Vertical Farming Market Size Trends 2020: In-Depth Analysis of Industry Growth & Forecast Up To 2027
Market overview The global vertical farming market is anticipated to make a significant USD 6.5 billion by 2024. Moreover, this figure is expected to be achieved at a CAGR of approximately 20% during the forecast period of 2019–2024. The major factor that is said to be influencing the growth of the market is said to be the growing demand for quality and greater volumes of food. This apart lowered environmental impact is also touted as one of the prime factors. The prospect and scope for the global vertical farming market size are said to be promising and are associated with its ability to address a lack of cultivable land area issues. Moreover, it encourages the cultivation of food in mass range within confined space. Through the process, it is capable of overcoming the key challenge of meeting the needs of global demand for food. In an era of empowered technical farming, this concept seems highly effective. With a growing emphasis on agriculture, the market is expected to grow even at...