North America Vertical Farming Market Trends, Size, Segment and Growth by Forecast to 2030

Market Overview and Dynamics: North America Vertical Farming

The North American vertical farming market is projected to grow from US$ 1,469.4 million in 2021 to US$ 6,523.6 million by 2028, at a CAGR of 25.7%. This growth is driven by the rising demand for organic food and the numerous advantages vertical farming offers over traditional methods—such as higher yields, minimal land use, and reduced water consumption.

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Technological advancements, especially AI-driven systems and controlled environment agriculture, are further accelerating market growth. Vertical farming enables year-round crop production regardless of climate, and it’s increasingly being adopted in urban settings like warehouses and shipping containers.

While high setup and maintenance costs remain a challenge, the push for sustainable agriculture, efficient water recycling, and the demand for fresh, local produce—particularly post-COVID—are strong growth drivers. Recovery from pandemic-related disruptions and a rising focus on eco-friendly practices continue to support the market’s expansion across the US, Canada, and Mexico.

North America Vertical Farming Report Scope

North America Vertical Farming Strategic Insights

Strategic insights for the North America Vertical Farming provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Vertical Farming Regional Insights

The geographic scope of the North America Vertical Farming refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

Key Market Segments

Based on type, the North America vertical farming market is segmented into hydroponics, aeroponics, and aquaponics. The hydroponics segment led the highest share of the vertical farming market in 2021, however, the aeroponics segment is expected to account the largest share of the market by 2021-2028.

Based on component, the North America vertical farming market is bifurcated into lighting, sensor, climate control, irrigation component, building material, and others. In 2021, the lighting segment is likely to hold the largest share of the market, however climate control is expected to grow at the fastest rate during the coming years.

Major Sources and Companies Listed

A few of the primary and secondary sources associated with this report on the North America vertical farming market are the World Health Organization (WHO) and US Department of Agriculture (USDA).

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NORTH AMERICA VERTICAL FARMING MARKET SEGMENTATION

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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights