Vertical Farming Industry, Analysis, Key Players And Key Figures Reviewed In Latest Research Report 2027
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...