Introduction of the United States Vertical Farming Market Report

Vertical farming refers to the practice of producing food on a vertical inclined surface. This farming method produces food in vertically stacked layers integrated into other structures such as shipping containers or repurposed warehouses. Vertical farming uses a mixture of natural light and artificial light, and the artificial light is LED-based, which can be driven by a source of renewable energy such as solar power or wind turbine. The United States vertical farming market covers various growth mechanisms, which include Aeroponics, Aquaponics, and Hydroponics.

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Market Dynamic

Key Drivers and Emerging Trends

The United States vertical farming industry is anticipated to have strong demand during the forecast period. The significant shift in the consumer’s preference towards organic products, reducing amount of arable land, and the increasing production of crops are the major factors that are surging the growth of the market over the coming years. Moreover, the increasing awareness related to the numerous advantages offered by this type of farming, such as less usage of water, decreased exposure to chemicals & diseases, the greater output from less cultivation land, and no impact of changing weather conditions, are further surging the vertical farming industry growth in the United States.

As per the vertical farming market research, the rising production of biopharmaceutical products, strong demand for organic food products due to the increasing number of health diseases are encouraging individuals to opt for healthier food products, thus indirectly impacting the market’s demand. Vertical farming helps in decreasing the carbon footprint due to its increased proximity to the consumers, which in turn, has led to a fall in the distance covered by trucks.  The continuous advancement in the light-emitting diode (LED) technology is opening new doors for market growth. LED lights are highly cost-effective and efficient to reduce the overall farming cost of the growers. All these factors are further energizing the need for vertical farming in the United States. The country is considered as one of the largest markets for hydroponic systems, especially in North America. The increasing popularity of greenhouse horticulture is growing the hydroponics market in the U.S. The owner of grocery stores is shifting towards hydroponic farmers to meet the specific consumer demand in the harsh weather climate. This factor is one of the emerging vertical farming market trends that are likely to have a positive impact on the growth of the vertical farming market size.

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Growth Mechanism – Segment Analysis

Based on the growth mechanism, the hydroponics segment is anticipated to grow at a higher CAGR during the forecast period. The increasing preference for hydroponics, especially for removing risks related to soil organisms that may lead to diseases, is one of the major factors that is likely to boost the segment’s growth. Consumers are now becoming aware of the effects of pesticides, which is encouraging them to shift towards hydroponics. The hydroponically grown plants produce greater yield as compared to the plants grown in soil and recycles the maximum amount of water with minimal wastage.

Structure – Segment Analysis

Based on the structure, the shipping container vertical farms segment is anticipated to dominate the market during the forecast period. The ability of the structure to promote crop growth irrespective of the geographical location is a major factor that is surging the segment growth. The shipping container-based farming uses 95% less water as compared to the traditional cultivation by the use of drip. Moreover, they are easy to modify, stackable, durable, and can be recycled at a lower price.

Offering – Segment Analysis

Based on the offering, the climate control segment is expected to dominate the market during the forecast period. Climate control is defined as the type of agriculture where the plants are cultivated inside a greenhouse under a controlled environment. As per the vertical farming market analysis, the increasing focus on protection and maintaining the optimum growth conditions of the crops is a major driver that is encouraging the farmers to opt for climate control farming.

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Top Market Players

Various notable vertical farming companies in the USA include AeroFarms, Freight Farms, Green Sense Farms Holdings Inc., Green Spirit Farms, Plenty Unlimited Inc., Bowery Farming Inc., Altius Farms, among others. 

Segments covered in the Report:

The United States Vertical Farming Market has been segmented based on growth mechanism, structure, crop type, and offering. Based on growth mechanism, the market is segmented into aeroponics, aquaponics, and hydroponics. Based on the structure, the market is segmented into Shipping Container Vertical Farms and Building-Based Vertical Farms. Based on crop type, the market is segmented into peppers, lettuce, spinach, broccoli, tomatoes, cucumbers, pomegranates, strawberries, and others. Based on offering the market is segmented into hydroponics components, lighting, sensors, and climate control.  

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Key questions answered in this research report:

• • At what pace is United States vertical farming market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in United States Vertical Farming Market? What will be the impact of drivers and restraints in the future?
  • Which growth mechanism generated maximum revenues in 2019 and identify the most promising growth mechanism during the forecast period?
  • What are the various structure areas of United States Vertical Farming Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Growth Mechanism, By Structure, By Crop Type, By Offering
Regional Coverage	United States
Companies Profiled	AeroFarms, Freight Farms, Green Sense Farms Holdings Inc., Green Spirit Farms, Plenty Unlimited Inc., Bowery Farming Inc., Altius Farms, among others; a total of 7 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

United States Vertical Farming Market Segmentation

United States Vertical Farming Market by Growth Mechanism

• • Aeroponics
  • Aquaponics
  • Hydroponics

United States Vertical Farming Market by Structure

• • Shipping Container Vertical Farms
  • Building-Based Vertical Farms

United States Vertical Farming Market by Crop Type

• • Pepper
  • Lettuce
  • Spinach
  • Broccoli
  • Tomatoes
  • Cucumbers
  • Pomegranates
  • Strawberries
  • Others

United States Vertical Farming Market by Offering

• • Hydroponics Components
  • Lighting
  • Sensors
  • Climate Control

Major Players Operating in the United States Vertical Farming Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • AeroFarms
  • Freight Farms
  • Green Sense Farms Holdings Inc.
  • Green Spirit Farms
  • Plenty Unlimited Inc.
  • Bowery Farming Inc.
  • Altius Farms