North America Vertical Farming Market is Expected to Grow at 29.2% in the Forecast Period of 2021 to 2028

The Vertical Farming Industry will relinquish an approximated estimate at a frequency of 29.2% for the projection space of 2021 to 2028 with factor such as technological advancements in the manufacturing sector.

Limited land availability for traditional agriculture is a major driver for growth of the vertical farming market. Stringent government guidelines for use of vertical farming in food are acting as major restraint to the vertical farming market.

Vertical Farming Market Scenario

According to Data Bridge Market Research, the market for vertical farming in the U.S. has the highest market share followed by Canada and Mexico. The market leader is Signify Holding which accounts an estimated market share of approximately 25% to 30%. The company has gained outstanding sales through their businesses of services, system and products. The market is witnessing continuous product integration and expanding their business in the market.

  • In August 2020, OSRAM GmbH’s brand Fluence brand has announced that it has partnered with Burnaby, British Columbia-based Quality Wholesale Ltd. which is a leading garden wholesaler specializing in the distribution of agricultural products throughout Canada. With this partnership, the company has expanded their business in Canada region.

 North America Vertical Farming MarketTrends Impacting the Vertical Farming Market

Now the question is which other regions Signify Holding, OSRAM GmbH and EVERLIGHT are targeting? Data Bridge Market Research has estimated a large growth in the U.S. vertical farming market and the market leaders targeting Canada and Mexico to be their next revenue pockets for 2021.

The vertical farming market is becoming more competitive every year with companies such as Signify Holding, OSRAM GmbH and EVERLIGHT as they are the market leaders for vertical farming. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the vertical farming market.

For more analysis on the vertical farming market, request for a briefing with our analysts

Vertical Farming Market Development

  • In March 2020, EVERLIGHT has released its new ELUC3535NUB series of UVC products based on a sapphire substrate. EVERLIGHT has invested and developed UVC and UVA LED technology for many years. This new launch has helped the company to expand their product portfolio.

Scope of the Vertical Farming Market

North America vertical farming market is segmented on the basis of countries into the U.S., Canada and Mexico.

All country-based analysis of North America vertical farming market is further analyzed based on further segmentation. On the basis of growth mechanism, the vertical farming market is segmented into hydroponics, aeroponics and aquaponics. On the basis of structure, the vertical farming market is segmented into shipping containers and building based. On the basis of type, the vertical farming market is segmented into biopesticides, biofertilizer and biostimulants. On the basis of crop type, the vertical farming market is segmented into leafy green, pollinated plants and nutraceutical plant. On the basis of application, the vertical farming market is segmented into indoor and outdoor. On the basis of component, the vertical farming market is segmented into lighting, hydroponic component, climate control and sensors.

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Key Pointers Covered in Vertical Farming Market Industry Trends and Forecast to 2028

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Regions
  • Sales Data for Market Competitors
  • Market Key Vendors and Disruptors Study

Key Market Competitors Covered in the Report

  • Signify Holding 
  • OSRAM GmbH
  • ZipGrow Inc.
  • Freight Farms, Inc.
  • Green Sense Farms Holdings, Inc.
  • AeroFarms
  • Valoya
  • InFarm – Indoor Urban Farming GmbH
  • CubicFarm Systems Corp.
  • AGM Services
  • Plenty Unlimited Inc.
  • Urban Crop Solutions
  • CropOne
  • Altius Farms
  • Heliospectra AB
  • Jain Irrigation Systems Ltd

Above are the key players covered in the report, to know about more and exhaustive list of vertical farming companies’, contact us

Research Methodology: North America Vertical Farming market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Industrial Experts, Product Engineers, Farming Consultants and Technical Experts
  • Supply Side: Original Equipment Manufacturers, Exporters, Distributors, Wholesalers and Retailers among others.

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