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Dublin, December 13, 2021 (Global News Agency) – “Analysis of Vertical Agriculture Market by Growth Mechanism (Hydroponics, Aeroponics, Fish and Vegetable Symbiosis), Structure, Crop Type, Product and Region-Global Forecast to 2026” Report has been added to ResearchAndMarkets.com supply.
The vertical farming market is expected to grow from USD 3.1 billion in 2021 to USD 9.7 billion in 2026; it is expected to grow at a compound annual growth rate of 25.0% during the forecast period.
The main driving factors for the growth of the vertical farming market include the high yields associated with vertical farming compared to traditional farming, annual crop production that is not affected by weather conditions, advances in light-emitting diode (LED) technology, and the need for minimum resources.
The hydroponic growth mechanism dominates the market segments of the vertical agricultural market during the forecast period
Commercial growers use hydroponic growth mechanisms extensively. Compared with other mechanisms, it is easier to set up, lower cost, and has a higher return on investment (ROI). Comparing the investment required to build hydroponic and air culture facilities of the same scale, air culture requires a higher initial investment. In addition, the hydroponic mechanism recovers the maximum amount of water with the least waste, making it the most water-saving farming method. In addition, it can effectively control the amount of nutrients delivered to the plants, thereby controlling the growth process and factors, such as the growth rate and size of the plants. In addition, in the hydroponic mechanism, in the event of a power outage, plants can survive for a long time because…
The full story can be found on Benzinga.com
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