Vertical farming is an amazing practice of developing food in vertically piled layers like used warehouse, skyscraper, or shipping container. Professor of microbiology at Columbia University, Despommier is the bragged inventor of vertical farming. His projection is to shift the farming culture to the cities, which is where more than 80% of the future population will exist. Experts predict that by the end of 2050 planet earth will be populated by 9 billion people and it would mean that many mouths to feed. Making use of right combination of LED lightings and hydroponics in order to feed the crops from beginning to the end, Despommier explains how food can be grown in skyscrapers. Also, this procedure of farming is 100% local, completely organic, and so effective that it can omit hunger from Earth, in fact with some food to spare. Vertical farming system involves growing food using Controlled Environment Agriculture technology to curb temperature, light, gases, humidity, fertigation and nutrients. Vertical farming has reduced impact on the environment and as compared to conventional farming need much less water and energy. Moreover, these kinds of farms can be located anywhere rural, urban or suburban. A few of the vertical farms makes use of methods similar to that of greenhouses, wherein naturally receiving sunlight can be enhanced with metal reflectors and artificial lighting.
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The global vertical farming market is prognosticated to be evaluated at $5.80 billion by the end of 2020, escalating at a CAGR of 24.8% during the period from 2016 to 2022. Several factors are accountable for the future growth of this industry’s market such as reduced dependency on weather for production purposes, superior quality food without pesticides, increase in developing crops, decreased impact on the environment and escalating urban population. The vertical farming market for the growth of hydroponics mechanism is estimated to flourish a significant amount. This growth is owing to the fact that hydroponics are more user-friendly to implement. Additionally, growing crops indoor with the help of this method does not require any conventional farming equipment, thereby decreasing the burning of fossil fuels. This in return will lessen the emission of gases that are harsh to the environment. Thus, there will be substantial decrease in CO2 emission and air pollution which alters the climate globally. Keeping in mind all of these factors, several farmers across the globe are opting the vertical farming technology.
Based on geography, this industry’s market is segmented into Europe (Germany, France, UK, Russia and Italy), North America (USA, Canada and Mexico), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa), and South America (Brazil, Argentina, Columbia etc.). Many of the leading market manufacturers of the global vertical farming market are AeroFarms, Gotham Greens, Bright Farms, Vertical Harvest, Home Town Farms, Infinite Harvest, Garden Fresh Farms, Green Spirit Farms, Beijing IEDA Protected Horticulture, Mirai, Lufa Farms, Sky Vegetables, Metro Farms, Uriah’s Urban Farms, Sundrop Farms, SCATIL, Metropolis Farms, Alegria Fresh, TruLeaf, Ecopia Farms, Green Sense Farms, Farmbox, Agro Strategies, Greener Roots Farm, Green Land, Harvest Urban Farms, Indoor Harvest, Urban Crops, Sky Greens, and Farmed Here.
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