Skip to main content

Vertical Farming Market Strategy and Growth Factor Report 2020-2026


With the exponential growth of the global population, the subsequent increase in global food demand, the decrease in agricultural land, and the depletion of limited natural resources, the need to improve agricultural yield has become critical. The upsurge in the urban population in developing countries, with improved quality of living due to high-income levels and the demand for fresh farm produce and animal protein, is bolstering the demand for crop production. The finite presence of natural resources, such as arable land and fresh water, along with falling farm yield trends in many crop categories, have encouraged crop producers and agricultural companies to introduce innovative and advanced agriculture alternatives to boost farm profitability.

Read Report Overview: https://bisresearch.com/industry-report/vertical-farming-market.html

Concerning the growing world population and the rising food sufficiency demand, the limited land resources won’t be sufficient to feed the rising population. Such a situation has led to a stronger emphasis on choosing sustainable farming operations, be it precision agriculture, precision irrigation, or vertical farming techniques. Vertical farming is a farming technique wherein food products are grown in vertically stacked layers, often in urban areas, and minimum wastage of natural resources is ensured by using artificial lighting and different techniques of farming (hydroponics, aeroponics, aquaponics).

The global vertical farming market is anticipated to progress to a great extent since its initiation as a basic system to being an ideal solution for sustainable agriculture. Vertical farming is used to produce various vegetables and fruits on vertically inclined surfaces. Unlike conventional farming of vegetables and other fruits on a single level, such as in a field or a greenhouse, the vertical farming method produces foods in vertically stacked layers generally incorporated into structures such as a shipping container, repurposed warehouse, and skyscraper. Vertical farming involves the integration of numerous technologies such as big data analytics, robotics, artificial intelligence (AI), and the internet of things (IoT) so that crops can be produced perfectly without any agronomic constraint.

Vertical farming offers various opportunities, such as demand from countries with less arable land and unfavorable climate and integration of technology with vertical farming. Further, challenges hindering the growth of the global vertical farming market include the need for constant monitoring, high operational and maintenance cost, and not being suitable for all types of crops.


Conventional farming is likely to be surpassed by vertical farming over the forecast period. This is owing to the benefits offered by vertical farming, such as no dependency on climatic conditions, limited use of water and chemicals or pesticides, and reliable year-round crop production. Such a shift in the agriculture sector is likely to offer precision in farm operations. Due to COVID-19, the growth in the global vertical farming market would be slow by the end of 2021. It is expected that the market is likely to increase exponentially from 2022, owing to the increase in the demand for agricultural products. Due to COVID-19, the growth in the global vertical farming market would be slow by the end of 2021. It is expected that the market is likely to increase exponentially from 2022, owing to the increase in the demand for agricultural products.

Comments

Popular posts from this blog

Chatbots Increasing Efficiency in Healthcare Market

Chatbots are one of the prominent technologies currently being integrated into the healthcare system. The chatbots are not considered as the SaMD (software as medical device) as they do not participate in clinical decision-making process, rather, they act as the personal healthcare assistant as well as the trainer for its users. Click Here To Get Detailed Description of  Chatbots in Healthcare Market The usage of chatbots in the healthcare has gained popularity since 2013, when Babylon Health, the first healthcare chatbot company of the U.K. was launched. The company offered symptom checker chatbot and has started using the same chatbot as a health checker as well. The industry comprises the bot developers, platform providers, content providers, and the interface providers. Since there are no regulatory bodies such as FDA and MHRA directly governing the usage of chatbots, launching the chatbot is convenient for the developers. New start-ups are coming up wit...

Wireless Charging Technology – Analyzing the Market Drivers and Restraints

Wireless charging technology eliminates the use of wires to power devices and enables a device to be charged automatically when placed near a transmitter. The wireless charging technology is however, not new in the world of technology, rather, has been in existence since the late 1800s. With the incorporation of the technology in smartphones, it has been experiencing a massive boost in popularity. Request the Sample @  https://bisresearch.com/requestsample?id=645&type=download According to the latest market intelligence report by BIS Research titled “ Global Wireless Charging Market - Analysis and Forecast (2018-2023) ,” the market was valued at $2.58 billion in 2017 and is projected to grow at a CAGR of 40.97%, during the forecast period and reach $20.97 billion by 2023.  The market is estimated to witness the highest growth in the Asia-Pacific (APAC) region during the forecast period (2018-2023). The wireless charging technology is not only limited to the sm...

Analyzing the Growth and Expansion of the Neurostimulation Devices Market

The global healthcare economic burden, at present, is primarily characterized by major contributors such as chronic pain and neurological disorders. The annual societal cost for chronic pain and neurological disorders accounted for $635 billion and $789 billion respectively in the U.S., in 2014. Opioids are one of the most preferred medicines for the treatment of chronic pain, however, the side-effects associated with opioids have resulted in a decline in their overall usage and sale. Consequently, the increasing cases of neurological disorders and the need for a novel approach for the treatment of such diseases has led to the advent of neuromodulation technologies. The rapid shift of the healthcare industry toward neurostimulation devices from opioids and other conventional treatment techniques can be attributed to the efficient, safe, and targeted approach of neurostimulation devices. BIS Research recently published a market intelligence report titled “ Global Neurostim...