{"id":643,"date":"2022-07-22T11:01:36","date_gmt":"2022-07-22T11:01:36","guid":{"rendered":"https:\/\/www.innoviusresearch.com\/blog\/?p=643"},"modified":"2022-07-22T11:13:48","modified_gmt":"2022-07-22T11:13:48","slug":"vertical-farming-market-2022-2030","status":"publish","type":"post","link":"https:\/\/www.innoviusresearch.com\/blog\/market-report\/vertical-farming-market-2022-2030\/","title":{"rendered":"Vertical Farming Market 2022-2030"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\"><strong>Market Growth and Size \u2013 Global<\/strong><\/h5>\n\n\n\n<p>In <strong>2021<\/strong>, the <strong>Global Vertical Farming Market<\/strong> was valued at <strong>$3.47 billion<\/strong>, growing at an approximate <strong>CAGR<\/strong> of <strong>25.9% <\/strong>during the forecasted period<strong> 2022-2030<\/strong>. The Global Vertical Farming Market is expected to grow and reach <strong>$<\/strong> <strong>27.58 billion<\/strong> by <strong>2030<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-twentytwentyone-border\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"500\" src=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2022\/07\/vertical-1-1024x500.jpg\" alt=\"Vertical-farming _market-Innovius-research\" class=\"wp-image-645\" srcset=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2022\/07\/vertical-1-1024x500.jpg 1024w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2022\/07\/vertical-1-300x146.jpg 300w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2022\/07\/vertical-1-768x375.jpg 768w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2022\/07\/vertical-1-1536x750.jpg 1536w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2022\/07\/vertical-1-2048x1000.jpg 2048w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2022\/07\/vertical-1-1568x766.jpg 1568w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption><em>US Vertical Farming Market during 2021-2030 ($Billion)<\/em><\/figcaption><\/figure>\n\n\n\n<p>The Global Vertical Farming Market is estimated to witness significant growth during the forecasted period led by factors such as a <strong>rise in popularity of organic food<\/strong>, <strong>optimum use of vertical space, <\/strong>the<strong> convenience <\/strong>of<strong> crop monitoring <\/strong>and<strong> harvesting<\/strong>, and the <strong>decrease in arable land<\/strong>.<\/p>\n\n\n\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6580330613220222\"\n     crossorigin=\"anonymous\"><\/script>\n<ins class=\"adsbygoogle\"\n     style=\"display:block; text-align:center;\"\n     data-ad-layout=\"in-article\"\n     data-ad-format=\"fluid\"\n     data-ad-client=\"ca-pub-6580330613220222\"\n     data-ad-slot=\"2367613624\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<figure class=\"wp-block-image size-full is-style-twentytwentyone-border\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"562\" src=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2022\/07\/vertical-4.jpg\" alt=\"Vertical-farming _market-Innovius-research\" class=\"wp-image-646\" srcset=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2022\/07\/vertical-4.jpg 1000w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2022\/07\/vertical-4-300x169.jpg 300w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2022\/07\/vertical-4-768x432.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><figcaption><em>Global Vertical Farming Market \u2013 Share by Region (%)<\/em><\/figcaption><\/figure>\n\n\n\n<p>North America held the highest share (52%) of the Global Vertical Farming Market followed by Europe (23%) and the <strong>Asia-Pacific region (15%)<\/strong>.<\/p>\n\n\n\n<p><strong>Asia Pacific<\/strong> region is expected to dominate the vertical farming market over the projected period, with a growth rate of <strong>29%<\/strong>.&nbsp;The market is led by factors such as <strong>increased demand<\/strong> for <strong>pesticide-free food<\/strong>, <strong>limited land availability<\/strong>, and <strong>emerging economies<\/strong> such as <strong>India<\/strong> and <strong>China.<\/strong><\/p>\n\n\n\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6580330613220222\"\n     crossorigin=\"anonymous\"><\/script>\n<ins class=\"adsbygoogle\"\n     style=\"display:block; text-align:center;\"\n     data-ad-layout=\"in-article\"\n     data-ad-format=\"fluid\"\n     data-ad-client=\"ca-pub-6580330613220222\"\n     data-ad-slot=\"2367613624\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<h5 class=\"wp-block-heading\">Investments in Global Vertical Farming<\/h5>\n\n\n\n<p>In <strong>2018<\/strong>, the Global Vertical Farming Market was valued at approximately <strong>$240 million <\/strong>and grew at a <strong>CAGR<\/strong> of <strong>51.3%<\/strong> during <strong>2018-2020 <\/strong>to<strong> $550 million <\/strong>in <strong>2020.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-style-twentytwentyone-border\"><img loading=\"lazy\" decoding=\"async\" width=\"974\" height=\"412\" src=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2022\/07\/vertical-3-1.jpg\" alt=\"\" class=\"wp-image-650\" srcset=\"https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2022\/07\/vertical-3-1.jpg 974w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2022\/07\/vertical-3-1-300x127.jpg 300w, https:\/\/www.innoviusresearch.com\/blog\/wp-content\/uploads\/2022\/07\/vertical-3-1-768x325.jpg 768w\" sizes=\"auto, (max-width: 974px) 100vw, 974px\" \/><figcaption><em>Global Vertical Farming Investments During 2016-2020 ($Million)<\/em><\/figcaption><\/figure>\n\n\n\n<p>In <strong>2022, GrowUp Farms<\/strong> received <strong>\u00a3100 million ($124 million)<\/strong> from the US green investment firm Generate Capital to support the development of its&nbsp;major <strong>new vertical farming facility<\/strong> in the UK. The farm is designed to serve the <strong>wholesale<\/strong> and <strong>retail markets<\/strong> in the country by utilizing <strong>95% less water<\/strong> than traditional growing methods. <a href=\"https:\/\/www.foodmanufacture.co.uk\/Article\/2022\/03\/02\/new-vertical-farm-secures-100m-investment\" target=\"_blank\" rel=\"noopener\" title=\"\">[Source]<\/a><\/p>\n\n\n\n<p>In <strong>2021, Infarm<\/strong>, a Europe-based vertical farming company secured a <strong>$200 million<\/strong> investment to accelerate the global expansion of <strong>climate-resilient vertical farms<\/strong>. The investment was intended to be used by the company to support its <strong>global expansion plan<\/strong> to grow its existing vertical farming network in the <strong>United States, Canada, Japan<\/strong>, and <strong>Europe<\/strong>, as well as enter new markets in <strong>Asia-Pacific <\/strong>and the <strong>Middle<\/strong> <strong>East<\/strong>. <a href=\"https:\/\/www.prnewswire.com\/news-releases\/infarm-raises-200m-to-accelerate-global-expansion-of-climate-resilient-vertical-farms-301445604.html\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">[Source]<\/a><\/p>\n\n\n\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6580330613220222\"\n     crossorigin=\"anonymous\"><\/script>\n<ins class=\"adsbygoogle\"\n     style=\"display:block; text-align:center;\"\n     data-ad-layout=\"in-article\"\n     data-ad-format=\"fluid\"\n     data-ad-client=\"ca-pub-6580330613220222\"\n     data-ad-slot=\"2367613624\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<p>In <strong>2021, Dream Harvest Farming Company<\/strong>, a US-based vertical farming company,&nbsp;received <strong>$50 million<\/strong> in capital to <strong>expand <\/strong>its <strong>regional presence<\/strong> and yield up to <strong>three million pounds<\/strong> of produce per year in an effort to improve sustainable farming, reduce food waste, and meet rising consumer demand. The investment was intended to be utilized to fulfill high demand by building a new <strong>100,000-square-foot indoor growing facility<\/strong>, allowing it to service more stores and expand its present operations. <a href=\"https:\/\/www.businesswire.com\/news\/home\/20211207005726\/en\/Dream-Harvest-Secures-50-Million-Capital-Raise-From-Orion-Energy-Partners-to-Significantly-Scale-Production\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">[Source]<\/a><\/p>\n\n\n\n<p>In <strong>2019, Sustenir<\/strong>, an agritech company, constructed a <strong>30,000-square-foot hydroponics vertical farming facility <\/strong>in <strong>Hong Kong, China.<\/strong> The company\u2019s vertical farming technology offered an alternative to the current food system in hot, humid locations such as <strong>Hong Kong<\/strong> and <strong>Singapore.<\/strong> Sustenir&nbsp;intended&nbsp;to reduce reliance on foreign food imports and food waste during the shipping process, by growing non-native crops in lab-controlled environments. <a href=\"https:\/\/www.greenqueen.com.hk\/sustenir-singapore-kale-hong-kong-with-launch-of-vertical-farm-in-the-city-3\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">[Source]<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>Data Sources: <a href=\"http:\/\/www.fortunebusinessinsights.com\" target=\"_blank\" rel=\"noopener nofollow\" title=\"Fortune Business Insights\">Fortune Business Insights<\/a>, <a href=\"http:\/\/alliedmarketresearch.com\" target=\"_blank\" rel=\"noopener nofollow\" title=\"Allied Market Research\">Allied Market Research<\/a>, <a href=\"http:\/\/agritechtomorrow.com\" target=\"_blank\" rel=\"noopener nofollow\" title=\"Agritech Tomorrow\">Agritech Tomorrow<\/a>, and many more. <\/p>\n\n\n\n<p>Read more<strong>&nbsp;<\/strong>on <a href=\"https:\/\/www.innoviusresearch.com\/blog\/category\/market-report\/\" target=\"_blank\" rel=\"noopener\" title=\"Market Insights\"><strong>Market Insights<\/strong><\/a>. <\/p>\n\n\n\n<p>To get the entire report <strong><a href=\"https:\/\/www.innoviusresearch.com\/contact-us.php\" title=\"contact us\">contact us<\/a><\/strong> now. <\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h5 class=\"has-text-align-center wp-block-heading\">Must Read<\/h5>\n\n\n<div class=\"monsterinsights-widget-popular-posts monsterinsights-widget-popular-posts-charlie monsterinsights-popular-posts-styled monsterinsights-widget-popular-posts-columns-1\"><ul class=\"monsterinsights-widget-popular-posts-list\"><li style=\"border-color:#1B95E0;\"><a href=\"https:\/\/www.innoviusresearch.com\/blog\/market-report\/general-recruitment-industry-in-australia\/\"><div class=\"monsterinsights-widget-popular-posts-text\"><span class=\"monsterinsights-widget-popular-posts-title\" style=\"color:#000000;font-size:16px;\">General Recruitment Industry In Australia<\/span><\/div><\/a><\/li><li style=\"border-color:#1B95E0;\"><a href=\"https:\/\/www.innoviusresearch.com\/blog\/market-report\/educational-toy-market-2020-2028-global-and-united-states\/\"><div class=\"monsterinsights-widget-popular-posts-text\"><span class=\"monsterinsights-widget-popular-posts-title\" style=\"color:#000000;font-size:16px;\">Educational Toy Market &#8211; 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The Global Vertical Farming Market is expected to grow and reach $ 27.58 billion by 2030. The Global Vertical Farming Market is estimated to witness&hellip; <a class=\"more-link\" href=\"https:\/\/www.innoviusresearch.com\/blog\/market-report\/vertical-farming-market-2022-2030\/\">Continue reading <span class=\"screen-reader-text\">Vertical Farming Market 2022-2030<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":648,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[10],"tags":[],"class_list":["post-643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-report","entry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/posts\/643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/comments?post=643"}],"version-history":[{"count":7,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/posts\/643\/revisions"}],"predecessor-version":[{"id":656,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/posts\/643\/revisions\/656"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/media\/648"}],"wp:attachment":[{"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/media?parent=643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/categories?post=643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.innoviusresearch.com\/blog\/wp-json\/wp\/v2\/tags?post=643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}