Surging Need for Organic Foods Driving Popularity of Vertical Farming

The mushrooming popularity of organic foods is one of the major factors driving the demand for vertical farming across the world. Nowadays, people are increasingly preferring organic foods, on account of their greater nutritional content than the non-organic foods. Vertical farming assists in producing organic foods and substantial assortment of organic crops. 

Moreover, this farming method ensures that crops are easily accessible in various demand-specific areas, which is further boosting its popularity all over the world. Besides, the growing requirement for food products and greater agricultural productivity is also driving the demand for vertical farming. 


Moreover, the increasing focus of people toward reliable production of crops irrespective of weather and climatic conditions is also propelling the need for eco-friendly vegetables and fruits. The governments of several countries are encouraging the production of organic foods via the adoption of organic pesticides.

These factors are driving the expansion of the global vertical farming market, as a result of which, the value of the industry is predicted to surge from $1,400 million in 2016 to $6,372.5 million by 2023. Furthermore, the market will progress at a CAGR of 24.2% from 2017 to 2023 (forecast period). Depending on structure, the market is divided into shipping container and building based structures.

Between these, building-based structures are predicted to demonstrate a CAGR of 24.6% throughout the forecast period. This farming method provides around 8 times more growing area than the conventional single level farming land and assists in reducing the farming cost, thereby leading to food security for a place for a long period of time.

This market research report provides a comprehensive overview of the market
  • The Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

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