Global Vertical Farming Market to grow at 27% CAGR from 2017–2024 - PowerPoint PPT Presentation

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Global Vertical Farming Market to grow at 27% CAGR from 2017–2024


More Information @ Vertical farming industry has been establishing its footprint at the top-notch as well as the grass root level. The number of vertical farms have been increasing exponentially across the globe, subject to the numerous advantages of this farming technique, such as disease restriction, water conservation, reduction in the usage of pesticides and herbicides, and elimination of post harvesting processing. – PowerPoint PPT presentation

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Title: Global Vertical Farming Market to grow at 27% CAGR from 2017–2024

Global Vertical Farming Market to grow at 27
CAGR from 20172024
Key Insights of Vertical Farming Market
  • Vertical Farming Market will cross USD 13 billion
    by 2024, driven by soaring population levels
    leading to imbalances in food demand and supply.
  • The global vertical farming market is expected to
    surge substantially with the current demographic
    trends pointing toward human population
    surpassing 9 billion by 2050 and 70 of this
    population residing in the urban centers. Recent
    FAO estimates indicates that in order to feed the
    larger, urbanized, and richer population, the
    global food production must increase by 70. With
    the increasing food demand and limited resources,
    the vertical farming industry has witnessed a
    massive demand in the recent years. The practice
    of growing food and medicine in vertically
    stacked layers and other such vertical structures
    is termed as vertical farming. This technique is
    set to yield more crops per m2 with less water
    consumption when compared to traditional farming
    and is therefore widely used to produce fresh,
    high quality, and nutritious food. The declining
    arable land, water conservation, climatic
    variation, and soaring population have provided a
    significant impetus to the global vertical
    farming industry trends. As per Global Market

  • Research activities across the globe have
    directed various companies to undertake small
    scale farming of fruits, herbs, vegetables,
    spices, and aquatic species as well. Tomatoes,
    leafy vegetables, strawberries, lettuce, and
    cucumber are the most popularly grown plants
    across various regions. Lettuce contributed to
    30 of the overall vegetables, fruits, and herbs
    market in 2015 and is expected to drive the
    product landscape over the coming years. In terms
    of technology, crop production through the
    hydroponics technology has witnessed significant
    demand over the recent years having accounted for
    more than 50 of overall vertical farming
    industry share in 2016. Aquaponics vertical
    farming is also gaining a substantial prominence,
    owing to rising demand for edible fish such as
    Tilapia, which dominates the aquatic species
    segment. Reportedly, some of the European
    countries are leading in raising aquatic species
    including crabs and fish through vertical farming.


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Farming Market _at_ https//
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U.S. Vertical Farming Market Size, By Technology,
2013 - 2024 (USD Million)

Industry Coverage

  • Japan vertical farming market is expected to
    witness lucrative growth prospects, as majority
    of the vertical farms are presently located in
    Japan. The regional market held more than 25 of
    the total Asia Pacific vertical farming industry
    share in 2015. Other countries including China,
    India, and South Korea are also exhibiting huge
    potential for vertical farming market to expand.
    Seasonal changes have boosted the indoor vertical
    farming technique in controlled environments,
    freight containers, warehouses, and even parking
    lots. Many companies are also developing
    aggressive business models to make such sectors
    profitable. Over the forthcoming years, the
    industry is poised to witness various
    partnerships and mergers with LED lighting
    companies to optimize the plant growth and
  • Prominent vertical farming industry players
    include Urban Crop Solutions, Spread co Ltd,Sky
    Greens, American Hydroponics, Aerofarms, Mirai
    Co.Ltd., and Plantagon International AB.

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