North America Vertical Farming Market 2022-2032 by Mechanism (Hydroponics, Aquaponics, Aeroponics), Component (Lighting, Hydroponic Components, Climate Control, Sensing), Structure (Building-based, Container-based), Application Type (Indoor, Outdoor), Crop (Tomatoes, Lettuce, Leafy Greens, Peppers, Herbs, Strawberry), and Country: Trend Forecast and Growth Opportunity
February 28, 2023
GMD Research
112
PDF
North America Vertical Farming Market 2022-2032 by Mechanism (Hydroponics, Aquaponics, Aeroponics), Component (Lighting, Hydroponic Components, Climate Control, Sensing), Structure (Building-based, Container-based), Application Type (Indoor, Outdoor), Crop (Tomatoes, Lettuce, Leafy Greens, Peppers, Herbs, Strawberry), and Country: Trend Forecast and Growth Opportunity
Abstract North America vertical farming market is projected to grow by 22.0% annually in the forecast period and reach $10,709.6 million by 2032, driven by the rapid urbanization, rising demand for high quality and high level of food safety, declining arable land, advantages of vertical farming equipped with advanced technologies, and independence of vertical farming from climate impacts. Highlighted with 31 tables and 49 figures, this 112-page report “North America Vertical Farming Market 2022-2032 by Mechanism (Hydroponics, Aquaponics, Aeroponics), Component (Lighting, Hydroponic Components, Climate Control, Sensing), Structure (Building-based, Container-based), Application Type (Indoor, Outdoor), Crop (Tomatoes, Lettuce, Leafy Greens, Peppers, Herbs, Strawberry), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America vertical farming market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects: •Market Structure •Growth Drivers •Restraints and Challenges •Emerging Product Trends & Market Opportunities •Porter’s Fiver Forces The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America vertical farming market in every aspect of the classification from perspectives of Mechanism, Component, Structure, Application Type, Crop, and Country.
Based on Mechanism, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. •Hydroponics •Aquaponics •Aeroponics
Based on Component, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. •Lighting Devices •Hydroponic Components •Climate Control Devices •Sensing Devices •Irrigation Component •Building Material •Other Components
By Structure, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. •Building-based Structure •Container-based Structure
By Application Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. •Indoor Vertical Farming •Outdoor Vertical Farming
By Crop, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. •Tomatoes •Lettuce •Leafy Greens (excluding lettuce) •Bell & Chili Peppers •Herbs •Strawberry •Other Crops
Geographically, the following national/local markets are fully investigated: •U.S. •Canada •Mexico For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of national markets by Mechanism, Component and Structure over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players: 4D Bios, Inc. AeroFarms AgriCool American Hydroponics Bowery Farming Inc. Crop One Holdings Everlight Electronics Co., Ltd. Freight Farms Heliospectra AB Kalera Inc. OSRAM GmbH. Plenty Unlimited Inc. Signify Holding Sky Greens SPREAD Co., Ltd. Urban Crop Solutions Valoya Vertical Farm Systems (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
Content Table of Contents
1 Introduction7 1.1 Industry Definition and Research Scope7 1.1.1 Industry Definition7 1.1.2 Research Scope8 1.2 Research Methodology11 1.2.1 Overview of Market Research Methodology11 1.2.2 Market Assumption12 1.2.3 Secondary Data12 1.2.4 Primary Data12 1.2.5 Data Filtration and Model Design13 1.2.6 Market Size/Share Estimation14 1.2.7 Research Limitations15 1.3 Executive Summary16 2 Market Overview and Dynamics19 2.1 Market Size and Forecast19 2.1.1 Impact of COVID-19 on World Economy20 2.1.2 Impact of COVID-19 on the Market23 2.2 Major Growth Drivers25 2.3 Market Restraints and Challenges31 2.4 Emerging Opportunities and Market Trends34 2.5 Porter’s Fiver Forces Analysis38 3 Segmentation of North America Market by Mechanism42 3.1 Market Overview by Mechanism42 3.2 Hydroponics44 3.3 Aquaponics45 3.4 Aeroponics46 4 Segmentation of North America Market by Component47 4.1 Market Overview by Component47 4.2 Lighting Devices49 4.3 Hydroponic Components51 4.4 Climate Control Devices52 4.5 Sensing Devices54 4.6 Irrigation Component56 4.7 Building Material58 4.8 Other Components59 5 Segmentation of North America Market by Structure61 5.1 Market Overview by Structure61 5.2 Building-based Structure63 5.3 Container-based Structure64 6 Segmentation of North America Market by Application Type65 6.1 Market Overview by Application Type65 6.2 Indoor Vertical Farming67 6.3 Outdoor Vertical Farming68 7 Segmentation of North America Market by Crop69 7.1 Market Overview by Crop69 7.2 Tomatoes71 7.3 Lettuce72 7.4 Leafy Greens (excluding lettuce)73 7.5 Bell & Chili Peppers74 7.6 Herbs75 7.7 Strawberry76 7.8 Other Crops77 8 North America Market 2022-2032 by Country78 8.1 Overview of North America Market78 8.2 U.S.81 8.3 Canada84 8.4 Mexico87 9 Competitive Landscape89 9.1 Overview of Key Vendors89 9.2 New Product Launch, Partnership, Investment, and M&A92 9.3 Company Profiles93 4D Bios, Inc.93 AeroFarms95 AgriCool96 American Hydroponics97 Bowery Farming Inc.98 Crop One Holdings99 Everlight Electronics Co., Ltd.100 Freight Farms101 Heliospectra AB102 Kalera Inc.103 OSRAM GmbH.104 Plenty Unlimited Inc.105 Signify Holding106 Sky Greens107 SPREAD Co., Ltd.108 Urban Crop Solutions109 Valoya110 Vertical Farm Systems111 RELATED REPORTS112
List of Tables:
Table 1. Snapshot of North America Vertical Farming Market in Balanced Perspective, 2022-203217 Table 2. World Economic Outlook, 2021-203121 Table 3. World Economic Outlook, 2021-202322 Table 4. World Population Projections to 203528 Table 5. Worldwide Sales of Organic Food, 2022-2032, $ bn30 Table 6. Main Product Trends and Market Opportunities in North America Vertical Farming Market34 Table 7. North America Vertical Farming Market by Mechanism, 2022-2032, $ mn42 Table 8. North America Vertical Farming Market by Component, 2022-2032, $ mn47 Table 9. Key Vendors and Main Products of Grow Lights Market50 Table 10. Key Vendors and Main Products of Climate Control System Market53 Table 11. Key Vendors and Main Products of Sensors Market55 Table 12. Key Vendors and Main Products of Irrigation System Market57 Table 13. Key Vendors and Main Products of Integrated System Market60 Table 14. North America Vertical Farming Market by Structure, 2022-2032, $ mn61 Table 15. North America Vertical Farming Market by Application Type, 2022-2032, $ mn65 Table 16. North America Vertical Farming Market by Crop, 2022-2032, $ mn69 Table 17. North America Vertical Farming Market by Country, 2022-2032, $ mn79 Table 18. U.S. Vertical Farms and Greenhouses to Be Built, 2023-2030, Acres82 Table 19. U.S. Vertical Farming Market by Mechanism, 2022-2032, $ mn83 Table 20. U.S. Vertical Farming Market by Component, 2022-2032, $ mn83 Table 21. U.S. Vertical Farming Market by Structure, 2022-2032, $ mn83 Table 22. Canada Vertical Farms and Greenhouses to Be Built, 2023-2030, Acres85 Table 23. Canada Vertical Farming Market by Mechanism, 2022-2032, $ mn86 Table 24. Canada Vertical Farming Market by Component, 2022-2032, $ mn86 Table 25. Canada Vertical Farming Market by Structure, 2022-2032, $ mn86 Table 26. Mexico Vertical Farming Market by Mechanism, 2022-2032, $ mn88 Table 27. Mexico Vertical Farming Market by Component, 2022-2032, $ mn88 Table 28. Mexico Vertical Farming Market by Structure, 2022-2032, $ mn88 Table 29. 4D Bios, Inc.: Company Snapshot93 Table 30. 4D Bios, Inc.: Business Segmentation94 Table 31. 4D Bios, Inc.: Product Portfolio94
North America vertical farming market is projected to grow by 22.0% annually in the forecast period and reach $10,709.6 million by 2032, driven by the rapid urbanization, rising demand for high quality and high level of food safety, declining arable land, advantages of vertical farming equipped with advanced technologies, and independence of vertical farming from climate impacts. Highlighted with 31 tables and 49 figures, this 112-page report “North America Vertical Farming Market 2022-2032 by Mechanism (Hydroponics, Aquaponics, Aeroponics), Component (Lighting, Hydroponic Components, Climate Control, Sensing), Structure (Building-based, Container-based), Application Type (Indoor, Outdoor), Crop (Tomatoes, Lettuce, Leafy Greens, Peppers, Herbs, Strawberry), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America vertical farming market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects: •Market Structure •Growth Drivers •Restraints and Challenges •Emerging Product Trends & Market Opportunities •Porter’s Fiver Forces The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America vertical farming market in every aspect of the classification from perspectives of Mechanism, Component, Structure, Application Type, Crop, and Country.
Based on Mechanism, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. •Hydroponics •Aquaponics •Aeroponics
Based on Component, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. •Lighting Devices •Hydroponic Components •Climate Control Devices •Sensing Devices •Irrigation Component •Building Material •Other Components
By Structure, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. •Building-based Structure •Container-based Structure
By Application Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. •Indoor Vertical Farming •Outdoor Vertical Farming
By Crop, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. •Tomatoes •Lettuce •Leafy Greens (excluding lettuce) •Bell & Chili Peppers •Herbs •Strawberry •Other Crops
Geographically, the following national/local markets are fully investigated: •U.S. •Canada •Mexico For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of national markets by Mechanism, Component and Structure over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players: 4D Bios, Inc. AeroFarms AgriCool American Hydroponics Bowery Farming Inc. Crop One Holdings Everlight Electronics Co., Ltd. Freight Farms Heliospectra AB Kalera Inc. OSRAM GmbH. Plenty Unlimited Inc. Signify Holding Sky Greens SPREAD Co., Ltd. Urban Crop Solutions Valoya Vertical Farm Systems (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
Table of Contents
1 Introduction7 1.1 Industry Definition and Research Scope7 1.1.1 Industry Definition7 1.1.2 Research Scope8 1.2 Research Methodology11 1.2.1 Overview of Market Research Methodology11 1.2.2 Market Assumption12 1.2.3 Secondary Data12 1.2.4 Primary Data12 1.2.5 Data Filtration and Model Design13 1.2.6 Market Size/Share Estimation14 1.2.7 Research Limitations15 1.3 Executive Summary16 2 Market Overview and Dynamics19 2.1 Market Size and Forecast19 2.1.1 Impact of COVID-19 on World Economy20 2.1.2 Impact of COVID-19 on the Market23 2.2 Major Growth Drivers25 2.3 Market Restraints and Challenges31 2.4 Emerging Opportunities and Market Trends34 2.5 Porter’s Fiver Forces Analysis38 3 Segmentation of North America Market by Mechanism42 3.1 Market Overview by Mechanism42 3.2 Hydroponics44 3.3 Aquaponics45 3.4 Aeroponics46 4 Segmentation of North America Market by Component47 4.1 Market Overview by Component47 4.2 Lighting Devices49 4.3 Hydroponic Components51 4.4 Climate Control Devices52 4.5 Sensing Devices54 4.6 Irrigation Component56 4.7 Building Material58 4.8 Other Components59 5 Segmentation of North America Market by Structure61 5.1 Market Overview by Structure61 5.2 Building-based Structure63 5.3 Container-based Structure64 6 Segmentation of North America Market by Application Type65 6.1 Market Overview by Application Type65 6.2 Indoor Vertical Farming67 6.3 Outdoor Vertical Farming68 7 Segmentation of North America Market by Crop69 7.1 Market Overview by Crop69 7.2 Tomatoes71 7.3 Lettuce72 7.4 Leafy Greens (excluding lettuce)73 7.5 Bell & Chili Peppers74 7.6 Herbs75 7.7 Strawberry76 7.8 Other Crops77 8 North America Market 2022-2032 by Country78 8.1 Overview of North America Market78 8.2 U.S.81 8.3 Canada84 8.4 Mexico87 9 Competitive Landscape89 9.1 Overview of Key Vendors89 9.2 New Product Launch, Partnership, Investment, and M&A92 9.3 Company Profiles93 4D Bios, Inc.93 AeroFarms95 AgriCool96 American Hydroponics97 Bowery Farming Inc.98 Crop One Holdings99 Everlight Electronics Co., Ltd.100 Freight Farms101 Heliospectra AB102 Kalera Inc.103 OSRAM GmbH.104 Plenty Unlimited Inc.105 Signify Holding106 Sky Greens107 SPREAD Co., Ltd.108 Urban Crop Solutions109 Valoya110 Vertical Farm Systems111 RELATED REPORTS112
List of Tables:
Table 1. Snapshot of North America Vertical Farming Market in Balanced Perspective, 2022-203217 Table 2. World Economic Outlook, 2021-203121 Table 3. World Economic Outlook, 2021-202322 Table 4. World Population Projections to 203528 Table 5. Worldwide Sales of Organic Food, 2022-2032, $ bn30 Table 6. Main Product Trends and Market Opportunities in North America Vertical Farming Market34 Table 7. North America Vertical Farming Market by Mechanism, 2022-2032, $ mn42 Table 8. North America Vertical Farming Market by Component, 2022-2032, $ mn47 Table 9. Key Vendors and Main Products of Grow Lights Market50 Table 10. Key Vendors and Main Products of Climate Control System Market53 Table 11. Key Vendors and Main Products of Sensors Market55 Table 12. Key Vendors and Main Products of Irrigation System Market57 Table 13. Key Vendors and Main Products of Integrated System Market60 Table 14. North America Vertical Farming Market by Structure, 2022-2032, $ mn61 Table 15. North America Vertical Farming Market by Application Type, 2022-2032, $ mn65 Table 16. North America Vertical Farming Market by Crop, 2022-2032, $ mn69 Table 17. North America Vertical Farming Market by Country, 2022-2032, $ mn79 Table 18. U.S. Vertical Farms and Greenhouses to Be Built, 2023-2030, Acres82 Table 19. U.S. Vertical Farming Market by Mechanism, 2022-2032, $ mn83 Table 20. U.S. Vertical Farming Market by Component, 2022-2032, $ mn83 Table 21. U.S. Vertical Farming Market by Structure, 2022-2032, $ mn83 Table 22. Canada Vertical Farms and Greenhouses to Be Built, 2023-2030, Acres85 Table 23. Canada Vertical Farming Market by Mechanism, 2022-2032, $ mn86 Table 24. Canada Vertical Farming Market by Component, 2022-2032, $ mn86 Table 25. Canada Vertical Farming Market by Structure, 2022-2032, $ mn86 Table 26. Mexico Vertical Farming Market by Mechanism, 2022-2032, $ mn88 Table 27. Mexico Vertical Farming Market by Component, 2022-2032, $ mn88 Table 28. Mexico Vertical Farming Market by Structure, 2022-2032, $ mn88 Table 29. 4D Bios, Inc.: Company Snapshot93 Table 30. 4D Bios, Inc.: Business Segmentation94 Table 31. 4D Bios, Inc.: Product Portfolio94