Agriculture
The global vertical farming market size reached US$ 5.6 Billion in 2023. As per the analysis by IMARC Group, the leading companies in the vertical farming industry are tackling excessive demand due to the growing adoption of environment-friendly production of fruits and vegetables. They are also manufacturing vertical farming setups integrated with artificial lighting, hydroponic components, and sensors to maintain a suitable environment for the proper growth of plants effectively. Key market players are also developing nutrient, humidity, and light sensors to monitor the growth of plants. They are creating software enabled by the internet of things (IoT), which can identify a grower, crop batch, land, or field and supplier information for fruits and vegetables. Leading companies are offering aquaponics, which is the amalgamation of hydroponics and aquaculture to eliminate the need for harmful chemicals in cultivation procedures. Looking forward, the market value is expected to reach US$ 33.3 Billion by 2032, exhibiting a growth rate (CAGR) of 21.41% during 2024-2032.
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The global vertical farming market has several major players, including AeroFarms LLC, American Hydroponics, Inc. (AmHydro), Everlight Electronics Co., Ltd., Freight Farms, Inc., Gronska Standsodling 365 AB, Heliospectra AB, Jones Food Company Limited, Koninklijke Philips N.V., ams-OSRAM AG, Signify Holding B.V., Urban Crop Solutions BV, and Vertical Farm Systems Pty Ltd. More information about these companies has been provided below.
Establishment: |
2004 |
Headquarters: |
Newark, New Jersey |
Website: |
https://www.aerofarms.com/ |
AeroFarms LLC is an award-winning vertical farming company that is solving complications faced by farmers in current-day scenarios effectively. The company focuses on developing appropriate methodologies to grow real food for elevated flavor and a brighter future. It is a Certified B corporation that utilizes the latest breakthroughs in the indoor vertical farming segment. It also has a proprietary agriculture platform to grow various products, deliver high-quality flavor, and improve nutrition.
Establishment: |
1984 |
Headquarters: |
California, United States |
Website: |
https://amhydro.com/ |
American Hydroponics, Inc. (AmHydro) is a leading company in commercial hydroponic systems and horticulture consulting. It focuses on developing hydroponic setups for sustainable food production with high-quality HDPE systems. It also manufactures a wide variety of hydroponic parts and supplies that can be bought and employed for effective plant growth.
Establishment: |
1983 |
Headquarters: |
New Taipei City, Taiwan |
Website: |
https://en.everlight.com/ |
Everlight Electronics Co., Ltd. is one of the leading players in the global LED industry. It focuses on conducting extensive research and development (R&D) activities to maintain product quality and manufacturing efficiency. It also provides infrared LED products and sensors, which include ambient light sensors, proximity sensors, and color sensors.
Establishment: |
2013 |
Headquarters: |
Boston, Massachusetts |
Website: |
https://www.freightfarms.com/ |
Freight Farms, Inc. is prioritizing the accessibility of healthy food products for everyone with its complete platform of products and services. It focuses on manufacturing new technology inside shipping containers, which are widely available, and also allows farms to exist in areas that could not support traditional farming. It is also investing in developing agriculture technology to build a sustainable future.
Establishment: |
2014 |
Headquarters: |
Stockholm, Sweden |
Website: |
https://www.gronska.org/ |
Gronska Standsodling 365 AB focuses on developing, building, and testing vertical farming technology to enable local farmers to grow greens sustainably. The company comprises multidisciplinary teams of farmers, developers, designers, business developers, and researchers to offer top-notch technology for making food production sustainable. It also produces a wide variety of food products that consumers can buy from grocery stores in Stockholm.
Establishment: |
2006 |
Headquarters: |
Goteborg |
Website: |
https://www.heliospectra.com/ |
Heliopspectra AB is passionately building and transforming the horticulture market and finding new sustainable solutions to feed and heal the world. It is focused on making crop production more intelligent and resource-efficient and manufactures innovative horticulture lighting technology. It plans to redefine the potential of nature via innovation, technology, and meaningful partnerships with its growers.
Establishment: |
2016 |
Headquarters: |
Scunthorpe, Lincolnshire |
Website: |
https://www.jonesfoodcompany.co.uk/ |
Jones Food Company Limited focuses on designing cortical farming setups primarily for the bulk production of fruits and vegetables for the increasing population. The company designs, builds, and operates world-scale vertical farms by growing the highest quality fresh produce locally, sustainably, and affordably. It also builds indoor hydroponic farms for growing fresh produce in a completely controlled internal environment.
Establishment: |
1891 |
Headquarters: |
Amsterdam, Netherlands |
Website: |
https://www.philips.com/global |
Koninklijke Philips N.V. focuses on improving the lives of people with meaningful innovation and preventing the occurrence of diseases. The company operates sustainably to high environmental, social, and governance (ESG) standards. It manufactures a wide variety of consumer products, including grooming kits, medical devices, display solutions, automotive, lighting, and hearing solutions.
Establishment: |
1906 |
Headquarters: |
Austria |
Website: |
https://ams-osram.com/ |
ams-OSRAM AG specializes in providing high-quality optical solutions with innovative products and technology portfolios for illumination, visualization, and sensing. The company manufactures top-quality light emitters, light sensors, micro modules, and other optical components. It also ensures careful utilization of resources, environmental protection, health and safety, and compliance with human rights through its value chain.
Establishment: |
1891 |
Headquarters: |
Eindhoven, North Brabant |
Website: |
https://www.signify.com/global |
Signify Holding B.V. is one of the leading manufacturers of lighting solutions for professionals, consumers, and the Internet of Things. The company focuses on making energy-efficient lighting products, systems, and services that enable customers to enjoy a superior quality of life. It also heavily invests in research and development (R&D) activities to stay at the forefront of technological development and innovate LED lighting.
Establishment: |
2014 |
Headquarters: |
Belgium |
Website: |
https://urbancropsolutions.com/ |
Urban Crop Solutions BV specializes in advancing agriculture with technology for a better and more sustainable food supply chain. The company develops smart solutions with advanced agricultural techniques and indoor farming to minimize the mounting pressure of climate change and urbanization on our existing food supply chain. It also invests in state-of-the-art research activities for developing applications ranging from staple foods to space exploration missions.
Establishment: |
2009 |
Headquarters: |
Queensland, Australia |
Website: |
https://verticalfarms.com.au/ |
Vertical Farm Systems Pty Ltd focuses on building innovative automated livestock fodder growing systems that are capable of delivering enough fodder to feed an extensive herd of cattle and chickens every day. The company is investing in developing effective Bioponic microbiology methods to produce Barley Grass with higher metabolizable energy. It is also specializing in the manufacture and distribution of highly automated modular designs for warehouse systems to fulfill the weekly harvest needs.
About Author:
Shree Basu Shree Basu is an experienced content writer with a passion for researching about diverse markets, ranging from technology to chemistry to agriculture. She has around two years of experience in different aspects of market research and has worked with multiple startups and enterprises in the B2B, B2C, and retail industries. In her free time, Shree enjoys reading, feeding stray animals, and watching crime documentaries. |
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