Product Code: IRTNTR73467
Technavio has been monitoring the vertical farming market and it is poised to grow by $ 6.70 bn during 2022-2026, accelerating at a CAGR of 21.93% during the forecast period. Our report on the vertical farming market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the need to meet the rising demand for food products, growth in investments and funding in the agricultural sector, and declining arable land.
The vertical farming market analysis includes type segment and geographic landscape.
Technavio's vertical farming market is segmented as below:
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- The Middle East and Africa
This study identifies the growing demand for smart/advanced vertical farming technologies with automated systems as one of the prime reasons driving the vertical farming market growth during the next few years. Also, growing demand for organic food and growing concerns regarding a pollution-free environment will lead to sizable demand in the market.
- Vertical farming market sizing
- Vertical farming market forecast
- Vertical farming market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading vertical farming market vendors that include 4D Bios Inc., Agrilution Systems GmbH, ALTIUS FARMS, AmHydro, Bowery Farming Inc., Eden Green Technology, Freight Farms Inc., Future Crops, Green Sense Farms Holding Inc., Grow Pod Solutions, Heliospectra AB, IGS Ltd., OSRAM GmbH, SANANBIO, Signify NV, Sky Greens, SPREAD Co. Ltd., Urban Crop Solutions, Valoya Oy, Vertical Farm Systems Pty Ltd, and Vertical Future Ltd. Also, the vertical farming market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary €" Chart on Market Overview
- Exhibit 02: Executive Summary €" Data Table on Market Overview
- Exhibit 03: Executive Summary €" Chart on Global Market Characteristics
- Exhibit 04: Executive Summary €" Chart on Market By Geographical Landscape
- Exhibit 05: Executive Summary €" Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary €" Chart on Incremental Growth
- Exhibit 07: Executive Summary €" Data Table on Incremental Growth
- Exhibit 08: Executive Summary €" Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers €" Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers €" Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants €" Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes €" Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry €" Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 24: Chart on Product - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
- 5.2 Comparison by Product
- Exhibit 26: Chart on Comparison by Product
- Exhibit 27: Data Table on Comparison by Product
- 5.3 Tomato - Market size and forecast 2021-2026
- Exhibit 28: Chart on Tomato - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Tomato - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Tomato - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Tomato - Year-over-year growth 2021-2026 (%)
- 5.4 Lettuce - Market size and forecast 2021-2026
- Exhibit 32: Chart on Lettuce - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Lettuce - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Lettuce - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Lettuce - Year-over-year growth 2021-2026 (%)
- 5.5 Bell and chili pepper - Market size and forecast 2021-2026
- Exhibit 36: Chart on Bell and chili pepper - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Bell and chili pepper - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Bell and chili pepper - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Bell and chili pepper - Year-over-year growth 2021-2026 (%)
- 5.6 Strawberry - Market size and forecast 2021-2026
- Exhibit 40: Chart on Strawberry - Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Data Table on Strawberry - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Chart on Strawberry - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Strawberry - Year-over-year growth 2021-2026 (%)
- 5.7 Others - Market size and forecast 2021-2026
- Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.8 Market opportunity by Product
- Exhibit 48: Market opportunity by Product ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 50: Chart on Market share By Geographical Landscape 2021-2026 (%)
- Exhibit 51: Data Table on Market share By Geographical Landscape 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 52: Chart on Geographic comparison
- Exhibit 53: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 North America - Market size and forecast 2021-2026
- Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.5 Europe - Market size and forecast 2021-2026
- Exhibit 62: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 China - Market size and forecast 2021-2026
- Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.9 US - Market size and forecast 2021-2026
- Exhibit 78: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.10 Germany - Market size and forecast 2021-2026
- Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.11 India - Market size and forecast 2021-2026
- Exhibit 86: Chart on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on India - Year-over-year growth 2021-2026 (%)
- 7.12 Canada - Market size and forecast 2021-2026
- Exhibit 90: Chart on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 91: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 92: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 93: Data Table on Canada - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity By Geographical Landscape
- Exhibit 94: Market opportunity By Geographical Landscape ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 95: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 97: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 98: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 99: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 100: Matrix on vendor position and classification
- 10.3 Bowery Farming Inc.
- Exhibit 101: Bowery Farming Inc. - Overview
- Exhibit 102: Bowery Farming Inc. - Product / Service
- Exhibit 103: Bowery Farming Inc. - Key offerings
- 10.4 Dream Harvest Farming Company LLC
- Exhibit 104: Dream Harvest Farming Company LLC - Overview
- Exhibit 105: Dream Harvest Farming Company LLC - Product / Service
- Exhibit 106: Dream Harvest Farming Company LLC - Key offerings
- 10.5 Eataly Net USA LLC
- Exhibit 107: Eataly Net USA LLC - Overview
- Exhibit 108: Eataly Net USA LLC - Product / Service
- Exhibit 109: Eataly Net USA LLC - Key offerings
- 10.6 Kalera Inc.
- Exhibit 110: Kalera Inc. - Overview
- Exhibit 111: Kalera Inc. - Product / Service
- Exhibit 112: Kalera Inc. - Key news
- Exhibit 113: Kalera Inc. - Key offerings
- 10.7 Nordic Harvest AS
- Exhibit 114: Nordic Harvest AS - Overview
- Exhibit 115: Nordic Harvest AS - Product / Service
- Exhibit 116: Nordic Harvest AS - Key offerings
- 10.8 Plenty Unlimited Inc.
- Exhibit 117: Plenty Unlimited Inc. - Overview
- Exhibit 118: Plenty Unlimited Inc. - Product / Service
- Exhibit 119: Plenty Unlimited Inc. - Key offerings
- 10.9 Upward Enterprises Inc.
- Exhibit 120: Upward Enterprises Inc. - Overview
- Exhibit 121: Upward Enterprises Inc. - Product / Service
- Exhibit 122: Upward Enterprises Inc. - Key offerings
- 10.10 Vertical Harvest
- Exhibit 123: Vertical Harvest - Overview
- Exhibit 124: Vertical Harvest - Product / Service
- Exhibit 125: Vertical Harvest - Key offerings
- 10.11 Vertical Roots
- Exhibit 126: Vertical Roots - Overview
- Exhibit 127: Vertical Roots - Product / Service
- Exhibit 128: Vertical Roots - Key offerings
- 10.12 Village Farms International Inc.
- Exhibit 129: Village Farms International Inc. - Overview
- Exhibit 130: Village Farms International Inc. - Business segments
- Exhibit 131: Village Farms International Inc. - Key news
- Exhibit 132: Village Farms International Inc. - Key offerings
- Exhibit 133: Village Farms International Inc. - Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 134: Inclusions checklist
- Exhibit 135: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 136: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 137: Research methodology
- Exhibit 138: Validation techniques employed for market sizing
- Exhibit 139: Information sources
- 11.5 List of abbreviations
- Exhibit 140: List of abbreviations
- effect of climate change on agricultural production: Agricultural production is directly dependent on climate changes, such as a rise in temperature. Unfavorable climate change can affect agricultural production. For instance, an increase in temperature can reduce yields, thereby affecting the potential profitability of end-users. Agriculture plays a key role in the overall economic growth of many countries. A rise in temperature is mainly attributed to the increase in greenhouse gas emissions, including fluorinated gases, nitrous oxide, carbon dioxide, and methane, which can negatively affect water and land resources, resulting in floods and droughts. Such adverse effects of climate change can reduce the scope of farming and adversely affect the sales opportunities of agricultural and farm machinery.