QYR Market Research Global Vertical Farming and Plant Factory Market | Página 4

QYResearch
In the near term, most vertical farms will focus on high-return and short-
rotation crops such as salad greens, with nearby restaurants often buying all of
the production. Whether vertical farms will become more International is
uncertain, but the innovative vertical farms currently under construction or
already in production are being closely observed by urban planners and the
sustainable agriculture community.
The global vertical farming market is quite young till, despite all the frenzy and
extremely positive message spreading on the internet. In terms of revenue, it
was valued at 198.73 million USD in 2017, but it will surge rapidly in the future.
It is estimated to be worth 637.21 million USD by 2023, with the average annual
growth rate of 30.54% from 2017 to 2022. In terms of Acreage, the global
vertical farming accounted for 52789 Sqm. in 2017, and is anticipated to reach
159438 Sqm by 2022. Overall, the longterm industry performance is positive.
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