Study: Vertical farming market to hit $13B by 2024
The growing need of food security owing to reduction in arable land across the world will boost the entire industry demand by 2024.
The vertical farming market is expected to reach $13 billion by 2024, according to a new research report by Global Market Insights, Inc., Selbyville, Del.
The increasing population rate along with upsurge in food demand will continue to significantly drive the vertical farming market by 2024. And, the growing need of food security owing to reduction in arable land across the world will boost the entire industry demand by 2024. Technological advancements will also enable vertical farming to be done in retail centers in coming years.