Vertical Farming Market Worth $9.96 Billion by 2025 | CAGR: 21.3%: Grand View Research, Inc.

Read 120 page research report with TOC on "Vertical Farming Market Analysis Report By Offering (Lighting, Climate Control), By Growing Mechanism (Hydroponics, Aquaponics), By Structure, By Fruits, Vegetables & Herbs, And Segment Forecasts, 2019 - 2025" at: https://www.grandviewresearch.com/industry-analysis/vertical-farming-market

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.

Genetically modified organisms and environmental and health effects of pesticides and other non-natural substances that are used for increasing agricultural production have encouraged the consumers to adopt organic foods. According to the Organic Trade Association, the U.S. organic industry sales increased by around 11% in 2018, owing to increased investment in infrastructure and education. As per the Organic Foods Production Act of 1990, the handlers and growers of organic products need to comply with the regulations.

Artificial lighting helps in extending the hours of the natural daylight, which further increases the health, growth rate, and yield of the plants. Artificial lighting such as high-pressure sodium lighting and LED lighting can extend the availability of crops (throughout a season). LED lighting systems produce dual-band color spectrum and generate low heat. They are anticipated to witness significant growth over the forecast period.

Hydroponic system is a method of growing plants without soil. A hydroponic system eliminates the need for pesticides and artificial ripening agents and helps in producing nutritionally-rich vegetables. However, factors such as high initial investment and fewer crop varieties are likely to restrain the market growth.

Grand View Research has segmented the global vertical farming market on the basis of structure, offering, growing mechanism, fruits, vegetables & herbs, and region:

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