Vertical Farming Market to Reach US$ 6 Billion by 2022
Vertical Farming is the future of modern day agriculture which is completely done in indoor agriculture labs. The vertical Farming market is expected to cross USD 6 Billion by 2022.
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Vertical farming is an urban farming method where plant cultivation is carried out in multi storied building greenhouses using hydroponics or acquaponics growth mechanism. The vertical farming market will include those companies which are engaged in providing food by using vertical farming method and also the companies which provide various infrastructural services and equipment required for vertical farming. One of the main points is providing quality food with minimum use of pesticides is that these food products can be consumed by critically ill patients and by people having dermatological problems.
The report segments the global vertical farming market on the basis of functional device, growth mechanism and geography. The report also gives the detail vertical farming market by crop types with more emphasis on key vegetables and fruits produced in vertical farms.
How Vertical Farming is basically done?
Here plants are grown hydroponically, or without soil, nourished instead by the recycling of a nutrient-rich water solution. Some such farms rely on aeroponics, where the water solution is misted onto the plants' roots. The farms are typically several stories tall, allowing for crops to be stacked in an enclosed space. Photosynthesis is brought about by artificial light, and sometimes augmented by natural light, like in a greenhouse.
The primary reason of adoption of vertical farming technology as it will help to increase the crop production without increasing additional land area. This method will not use traditional farming methods rather new cultivation methods are used like hydroponics or acquaponics. Hydroponics is most widely used for vertical farming.
The main driving factors for vertical farming are high quality of food with no use of pesticides and also no crop failures due to changing weather conditions.
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The main players in the vertical farming are Green Sense Farms, Sky Greens, Indore Harvest Corporation, MoFlo Aeroponics and Everlight Electronics.
Who Should Buy this Report?
• Technology Providers
• Technology Investors
• Technology Standards Organizations
• Modern Agricultural Forums, Alliances, and Associations
• Government Agencies
• Venture Capitalists/Investors
• Private Firms
• Analysts and strategic business planners, and others.
Segmentation of this Report:
By Growth Mechanism
By Functional Mechanism
• Photosynthesis Process/Lighting
• Hydroponic Components
• Climate Control
• North America
• Rest of the World (ROW)
Market Research Engine is a global market research and consulting organization. We provide market intelligence in emerging healthcare technologies, niche technologies and markets. Our market analysis powered by rigorous methodology and quality metrics provide information and forecasts across emerging markets, emerging technologies and emerging business models. Our deep focus on industry verticals and country reports help our clients to identify opportunities and develop business strategies.
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