1. Market Research
  2. > Electronics
  3. > Industrial Electronics
  4. > Lighting Market Trends
Vertical Farming Market with COVID-19 Impact Analysis by Growth Mechanism, Structure, Offering, Crop Type And Region - Global Forecast to 2025

Vertical Farming Market with COVID-19 Impact Analysis by Growth Mechanism, Structure, Offering, Crop Type And Region - Global Forecast to 2025

  • August 2020
  • 152 pages
  • ID: 4655403
  • Format: PDF
  • MarketsandMarkets


Table of Contents

Search Inside

The vertical farming market is projected to grow at a CAGR of 20.2% from 2020 to 2025.
The vertical farming market is projected to reach USD 7.3 billion by 2025 from USD 2.9 billion in 2020; it is expected to grow at a CAGR of 20.2% during the forecast period. The vertical farming market in APAC is projected to grow at the highest CAGR during the forecast period. Countries such as China, Japan, and Singapore are major contributors to the growth of the vertical farming market in APAC. The growth prospective of the vertical farming market in APAC is promising with a steady growth rate in the near future. The COVID—19 pandemic has affected the market in APAC, however, a steady recovery by 2021 is expected with the significant investments and government support. The major restraints for the growth of the market are lack of skilled workforce and technical know-how, and limited crop range; and high initial investments. Maintenance of air circulation in a vertical farm, and vertical farming on a large scale act as major challenges for the growth of the market.

Hydroponics segment projected to hold the largest share of the vertical farming market during the forecast period.
Hydroponics mechanism is easier to set up, has a higher return on investments (RoI), and incur less cost than other mechanisms.With maximum amount of water recycled with minimal wastage, hydroponics is the most water-efficient method of farming.

On the contrary, aeroponics requires a high initial investment and plants can die in just a few hours due to malfunctioning or failure of mist spraying nozzles. As hydroponics provides more advantages than other mechanisms it is used widely by commercial growers.

Among structure, the shipping container vertical farms segment to grow at a higer CAGR between 2020 and 2025.
The vertical farming market is largely dominated by the building-based vertical farms segment as leading companies in the market are involved in this type of farming.However, the market for shipping container-based vertical farms is likely to register a higher CAGR as it is a ready-to-use (plug and play model) solution that can help to cater to the rising demand for fresh and high-quality produce.

A shipping container-based vertical farm is ideal for serving a small base of consumer, nevertheless, can be ineffective and costly to serve a larger consumer base.Shipping container-based vertical farms are flexible, easy to operate, and portable.

The rising demand for fresh produce is expected to create notable growth opportunities for this segment in the next few years.

Lighting to hold the largest share of the vertical farming hardware market during the forecast period.
Sunlight is a vital resource in traditional farming.However, vertical farming highly depends on artificial lights.

Artificial light acts as a substitute for the sunlight and is required to provide sufficient light intensities that enable crop growth.The amount and duration of the light are the main aspects considered while providing lighting for plants.

Lights either provide a light spectrum like that of the sun or a spectrum that caters to the needs of the plants. Outdoor lighting conditions can be created with varying colors, temperatures, and spectral outputs from the grow lights, as well as varying the intensity output of the lamps.

APAC projected to hold the largest share of the vertical farming market in 2025.
APAC is the base to numerous small and large vertical farms operating in different countries of the region.Countries in APAC are densely populated, and the number is increasing exponentially.

This certainly creates a demand to have a substitute for conventional farming as it lacks the capacity to serve the growing population.Vertical farming reduces the dependency on field farming and aids in avoiding the need for new farmland due to the increasing need for food.

Countries such as China, Singapore, Hong Kong, South Korea, and Japan are technologically equipped, complementing the growth opportunities for the vertical farming market. The growth of the vertical farming market in this region can also be attributed to the increasing awareness about alternative farming methods and limited agricultural fertile land.

Breakdown of profiles of primary participants:
• By Company Type: Tier 1 = 40%, Tier 2 = 45%, and Tier 3 = 15%
• By Designation: C-level Executives = 40%, Directors = 30%, and Others = 30%
• By Region: North America = 20%, Europe = 35%, APAC = 30%, and RoW = 15%

Signify (Netherlands), Osram (Germany), Freight Farms (US), AeroFarms (US), Sky Greens (Singapore), Spread Co., Ltd. (Japan), Plenty (US), Valoya (Finland), Everlight Electronics Co., Ltd. (Taiwan), and Heliospectra (Sweden) are a few major players in the vertical farming market.

Research Coverage:
This report segments the vertical farming market based on growth mechanism, structure, crop type, and offering. The report gives a detailed view of the market across 4 main regions: North America, Europe, APAC, and RoW.

Reasons to Buy the Report:
• This report includes statistics pertaining to the vertical farming market based on growth mechanism, structure, crop type, offering, and region, along with their respective market sizes
• Major drivers, restraints, opportunities, and challenges for the vertical farming market have been provided in detail in this report
• The report includes illustrative segmentation, analysis, and forecast for the vertical farming market based on its segments and subsegments.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.


Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on