Global Vertical Farming Market Analysis, Historic Data and forecast 2019-2026
Summary - A new Market study, titled “Global Vertical Farming Market - 2019-2026” has been featured on WiseGuyReports. Market Overview The decreasing arable land and depleting natural resources is motivating the crop growing communities towards effective farming practices that follow the ‘law of minimum’. Vertical farming, which involves controlled production of plants in multiple vertical layered setups, such as controlled-environment buildings, repurposed warehouses, growth chambers and shipping containers evolved as a solution. The major advantages associated with vertical farming includes reduced agricultural runoff, optimized energy usage, minimum overheads, and low labour costs. The use of innovative irrigation systems and lighting methods enable vertical farming to support food production throughout the year. The global vertical farming market valued USD 2.3 billion in 2018 and expected to grow at a CAGR of 8% to reach a market value of USD 4.2 billion by 2026. ALSO READ: