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North America Vertical Farming Market


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

Report code: SDMRVE1688807 | Industry: Vertical Farming | Published On: 44985


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.)

1  Introduction 7
1.1  Industry  Definition  and  Research  Scope 7
1.1.1  Industry  Definition 7
1.1.2  Research  Scope 8
1.2  Research  Methodology 11
1.2.1  Overview  of  Market  Research  Methodology 11
1.2.2  Market  Assumption 12
1.2.3  Secondary  Data 12
1.2.4  Primary  Data 12
1.2.5  Data  Filtration  and  Model  Design 13
1.2.6  Market  Size/Share  Estimation 14
1.2.7  Research  Limitations 15
1.3  Executive  Summary 16
2  Market  Overview  and  Dynamics 19
2.1  Market  Size  and  Forecast 19
2.1.1  Impact  of  COVID-19  on  World  Economy 20
2.1.2  Impact  of  COVID-19  on  the  Market 23
2.2  Major  Growth  Drivers 25
2.3  Market  Restraints  and  Challenges 31
2.4  Emerging  Opportunities  and  Market  Trends 34
2.5  Porter’s  Fiver  Forces  Analysis 38
3  Segmentation  of  North  America  Market  by  Mechanism 42
3.1  Market  Overview  by  Mechanism 42
3.2  Hydroponics 44
3.3  Aquaponics 45
3.4  Aeroponics 46
4  Segmentation  of  North  America  Market  by  Component 47
4.1  Market  Overview  by  Component 47
4.2  Lighting  Devices 49
4.3  Hydroponic  Components 51
4.4  Climate  Control  Devices 52
4.5  Sensing  Devices 54
4.6  Irrigation  Component 56
4.7  Building  Material 58
4.8  Other  Components 59
5  Segmentation  of  North  America  Market  by  Structure 61
5.1  Market  Overview  by  Structure 61
5.2  Building-based  Structure 63
5.3  Container-based  Structure 64
6  Segmentation  of  North  America  Market  by  Application  Type 65
6.1  Market  Overview  by  Application  Type 65
6.2  Indoor  Vertical  Farming 67
6.3  Outdoor  Vertical  Farming 68
7  Segmentation  of  North  America  Market  by  Crop 69
7.1  Market  Overview  by  Crop 69
7.2  Tomatoes 71
7.3  Lettuce 72
7.4  Leafy  Greens  (excluding  lettuce) 73
7.5  Bell  &  Chili  Peppers 74
7.6  Herbs 75
7.7  Strawberry 76
7.8  Other  Crops 77
8  North  America  Market  2022-2032  by  Country 78
8.1  Overview  of  North  America  Market 78
8.2  U.S. 81
8.3  Canada 84
8.4  Mexico 87
9  Competitive  Landscape 89
9.1  Overview  of  Key  Vendors 89
9.2  New  Product  Launch,  Partnership,  Investment,  and  M&A 92
9.3  Company  Profiles 93
4D  Bios,  Inc. 93
AeroFarms 95
AgriCool 96
American  Hydroponics 97
Bowery  Farming  Inc. 98
Crop  One  Holdings 99
Everlight  Electronics  Co.,  Ltd. 100
Freight  Farms 101
Heliospectra  AB 102
Kalera  Inc. 103
OSRAM  GmbH. 104
Plenty  Unlimited  Inc. 105
Signify  Holding 106
Sky  Greens 107
SPREAD  Co.,  Ltd. 108
Urban  Crop  Solutions 109
Valoya 110
Vertical  Farm  Systems 111
RELATED  REPORTS 112
List of Tables:

Table 1. Snapshot of North America Vertical Farming Market in Balanced Perspective, 2022-2032 17
Table 2. World Economic Outlook, 2021-2031 21
Table 3. World Economic Outlook, 2021-2023 22
Table 4. World Population Projections to 2035 28
Table 5. Worldwide Sales of Organic Food, 2022-2032, $ bn 30
Table 6. Main Product Trends and Market Opportunities in North America Vertical Farming Market 34
Table 7. North America Vertical Farming Market by Mechanism, 2022-2032, $ mn 42
Table 8. North America Vertical Farming Market by Component, 2022-2032, $ mn 47
Table 9. Key Vendors and Main Products of Grow Lights Market 50
Table 10. Key Vendors and Main Products of Climate Control System Market 53
Table 11. Key Vendors and Main Products of Sensors Market 55
Table 12. Key Vendors and Main Products of Irrigation System Market 57
Table 13. Key Vendors and Main Products of Integrated System Market 60
Table 14. North America Vertical Farming Market by Structure, 2022-2032, $ mn 61
Table 15. North America Vertical Farming Market by Application Type, 2022-2032, $ mn 65
Table 16. North America Vertical Farming Market by Crop, 2022-2032, $ mn 69
Table 17. North America Vertical Farming Market by Country, 2022-2032, $ mn 79
Table 18. U.S. Vertical Farms and Greenhouses to Be Built, 2023-2030, Acres 82
Table 19. U.S. Vertical Farming Market by Mechanism, 2022-2032, $ mn 83
Table 20. U.S. Vertical Farming Market by Component, 2022-2032, $ mn 83
Table 21. U.S. Vertical Farming Market by Structure, 2022-2032, $ mn 83
Table 22. Canada Vertical Farms and Greenhouses to Be Built, 2023-2030, Acres 85
Table 23. Canada Vertical Farming Market by Mechanism, 2022-2032, $ mn 86
Table 24. Canada Vertical Farming Market by Component, 2022-2032, $ mn 86
Table 25. Canada Vertical Farming Market by Structure, 2022-2032, $ mn 86
Table 26. Mexico Vertical Farming Market by Mechanism, 2022-2032, $ mn 88
Table 27. Mexico Vertical Farming Market by Component, 2022-2032, $ mn 88
Table 28. Mexico Vertical Farming Market by Structure, 2022-2032, $ mn 88
Table 29. 4D Bios, Inc.: Company Snapshot 93
Table 30. 4D Bios, Inc.: Business Segmentation 94
Table 31. 4D Bios, Inc.: Product Portfolio 94
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