Industry Overview
The European Market For Vertical Farming is expected to experience a robust growth rate of 21.6% CAGR throughout the forecast period. By the year 2030, it is projected that the market will reach a substantial size of USD 23.3 billion. the respective market was valued in 2023 was USD 10.6 billion.
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The Vertical farming technique helps the manufacturers in producing crops in vertically stacked columns and rows. The technique utilizes the controlled-environment agriculture (CEA) technology that helps in controlling humidity, nutrients, gases, temperature, and light. This technique causes less ecological influence and enables the manufacturer to utilize reduced water and energy than the customary farms. The manufacturers can efficiently utilize their resources and produce significantly more food with minimum consumption of land.
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 European 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 European 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
The vertical farming helps in producing the perfect arrangement of lettuce varieties and growing formulas that help in enhancing the quality and yields of crop. With the implementation of precise growing, formulas will help the manufacturers to achieve an increased yield on their investments. The technique is excessively used in Europe to grow lettuce varieties in order to the efficiency of crop production in a farm. This technique is also helping the manufacturers to effectively lessen radiations and transport associated costs.
Europe Vertical Farming Market Report Coverage
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Report Metric
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Details
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Historical Period
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2018 - 2023
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Base Year Considered
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2024
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Forecast Period
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2025 - 2030
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Market Size in 2023
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U.S.D. 10.6 Billion
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Revenue Forecast in 2030
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U.S.D. 23.3 Billion
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Growth Rate
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21.6%
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Segments Covered in the Report
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By Offering, By Growth Mechanism, By Structure and By Crop Type
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Report Scope
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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
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Regions Covered in the Report
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U.K., France, Sweden, Netherlands and Rest of Europe
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Industry Dynamics
Growth Drivers
The rising interest in ecologically sustainable cultivation of fresh fruits and vegetables, devoid of pesticides, is fueling the growth of the vertical farming industry in Europe. Organic food consumption is aiding individuals in mitigating symptoms related to allergies triggered by food or chemicals. The demand for organic foods is on the rise due to their enhanced nutritional content, including higher levels of antioxidants compared to conventionally grown alternatives.
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 Europe.
EUROPE VERTICAL FARMING MARKET HIGHLIGHT
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Geography Insight
Europe is the second-largest vertical farming market after North America as the technique is satisfying the needs of the urban population. The technique aims at delivering the crops where the consumption of this product is highly focused. The demand for vertical farming is increasing enormously in order to satisfy the demand for an enhanced urban population. The swelling ecological and cost-effective pressure to develop products such as lettuce in the location near to the residing place of end customers is expected to further strengthen the demand of this market in Europe.
Competitive Insight
Some of the key players operating in the European vertical farming market are AeroFarms, Gotham Greens, Bright Farms Inc., Vertical Harvest, Home Town Farms, Infinite Harvest Inc., Lufa Farms Inc., Beijing IEDA Protected Horticulture Co., Ltd., Farmed Here LLC, Garden Fresh Farms CSA, Metropolitan Farms, Green Sense Farms, and Green Spirit Farms.
The Europe 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
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
PRIMARY RESEARCH INTERVIEWS – BREAKDOWN
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