The global vertical farming market size was valued at USD 3.89 billion in 2020. It is anticipated to expand at a compound annual growth rate (CAGR) of 23.6% over the forecast period. This is attributed to the growing adoption of environment-friendly production of fruits and vegetables. The unprecedented growth of the global population has increased the demand for urban agriculture. Vertical farming is the practice of producing food in a vertically stacked-layer such as a used warehouse, skyscraper, or shipping container.
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