North America Vertical Farming Market Size, Share, and COVID-19 Impact Analysis, By Structure (Shipping Container, Building-Based), By Component (Hardware, Software and Services), By Mechanism (Hydroponics, Aeroponics, and Aquaponics), By Crop Category (Fruits, Vegetables & Herbs, Flowers & Ornamentals and Others), and North America Vertical Farming Market Size Insights, Industry Trends, Forecast to 2035

North America Vertical Farming Market Size Insights Forecasts to 2035

• The North America Vertical Farming Market Size Was Estimated at USD 2.84 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of Around 22.3% from 2025 to 2035
• The North America Vertical Farming Market Size is Expected to Reach USD 26.01 Billion by 2035

According to a Research Report Published by Spherical Insights & Consulting, The North America Vertical Farming Market Size is anticipated to reach USD 26.01 Billion by 2035, growing at a CAGR of 22.3% from 2025 to 2035. The market is driven by decreasing arable land, increasing consumer demand for local pesticide-free produce, and improved hydroponic, aeroponic, and aquaponic technology capabilities.

Market Overview

The Vertical Farming Market Size refers to the growing of plants in layers piled up vertically, in a controlled environment utilizing technologies like hydroponics, aeroponics, and aquaponics. Farming is the production of crops in multiple layers instead of a single layer. This method provides the market with crops that are eco-friendly and have low costs. This includes enriching with fertilisation, careful nutrition, regulating temperature and humidity, and artificial intelligence. The market is being driven by factors such as rising urban population, self-sufficient growing practices, and demand for organic food.

Plenty increased its production range outside traditional leafy greens and established a partnership with Driscoll's to set up a large-scale Vertical farm committed to strawberry cultivation in Richmond, Virginia, thereby making the world's first strawberry farm. Gotham Greens, a New York indoor farming pioneer and Certified B Corporation, which has one of North America's largest and most high-tech hydroponic greenhouse networks, has gathered $310 million in new funding, thus growing the total financing of the fast-growing firm to $440 million.

In the year 2024, the Canadian government launched the Agricultural Clean Technology program that allocated a whopping USD 165 million for a duration of five years to support the use of clean technologies in agriculture, vertical farming being one of them. The cities are projected to become the environments for growing food using a lesser amount of resources, thus providing local and sustainable food, using technology for better productivity, and contributing to food security.

Report Coverage

This research report categorizes the market for the North America Vertical Farming Market Size based on various segments and regions, and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the North America Vertical Farming Market Size. Recent market developments and competitive strategies, such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the North America Vertical Farming Market Size.

Driving Factors

The vertical farming market in North America is driven by the expansion of urban areas and the concurrent rise in consumers' demand for local vegetables. Urban farming schemes, authorities are trying to enhance food security and reduce dependency on outside supplies. Continuous technical progress is the main factor that leads to greater operational efficiency, higher production and the environment being treated more gently. The amount of money put into vertical farming in 2023 was around USD 1.5 billion, which is a real indication of the growing faith in the sector. The capital injection is allowing businesses to grow, upgrade technology and increase their market coverage. vertical farms may require as little as 10% of the water that traditional farming uses, becoming very appealing for eco-friendly food production.

Restraining Factors

The vertical farming market in North America is restrained by indoor farming is the high energy consumption associated with the farming, raising questions about the sustainability and the overall environmental footprint. The integration into the existing supply chains is complicated, and at the same time, the distribution to the retail and foodservice outlets needs to be efficient. Vertical farms grow only high-value and fast-turnover crops such as leafy greens and herbs due to the cost structure. This not only limits the market but also the possibility of producing staple crops like grains or oilseeds at a reasonable cost.

Market Segmentation

The North America Vertical Farming Market Size share is categorised into structure, component, mechanism and crop category.

• The shipping container segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. 

The North America Vertical Farming Market Size is segmented by structure into shipping container, building-based. Among these, the shipping container segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The growth of the segment is driven by the container farms are easy to move, and do not require a big piece of land or a specific building for cultivation to start. Additionally, the cost of shipping containers goes down with greater competition since the price of getting second-hand containers is comparatively low, thus permitting other businesses to share the market space.

• The hardware segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.  

Based on component, the North America Vertical Farming Market Size is segmented into hardware, software and services. Among these, the hardware segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The segmental growth is driven by an environmental management is very crucial in the vertical farming sector. The market is then further subdivided into lighting, hydroponic components, climate control, and sensors. The lighting segment ranked first in the market with 38.84% of the total revenue generated in 2023. The reason for such a large share is the reliance of vertical farms on artificial lighting. By using artificial lights, the needed light intensities for the growth of the crops are provided.

• The hydroponics segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. 

The North America Vertical Farming Market Size is segmented by mechanism into hydroponics, aeroponics, and aquaponics. Among these, the hydroponics segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The growth of the segment is driven by due to the small initial investment and the simple handling of the system. Moreover, the hydroponics technique eradicates the possibility of soil microbiota being responsible for infections. The consumers are the first to be sensitized to the effects of pesticide use; thus, these will be the main drivers of the hydroponics market in the future. Besides, since there is better control over the nutrients, the hydroponically produced plants give a larger yield than their counterparts grown in soil.

• The fruits, vegetables & herbs segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.  

Based on crop category, the North America Vertical Farming Market Size is segmented into fruits, vegetables & herbs, flowers & ornamentals and others. Among these, the fruits, vegetables & herbs segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The segmental growth is driven by stimulated by the upscaling of vertical farming of the most common fruits and vegetables by the mere cultivation of these crops. Such plants are highly productive, and their growers gain the greatest benefit from the entire process. At the same time, vertical farming enhances biodiversity since it does not disrupt the land.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the North America Vertical Farming Market Size, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies                                                                                                                           

• Plenty Unlimited Inc.
• Bowery Farming
• AeroFarms
• BrightFarms
• Gotham Greens
• 80 Acres Farms
• GoodLeaf Farms
• Freight Farms
• Vertical Harvest
• Local Bounti
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

In December 2025, Bayer Crop Science Canada announced the commercial launch of Sivanto Energy, a new foliar insecticide developed to provide rapid and reliable control of flea beetles in canola.

Market Segment

This study forecasts revenue at the North America, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the North America Vertical Farming Market Size based on the below-mentioned segments:

North America Vertical Farming Market Size, By Structure

• Shipping Container
• Building-based

North America Vertical Farming Market Size, By Component

• Hardware
• Software
• Services

North America Vertical Farming Market Size, By Mechanism

• Hydroponics
• Aeroponics
• Aquaponics

North America Vertical Farming Market Size, By Crop Category

• Fruits, Beverages & Herbs
• Flowers & Ornamentals
• Others