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Vertical Farming Market-DataM Intelligence

Food and Beverages

Vertical Farming Market-DataM Intelligence

Increasingly scarce arable land and diminishing natural resources are forcing crop-growing organizations to employ strong agricultural practices based on the principle of minimum production.

FREMONT, CA: Low arable land and decreasing natural resources are driving crop growing organizations to use strong agricultural approaches that follow the ‘law of minimum'. Vertical farming, which includes controlled production of plants in several vertical layers, has been proposed as a solution. Vertical farming reduces agricultural runoff, optimizes power consumption, reduces overhead, and reduces labor costs, and may help provide meals throughout the year by using novel irrigation and lighting technologies.

Vertical farming is being driven by the growing need for precision farming due to dwindling arable land and other natural resources. Global population growth increases the demand for food whereas urbanization, soil erosion, and over-cultivation are reducing the amount of arable land available globally.

 

 On the necessity for sustainable agricultural approaches that provide higher yields with little use, vertical farming emerged as a viable alternative to conventional farming because of its high yields and low inputs. The method uses 90% less water than traditional crops and emits less CO2.

Less food transportation and improved crop yield spurred the adoption of sustainable farming technologies by local farmers. Synthetic pesticides, growth hormones, and antibiotics are not used in vertical farming, allowing the product to match natural needs. Technologies like the Internet of Things, Artificial Intelligence, and Big Data are helping vertical farming, by allowing growers to keep track of plant growth and thus manage their farms more efficiently. The high-power consumption and high production cost of vertical farming are impeding the global market's growth.

Venture capitalists are expected to invest in the breakthrough vertical farming firm because global demand for sustainable farming methods and greater government financing for sustainable agricultural practices are likely to drive new vertical farm enterprises. New farms are being established in emerging countries to meet customer demand for fresh organic vegetables.

 

Venture capitalists are expected to invest in the breakthrough vertical farming firm because global demand for sustainable farming methods and greater government financing for sustainable agricultural practices are likely to drive new vertical farm enterprises. New farms are being established in emerging countries to meet customer demand for fresh organic vegetables.

Technologies like the Internet of Things, Artificial Intelligence, and Big Data are helping vertical farming, by allowing growers to keep track of plant growth and thus manage their farms more efficiently. The high-power consumption and high production cost of vertical farming are impeding the global market's growth.

Venture capitalists are expected to invest in the breakthrough vertical farming firm because global demand for sustainable farming methods and greater government financing for sustainable agricultural practices are likely to drive new vertical farm enterprises. New farms are being established in emerging countries to meet customer demand for fresh organic vegetables.

 

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