Global Vertical Farming Market Size, Share, Development, Growth And Demand Forecast To 2023

The global vertical farming market has been observing significant growth, owing to its consistent and reliable growing cycle, which allows the commercial growers to confidently deliver their supply contracts on time and rising demand for environment-friendly production of fresh fruits and vegetables without the use of pesticides. Purchase of such vertically produced crops provides benefits such as improved taste and higher nutrient value.

Commercial growers prefer using vertical farming solutions to involve less manpower and high efficiency LED to ensure minimum power usage. The aeroponics growth mechanism is expected to grow at the fastest rate in this industry, during the forecast period. Among the two structures of vertical farms, the building-based structure is expected to have the larger market during the forecast period. The building-based structure functions as a community garden hub that incorporates hydroponics and vertical farming in an outward tree-like design. It is expected to provide huge cost savings and food security to a city for a long period.

Vertical farming is the method of producing food in the form of used warehouse, skyscraper, shipping container and vertically stacked layers. Vertical farming uses the method devised by indoor farming techniques and controlled-environment agriculture (CEA) technology. This technology possesses external environment factors and completely controls the environment. Also, this system controls the environmental conditions in an enclosed covering and protects the food from diseases, pest or predator attacks. This ensures that the farms in which crops are grown are independent and do not require fertile arable land for the growth of crops. It also helps in growing the farms in any climatic region across the globe, even in extreme temperatures.

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