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Vertical Farming Market Share

Report ID: GMI1525
Published Date: May 2021
Report Format: PDF

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Vertical Farming Market Share

Key companies operating in the vertical farming market include :

Sky Greens
Green Spirit Farm
Aerofarms
Plantagon International
Mirai Co., Ltd
General Hydroponics
Urban Crop Solutions
American Hydroponics
Spread Co

Manufacturers are constantly focusing on joint venture, partnership, merger & acquisition, and geographic expansion strategies to attain a competitive edge in the industry. For instance, in February 2020, Urban Crop Solutions collaborated with CropKing to enhance its service offerings.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of vertical farming surpassed USD 4.51 billion in 2020 and is poised to grow at a CAGR of over 23% between 2021 and 2027.

The Asia Pacific market size is expected to expand at 24% CAGR during the forecast period, with increasing urbanization and population feeding needs.

Vertical farming equipment segment is predicted to witness more than 20% growth rate through 2027, driven by the rising usage of equipment comprising atmosphere controllers, grow lights, pipes, and irrigation systems for a variety of purposes.

Key companies operating in the market include Sky Greens, Green Spirit Farm, Aerofarms, Plantagon International., Mirai Co., Ltd., General Hydroponics, Urban Crop Solutions, American Hydroponics, and Spread Co.