Vertical Farming Market Is Expected To Grow At A CAGR of 22.4% Through The Forecast Period
“The global vertical farming market size was valued at USD 1.15 billion in 2015. The increased use of Internet of Things (IoT) sensors, for producing crops, is likely to spur the market demand over the forecast period�
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. Access Full Research Report on Global Vertical Farming Market : http://www.grandviewresearch.com/industry-analysis/vertical-farming-market Genetically modified organisms and environmental & health effects of pesticides & other non-natural substances that are used for increasing agricultural production have encouraged the consumers to adopt organic foods. According to the Organic Trade Association, the U.S. organic industry sales increased by 11% in 2015, owing to the
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