+33 680 38 14 46
Vertical Agriculture: A growing market of 24.8% per annum, estimated at $5.80 bn by 2022
All countries
Friday 29 June 2018
FJ
Production all year round, without weather hazards, with less impact on the environment for a growing urban population (photo Plenty.ag)
According to a recent study, the whole market of vertical agriculture by growth process (hydroponics, aeroponics and aquaponics), structure (building and maritime container), supply (hardware, software and service), will develop at the rate of 24.8% per year.
MarketsandMarkets in its study "Vertical Farming Market - Global Forecast to 2022" estimates the size of the vertical agriculture market at $5.80 billion by 2022.
According to the study it is the process of hydroponic growth that should know the most important development. Development attributed to the fact that hydroponics is a less complex method to implement. In addition, indoor cultivation does not use large equipment using fossil fuels, which also reduces emissions of environmentally harmful gases.
The Asia-Pacific region will have the largest market share. Due to the projected increase in population and pressure on farmland.
source : marketsandmarkets.com
