Market Research Reports - Ken Research North America Indoor Farming Market Revenue

North American Vertical Farming Market to Expand With Ameliorating Economic Conditions:
Ken Research
Increasing urbanization and continuous rise in population have resulted in the growing demand
for food around the globe. Governments all around the globe have started grasping the
importance of food security for their respective nations. Due to limited arable land availability
and land being an exhaustive resource, while the population is rising meteorically every
moment, it is imperative that new sources of food production (that is new ways of farming) are
devised.
This problem of increasing demand for food and limited land availability can be solved with the
help of vertical farming, which acts as a substitute for traditional farming, produces more yields
and removes dependency on land, pesticides, fertilizers and other chemicals. The need for
vertical farming has become more imminent by growing concern over declining water levels
and growing severity of drought problem. By producing 70% more crop despite using around
90% less water as compared to conventional farming, vertical farming has reiterated its
importance. Independence from usage of chemicals to increase productivity due to vertical
farming has also led to alleviating concerns of people regarding harmful effects of chemicals
used and meeting increased demand for organic farm produce.
However, there are several market growth deterrents present as well, such as the technology
used to set up a vertical farm is still in the developmental phase and there is high initial
investment which is needed to set up even a single farm. This has restrained the market from
growing at its full potential. Further, at present not all crops can be grown by this method and
thus it is needed that investment is done in research and development in this market to find
out innovative ways to grow all crops by vertical farming.
The report titled “North America Vertical Farming Market by Manufacturers, Countries, Type
and Application, Forecast to 2022” focuses on the Vertical Farming Market in USA, Canada and
Mexico. It predicts the trajectory of the market in the near future while identifying the key
sectors that are driving the growth in the market. Studying the market from various angles by
categorizing it on the basis of manufacturers, types, applications and countries, the report
provides a detailed and layered outlook to the North American Vertical Farming market.
Some of the leading manufacturers in this market are namely- AeroFarms, Gotham Greens,
Bright Farms, Vertical Harvest, Home Town Farms, Infinite Harvest, Lufa Farms, Beijing IEDA
Protected Horticulture, Farmed Here, Garden Fresh Farms, Metro Farms, Green Sense Farms,
Mirai, Green Spirit Farms, Indoor Harvest, and Sky Vegetables.
With the help of strong R&D established there, sound technical expertises, ample availability of
capital through venture capitalists; North America provides ample opportunities for the Vertical