Other factors driving the market include growing urban population, and reduced environmental pollution. However, high initial investment and crop production of limited varieties restrict the growth of vertical farming market.
Seeing, localising, and taking plant-specific intelligent action are no longer the exclusive realm of humans. Machines have demonstrated the technical viability and the emphasis has long shifted to the finer details of ROI, reliability, business model, etc.
By carefully tailoring the environment to the exact requirements of the crop, such as through using LED lighting to produce the exact light spectrum needed for optimal photosynthesis, it is possible to obtain yields hundreds of times higher than traditional agriculture.
AeroFarms® to build world's largest R&D Indoor Vertical Farm in Abu Dhabi as part of USD $100 million AgTech investment by Abu Dhabi Investment Office (ADIO)
The farm will be dedicated to state-of-the-art R&D and commercialization of relevant local crops utilizing AeroFarms' expertise and proprietary indoor vertical farming technology that uses up to 95% less water and zero pesticides vs. traditional field farming.
The Ag Economy Barometer is based on responses from 400 U.S. agricultural producers and this month's survey was conducted from April 19-24, 2020.
Coronavirus Has Highlighted the Problems in Supermarket Supply: IDTechEx Asks if Vertical Farming Could Be the Solution
The coronavirus pandemic has highlighted wider concerns about the security of the notoriously complex supply chains that modern supermarkets rely on. There are several middlemen standing in between the farmer and the consumer.
Supporters of vertical farming claim it could revolutionise global food production, practically eliminating food miles by enabling crop growth right next to urban population centres, paving the way for the future of smart cities.
The size of vertical farming market was anticipated as $3 billion in the year 2018 and is predicted to touch $20 billion till 2026, rising with a CAGR of 27% between the years 2018 to 2026. Rising environment and climate concerns across the world will propel vertical farming.
Representing a major advance for plant biology, the findings have important implications for the management of dangerous crop diseases which represent significant threats to food security.
High consumer expectations, low levels of appreciation make it tough to be a farmer, finds new research
Farmers should care most about "providing safe, healthy, abundant and affordable food," said a majority of survey takers. Yet those same respondents would prefer their food come from smaller/specialty, local or organic farms-which can't necessarily compete on cost.
The remote sensing technology in the precision farming market is expected to witness a growth rate of over 17% over the forecast timeline.
First-of-its-Kind Consortium Develops Crops Intended for Indoor Agriculture
The developing requirement for smart cultivating inferable from the massively rising populace is one of the key factors that is anticipated to enhance the development of the global smart greenhouse market in the following couple of years.
Lights block out stars on clear nights and create bright, colourful skies on overcast nights
The vertical farming technique offers speedier supply chain for seedling production and with an eight-week turnaround time of seedling ordering system.
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