Vietnam Vertical Farming Market Size, Share, Trends and Forecast by Component, Structure, Growth Mechanism, Application, and Region, 2025-2033

Vietnam Vertical Farming Market Overview:

The Vietnam vertical farming market size reached USD 34.00 Million in 2024. The market is projected to reach USD 234.66 Million by 2033, exhibiting a growth rate (CAGR) of 21.31% during 2025-2033. The market is driven by government’s increased investments in climate-smart agriculture systems and sustainable food production. Growing adoption of urban farming technologies as well as controlled environment agriculture to enhance crop yields within restricted area under cultivation, and rise in foreign direct investment and partnership agreements with the agtech technology companies are some of the other factors that are accelerating the growth of the Vietnam vertical farming market share.

Vietnam Vertical Farming Market Trends:

Government Investment Drives Climate-Smart Agricultural Innovation

Vietnam's commitment to climate-smart agriculture and sustainable food production is fundamentally transforming the vertical farming landscape as the government addresses mounting environmental challenges and food security concerns. The Vietnamese government's comprehensive approach to agricultural transformation includes substantial investments in sustainable farming practices, with vertical farming positioned as a key solution for maximizing productivity while minimizing environmental impact. Vietnam's National Digital Transformation Program through 2025 specifically emphasizes the integration of advanced agricultural technologies, creating favorable policy conditions for vertical farming adoption. The government's Green Growth Strategy has allocated significant funding for climate-resilient agricultural infrastructure, recognizing vertical farming as an essential component of the country's adaptation strategy. This supportive regulatory environment, combined with financial incentives for sustainable agriculture, is accelerating the adoption of vertical farming systems across both commercial and research applications throughout Vietnam.

Urban Agriculture Expansion Meets Growing Technology Integration Demands

The rapid advancement of urban agriculture in Vietnam is driving unprecedented demand for vertical farming solutions as cities grapple with limited agricultural land and increasing population density. Vertical farming and urban agriculture in Vietnam are advancing due to technological innovations and government policies aimed at food security and sustainability, addressing urban challenges like limited land and high demand for fresh produce. Vietnamese urban centers are experiencing significant population growth, with urbanization rates creating pressure on traditional food supply chains and highlighting the need for local production capabilities. The integration of Internet of Things sensors, automated irrigation systems, and climate control technologies is making vertical farming increasingly accessible to Vietnamese enterprises and entrepreneurs. The growing consumer preference for locally-produced, pesticide-free vegetables is creating strong market demand for vertical farming products, particularly among urban middle-class consumers who prioritize food safety and quality. Vietnamese companies are increasingly adopting hydroponic and aeroponic systems to optimize space utilization and crop yields, with many enterprises reporting significant improvements in productivity compared to traditional farming methods.

Foreign Investment Partnerships Accelerate Market Development

International investment and strategic partnerships are playing a crucial role in accelerating Vietnam's vertical farming market development, with foreign companies recognizing the country's potential as an emerging agricultural technology hub. Foreign partnerships are facilitating technology transfer, expertise sharing, and capital investment that is essential for scaling vertical farming operations across Vietnam. International companies are establishing joint ventures and strategic alliances with Vietnamese enterprises to leverage local market knowledge while bringing advanced agricultural technologies and best practices. The Vietnam vertical farming market growth is being supported by collaborations with countries including Japan, Australia, and South Korea, which possess extensive experience in controlled environment agriculture and vertical farming systems. These partnerships are not only providing essential funding and technology but also creating knowledge transfer opportunities that are building local capacity and expertise in vertical farming operations. Government incentives for foreign investment in agriculture, combined with Vietnam's strategic location and growing market potential, continue to attract international agtech companies seeking to establish regional operations and serve the broader Southeast Asian market.

Vietnam Vertical Farming Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on component, structure, growth mechanism, and application.

Component Insights:

• Irrigation Component
• Lighting
• Sensor
• Climate Control
• Building Material
  • Glass Greenhouse
  • Plastic Greenhouse
• Others

The report has provided a detailed breakup and analysis of the market based on component. This includes irrigation component, lighting, sensor, climate control, building material (glass greenhouse and plastic greenhouse), and others.

Structure Insights:

• Building-Based Vertical Farms
• Container-Based Vertical Farms

A detailed breakup and analysis of the market based on the structure have also been provided in the report. This includes building-based vertical farms and container-based vertical farms.

Growth Mechanism Insights:

• Hydroponics
• Aeroponics
• Aquaponics

The report has provided a detailed breakup and analysis of the market based on growth mechanism. This includes hydroponics, aeroponics, and aquaponics.

Application Insights:

• Indoor
• Outdoor

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes indoor and outdoor.

Regional Insights:

• Northern Vietnam
• Central Vietnam
• Southern Vietnam

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Vietnam Vertical Farming Market Report Coverage:

Key Questions Answered in This Report:

• How has the Vietnam vertical farming market performed so far and how will it perform in the coming years?
• What is the breakup of the Vietnam vertical farming market on the basis of component?
• What is the breakup of the Vietnam vertical farming market on the basis of structure?
• What is the breakup of the Vietnam vertical farming market on the basis of growth mechanism?
• What is the breakup of the Vietnam vertical farming market on the basis of application?
• What is the breakup of the Vietnam vertical farming market on the basis of region?
• What are the various stages in the value chain of the Vietnam vertical farming market?
• What are the key driving factors and challenges in the Vietnam vertical farming market?
• What is the structure of the Vietnam vertical farming market and who are the key players?
• What is the degree of competition in the Vietnam vertical farming market?

Key Benefits for Stakeholders:

• IMARC's industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Vietnam vertical farming market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam vertical farming market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Vietnam vertical farming industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.