Vertical Farming Market Expected To Surpass $7 Billion
Over the next few years,
the vertical farming market is expected to see some healthy growth, reaching a global market size of at least $7 billion by 2023.
Compare that to the results from last year; it's estimated that the market was only worth around $2.289 billion, and estimated to be worth roughly $1.5 billion the year prior. Vertical farming is seen as a growing trend that is said to be quickly revolutionizing the agriculture space.
You can find vertical farming projects today that are underway in a variety of countries and unique spaces. There are growing projects taking place in warehouses, shipping containers, fallout shelters, and more.
Experts involved with the vertical farming market have suggested that the growing method is 100x more efficient than growing traditionally.
This is because they see a variety of benefits to growing this way, such as being able to grow more with a small amount of space, being able to grow all year long, and having more control over the environment (pests and weather etc).
With this sort of growing, they're seeing much greater yield per crop cycle.
You can find vertical farms today already established in the U.S., Europe, and Asia. Some of them, such as the growing project by Plenty, are capable of feeding more than 150,000 people with the food that they are able to grow.
What About Quality...
With the vertical growing method, the crops are being grown without your traditional soil and sunlight, instead they are sprayed with water and nutrients, and because of this some wonder what the quality of the produce might be like.
Professor Bugbee from Utah State University, who teaches crop physiology, has previously admitted that using artificial sunlight could be a problem for growing. This is because, he says, sunlight is the golden standard when it comes to nutritional quality.
As far as taste, there are skeptics as well. However, some who've found the growing technique less appealing at first, such as Marion Nestle who is a professor of nutrition at NYU, have admitted to a change of mind later on. According to Nestle, the items that she sampled had tasted superior to those that might have been on the road for a week before finally making it to the local grocery market, where she likely purchases her produce.
Will the produce that's grown vertically be as nutritious? That, experts say, will all depend upon the nutrient solution that the produce is being grown with. It's been suggested that produce which is grown vertically, using this growing technique, could be just as good as those grown in a traditional manner.
Pics:
Pixabay
Sources:
https://www.businesswire.com/news/home/20180227005770/en/7.4-Bn-Vertical-Farming-Market---Forecasts
http://fortune.com/2018/02/28/bowery-indoor-farm-technology/
https://www.worldatlas.com/news/why-vertical-farming-is-the-agricultural-revolution-we-ve-been-waiting-for.html
https://www.whatech.com/market-research/food-beverage/442959-research-delivers-insight-into-the-vertical-farming-market-projected-to-reach-6-4billion-by-2023
http://www.bbc.com/future/story/20170405-how-vertical-farming-reinvents-agriculture
http://www.cbc.ca/news/business/vertical-farms-indoor-farming-1.3911835
https://mobile.nytimes.com/blogs/well/2016/12/23/are-hydroponic-vegetables-as-nutritious-as-those-grown-in-soil/
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Thanks for sharing
I was onboard until I heard about the lack of sunlight and nutrient solution spray lol.. I mean I still think this technology is extremely useful if you don't have sunlight or are in space.
Very Cool, didnt know this type of farming was even possible!
Hello @doitvoluntarily, if vertical farming would give us 7 billion by 2023, why dont we subscribe to it and forget about the traditional method of farming. And you made mention of quality content too
Its really a good news for me because i have a Farm quite like a vertical farm in my backyard. I am planing to increase its size by purchasing some small piece of land. Your information give hope to chasing my dream to become a Successful farmer by own a Vertical farm.
Se lee y se ve como una excelente propuesta. En cambio, en nuestro país, Venezuela, el fallecido presidente Chávez quiso implementar este mecanismo o técnica y fue un gran fracaso. Hasta se le ocurrió los famosos gallineros verticales. Creo que cualquier proyecto, por muy bueno que sea, necesita control y materiales de primera. Gracias por este post.
It seems like such a good and obvious thing to do, I wonder why I've never heard of this before. As for concerns about artificial light, why couldn't this be done outdoors?
This is awesome! I am planning on starting an at home mushroom grow and considering going vertically at the same time or shortly there after. Thanks for the read, I'll be following!
Good Post DIT... especially IF the shtf, we could see many European countries, the USA and elsewhere if we indeed see either significant inflation or depression times that's possibly coming soon to a grocery store
near You...
People will be forced to start growing their own food out of necessity to eat.
Thanks Again DIT...
Cheers !!
Muy buen post amiguita, te felicito saludos