Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Growth Mechanism (Hydroponics, Aeroponics, Aquaponics), By Structure (Building-based vertical farm , Shipping container-based vertical farm), By Component (Irrigation Component, Lighting, Sensor, Climate Control, Building Material) And Competitive Landscape
Product Code: ETC4610459 | Publication Date: Jul 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | Europe Vertical Farming Market |
Forecast period | 2025-2031 |
CAGR | 4.7% |
Growing Sector | Technology & innovation and urban Agriculture |
Europe Vertical Farming Market report thoroughly covers the market by countries, by growth mechanism, by structure, and by component. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The vertical farming market in Europe is on a steady ascent, fueled by a convergence of agricultural innovation and ecological consciousness. This innovative approach to agriculture integrates the cultivation of crops in vertically stacked layers, utilizing controlled environments. It encompasses the use of hydroponics, aeroponics, and aquaponics systems, optimizing space and resources.
According to 6Wresearch, the Europe Vertical Farming Market size is anticipated to reach at a CAGR of 4.7% during the forecast period 2025-2031. The increasing demand for fresh, locally sourced produce, coupled with the continent's limited availability of arable land. This scarcity necessitates alternative methods of crop production that are efficient and sustainable. Urbanization and the ongoing quest for environmental sustainability further stimulate the market’s expansion, as vertical farms offer a method to produce food closer to urban centers with a minimal ecological footprint. Some positive trends are shaping the future of vertical farming in Europe. Technological advancements are gradually lowering the barriers to entry, making these systems more affordable and efficient. The integration of renewable energy sources and smart technologies is enhancing sustainability and reducing operational costs. Furthermore, a growing consumer preference for sustainable and pesticide-free produce is likely to drive Europe Vertical Farming Market growth. Amid these developments, vertical farming in Europe stands at the brink of transforming urban agriculture, aligning with broader goals of sustainability and food security.
European governments have begun rolling out a series of initiatives aimed at supporting this innovative approach to agriculture. These efforts include funding for research and development projects, subsidies for sustainable agricultural practices, and the introduction of policies that encourage urban farming. For instance, the European Union's Horizon 2021 program has granted substantial funds to projects that explore advanced agricultural technologies.
The vertical farming industry in Europe is supported by a diverse array of companies that specialize in different facets of this innovative farming method. Notable key players include AeroFarms, Infarm, and Agricool are operating seamlessly in the market, which focuses on repurposing shipping containers into high-efficiency vertical farms.
The future of Europe Vertical Farming industry looks promising, with expectations of significant growth driven by technological advancements, increasing consumer demand for fresh and sustainable produce, and supportive governmental policies. The adoption of energy-efficient lighting, along with advancements in hydroponic, aeroponic, and aquaponic farming systems, is anticipated to enhance the productivity and profitability of vertical farms. Furthermore, the ongoing expansion of the urban population in Europe presents a continually growing market for locally grown, pesticide-free produce.
According to Nitesh, Research Manager, 6Wresearch, the United Kingdom emerges massively, driven by a combination of innovative startups, strong governmental support, and a growing consumer interest in sustainable agriculture.
Based on the structure, both building-based and shipping container-based vertical farms are gaining traction, each with its unique set of advantages. However, building-based vertical farms currently hold a prominent position in the market, especially in densely populated urban centers like London. These structures offer extensive space that allows for larger scale operations and diversification of crops, which in turn supports a higher yield.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Vertical Farming Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Vertical Farming Market Revenues & Volume, 2021 & 2031F |
3.3 Europe Vertical Farming Market - Industry Life Cycle |
3.4 Europe Vertical Farming Market - Porter's Five Forces |
3.5 Europe Vertical Farming Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Europe Vertical Farming Market Revenues & Volume Share, By Growth Mechanism , 2021 & 2031F |
3.7 Europe Vertical Farming Market Revenues & Volume Share, By Structure , 2021 & 2031F |
3.8 Europe Vertical Farming Market Revenues & Volume Share, By Component, 2021 & 2031F |
4 Europe Vertical Farming Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Vertical Farming Market Trends |
6 Europe Vertical Farming Market, 2021 - 2031 |
6.1 Europe Vertical Farming Market, Revenues & Volume, By Growth Mechanism , 2021 - 2031 |
6.2 Europe Vertical Farming Market, Revenues & Volume, By Structure , 2021 - 2031 |
6.3 Europe Vertical Farming Market, Revenues & Volume, By Component, 2021 - 2031 |
7 Germany Vertical Farming Market, 2021 - 2031 |
7.1 Germany Vertical Farming Market, Revenues & Volume, By Growth Mechanism , 2021 - 2031 |
7.2 Germany Vertical Farming Market, Revenues & Volume, By Structure , 2021 - 2031 |
7.3 Germany Vertical Farming Market, Revenues & Volume, By Component, 2021 - 2031 |
8 United Kingdom Vertical Farming Market, 2021 - 2031 |
8.1 United Kingdom Vertical Farming Market, Revenues & Volume, By Growth Mechanism , 2021 - 2031 |
8.2 United Kingdom Vertical Farming Market, Revenues & Volume, By Structure , 2021 - 2031 |
8.3 United Kingdom Vertical Farming Market, Revenues & Volume, By Component, 2021 - 2031 |
9 France Vertical Farming Market, 2021 - 2031 |
9.1 France Vertical Farming Market, Revenues & Volume, By Growth Mechanism , 2021 - 2031 |
9.2 France Vertical Farming Market, Revenues & Volume, By Structure , 2021 - 2031 |
9.3 France Vertical Farming Market, Revenues & Volume, By Component, 2021 - 2031 |
10 Italy Vertical Farming Market, 2021 - 2031 |
10.1 Italy Vertical Farming Market, Revenues & Volume, By Growth Mechanism , 2021 - 2031 |
10.2 Italy Vertical Farming Market, Revenues & Volume, By Structure , 2021 - 2031 |
10.3 Italy Vertical Farming Market, Revenues & Volume, By Component, 2021 - 2031 |
11 Russia Vertical Farming Market, 2021 - 2031 |
11.1 Russia Vertical Farming Market, Revenues & Volume, By Growth Mechanism , 2021 - 2031 |
11.2 Russia Vertical Farming Market, Revenues & Volume, By Structure , 2021 - 2031 |
11.3 Russia Vertical Farming Market, Revenues & Volume, By Component, 2021 - 2031 |
12 Spain Vertical Farming Market, 2021 - 2031 |
12.1 Spain Vertical Farming Market, Revenues & Volume, By Growth Mechanism , 2021 - 2031 |
12.2 Spain Vertical Farming Market, Revenues & Volume, By Structure , 2021 - 2031 |
12.3 Spain Vertical Farming Market, Revenues & Volume, By Component, 2021 - 2031 |
13 Rest of Europe Vertical Farming Market, 2021 - 2031 |
13.1 Rest of Europe Vertical Farming Market, Revenues & Volume, By Growth Mechanism , 2021 - 2031 |
13.2 Rest of Europe Vertical Farming Market, Revenues & Volume, By Structure , 2021 - 2031 |
13.3 Rest of Europe Vertical Farming Market, Revenues & Volume, By Component, 2021 - 2031 |
14 Europe Vertical Farming Market Key Performance Indicators |
15 Europe Vertical Farming Market - Opportunity Assessment |
15.1 Europe Vertical Farming Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Europe Vertical Farming Market Opportunity Assessment, By Growth Mechanism , 2021 & 2031F |
15.3 Europe Vertical Farming Market Opportunity Assessment, By Structure , 2021 & 2031F |
15.4 Europe Vertical Farming Market Opportunity Assessment, By Component, 2021 & 2031F |
16 Europe Vertical Farming Market - Competitive Landscape |
16.1 Europe Vertical Farming Market Revenue Share, By Companies, 2024 |
16.2 Europe Vertical Farming Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |