Semiconductor

  Market Analysis The vertical farming industry will touch USD 6.5 billion at a 20% CAGR between 2019- 2024 states the recent Market Research Future (MRFR) analysis. Vertical farming, simply, put is a method to cultivate different forms of produce in unused spaces of warehouses, shipping containers, skyscrapers, and others in vertically arranged layers. Various factors are propelling the global  Vertical Farming Industry  growth. As per the current MRFR report, such factors include the increasing use of IoT, rising automation in agriculture, increasing use of predictive analytics and big data to maximize yields, growing population, migration to urban areas from rural areas, changing lifestyle, and growing per capita income. Additional factors adding market growth include rising health consciousness, a growing focus for reliable production of crops by farmers, demand for eco-friendly production of fresh vegetables and fruits, favorable initiatives by the government to prom...

  Market Research Future published a research report on “Vertical Farming Market Research Report - Global Forecast till 2024” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2024. 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 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 meeti...