Vertical farming is gaining traction, thanks to top vertical farming companies.
The global vertical farming market, worth USD 4.16 billion in 2022 and USD 5.05 billion in 2023, is likely to reach USD 27.42 billion by 2030, growing at a CAGR of 27.3%, per the Fortune Business Insights Report (2023).
The USA has the world’s highest number of vertical farms. At the same time, Japan leads the way in Asia followed by China, Singapore, South Korea, Taiwan, and Thailand, according to the Vertical Farming Planet.
Vertical Farming In India
India is new to vertical farming but the sector is in for phenomenal growth here.
As IMARC Groups’ report tells us, the Indian vertical farming market might experience a staggering CAGR of 25.4% during 2023-2028. The report lists butterhead, winter boar, chives, mint, small woody herbs, red leaf, basil, Tuscan, and romaine as the most popular vertically farmed crops.
What is Vertical Farming?
In vertical farming, farming happens on stacked shelves in skyscrapers, warehouses, shipping containers, or any other controlled setting.
You manage the environment through LED lights, climate control systems, monitoring systems, and other technologies.
The growth medium can be soil, nutrient-rich solution (hydroponics), mist (aeroponics), and aquaponics (aquaculture + hydroponics).
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Benefits of Vertical Farming:
With risks like weather, diseases, and pests eliminated, vertical farming ensures a higher and superior yield all year round. Think of it as a great way to achieve global food security.
The stacked shelf arrangement conserves space, making it ideal for urban areas with limited cultivation space.
Vertical farming also reduces the need for fertile soil, skilled labor, and water by 70–95% and minimizes environmental impact by preventing deforestation and limiting spillage.
Top 10 Vertical Farming Companies
Now that you have the hang of vertical farming, let’s focus on the top 10 vertical farming companies, based on revenue, presence, technology, overall impact, and contributions towards global food security.
1. AgriCool
- Founded: 2015 (8 years ago)
- Revenue: USD 103 million
- Products: Poultry Farm & Greenhouse Equipment
AgriCool rules the roost in the vertical farming segment with a staggering revenue of USD 103 Million as of 2023. Established in 2015 by Guillaume Fourdinier and Gonzague Gru, the company uses recycled shipping containers, called “Cooltainers,” to create vertical farms.
These containers feature aeroponic technology, wherein nutrient-dense mist replaces soil as a growth medium. The closed-loop water system helps manage growing cycles and post-harvesting while optimized lighting, temperature, and air quality help create a conducive growing environment. Each 35 m2 container can deliver a food output of 4000 m2 of conventional farmland.
Agricool grows fruits and vegetables like parsley, strawberries, basil, coriander, and more. No pesticides or preservatives are used. The company also offers turnkey and standalone solutions for broiler, breeder, layer, greenhouse, and cattle farming.
You can rely on Agricool for tailored solutions, precise delivery, friendly customer service, and excellent follow-up. The vertical farming company operates on a multinational level. Its four regional offices and multiple warehouses in branch countries allow it to ensure immediate equipment and spare parts supply.
Agricool Solutions:
| Broiler Solution | Breeder Solution | Layer Solution |
| Greenhouse Solution | Cattle Solution | Other products |
Contact Details:
- Phone: +971 50 4800248
- Email: [email protected]
- Address: Sharjah Media City, Sharjah Free Zone, UAE
Useful Links:
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2. iPower:
- Founded: 2018 (5 years ago)
- Revenue: USD 88.9 Million
- Products: Flourish, iFarm,
- Specialty: Hydroponics Equipment
iPower raked in $88.9 million in revenue and $34.8 million in profits as of 2023, making it one of the world’s leading vertical farming companies. While hydroponics equipment is the company’s mainstay, it also offers homewares, pet care, and gardening products. The company sells in-house and third-party brands online to businesses and individuals internationally.
iPower’s flagship, iFarm is a countertop-sized, three-in-one automated hydroponic system that can support a variety of herbs, flowers, fruits, and vegetables. Featuring 28 pods for growing and seeding, iFarm ensures better output while using fewer resources.
In December 2021, the company also launched the “Flourish” line, consisting of growing nutrients, cloning gels, plant supplements, and fertilizers.
Contact Details:
- Phone: (626) 863-7344
- Email: [email protected]
- Address: 2399 Bateman Ave, Duarte, CA 91010 USA
Useful Links:
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3. Bowery Farming:
- Founded: 2015 (8 years ago)
- Revenue: USD 83.7 million
- Products: BoweryOS
- Specialty: Green Leafy, Herbs & Fruits
With USD 83.7 Million, Bowery Farming might trail behind Agricool in revenue but runs America’s most extensive vertical farming operation. It operates three vertical farms in Maryland, New Jersey, and Pennsylvania, and many more in the pipeline. The company has recently raised USD 647 million in equity and debt from some of the top investors.
Bowery Farming uses hydroponic techniques to ensure 100 times higher produce per square foot of land as compared to conventional farming with the same footprint. Plus, its farms utilize 100% renewable energy and 90% less water.
The farms are backed by BoweryOS, a proprietary farm operating system that offers real-time insights into plant well-being and keeps an eye on crop growth and essential variables around the clock.
Bowery Farming grows kale, lettuce, basil, and more and sells to major retailers across 850+ locations. In 2021 in New Jersey, the company came up with Farm X, an in-house R7D facility to grow tomatoes, strawberries, cucumbers, and root vegetables.
Bowery recently ranked in the XB100 of the top 100 private deep tech companies.
Contact Details:
- Phone: (646) 493-1322
- Email: [email protected]
- Address: 151 W 26th St, 12th Floor, New York 10001
Useful Links:
4. Freight Farms:
- Founded: 2011 (13 years ago)
- Revenue: USD 72 million
- Products: Greenery S, Farmhand
- Specialty: Lettuces, Leafy Greens, Herbs
Freight Farms has a network of 1,000+ farmers and 600+ farms across 50 U.S. States & 3 Territories, and 41 Countries, raking in an annual revenue of US$72 Million. One of the top vertical farming companies, it pioneered container farms with hydroponic systems.
Freight Farm’s flagship, “Greenery S” is a state-of-the-art, modular hydroponic system where water replaces soil as the growth medium. Using less than 5 gallons of water and between 151 and 246 kWh of power per day in Eco Mode, the system supports over 500 crop varieties, including lettuces, leafy greens, herbs, and edible flowers.
Greenery S is powered by Farmhand, a proprietary software that automates, simplifies, and boosts vertical farming. It integrates with the vertical farm to deliver insights and complete control over crop planning and harvesting.
The vertical farming company also sells hydroponic nutrient blends, growing supplies, convenient kits, subscriptions, and more through an online shop. Farmers can expect “guided onboarding, comprehensive training, logistics coordination, technical support, and much more.”
Contact Details:
- Phone: +1 (877) 687-4326
- Email: [email protected]
- Address: 20 Old Colony Ave, Boston, Massachusetts 02118
Useful Links:
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5. AeroFarms:
- Founded: 2004 (19 years ago)
- Revenue: USD 22 Million (as of 2022)
- Product: Aeroponic Technology
- Specialty: Green Leafys
AeroFarms is hands down the world’s leading vertical farming company with a USD 850 m pro forma enterprise value, 2.6x 2025E revenue, and 10.4x 2025E EBITDA (2021). The company uses aeroponic technology for up to 390X higher yield while using 95% less water and 99% less land than traditional farming. Plus, you can reuse and recycle its cloth grow medium.
AeroFarms proprietary vertical farm employs precise nutrient delivery and targeted LED light wavelengths to optimize plant photosynthesis. That improves taste, texture, yield, shelf life, nutrition, and color. The farm leverages automation across the entire value chain, from loading, unloading, and seeding to growing, harvesting, and packaging.
AeroFarms’ data-driven technology platform allows for a complete understanding of plant growth, farm optimization, and cost reduction. The company prioritizes safety with over 200 standard operating procedures that ensure traceability from seed to package.
A Certified B Corporation, AeroFarms has Good Agricultural Practices, Good Manufacturing Practices, Safe Quality Food (SQF), and Controlled Environment Agriculture (CEA) Food Safety certifications. It is also a founding member of the CEA Alliance.
The company produces 200+ varieties of green leafy vegetables for sale US-wide at Whole Foods Market, The Fresh Market, HEB, and more.
Contact Details:
- Phone: +1 973-242-2495
- Email: [email protected]
- Address: 212 Rome St, Newark, New Jersey 07105
Useful Links:
6. Crop One Holdings, Inc.
- Founded: 2012
- Revenue: USD 15 Million
- Products: FreshBox Farms
- Specialty: Leafy Greens
With 6 investors, 2 patents, and USD 15 million in revenue, Crop One storms into the list of top 10 vertical farming companies. The Massachusetts-based company also owns ECO 1 – the World’s Largest Vertical Farm, built in partnership with Emirates Flight Catering. It produces 3 tons of leafy greens for arid climates.
Crop One makes the most of indoor hydroponic farming to cultivate fresh, organic products with minimal water and land use. The company’s proprietary system ensures optimal temperature, light, water, humidity, and growth nutrients for better production, all year around.
From kale, lettuce, and arugula to romaine, spinach, and spring mix, it grows a wide variety of green leafy. Branded as FreshBox Farms, the products boast longer shelf life and superior taste. The company’s 61-strong workforce includes plant scientists, data analysts, engineers, and researchers.
Contact Details:
- Phone: (951) 941-5108
- Email: [email protected]
- Address: 725 Main St. Millis, MA 02054
7. GP Solutions Inc.:
- Founded: Data N/A
- Revenue: USD 15 million (as of 2022)
- Product: Indoor Shipping Container Farms
- Specialty: Green Leafys & Herbs
With a revenue of USD 15 Million, GP Solutions walks into our list of the top vertical farming companies. The Calton-CA-based company specializes in scalable, efficient, automated, and sustainable indoor shipping container farms.
Featured in MarketWatch, Business Insider, and Bloomberg, GP delivers end-to-end solutions, from design and manufacturing to installations, ongoing support, and flexible financing.
GP’s proprietary Grow Pods come in four options: Hydro Pods, Grow Max, Speciality Pods, and Custom-built Pods. Specifications might vary, but all options use certified organic soil systems and hydroponic growing technology for a quicker and higher yield all year around.
GrowPods make the most of filtered air and water, appropriate temperature, humidity, and lighting to ward off contamination and ensure tastier, healthier, and higher-quality produce.
The pods consume less than 200 kilowatt hours of power a day and 90% less water than traditional farming. Plus, they support multiple varieties of microgreens, herbs, lettuce, vegetables, tomatoes, strawberries, and more.
Contact Details:
- Phone: (855) 247-8054
- Email: [email protected]
- Address: 223 W. B Street, Colton, CA 92324
Useful Links:
Conclusion:
Vertical farming companies are changing the way we cultivate and address food security. They leverage cutting-edge technology, innovative approaches, and advanced plant science to optimize crop production and ensure higher and better quality yield all year around. Their commitment to sustainability, resource efficiency, and providing fresh, local produce also makes them stand out. As the sector continues to grow, these companies stand as pioneers, shaping the future of agriculture.
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A wordsmith, avid traveler, rationalist, brand loyalist, sports-freak, and an independent researcher, Rohit has authored 18000 writeups for some of the leading online and offline publications in the past 10 years. He digs into information, weaves narratives, and distills complex subjects into engaging content.