Vertical Farming Market Trends

Vertical Farming Market size was valued at USD 8.27 Billion in 2023 and is poised to grow from USD 9.94 Billion in 2024 to USD 43.32 Billion by 2032, growing at a CAGR of 20.2% during the forecast period (2025-2032).

Companies, including VertiVegies, AeroFarms, Freight Farms, Inc., Plenty Unlimited Inc., Urban Crop Solutions, and Sky Greens provide a range of vertical farming techniques. These companies are focused on developing operational and environmentally beneficial agricultural solutions. To expand their operations globally, the market players use a variety of tactics, such as alliances, mergers, acquisitions, and collaborations. The report offers insights into market trends and discusses noteworthy developments in the industry.  'Sky Greens ', 'Plenty ', 'FarmOne ', 'Freight Farms ', 'Modular Farms Co. ', 'General Hydroponics ', 'American Hydroponics ', 'Illumitex ', 'Everlight Electronics ', 'AeroFarms ', 'BrightFarms ', 'Green Sense Farms ', 'Growtainer', 'Signify Holding B.V.', 'Vertical Farm Systems', 'Heliospectra AB'

North America is expected to contribute significantly to the growth of the vertical farming business and held the greatest market share in 2023. This is a result of the presence of big vertical farms in states such as Canada and the US. In a similar spirit, the region's growing use of automation and advanced technologies in agriculture encourages pesticide-free, year-round food production. The number of people living in cities in countries, including the US and Canada is increasing, which raises the need for high-quality organic food that is produced using major agricultural techniques.