Vertical-Farming Sector To Be Worth Close To $100bn By 2035
The increased focus on growing food crops without compromising the environment is set to be the major factor driving the growth of the global vertical-farming market between 2023 and 2035, a new study by Research Nester has found.
According to the research firm, the vertical-farming sector is set to achieve a value of $96.33 billion (€87.88 billion) by 2035.
Furthermore, the rising shift towards the consumption of organic food items is also considered to be another growth factor for market expansion in the coming years.
Other advantages offered by vertical farming – such as a reduced use of agricultural land, a decreased consumption of water, and the production of high-quality products – are likely to propel the shift towards this technology.
At the same time, the high cost to set up vertical farming, a lack of awareness among people about the advantages of vertical-farming techniques, and a lack of well-equipped systems for performing vertical farming worldwide are some of the major factors anticipated to hamper the sector’s growth, Research Nester noted.
Related news
A recent retail analysis was conducted on the eco-sector
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >The kitchen garden is the hidden resource of Hungarian families
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Who is the revolutionary in public catering?
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Related news
Dr Zoltán Pogátsa on the Hungarian economy: neither the golden age, nor an apocalypse
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Eurozone GDP grew by 0.1 percent in the second quarter compared to the previous quarter
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >KSH: industrial production decreased by 1.0 percent compared to the same period of the previous year, expanded by 2.0 percent compared to the previous month
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >