Vertical Farming Market: Rise in Popularity of Organic Food, Increase in Urban Population, and Decrease on Arable Land
As per Research Conducted by KD Market Insights on “ Vertical Farming Market ”, the report offers the innovation and development in Vertical Farming industry. The Research Study evaluates the key trends, opportunities, advantages and factors that are assertive the inclusive evolution of the market. The report examines the different segments laterally with major geographies that have more demand for Vertical Farming Market. The competition analysis is also a major part of the report. The global vertical farming market was valued at $1.5 billion in 2016 and is projected to reach $6.4billion by 2023, growing at a CAGR of 23.6% from 2017 to 2023. Vertical farming is a nontraditional method to grow crops, which enables ease of harvesting, no effect of climate, high yield, minimal usage of pesticides, less area requirement, and less water consumption. For instance, one hectare of vertical farming is equivalent to nine hectares of traditional outdoor farming and saves nearly 200 tons of