Delray Beach, FL, June 13, 2025 (GLOBE NEWSWIRE) — The report “Vertical Farming Market by Growth Mechanism (Hydroponics, Aeroponics, and Aquaponics); Technology (Lighting, Hydroponic Components, Climate Control, and Sensors); Building-based and Shipping Container-based Vertical Farms – Global Forecast to 2029″, The vertical farming market in the US was valued at USD 1.11 billion in 2024 and is projected to reach USD 2.55 billion by 2029; it is expected to register a CAGR of 18.2% during the forecast period.
Multiple factors drive the US vertical farming market such as decreasing arable land, increasing consumer demand for local pesticide-free produce, and improved hydroponic, aeroponic, and aquaponic technology capabilities. Moreover, rising investments in controlled environment agriculture (CEA) combined with increased adoption of automation and artificial intelligence in farming solutions further boost market growth. Furthermore, growing demand for climate-resilient farming systems and government backing for sustainable and urban farming projects further drive market expansion across the country.
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List of Players in the Vertical Farming Industry:
- Signify Holding (Netherlands),
- Freight Farms (US),
- AeroFarms (US),
- Sky Greens (Singapore),
- Spread (Japan),
- Plenty (US),
- Valoya (Finland),
- Everlight Electronics (Taiwan), and
- Heliospectra AB (Sweden).
US Vertical Farming Market Segmentation:
Building-based vertical farms are likely to dominate the US vertical farming market between 2024 and 2029.
Building-based vertical farms are expected to dominate the US vertical farming market because they can work in every site without environmental constraints thus benefitting cities and areas where fertile land availability is minimal. Vertical stacking in these …