Many companies have started growing crops in vertically stacked layers or such surfaces integrated in other structures such as in warehouses, shipping containers or even in skyscrapers. The vertical farming technique is practiced with controlled environmental factors. So rather than growing crops in open fields or greenhouses, through this technique, companies end up both conserving water and reducing the time of harvesting. While traditional farming due to its dependency on natural climatic conditions limits the growth of crops, with the help of vertical farming, crops can be grown all year round. Controlled environmental conditions, such as the use of UV light as a source of light for the crops could mean that the light can be controlled as per the crop’s requirement, eventually, saving the crops from the unwanted heat.
The vertical farming market can be segmented on the basis of the different farming mechanism such as hydroponics, aeroponics and aquaponics; on the basis of the type of crop the market can be classified into greens, fruits, vine crops, herbs among others; and the vertical farming market can also be segmented on the basis of different geographical areas.
The population has been growing at an all time high globally putting a lot of pressure on the demand for food and increasing urbanization and industrialization have decreased arable land which in turn has pushed the growth of vertical farming. The innumerable benefits of this advanced technique of farming such as minimal impact on the climatic conditions and relatively yielding of more crops per square meter area has made it the need of the hour. Pertaining to these conditions the global market for vertical farming is all set to reach the market value of $6 billion by the year 2023.
Here are some more points that explain about the global vertical farming market:
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