Populations are growing and cities are booming – but could we soon see skyscrapers turned into centers for crop production?
Yes! It’s possible now.
Vertical farming is the answer to all these questions. It fulfills all seventeen goals of the UN’s Sustainable Development program. Like- No Poverty, Zero Hunger, Climate Action. Vertical farming is the practice of producing food and medicine in vertically stacked layers, vertically inclined surfaces and/or integrated with other structures (such as in a skyscraper, used warehouse, or shipping container).
The report overview on Vertical farming is a blend of latest trends and figures that reveal a coarse analysis of the market drivers, revenue share, segmentation, and geographical markets. It discovers diverse topics such as regional market scope, product-market various applications, market size, sales, and revenue by region, production cost analysis, supply chain, market influencing factors analysis, market size estimates, and more. This market analysis includes an overview of the Vertical farming industry, a look at the target market, an analysis of competition, projections for the business, and regulations. Let’s just dive right into it. Get Sample Copy of Vertical Farming Market.
1. Hydroponics – Growing Plants Without Soil
Hydroponics is an environment-friendly and profitable technology in today’s world. It has been encouraged by the various governmental and non-governmental organizations for its benefits in terms of food security. Cost is the only major drawback of this technology. However, a lot of research activity is being carried out to reduce the cost involved in technology. Due to the increasing success rates associated with the commercial hydroponics industry and the increasing difficulty of growing crops on soil, the hydroponics market is expanding exponentially.
2. Aeroponics – Growing Plants With No Soil and Very Little Water
Aeroponics is the process of growing plants in an air or mist environment without the use of soil or an aggregate medium. An increase in urban population and technological advancements replacing traditional farming methods are anticipated to offer lucrative opportunities for North America, Europe, and Asia-pacific aeroponics farming market growth.
3. Aquaponics– An Ecosystem that Promotes Plants and Fish Farming Together
Aquaponics requires minimal aquatic space for farming fruits, herbs, vegetables, which results in Aquaponics market growth. Since the produce is organic (free of pesticides and herbicides), fruits and vegetables produce type leads the segment and is progressing with a CAGR of double-digit during the forecast period of 2019 to 2025 for Aquaponics Market.
Vertical farms in urban areas are a relatively new phenomenon, but interest in this approach is growing, and the number of vertical farms in the developed-countries is expanding every year but in under-develop countries, it is still on experiment level. There are several variations of vertical farms being tested throughout the world, and new innovations and technology will likely increase the energy efficiency and profit margins of these farms in the future. Resulting in high growth potential for Vertical Farming Market.
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