Vertical Farming: The Future of Ag
According to a new report, “Vertical Farming Market by Growth Mechanism, Functional Mechanism and by Geography – Global Forecast to 2022,” the vertical farming market is expected to reach $6 billion by 2022.
The factors driving the growth of the vertical farming market include high-quality food with no use of pesticides, less dependency on the weather for production, growing urban population, increase in year-round production of crops and reduced impact on the environment. But the primary reason for adopting vertical farming technology is it will help increase crop production without increasing additional land area.
According to the report, hydroponics is expected to grow at the highest rate between 2016 and 2022. This growth is attributed to the fact that hydroponic technologies are a less complex method to implement. And, growing crops indoor using hydroponics eliminates the use of equipment used in traditional farming, reducing air pollution significantly.
The report also claims that lighting technology is expected to lead the vertical farming market, in large part due to traditional lighting systems being replaced with LED lighting systems. More farmers are shifting to LED lighting because of its high efficiency and low heat generation.
Is your business adopting any vertical farming technologies? Do you have questions regarding this booming category? If so, you can check out the full report here.
If you are already growing vertically or have big plans to, let me know! I’d love to hear about your progress. Shoot me an email at [email protected].
Greengro Technologies, a provider of eco-friendly green technologies announced it has signed a definitive agreement on a 10-acre $24 million hydroponic indoor farm project with Global Renewable Resources LLC (GRR), a startup in Shaker Heights, Ohio, specializing in sustainable technologies and renewable energy. The deal calls for GRR to purchase a Glass Greenhouse Franchise marketed by Greengro subsidiary BP Gardens Inc. The project will use advanced technology and production methods from Greengro’s subsidiary Biodynamics, a leader in indoor controlled environment agriculture. “The company will focus on hiring military veterans to run production operations,” said Greengro CEO James Haas. “And 5 percent of the total production is earmarked for donation to Feeding America.”
Florida-based OrganicaWorld LLC is doubling in size and expanding to build two more greenhouses in Groveland, each spanning 350,000 square feet. To keep up with the $45 billion-a-year organic foods industry, OrganicaWorld is investing $25 million to construct the new facilities in 2017 in an effort to increase its domestic production of organic vegetables, microgreens, herbs and medicinal plants. All of the greenhouses are equipped to grow each non-GMO seed to organic standards in a controlled environment.
Ocean Bio-Chem Inc. recently announced that its label amendment on PERFORMACIDE Hard Surface Disinfectant has been approved by the EPA, to include the additional usage sites of hydroponic and indoor horticulture operations. PERFORMACIDE (EPA Reg. No. 87508-3) is a chlorine dioxide–based mold and mildew eliminator that does not leave any residue on surfaces after it has dried. Peter Dornau, CEO of Ocean Bio-Chem, said with recent changes in many state laws involving hydroponic and infused product facilities, the company is positioned to grow its chlorine dioxide–based products in the growing market.