The North America vertical farming market is projected to grow at a modest CAGR of 19.1% during the forecast period (2020-2026). The key aspect that drives the growth of the market includes the rising population and their ever-rising food demand. Vertical farming provides a major benefit to yield a huge quantity of nutritious and quality fresh food products, hence, this encourages the adoption of vertical farming across the region and in turn contributes to the market growth. Furthermore, the rising popularity of organic food products amongst the millennials also encourages the acceptance of vertical farming for cultivation, which, in turn, aids the growth of the vertical farming market in North America over the forecast period.

The North America vertical farming market is segmented on the basis of structure type, growth mechanism, and component. Based on the structure type, the market is segmented as building-based vertical farming and shipping container-based vertical farming. Based on the growth mechanism, the market is segmented as aeroponics, hydroponics, and aquaponics. Based on the component, the market is segmented as sensors, lighting, climatic controls, irrigation component, building material, and other components. 

Geographically, the North America vertical farming market is segmented into the US and Canada. The US is estimated to register significant market growth over the forecast period. Further, 4D Bios Inc., AeroFarms, American Hydroponics Systems Inc. (AMHYDRO), Freight Farms, General Hydroponics Inc., Heliospectra AB, and Signify Holding (Koninklijke Philips N.V.) among others are some of the prominent players functioning in the North America vertical farming market. New product launches & developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players in order to sustain in the highly competitive market. 

Research Methodology

The market study of the North America vertical farming market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary sources include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report is intended for vertical farming companies, research institutes and universities, other related companies, and government organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. North America Vertical Farming Market Research and Analysis by Structure Type
2. North America Vertical Farming Market Research and Analysis by Growth Mechanics
3. North America Vertical Farming Market Research and Analysis by Component

The Report covers:

• Comprehensive research methodology of the North America vertical farming market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the North America vertical farming market.
• Insights about market determinants which are stimulating the North America vertical farming market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of the market players.