The demand within the globalvertical farming market is rising on account of the stellar need forincreasing agricultural productivity. The presence of a seamless industry formanaging agricultural activities and farming techniques has brought involuminous revenues into the market. Furthermore, need for optimization ofplant growth has also brought vertical farming under the spotlight ofattention. In this scenario, the market vendors have a wide playfield ofopportunities to capitalise upon. The use of vertical farming techniques hasgathered momentum in several areas across the Middle East. Farming is theprimary occupation of a major population of people in India. The historicsignificance of farming in India, and its surrounding regions, has contributedto the growth of the global market.
· The importance hydroponic farming has also driven sales acrossthe global vertical farming market. The ability to control environmentalfactors through vertical farming has played a vital part in generating revenueswithin the market. Vertical farming systems can be used across shippingcontainers, buildings, and abandoned mine shafts. The ability to set upvertical farming systems across urban centers has emerged as an importantdynamic of market growth. Soilless farming techniques have also gainedimportance in recent times. The use of water-suspended minerals for verticalfarming has helped in driving sales.
· Singapore, London, Israel, and Japan have exhibited theirdexterity in adopting vertical farming techniques. Several other regions andcountries are drawing inspiration from these regions. State government areproviding dedicated spaces for vertical farming, and this is an importantconsideration for market growth. Increase crop yield obtained from verticalfarming is an important consideration for potential consumers. Moreover,plagues and diseases cannot affect crops that are grown across vertical farmingsystems. The benefits of cost-optimization and production-efficiency are at thehelm of growth within the global market.
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Vertical Farming Market: Overview
In arecent market intelligence report bearing the titled “Vertical Farming Market -Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 –2025”, the said market has been dissected with each and every facet of andgrowth prospect of the market has been studied in detail. A detailed snapshotof the said market with the analysis of porter’s five forces has been includedin an effort to make an offering of a concise and clear landscape of the marketparticipants to the readers. The report investigates on and assesses thecrucial market trends that are used to make a forecast of the revenue that isto be achieved by the said market in the years to come. For each of thedifferent categories of segmentations, the market intelligence report has madean offering of an almost accurate estimation of growth of the market and othersignificant data and figures. All these could help the industry players to gaina strong ground in the market and ensure substantial growth in the years tocome.
The reporthas been divided on the basis of various significant parameters in a bid togive the readers an all-inclusive view of the vertical farming market and alsohighlighted the market variations that define the world market for verticalfarming.
The saidmarket can be categorized by crop type, model, structure, and by geography.
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Vertical Farming Market: Trends and Opportunities
There aremultiple benefits of this new-age farming technique, comprising flexibility ofspace that is required to start farming, requisition of quite less space forfarming, and only fairly high cost is incurred in the installation of variousassociated systems and ease of maintenance are working in favor of the saidmarket. In addition to that, more yield of crop per unit of land, soil-less andhighly controlled nature of the farming, and cost effective production are alsoworking in favor of the said market. This technique of farming can ensure asupply of organic products throughout the year and the products are entirelyfree of contaminants and fertilizers.
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Vertical Farming Market: Regional Outlook
Readersare being expected to explore the possible opportunities that prevail indifferent regions of the said market with the help of the geographical analysisthat has been provided in the publication. Each region has been carefullyresearched by the analysts.
The reportmakes an examination of the international market for vertical farming acrossvarious regions such as Latin America, Asia Pacific, Europe, Middle East andAfrica, and North America. Of all of these, the markets in these regions suchas Europe and North America are experiencing rapid traction. The said market inAsia Pacific is also forecasted to present promising growth opportunities tothe international market for vertical farming.
Companies Mentioned in the Report
A few ofthe prominent companies which are operating in the world market for verticalfarming market are Sky Greens, Illumitex, Inc., Green Sense Farms LLC,Koninklijke Philips N.V., BrightFarms, AeroFarms, Urban Crops, Neofarms, andEverlight Electronics Co., Ltd.
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