Study: Global vertical farming market shows steady growth
Optimum usage of vertical space and energy utilization, ease in monitoring and harvesting of crops and limited availability of arable land are driving growth in the global vertical farming market.
The global vertical farming market generated $2.23 billion in 2018, and is estimated to generate $12.77 billion by 2026, growing at a CAGR of 24.6% from 2019 to 2026, according to a report by Allied Market Research, Portland, Ore.
Optimum usage of vertical space and energy utilization, ease in monitoring and harvesting of crops and limited availability of arable land are driving growth in the global vertical farming market.