$13.9 Billion Worldwide Vertical Farming Industry to 2027 – Featuring Agrilution Systems, AmHydro, Everlight Electronics and Freight Farms Among Others – ResearchAndMarkets.com

.9 Billion Worldwide Vertical Farming Industry to 2027 – Featuring Agrilution Systems, AmHydro, Everlight Electronics and Freight Farms Among Others – ResearchAndMarkets.com
CANNANNEW REPORT

DUBLIN–(BUSINESS WIRE)–The “Vertical Farming Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering. The global vertical farming market reached a value of US$ 3.66 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 13.98 Billion by 2027, exhibiting a CAGR of 25.03% during 2021-2027. Companies Mentioned AeroFarms Agrilution Systems GmbH AmHydro Everlight Electronics Co. Ltd. Freight Farms Inc. Gronska Stadsodling Heliospectra AB Jones Food Company Limited Koninklijke Philips N.V. OSRAM GmbH (ams-OSRAM AG) Signify N.V. Urban Crop Solutions Vertical Farm Systems Pty Ltd Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor. Vertical farming refers to an innovative farming technique that involves growing food and medicinal plants in vertically stacked layers. It is adopted for producing crops with artificial control of light, temperature, humidity and gases. Vertical farming utilizes a combination of methods involving hydroponics, aeroponics and aquaponics to grow crops without soil using mineral nutrient solutions, such as peat moss and coconut husk, or aquatic animals, such as snail, fish and prawns. It is highly beneficial for crop cultivation on arid lands, mountains, unfertile lands, indoors and rooftops of the buildings. In comparison to the traditional farming practices, vertical farming is sustainable and has lower water and energy requirements. A rapid increase in the global population, along with rising scarcity of arable land, is one of the key factors driving the growth of the market. Moreover, an escalating requirement for stabilized crop production to meet the rising food demands is providing a thrust to the market growth. In line with this, the legalization of cannabis cultivation…

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Source : .9 Billion Worldwide Vertical Farming Industry to 2027 – Featuring Agrilution Systems, AmHydro, Everlight Electronics and Freight Farms Among Others – ResearchAndMarkets.com

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