Vertical Farming Market Size and Share

The global vertical farming market size reached US$ 6.4 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 41.5 billion in 2032, exhibiting a growth rate (CAGR) of 23.1% during 2024-2032.

Vertical farming is an agricultural practice that involves cultivating crops in stacked or inclined layers within controlled indoor environments. Its primary goal is to maximize space usage and enhance crop production efficiency. In contrast to conventional horizontal farming, which spreads crops across expansive fields, vertical farming employs multiple tiers, shelves, or towers to foster crop growth within a more compact space.