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Tuesday, 01/19/2021 3:58:32 AM

Tuesday, January 19, 2021 3:58:32 AM

Post# of 21409
The global vertical farming market size is anticipated to reach USD 9.96 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 21.3% over the forecast period. Increased use of Internet of Things (IoT) sensors for producing crops is likely to spur the market demand over the forecast period.

Escalating production of biopharmaceutical products is anticipated to drive the market. (This would be a VERY LUCRATIVE part of the market)

The climate control segment is expected to expand at a high CAGR over the forecast period as the crop growth can be controlled by monitoring and adjusting the concentration of minerals. (Our E-Roots cavitation technology can help with this)

Vertical farming is effective in ensuring the stability in the crop production and maintaining reliability even in adverse climatic conditions. It provides multiple benefits over traditional farming technique, such as less use of water, lesser need of agrochemicals, and low dependence on agricultural labors. Vertical farming makes use of metal reflectors and artificial lighting to maximize natural sunlight.

https://www.grandviewresearch.com/press-release/global-vertical-farming-market