Vertical Farming Market Registering A CAGR 22.4% From 2018 To 2025 : Grand View Research Inc.
San Francisco, 11 March 2019: The Report Vertical Farming Market Analysis By Structure (Shipping Container, Building-Based), By Offering (Lighting, Hydroponic Components, Climate Control), By Growing Mechanism (Aeroponics, Hydroponics), & Segment Forecasts, 2018 – 2025 The global Vertical Farming Market is anticipated to reach USD 9.9 billion by 2025, according to a new report by Grand View Research, Inc. The increased use of Internet of Things (IoT) sensors, for producing crops, is likely to spur the market demand over the forecast period. The information obtained from the sensors is stored on the cloud and analyzed to perform the required actions. The growing automation in agriculture and increasing use of big data & predictive analytics, for maximizing yields, are also likely to drive the market. Genetically modified organisms and environmental & health effects of pesticides & other non-natural substances that are used for increasing agricultural production ha