NEW YORK, Nov. 16, 2016 /PRNewswire/ -- Vertical farming is a closed environment in which plants are grown under lights in shelves stacked one on another. All the elements needed for plant growth are artificially controlled, a process that removes detrimental influences such as poor weather conditions and pesticides and Traditional agriculture lives at the mercy of the elements. A plant factory is run based on science. Science is used to produce plants based on carefully controlled spectrum best for plant growth, to produce plants of a fixed quality, quantity, cost, time to harvest, and tuned to control the sale price.
Vertical farming is a modern cultivation practice of growing plants in a closed environment on vertical surfaces or skyscraper greenhouses. This practice uses artificial lighting and metal reflectors in replacement to natural sunlight.
Supply – Demand Scenario:
Global Vertical Farming market was 600 million USD in 2014 and is estimated to reach XX billion by 2020.
Growth by Region:
North America , leads a market with a share of XX% in 2014.The region is expected to be a fastest growing during a forecast period.