With 25.0% CAGR, Vertical Farming Market Growth to Surpass USD 9.7 billion
The vertical farming market was valued at USD 3.1 billion in 2021, and it is expected to register a CAGR of 25.0% from 2021 to 2026 to reach USD 9.7 billion. Major drivers for the growth of the market are high yield and numerous other benefits associated with vertical farming over conventional farming, advancements in light-emitting diode (LED) technology, year-round crop production irrespective of weather conditions, and requirement of minimum resources. Moreover, positive impacts of adopting vertical farming on the environment, potential market opportunities in APAC and the Middle East, and cannabis cultivation through vertical farming are expected to create growth opportunities for the market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=221795343 The hydroponics growth mechanism is used widely by commercial growers. This mechanism is easier to set up, costs less than other mechanisms, and has a higher return on investments (ROI). Comparing