What You Should Know About Vertical Farming
Vertical farming refers to a type of indoor agriculture wherein the plants are grown in vertical layers. They could also be piled horizontally or in three-dimensional contours. Some of the plants produced through vertical farming include leafy greens, vining plants, and herbs. The majority of this conventionally grown produce is sprayed with pesticides and fungicides. Moreover, they are farmed with extreme hygiene, are pesticide-free, and delivered for direct retail within hours of harvest.
Due to the increased focus on health consciousness, the demand for pesticide-free food products has risen globally, which is one of the most vital factors that propel the demand for vertically farmed crops. Besides, with advancements in technologies and the use of the IoT, crops grown through vertical farming are uninterruptedly tracked for excellent nutrition and growth and reduced human intervention. These factors cumulatively drive the demand for the global vertical farming crops market. However, growing crops through vertical farming incurs high investment since it requires a skilled workforce, water and nutrient reservoir, irrigation system, and other related technologies and building costs. These factors can likely inhibit the growth of the market.
The global vertical farming crops market is segmented into crop type, end-use, and farming technique. By crop type, the vertical farming crops market is classified into Tomato, Leafy Greens, Herbs, Others. By end-use, the vertical farming crops market is classified into Direct Retail, Food Service. By farming technique, the vertical farming crops market is classified into Hydroponics, Aeroponics, Aquaponics.
The report covers vital developments in the vertical farming crops market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the vertical farming crops market are anticipated to lucrative growth opportunities in the future with the rising demand for vertical farming crops in the global market. Below mentioned is the list of few companies engaged in the vertical farming crops market.