What's Driving the Vertical Farming Market Outlook Till 2026? American Hydroponics, General Hydroponics, Plantagon Companization, Mirai, AeroFarms, ILLUMITEX, INC., Freight Farms, BrightFarms, Heliospectra AB

Global vertical farming market outlook is driven by a variety of factors including, growing food consumption, global population explosion, and rising concerns pertaining to environment and climate change. Increasing food demands of the growing population base along with ever decreasing arable lands is one the greatest challenges for mankind. However, vertical farming can be a solution to the problem.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/1525

Vertical farming is a form of stacked farming that utilizes Controlled Environment Agriculture (CEA) technology and indoor farming techniques to produce food and medicines. It makes use of unused vertical spaces, which mostly includes shipping containers, skyscrapers, and warehouses.

Company profiled in vertical farming market report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
AeroFarms, Urban Crop Solutions, Indoor Harvest Corporation, Green Sense Farms, Sky Greens, American Hydroponics, Illumitex, Agrilution GmbH, Everlight Electronics Co.,Koninklijke Philips N.V. Ltd, MOFLO Aeroponics, SPREAD Co., Ltd, Mirai Co., Ltd, Freight Farms, BrightFarms Inc, Plantagon International AB, Gills N Claws Pte. Ltd, Alesca Life Technologies, General Hydroponics, Inc, Heliospectra AB, GrowUp Urban Farms Ltd., Ecobain Gardens, Inc.

This technique not only makes good use of abandoned property, but also decreases fossil fuel consumption (involved in traditional farm machines and for transporting crops) and also provides the possibility of sustainability in urban areas. Stable energy utilization and ideal use of unused vertical space with the technique is likely to boost vertical farming market growth.

Vertical farming is majorly utilized for the breeding of aquatic species. Aquatic species vertical farming industry is likely to record a CAGR of 24% over 2019-2026.

These species are majorly bred through aquaponics technique. The most common aquatic species that is widely bred in vertical farms is Tilapia. Other commonly cultivated species include prawns, brass, and trout.

vertical farming market is expected to accrue substantial gains from outdoor applications over 2019-2026. Such impressive growth can be attributed to the increasing use of hydroponic technique for cultivation. This technique aids plants to mature without soil and uses only 10% of the water for growing plants as compared to conventional farming techniques.

Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/1525

Europe has surfaced as the largest vertical farming market for stacked farming owing to rise in sustainable agricultural practices across the region. Several government organizations in the region are conducting summit and workshops to create awareness on vertical farming, which has encouraged many private entities to invest in the industry. For instance, a UK based e-grocer, Ocado has invested more than USD 20 million in indoor vertical farming. Switching to vertical farming will not only aid the region in meeting its increasing food demand but will also help in fighting climate change in the long term.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

This release was published on openPR.