Vertical farming isn’t just a trend: fortunately, this market is here to stay.
The vertical farming market has shown significant growth in recent years. And in case you thought otherwise, know this: the vertical farming market shows no signs of slowing down anytime soon.
Quite the contrary, in fact: a new market research report suggests that, by 2022, the vertical farming market will be valued at USD 5.80 billion dollars!
Tell Me More About the Vertical Farming Market
Urban farming is certainly having a moment. Cities and towns are creating more and more of a demand for fresh produce, especially when it is locally grown.
However, the supply is having a hard time keeping up with the demand. But the vertical farming market has developed as an answer to this.
A recent market research report defines vertical farming as “the practice of producing food in a vertically stacked layer such as a used warehouse, skyscraper, or shipping container.”
Essentially, it’s growing plants in vertical columns instead of the traditional method of growing crops in horizontal rows on large plots of land. The environment surrounding these vertical columns is carefully controlled in order to provide the plants optimal growing conditions.
Think about the implications of this: farmers are not limited by seasons or climates. Crops can be grown year-round, yielding harvests that are more plentiful than ever. And much less land is used up by farms.
Vertical farming solves many of the problems that farmers have faced since the beginning of agriculture. And so, understandably, the practice of vertical farming is on the rise.
Part of this growth trend is the influence of technology on the vertical farming market. As technology expands, so do the options farmers have for growing crops in more innovative ways.
What Does the Future of Vertical Farming Look Like?
Farmers nowadays are using all sorts of new farming tactics, even growing their crops in old shipping containers!
As the vertical farming market continues to grow and expand, farmers will likely move toward using more LED lighting systems. The hydroponics growing method will also be implemented more.
The future of vertical farming is promising for many reasons, especially for the fact that it makes sense for the environment.
Growing food closer to where it will be consumed is much more sustainable; think about how much fuel and energy will be saved by not having to transport produce over thousands of miles. These vertical farms can be created anywhere, with no limitations imposed by the natural climate or weather conditions.
Plus, there is no need for chemical pesticides, nor nearly as much water or fertilizer.
However, there are still some roadblocks to overcome before vertical farming is the sole method of agriculture in our world. High energy costs for running and sustaining vertical farms are one of the current barriers to the success of the vertical farming market.
However, as technology develops, this issue will surely be resolved by those who are passionate about the vertical farming market. Check out our website to keep up on trends in indoor farming and the vertical farming market.