Vertical Farming Companies

The global vertical farming market was valued at USD 5.6 billion in 2024 and is projected to reach USD 13.7 billion by 2029; it is expected to register a CAGR of 19.7% during the forecast period. The key factors driving the growth of the vertical farming market include factors in the food production system such as high population density, scarce and declining arable land, climate change, and environmental degradation. Additionally, the developments in IoT, AI, and hydroponics increase efficiency and output in operation while catering to the increasing consumers’ interest in fresh and locally grown produce.

Signify (Netherlands), Freight Farms (US), AeroFarms (US), Sky Greens (Singapore), Spread (Japan), Plenty (US), Valoya (Finland), Osram (Germany), Everlight Electronics (Taiwan), and Heliospectra AB (Sweden) are some of the key players in the vertical farming companies.

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Major Vertical Farming companies include:

• Signify (Netherlands)
• Freight Farms (US)
• AeroFarms (US)
• Sky Greens (Singapore)
• Spread (Japan), Plenty (US)
• Valoya (Finland)
• Osram (Germany)
• Everlight Electronics (Taiwan)
• Heliospectra AB (Sweden)

Signify Holding is one of the prominent companies in the lighting market; it makes a significant focus on growing the vertical farming segment. They offer LED lighting solutions for Vertical farming and this entails the right spectrum and intensity that is required to support the growth of the plants and generation of yields. In addition, Signify, being dedicated to innovation and functioning as a market specialist of lighting and horticulture, is driving the growth of the vertical farming market. They are well-positioned to continue playing a leading role by developing new products and services that cater to the evolving needs of vertical farmers: The involvement of Signify to improve technology on vertical farming goes a long way in backing the sustainability, and efficiency within the practice the industry, and some of its stakeholders.

ams OSRAM, offers sensors and LED-based illumination solutions, and play a crucial role in the growth of the vertical farming market. Their products are ideal for use in vertical farming since they provide the specific light spectrum and lighting intensity necessary for optimal plant development and production. Three of ams OSRAM strategic approaches towards product design in the vertical farming industry can be categorized as customized. There were created for vertical farming to provide plants with the best Light Emitting Diode spectrum and power. Further, ams OSRAM aims to develop the climate control solution to optimize the optimum conditions for plant growth that mean temperature, humidity, and CO2 concentration.

AeroFarms has also been able to expand to be among the most significant vertical farming businesses through the use of aeroponics which is a technique of cultivating crops without soil hence enables the growth of fresh and local produce throughout the year. An innovation process that the company has instituted is as follows: Measures that the company has taken on vertical farming that has supported operations. Aero CEO, David Rosenberg, said that Aeroponics is a central part of AeroFarms’ strategy because it assists in farming its foods without using soil. Hydroponics farming that involves placing roots in a nutrient fog welfare with those utilize by AeroFarms enables the farming of plants at a faster rate than conventional farming methods and water resourcefully. This sustainable approach is especially helpful to their, provision of efficient and better resources. Hence, adopting vertical farming, AeroFarms relies on aeroponics and data analytics as one of the company’s strategic pillars. They increase efficiency and more importantly adopt better means of farming and use of resources. The use of technology and data to improve the vertically farming system, which is believed to be embarked on by AeroFarms is another factor, which drives the existence of the firm as a key player in the existing vertical farming niche.

Sky Greens is a Singapore based vertical farming company that is considered a front-runner of the vertical farming business due to its novel strategies and techniques. Notably, the company use of rotating towers in growing crops, which would allow the crops to be in contact with light, water and nutrients at all times. These towers having up to 9 meters high and many layers, allow for the best growing conditions. Sky Greens also uses a water-power system which is more efficient compared to the electric motor system. Today, Sky Greens has far gone in the development of its innovations as well as strategies in farming and has actually managed to develop good node within the market. The company has created many successes that have made it to the prestigious media outlets such as, The New York Time, The Wall Street Journal and Forbes among others. In addition, it can be noted that Sky Greens have received awards: Singapore Green Plan 2030 Award – for sustainability. These achievements. coupled with its new ideas, management actions, excellent branding and recognition, Sky Greens has established itself as the leader in vertical farming markets. The company has farms in Singapore and further in China and the company’s intention is to venture in other countries hence the future is promising for this company.

Freight Farms is an agriculture technology company based in Boston that produces hydroponic container farms that deliver controlled environment agriculture or CEA inside a re-purposed shipping container. Their main product which is the Leafy Green Machine enables perpetual production of crops for the different seasons in diverse weather conditions uses complex hydroponic techniques and LED lighting that is energy-performance efficient. Another product that is provided by Freight Farms is the Farmhand software, which enables remote control with data monitoring, smart farm control. Their services offered to people, both individuals, schools, and big companies with the support of the local food markets and producers. Further, the company offers ‘Grown by Freight Farms’ to medium to large organizations, which is their service that delivers container farms and produces fresh food at clients’ locations.

Related Reports:

Vertical Farming Market by Growth Mechanism (Hydroponics, Aeroponics, Aquaponics), Structure (Building-based and Shipping container-based), Crop Type, Offering (Hardware, Software, Services) & Region - Global Forecast to 2029

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