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The “Vertical Farming Market Size, Share & Trends Analysis Report by Structure (Shipping Container, Building-based), by Offering, by Growing Mechanism, by Fruits, Vegetables & Herbs, by Region, and Segment Forecasts, 2022-2030” report has been added to ResearchAndMarkets.com’s offering.
The global vertical farming market size is expected to reach USD 33.02 billion by 2030 and is expected to expand at a CAGR of 25.5% from 2022 to 2030.
Increased use of Internet of Things (IoT) sensors for producing crops is likely to spur market demand over the forecast period. Information obtained from the sensors is stored on the cloud and analyzed to perform the required actions. The growing automation in agriculture and increasing use of big data and predictive analytics for maximizing yields are also likely to drive the market.
Vertical farming is effective in ensuring stability in crop production and maintaining reliability even in adverse climatic conditions. It provides multiple benefits over the traditional farming technique, such as less use of water, the lesser need for agrochemicals, and low dependence on agricultural labor. Vertical farming makes…
Full story available on Benzinga.com
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