Vertical Farming Is the Future

                                   Author: Evelyn Zhong                      Email: [email protected]                     Mobile: +86 134 3281 7009

Vertical farming has several applications, such as indoor and outdoor farming. According to 2022 market report by Allied Marker research, the vertical farming market size was valued at $3.24 billion in 2020 and is expected to grow from $4.21 billion in 2021 to $5.04 billion in 2022 at a compound annual growth rate (CAGR) of 19.72%. Compared with data in 2020, the market size is projected to reach $24.11 billion by 2030, registering a CAGR of 22.9%.

In fact, the emergence and rapid development of vertical farms is an imperative trend. The global population is expected to surge from 7.8 billion to 9.7 billion between 2020 and 2050, according to estimates from the United Nations. Nearly two-thirds of them are likely to live in urban areas. 

In order to meet the high expectations of a growing population, high priority must be given to increasing sustainable food production and agricultural productivity in the coming years. Vertical farming is the most efficient remedy.

On the other hand, the pandemic has become a major concern for farmers around the world, limiting access for agricultural laborers and causing problems related to international supply chains. These factors contribute to the development of the vertical farming trend. The vertical farming market has experienced lucrative growth during the pandemic due to increased interest in urban farming as a means of relieving mental stress and addressing localized food shortages.

How does it run effectively? Vertical farming techniques produce nearly 240 times the yield of conventional farms, require 99% less land and use 98% less water. Vertical farming operates on controlled environmental resources and can also be done in agriculturally disadvantaged locations such as shipping containers, vacant warehouses, skyscrapers, etc., because they are stacked vertically rather than spread out over a vast land.

Follow this important and promising market trend, Atop has worked with thousands of urban growers and large scale commercial farmers to complete vertical farming projects one after another. We provide customers with professional growth lighting guidance and setups. Feel free to contact us for any product demands relating to vertical farming.