Vertical Farming Market Growing at the Fastest Rate in APAC Region
The Vertical Farming market is expected to grow from USD 3.1 billion in 2021 to USD 9.7 billion by 2026; it is expected to grow at a CAGR of 25.0% during the forecast period. The major driving factors for the growth of the vertical farming market include high yield associated with vertical farming over conventional farming, year-round crop production irrespective of weather condition, advancements in light-emitting diode (LED) technology and requirement of minimum resources. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=221795343 Based on the growth mechanism, the vertical farming market has been segmented into hydroponics, aeroponics, and aquaponics. These growth mechanisms do not include the use of soil, enabling farmers to establish farms indoors and carry out farming at any location irrespective of the climate. In countries where the climate remains cold for the maximum time of the year and the quality of soil is not favorable for farming, the...