North America Vertical Farming Market Outlook, 2029

In vertical farming, crops are majorly grown indoors under an artificial setup of lighting and temperature control. Vertical farming technology significantly uses less water and pesticides compared to traditional farming. Being indoors, crops are not subject to seasons or any climate changes. Due to that, vertical farming gives high productivity year-round. Lettuces, tomatoes, and green crops can be commonly produced from the vertical farming process. For North America, increasing demand for organic food, growing urbanization across the region, and shrinking fertile lands are some of the driving factors for the vertical farming market. Arable land accounts for more than 25% of total land in North America. However, due to constant industrial development across the region, this ratio is projected to decrease. To overcome these threats, vertical farming can be an optimal option. The vertical farming market has gained significant momentum across the North American region. There has been a prominent rise in new manufacturers and start-ups offering innovative products at a competitive price. In addition to that, emerging businesses across the region are rapidly adopting enhancements in technologies such as artificial intelligence (AI), robotics, smart monitoring, and advanced sensors. For instance, Plenty Unlimited Inc. (a San Francisco agricultural-technical start-up) has constructed climate-controlled vertical farms with a higher investment of USD 400 million. AI robots are used by the startup to control lighting, temperature, and watering for the plants. They also monitor growth patterns for the crops.

According to the research report "North America Vertical farming Market Overview, 2029," published by Bonafide Research, the North America Vertical farming market was valued at more than USD 1.91 Billion in 2023. The rising awareness pertaining to the benefits of vertical farming has emerged as the key industry across the North American market. Since vertical farming does not depend on weather, it allows farmers to achieve consistent annual crop production. Vertical farming increases production by nearly 240 times while requiring 99% less land and water. Further, the North American vertical farming market is segmented into three prominent countries, including the United States of America (USA), Canada, and Mexico. Among these countries, the USA is projected to lead the overall market during the forecast period. For the North American market, the USA accounts for more than 40% of market share in 2023; for the global market, the USA accounts for more than 10% of market share.

The vertical farming market in North America is rapidly evolving, with the growth mechanisms of hydroponic, aeroponic, and aquaponic systems playing pivotal roles in shaping the industry. Hydroponics leads as the most widely adopted method due to its efficient use of water and space, allowing for soil-less cultivation in controlled environments. This technique is particularly suited for growing leafy greens, herbs, and microgreens, which are in high demand across urban areas for their freshness and sustainability. Hydroponic systems are favored by commercial farmers because they offer high yields and can be scaled to meet increasing demand for local produce. Aeroponics, which uses a mist to deliver nutrients directly to plant roots, is gaining traction for its advanced efficiency in water and nutrient use. This method promotes faster growth rates and allows plants to thrive with minimal resource input, making it a popular choice for high-tech vertical farms focusing on innovation and sustainability. Aquaponics, combining fish farming with hydroponic plant cultivation, is slowly carving out a niche within the market. Its closed-loop system, where fish waste provides nutrients for plants, aligns with the region’s growing emphasis on eco-friendly and sustainable farming practices. Aquaponics is particularly appealing to small-scale and organic farmers looking to implement zero-waste solutions.

The vertical farming market in North America, segmented by structure type, is experiencing significant growth, with both building-based and container-based systems playing crucial roles. Building-based vertical farms, typically housed in warehouses or unused urban spaces, are increasingly popular due to their scalability and the ability to cultivate crops on a large scale, particularly in densely populated cities. These structures allow for highly controlled environments where crops can be grown year-round, ensuring consistent quality and reducing the reliance on seasonal changes. This model appeals to commercial farmers looking to meet the growing demand for fresh, locally produced food in urban centers, where space is limited and traditional agriculture is impractical. On the other hand, container-based farming is gaining traction due to its portability and flexibility. These systems, often built inside repurposed shipping containers, are ideal for smaller-scale operations and can be deployed in various locations, including remote or urban settings. They offer a cost-effective solution for startups and individual entrepreneurs looking to tap into the local food movement. The portability of container farms also enables them to be easily integrated into communities with limited access to fresh produce, helping address food security issues.

Covid-19 Impact:
Covid-19 has a significant impact on supply chains and logistics, causing a major threat to accessing fresh and nutritious food. Across the North American region, urban farming activities have the potential to contribute to nutritious food and reduce food consumption. Due to social distancing norms and lockdown situations imposed by the various governments across the region, many production units remained shut. However, staying at home changed many consumers’ preferences regarding health and food. These factors have accelerated the demand for organic food across the region. These factors are anticipated to fuel the market's growth during the forecast period.



Considered in this report
• Geography: North America
• Historic Year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• North America Vertical Farming Market with its value and forecast along with its segments
• Country wise Vertical Farming market analysis
• Application wise Vertical Farming distribution
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report
• US
• Canada
• Mexico

Based on Growth Mechanism of vertical farming in the report:
• Hydroponics
• Aeroponics
• Aquaponics

Based on structure type of vertical farming in the report:
• Building based-vertical farming
• Shipping based-vertical farming

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to agricultural industry, food & beverage industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.