PUBLISHER: KBV Research | PRODUCT CODE: 1709824
PUBLISHER: KBV Research | PRODUCT CODE: 1709824
The Europe Vertical Farming Market would witness market growth of 19.4% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Vertical Farming Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,127.3 million by 2031. The UK market is exhibiting a CAGR of 18.5% during (2024 - 2031). Additionally, The France market would experience a CAGR of 20.4% during (2024 - 2031).
Vertical farms integrate seamlessly into the urban landscape as cities expand, utilizing rooftops, abandoned buildings, or purpose-built structures to bring food production closer to consumers. This reduces transportation costs and carbon emissions associated with traditional supply chains. Additionally, vertical farming has applications in regions with harsh climates-deserts or arctic zones-where conventional agriculture is impractical.
Moreover, vertical farms enable year-round production by creating self-contained ecosystems regardless of external weather conditions. The technology also extends to research and development. Universities, biotech firms, and agricultural startups use vertical farming systems as living laboratories to experiment with plant genetics, optimize growing techniques, and develop climate-resilient crops.
In Europe, agricultural land usage remains extensive, with 157 million hectares dedicated to farming, covering 38% of the EU's total land area in 2020. However, most (63.8%) of agricultural holdings are small farms (less than 5 hectares), limiting large-scale agricultural production efficiency. The predominance of small farms presents challenges related to productivity, land fragmentation, and economic sustainability. Vertical farming offers an efficient alternative by enabling high-yield crop production in controlled environments, independent of land size constraints. As European policymakers focus on sustainable agriculture and food security, the adoption of vertical farming is expected to accelerate, particularly in urban areas with limited space.
Based on Component, the market is segmented into Hardware (Lighting, Hydroponic Components, and Climate Control & Sensors), Software, and Services. Based on Category, the market is segmented into Fruits Vegetables, & Herbs, Flowers & Ornamentals, and Other Category. Based on Mechanism, the market is segmented into Hydroponics, Aeroponics, and Aquaponics. Based on Structure, the market is segmented into Shipping Container, and Building-based. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
Europe Vertical Farming Market Report Segmentation
By Component
By Category
By Mechanism
By Structure
By Country