With decreasing amounts of arable land due to growing urbanisation and climate change, the agricultural industry is facing a crisis. These problems are further exacerbated by the pandemic and various geopolitical events, placing increasing strain on the food supply chain and threatening mass starvation. To this end, vertical farms have shown promise in helping solve these crises by providing decentralized farming centres, higher growing densities, and a decoupling from climate effects through environmental control systems. The vertical farming industry has thus attracted a great deal of interest over recent years, raising over $1 billion in funding in 2021. However, the reality for vertical farms may be more pessimistic: vertical farms are commonly associated with high running costs, a problem leading to the downfall of many such companies.
In this webinar, IDTechEx will discuss how vertical farms can fit in with the coming age of agriculture. This webinar includes
- Discussions on what vertical farms can bring to the agricultural industry
- An overview of several limitations faced by the vertical farming industry today
- Several possible methods for vertical farms to increase profitability
This webinar is based on IDTechEx's latest detailed technical market report "Vertical Farming: 2022-2032
", which provides a comprehensive overview of the vertical farming industry. Using a combination of primary interviews and secondary research, IDTechEx provides detailed analyses and market outlooks across a range of industries. This report offers relevant current information from both technical and commercial points of view, along with insights into this rapidly evolving industry.