Asia-Pacific Vertical Farming Market

Industry Overview

By 2030, the Asia-Pacific Vertical Farming Market is projected to expand at a compound annual growth rate (CAGR) of 22.1%, ultimately attaining a market size of USD 4.1 billion. In 2023 the respective market was USD 0.6 billion. This forecast underscores the substantial growth potential of the vertical farming industry in the Asia-Pacific region.

The Vertical farming technique uses a (controlled-environment agriculture) CEA technology to preserve the environment and produce the crops even in densely populated areas of the city. This eliminates the excessive expenditure to be incurred on a rain-forest and helps in fulfilling the ever-increasing demand for crops amongst the increasing population of Asia-Pacific.

Market Segmentation

Insight by Offering

Hardware and software are the offerings provided by the vertical farming market. Of both the categories, the demand for hardware is larger in the market and is also anticipated to grow at a higher CAGR during the forecast period. The hardware type is further segmented into lighting, hydroponics component, climate control, and sensors. Lighting type is further segmented as grow lights, grow light reflectors and grow light ballasts. Similarly, the hydroponics component is further segmented as pumps and irrigation, meters and solutions, water filtration and others. The climate control hardware type is further categorized as ventilation fans, air purification, and others. Additionally, the sensors are further categorized as temperature sensors, CO2 sensors, nutrient sensor, PH sensor, crop sensors, and others.

Insight by Growth Mechanism

On the basis of growth mechanism, the Asia-Pacific vertical farming market is categorized into aeroponics, hydroponics, and aquaponics. Of all, hydroponics holds the largest share in the European vertical farming market.

Insight by Structure

Based on the structure, the Asia-Pacific vertical farming market is categorized into building-based vertical farms and shipping container vertical farms. The technique is largely used for growing several crops such as lettuce, pepper, broccoli, cucumber, spinach, tomato, and others.

Insight by Crop Type

Based on crop type, the vertical farming market is categorized into broccoli, pepper, tomato, spinach, cucumber, lettuce, and others. Lettuce is the most grown crop in vertical farm and the demand for vertical farm products is anticipated to be the highest for this crop type during the forecast period.

The use of vertical farming in Asia-Pacific is helping the commercial growers to automate tasks such as nurturing seedlings that help in essentially reducing labor costs that further helps in enhancing the profitability of the manufacturers. The use of this technique is helping the region to reduce the use of water at the minimum threshold. The vertical farming technique is used for developing leafy green vegetables in this region. The technique is helping the region to develop adequate produce in order to satisfy the huge number of population.

Asia-Pacific Vertical Farming Market Report Coverage

Report Metric	Details
Historical Period	2018 - 2023
Base Year Considered	2024
Forecast Period	2025 - 2030
Market Size in 2023	U.S.D.  0.6 Billion
Revenue Forecast in 2030	U.S.D.  4.1 Billion
Growth Rate	22.1%
Segments Covered in the Report	By Offering, By Growth Mechanism, By Structure and By Crop Type
Report Scope	Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
Regions Covered in the Report	China Japan India South Korea Rest of Asia-Pacific

Industry Dynamics

Growth Drivers

The rising desire for ecologically sustainable cultivation of fresh produce without the reliance on pesticides is fueling the growth of the vertical farming industry in the Asia-Pacific region. The growing popularity of organic food consumption is aiding individuals in mitigating symptoms associated with food or chemical allergies.

Moreover, the geographical opportunities of vertical farming in Asia-Pacific are creating enhanced opportunities for the vertical farming market to grow exponentially. The region of Asia-Pacific is providing various opportunities to develop such building-based vertical farms and shipping container vertical farms. The region aims at supplying large pounds of pesticide-free crops and also saves the water consumption of the region since the vertical farming technique requires less water than the customary farming system.

Challenges

The high initial investments in vertical farming and limitations on the variety of crops grown are the major restraints observed in the growth of the vertical farming market in Asia-Pacific.

ASIA-PACIFIC VERTICAL FARMING MARKET HIGHLIGHT

Geography Insight

Asia-Pacific is observed to witness the fastest growth in the market. As the region comprises of largest population and they require a technique to meet the demand of this ever-increasing population. Moreover, this region is considered to be very adaptive in implementing the vertical farming technique and any new technology in the region. Thus, the demand for vertical farming in the region will expand significantly in the near future.

Competitive Insight

Some of the key players operating in the Asia-Pacific vertical farming market are Koninklijke Philips N.V., OSRAM GmbH, Illumitex, GE, Valoya Oy, Everlight Electronics Co. Ltd., Epistar Corporation, LumiGrow Inc., LEDHydroponics, Fionia Lighting, NET LED Limited, Apollo Horticulture, Grow LED Hydro, California LightWorks, Kessil, Kind LED Grow Lights, Spectrum King LED Grow Lights, Sunprou Opto-Technology Co. Ltd. and Shenzhen Jing Chuang Xing Technology Co., Ltd.

The Asia-Pacific Vertical Farming Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

• By Offering
  • Hardware
    • Climate Control
      • Air Purification
      • Ventilation Fans
      • Others
    • Lighting
      • Grow Light Reflectors
      • Grow Light Ballasts
      • Grow Lights
    • Sensors
      • PH Sensors
      • Nutrient Sensors
      • Crop Sensors
      • CO2 Sensors
      • Temperature Sensors
      • Others
    • Hydroponic Component
      • Meters and Solutions
      • Pumps and Irrigation
      • Water Filters
      • Others
  • Software
• By Growth Mechanism
  • Aeroponics
  • Hydroponics
  • Aquaponics
• By Structure
  • Building-Based
  • Shipping Container
• By Crop Type
  • Broccoli
  • Pepper
  • Tomato
  • Spinach
  • Cucumber
  • Lettuce
  • Others

• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific

PRIMARY RESEARCH INTERVIEWS – BREAKDOWN

1. Research Overview

1.1. The Report Offers

1.2. Market Coverage

1.2.1. By Offering

1.2.2. By Growth Mechanism

1.2.3. By Structure

1.2.4. By Crop Type

1.2.5. By Country

1.3. Research Phases

1.4. Limitations

1.5. Market Size Estimations and Forecast

1.5.1. Data Sources

1.5.1.1. Primary Research

1.5.1.2. Secondary Research

1.5.2. Methodology

1.5.2.1. Data Exploration

1.5.2.2. Forecast Parameters

1.5.2.3. Data Validation

1.5.2.4. Assumptions

1.5.3. Study Period & Data Reporting Unit

2. Executive Summary

3. Market Definition

3.1. By Offering

3.1.1. Hardware

3.1.1.1. Climate Control

3.1.1.1.1.  Air Purification

3.1.1.1.2.  Ventilation Fans

3.1.1.1.3.  Others

3.1.1.2. Lighting

3.1.1.2.1.  Grow Light Reflectors

3.1.1.2.2.  Grow Light Ballasts

3.1.1.2.3.  Grow Lights

3.1.1.3. Sensors

3.1.1.3.1.  PH Sensors

3.1.1.3.2.  Nutrient Sensors

3.1.1.3.3.  Crop Sensors

3.1.1.3.4.  CO2 Sensors

3.1.1.3.5.  Temperature Sensors

3.1.1.3.6.  Others

3.1.1.4. Hydroponic Component

3.1.1.4.1.  Meters and Solutions

3.1.1.4.2.  Pumps and Irrigation

3.1.1.4.3.  Water Filters

3.1.1.4.4.  Others

3.1.2. Software

3.2. By Growth Mechanism

3.2.1. Aeroponics

3.2.2. Hydroponics

3.2.3. Aquaponics

3.3. By Structure

3.3.1. Building-Based

3.3.2. Shipping Container

3.4. By Crop Type

3.4.1. Broccoli

3.4.2. Pepper

3.4.3. Tomato

3.4.4. Spinach

3.4.5. Cucumber

3.4.6. Lettuce

3.4.7. Others

4. Industry Overview

4.1. Industry Dynamics

4.1.1. Market Growth Drivers

4.1.2. Market Growth Restraints

4.1.3. Key Market Trends

4.1.4. Major Opportunities

4.2. Industry Ecosystem

4.2.1. Porter’s Five Forces Analysis

4.2.2. Strategic Development Analysis

4.2.3. Value Chain Analysis

4.3. Competitive Insight

4.3.1. Competitive Position of Industry Players

4.3.2. Market Attractive Analysis

5. Asia-Pacific Market Estimate and Forecast

5.1. By Offering

5.2. By Growth Mechanism

5.3. By Structure

5.4. By Crop Type

5.5. By Country

6. China Market Estimate and Forecast

6.1. By Offering

6.2. By Growth Mechanism

6.3. By Structure

6.4. By Crop Type

7. Japan Market Estimate and Forecast

7.1. By Offering

7.2. By Growth Mechanism

7.3. By Structure

7.4. By Crop Type

8. Singapore Market Estimate and Forecast

8.1. By Offering

8.2. By Growth Mechanism

8.3. By Structure

8.4. By Crop Type

9. Taiwan Market Estimate and Forecast

9.1. By Offering

9.2. By Growth Mechanism

9.3. By Structure

9.4. By Crop Type

10. Rest of Asia-Pacific Market Estimate and Forecast

10.1. By Offering

10.2. By Growth Mechanism

10.3. By Structure

10.4. By Crop Type

11. Company Profiles

11.1. Koninklijke Philips N.V.

11.1.1. Snapshot

11.1.2. Overview

11.1.3. Offerings

11.1.4. Financial Insight

11.1.5. Recent Developments

11.2. OSRAM GmbH

11.2.1. Snapshot

11.2.2. Overview

11.2.3. Offerings

11.2.4. Financial Insight

11.2.5. Recent Developments

11.3. Illumitex

11.3.1. Snapshot

11.3.2. Overview

11.3.3. Offerings

11.3.4. Financial Insight

11.3.5. Recent Developments

11.4. GE

11.4.1. Snapshot

11.4.2. Overview

11.4.3. Offerings

11.4.4. Financial Insight

11.4.5. Recent Developments

11.5. Valoya Oy

11.5.1. Snapshot

11.5.2. Overview

11.5.3. Offerings

11.5.4. Financial Insight

11.5.5. Recent Developments

11.6. Everlight Electronics Co. Ltd.

11.6.1. Snapshot

11.6.2. Overview

11.6.3. Offerings

11.6.4. Financial Insight

11.6.5. Recent Developments

11.7. Epistar Corporation

11.7.1. Snapshot

11.7.2. Overview

11.7.3. Offerings

11.7.4. Financial Insight

11.7.5. Recent Developments

11.8. LumiGrow Inc.

11.8.1. Snapshot

11.8.2. Overview

11.8.3. Offerings

11.8.4. Financial Insight

11.8.5. Recent Developments

11.9. LEDHydroponics

11.9.1. Snapshot

11.9.2. Overview

11.9.3. Offerings

11.9.4. Financial Insight

11.9.5. Recent Developments

11.10. Fionia Lighting

11.10.1.  Snapshot

11.10.2.  Overview

11.10.3.  Offerings

11.10.4.  Financial Insight

11.10.5.  Recent Developments

11.11. NET LED Limited

11.11.1.  Snapshot

11.11.2.  Overview

11.11.3.  Offerings

11.11.4.  Financial Insight

11.11.5.  Recent Developments

11.12. Apollo Horticulture

11.12.1.  Snapshot

11.12.2.  Overview

11.12.3.  Offerings

11.12.4.  Financial Insight

11.12.5.  Recent Developments

11.13. Grow LED Hydro

11.13.1.  Snapshot

11.13.2.  Overview

11.13.3.  Offerings

11.13.4.  Financial Insight

11.13.5.  Recent Developments

11.14. California LightWorks

11.14.1.  Snapshot

11.14.2.  Overview

11.14.3.  Offerings

11.14.4.  Financial Insight

11.14.5.  Recent Developments

11.15. Kessil

11.15.1.  Snapshot

11.15.2.  Overview

11.15.3.  Offerings

11.15.4.  Financial Insight

11.15.5.  Recent Developments

11.16. Kind LED Grow Lights

11.16.1.  Snapshot

11.16.2.  Overview

11.16.3.  Offerings

11.16.4.  Financial Insight

11.16.5.  Recent Developments

11.17. Spectrum King LED Grow Lights

11.17.1.  Snapshot

11.17.2.  Overview

11.17.3.  Offerings

11.17.4.  Financial Insight

11.17.5.  Recent Developments

11.18. Sunprou Opto-Technology Co. Ltd.

11.18.1.  Snapshot

11.18.2.  Overview

11.18.3.  Offerings

11.18.4.  Financial Insight

11.18.5.  Recent Developments

11.19. Shenzhen Jing Chuang Xing Technology Co., Ltd.

11.19.1.  Snapshot

11.19.2.  Overview

11.19.3.  Offerings

11.19.4.  Financial Insight

11.19.5.  Recent Developments

Note: Financial insight and recent developments are subject to availability of information in secondary domain.

12. Appendix

12.1. Exchange Rates

12.2. Abbreviations

List of Tables

Table 1 Sources

Table 2 Study Periods

Table 3 Data Reporting Unit

Table 4 Asia-Pacific Vertical Farming Market Size, by Offering, 2018 - 2023(USD Billion)

Table 5 Asia-Pacific Vertical Farming Market Size, by Offering,2025 - 2030(USD Billion)

Table 6 Asia-Pacific Vertical Farming Market Size, by Growth Mechanism, 2018 - 2023(USD Billion)

Table 7 Asia-Pacific Vertical Farming Market Size, by Growth Mechanism,2025 - 2030(USD Billion)

Table 8 Asia-Pacific Vertical Farming Market Size, by Structure, 2018 - 2023(USD Billion)

Table 9 Asia-Pacific Vertical Farming Market Size, by Structure,2025 - 2030(USD Billion)

Table 10 Asia-Pacific Vertical Farming Market Size, by Crop Type, 2018 - 2023(USD Billion)

Table 11 Asia-Pacific Vertical Farming Market Size, by Crop Type,2025 - 2030(USD Billion)

Table 12 Asia-Pacific Vertical Farming Market Size, by Country, 2018 - 2023(USD Billion)

Table 13 Asia-Pacific Vertical Farming Market Size, by Country,2025 - 2030(USD Billion)

Table 14 China Vertical Farming Market Size, by Offering, 2018 - 2023(USD Billion)

Table 15 China Vertical Farming Market Size, by Offering,2025 - 2030(USD Billion)

Table 16 China Vertical Farming Market Size, by Growth Mechanism, 2018 - 2023(USD Billion)

Table 17 China Vertical Farming Market Size, by Growth Mechanism,2025 - 2030(USD Billion)

Table 18 China Vertical Farming Market Size, by Structure, 2018 - 2023(USD Billion)

Table 19 China Vertical Farming Market Size, by Structure,2025 - 2030(USD Billion)

Table 20 China Vertical Farming Market Size, by Crop Type, 2018 - 2023(USD Billion)

Table 21 China Vertical Farming Market Size, by Crop Type,2025 - 2030(USD Billion)

Table 22 Japan Vertical Farming Market Size, by Offering, 2018 - 2023(USD Billion)

Table 23 Japan Vertical Farming Market Size, by Offering,2025 - 2030(USD Billion)

Table 24 Japan Vertical Farming Market Size, by Growth Mechanism, 2018 - 2023(USD Billion)

Table 25 Japan Vertical Farming Market Size, by Growth Mechanism,2025 - 2030(USD Billion)

Table 26 Japan Vertical Farming Market Size, by Structure, 2018 - 2023(USD Billion)

Table 27 Japan Vertical Farming Market Size, by Structure,2025 - 2030(USD Billion)

Table 28 Japan Vertical Farming Market Size, by Crop Type, 2018 - 2023(USD Billion)

Table 29 Japan Vertical Farming Market Size, by Crop Type,2025 - 2030(USD Billion)

Table 30 Singapore Vertical Farming Market Size, by Offering, 2018 - 2023(USD Billion)

Table 31 Singapore Vertical Farming Market Size, by Offering,2025 - 2030(USD Billion)

Table 32 Singapore Vertical Farming Market Size, by Growth Mechanism, 2018 - 2023(USD Billion)

Table 33 Singapore Vertical Farming Market Size, by Growth Mechanism,2025 - 2030(USD Billion)

Table 34 Singapore Vertical Farming Market Size, by Structure, 2018 - 2023(USD Billion)

Table 35 Singapore Vertical Farming Market Size, by Structure,2025 - 2030(USD Billion)

Table 36 Singapore Vertical Farming Market Size, by Crop Type, 2018 - 2023(USD Billion)

Table 37 Singapore Vertical Farming Market Size, by Crop Type,2025 - 2030(USD Billion)

Table 38 Taiwan Vertical Farming Market Size, by Offering, 2018 - 2023(USD Billion)

Table 39 Taiwan Vertical Farming Market Size, by Offering,2025 - 2030(USD Billion)

Table 40 Taiwan Vertical Farming Market Size, by Growth Mechanism, 2018 - 2023(USD Billion)

Table 41 Taiwan Vertical Farming Market Size, by Growth Mechanism,2025 - 2030(USD Billion)

Table 42 Taiwan Vertical Farming Market Size, by Structure, 2018 - 2023(USD Billion)

Table 43 Taiwan Vertical Farming Market Size, by Structure,2025 - 2030(USD Billion)

Table 44 Taiwan Vertical Farming Market Size, by Crop Type, 2018 - 2023(USD Billion)

Table 45 Taiwan Vertical Farming Market Size, by Crop Type,2025 - 2030(USD Billion)

Table 46 Rest of Asia-Pacific Vertical Farming Market Size, by Offering, 2018 - 2023(USD Billion)

Table 47 Rest of Asia-Pacific Vertical Farming Market Size, by Offering,2025 - 2030(USD Billion)

Table 48 Rest of Asia-Pacific Vertical Farming Market Size, by Growth Mechanism, 2018 - 2023(USD Billion)

Table 49 Rest of Asia-Pacific Vertical Farming Market Size, by Growth Mechanism,2025 - 2030(USD Billion)

Table 50 Rest of Asia-Pacific Vertical Farming Market Size, by Structure, 2018 - 2023(USD Billion)

Table 51 Rest of Asia-Pacific Vertical Farming Market Size, by Structure,2025 - 2030(USD Billion)

Table 52 Rest of Asia-Pacific Vertical Farming Market Size, by Crop Type, 2018 - 2023(USD Billion)

Table 53 Rest of Asia-Pacific Vertical Farming Market Size, by Crop Type,2025 - 2030(USD Billion)

Table 54 Snapshot – Koninklijke Philips N.V.

Table 55 Snapshot – OSRAM GmbH

Table 56 Snapshot – Illumitex

Table 57 Snapshot – GE

Table 58 Snapshot – Valoya Oy

Table 59 Snapshot – Everlight Electronics Co. Ltd.

Table 60 Snapshot – Epistar Corporation

Table 61 Snapshot – LumiGrow Inc.

Table 62 Snapshot – LEDHydroponics

Table 63 Snapshot – Fionia Lighting

Table 64 Snapshot – NET LED Limited

Table 65 Snapshot – Apollo Horticulture

Table 66 Snapshot – Grow LED Hydro

Table 67 Snapshot – California LightWorks

Table 68 Snapshot – Kessil

Table 69 Snapshot – Kind LED Grow Lights

Table 70 Snapshot – Spectrum King LED Grow Lights

Table 71 Snapshot – Sunprou Opto-Technology Co. Ltd.

Table 72 Snapshot – Shenzhen Jing Chuang Xing Technology Co., Ltd.

List of Figures

Figure 1   Market Coverage

Figure 2   Research Phases

Figure 3   Secondary Offerings for Different Parameters

Figure 4   Methodology

Figure 5   Data Mining & Exploration

Figure 6   Data Triangulation

Figure 7   Assumptions for Market Estimation and Forecast

Figure 8   Market Synopsis

Figure 9   Asia-Pacific Vertical Farming Market - Growth Drivers and Restraints

Figure 10   Competitive Benchmark

Figure 11   Asia-Pacific Vertical Farming Market Highlight

Figure 12   Asia-Pacific Vertical Farming Market Size, by Offering, 2018 - 2030 (USD Billion)

Figure 13   Asia-Pacific Vertical Farming Market Size, by Growth Mechanism, 2018 - 2030 (USD Billion)

Figure 14   Asia-Pacific Vertical Farming Market Size, by Structure, 2018 - 2030 (USD Billion)

Figure 15   Asia-Pacific Vertical Farming Market Size, by Crop Type, 2018 - 2030 (USD Billion)

Figure 16   Asia-Pacific Vertical Farming Market Size, by Country, 2018 - 2030 (USD Billion)

Figure 17   China Vertical Farming Market Size, by Offering, 2018 - 2030 (USD Billion)

Figure 18   China Vertical Farming Market Size, by Growth Mechanism, 2018 - 2030 (USD Billion)

Figure 19   China Vertical Farming Market Size, by Structure, 2018 - 2030 (USD Billion)

Figure 20   China Vertical Farming Market Size, by Crop Type, 2018 - 2030 (USD Billion)

Figure 21   Japan Vertical Farming Market Size, by Offering, 2018 - 2030 (USD Billion)

Figure 22   Japan Vertical Farming Market Size, by Growth Mechanism, 2018 - 2030 (USD Billion)

Figure 23   Japan Vertical Farming Market Size, by Structure, 2018 - 2030 (USD Billion)

Figure 24   Japan Vertical Farming Market Size, by Crop Type, 2018 - 2030 (USD Billion)

Figure 25   Singapore Vertical Farming Market Size, by Offering, 2018 - 2030 (USD Billion)

Figure 26   Singapore Vertical Farming Market Size, by Growth Mechanism, 2018 - 2030 (USD Billion)

Figure 27   Singapore Vertical Farming Market Size, by Structure, 2018 - 2030 (USD Billion)

Figure 28   Singapore Vertical Farming Market Size, by Crop Type, 2018 - 2030 (USD Billion)

Figure 29   Taiwan Vertical Farming Market Size, by Offering, 2018 - 2030 (USD Billion)

Figure 30   Taiwan Vertical Farming Market Size, by Growth Mechanism, 2018 - 2030 (USD Billion)

Figure 31   Taiwan Vertical Farming Market Size, by Structure, 2018 - 2030 (USD Billion)

Figure 32   Taiwan Vertical Farming Market Size, by Crop Type, 2018 - 2030 (USD Billion)

Figure 33   Rest of Asia-Pacific Vertical Farming Market Size, by Offering, 2018 - 2030 (USD Billion)

Figure 34   Rest of Asia-Pacific Vertical Farming Market Size, by Growth Mechanism, 2018 - 2030 (USD Billion)

Figure 35   Rest of Asia-Pacific Vertical Farming Market Size, by Structure, 2018 - 2030 (USD Billion)

Figure 36   Rest of Asia-Pacific Vertical Farming Market Size, by Crop Type, 2018 - 2030 (USD Billion)