- Vertical farming market to grow from USD 5.1 billion in 2023 to USD 15.3 billion by 2028.
- Hydroponics is the most preferred method due to its efficiency and sustainability.
- The US leads in vertical farming adoption with strong financial backing and regulatory support.
The vertical farming market is poised for substantial growth, driven by the need to optimize agricultural land use amidst urbanization and climate change.
Utilizing advanced techniques like hydroponics, which conserves water and space, vertical farming ensures year-round production of high-quality crops in controlled environments. This method’s sustainability and efficiency make it a favored choice among commercial growers.
Vertical Farming Market to Triple by 2028, Led by US Innovations
Building-based vertical farms are particularly gaining traction due to their adaptability to various climates and efficient resource use. The United States stands out in this market, benefiting from a large population demanding fresh, locally grown produce, ample financial resources, and supportive regulations. Leading companies like AeroFarms and Plenty are spearheading the development of this innovative farming method.
Despite its benefits, the vertical farming industry faces challenges, including a shortage of skilled workers and limited crop variety. However, ongoing advancements and increased investment are likely to address these issues, expanding the range of crops that can be efficiently grown in vertical farms. Companies are continuously innovating to enhance system designs and reduce costs, making vertical farming a viable solution for future food production needs.
Vertical farming represents a sustainable and efficient solution to modern agricultural challenges, poised for rapid growth and broader adoption as technology advances and investments increase.
“Vertical farming reduces the water required to produce the same or higher number of crops. It also removes the chemicals and pesticides used to grow crops and diminishes the need for transportation.”
