Wednesday, 30 March 2022

𝐕𝐞𝐫𝐭𝐢𝐜𝐚𝐥 𝐅𝐚𝐫𝐦𝐢𝐧𝐠: 𝐓𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐀𝐠𝐫𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐞!

Vertical farming is a revolutionary approach used to produce food and medicinal plants in vertically stacked layers such as in a skyscraper, used warehouse, or shipping container. It facilitates huge quantity of nutritious and quality fresh food without relying on favorable weather, high water usage, skilled labor, and high soil fertility.

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The global vertical farming market size is anticipated to witness significant growth during the period of forecast. The significant factors impacting the vertical farming industry growth include rise in popularity of organic food, optimum use of vertical space and balanced energy utilization, ease of crop monitoring and harvesting, and decrease in arable land. However, high initial investments and involvement of nascent technology hamper the market growth. Nonetheless, growing urban population and surge in adoption of technology-driven agriculture are expected to provide lucrative growth opportunities to the vertical farming market players.

Vertical Farming: Factors that Drives Unstoppable Growth!

1. Rise in popularity of organic food.

2. It reduces the demand for additional construction activity and land

3. It reduces the intervention of machines required during conventional farming.

4. These facilities involve multiple technologies for growth of plants artificially and enable us to keep track of plants growth and harvesting.

5. Optimum use of vertical space and balanced energy utilization

6. Ease of crop monitoring and harvesting

Vertical Farming: How to Implement?

1. ​Know How do plants process energy in a closed cultivation system?​

2. Know energy Requirements

3. ​Optimising energy consumption​

4. ​Integrate the vertical farm into the smart city​

5. Know the financial feasibility of urban vertical farming

Major Players in the Report:

The key players profiled in the report include 4D Bios Inc., AeroFarms, Agrilution, AMHYDRO (American Hydroponics), Everlight Electronics Co., Ltd., Hort Americas, Illumitex Inc., Koninklijke Philips N.V., Urban Crop Solutions, and Sky Greens. These players have adopted various strategies such as product launch, acquisition, collaboration, and partnership to expand their foothold in the vertical farming industry.

Vertical Farming: The ‘end-all’ Solution?

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