Top 9 Influential Leaders Transforming the Field of Vertical Farming

17 Nov, 2023 | Blogs

Vertical Farming Market

The term "vertical farming" refers to a kind of farming in which crops are grown in stacked layers without the need for soil by use of artificial lighting, temperature control, and humidity regulation. Hydroponics, aeroponics, and aquaponics are all methods of farming in which nutrients are delivered to plants without the need for soil.

Growing crops vertically in a controlled environment may increase yields while decreasing the land and water required for farming. It's better for the environment since it reduces the fuel used to transport fruits and vegetables. The capacity to produce crops year-round, notwithstanding weather conditions, is only one of the many benefits of vertical farming. Other advantages include the reduced need for pesticides and herbicides and the cultivation of crops in limited-space urban settings.

However, the initial investment and ongoing upkeep may be considerable, especially considering the energy needed for artificial lighting and temperature control. As the world's population rises and the need for food rises, vertical farming might become more important.

Market Stimulants

Vertical farming is attracting farmers, investors, and academics. This new agricultural practice is growing due to several market stimulants. This article will examine some of these market stimulants and their impact on vertical farming. Vertical farming is driven by population expansion and urbanization. Food demand rises with population growth. More people are flocking to cities, making local food production harder.

Vertical farming solves this by enabling farmers to cultivate crops in a controlled setting near where they are eaten. This lowers transportation costs, assures fresh products, and tackles food security issues. Furthermore, climate change and environmental concerns also boost vertical farming. Traditional agriculture causes greenhouse gas emissions, soil deterioration, and other environmental issues. Vertical farming is greener than conventional farming.

This technology minimizes water use, removes artificial fertilizers and pesticides, and lets farmers produce crops year-round under regulated conditions. Automation, AI, and machine learning help vertical farming. These tools let farmers monitor and manage temperature, humidity, lighting, and nutrient levels, increasing yields and lowering expenses.

Vertical farming also grows due to the rising demand for local and organic goods. Fresh, organic produce's health and environmental advantages are growing in awareness. Vertical farming reduces the use of pesticides and other hazardous compounds in food production. Vertical farming is gaining popularity as a sustainable and creative agricultural practice.

This business is growing because of population increase, urbanization, climate change, environmental concerns, technological developments, and demand for locally produced organic products. Vertical farming will undoubtedly continue to supply the world's expanding food needs.

Top Market Players

AeroFarms

Aerofarms

AeroFarms is a New Jersey firm that uses aeroponics to cultivate plants in vertical greenhouses. The company's closed-loop aeroponic vertical farming technology cultivates microgreens, herbs, and other leafy greens. LED lighting and a nutrient-rich mist are used in this system to give plants everything they need to thrive. The company's vertical farm is located in a climate-controlled facility, which enables year-round production, cuts water use by as much as 95%, and eliminates the need for pesticides and herbicides. AeroFarms has partnered with numerous major grocery stores, including Whole Foods and ShopRite, and has generated over USD 300 million in investment.

Plenty Unlimited Inc

plenty unlimited

Produce is grown in vertical farms using hydroponic technology by Plenty Unlimited Inc. of California. The modular design of the company's vertical farms makes expansion and adaptation simple. The farms are in a climate-controlled setting, wherein leafy greens, strawberries, and tomatoes are grown using LED lighting and a hydroponic system. The company's vertical farms may increase production by 350 times per square foot, use 95% less water, and do not need pesticides or herbicides compared to conventional farming. Plenty has received over USD 500 million in finance and has formed relationships with numerous major grocery store chains.

Kalera

Kalera

Kalera is a Florida-based firm that cultivates food in vertical farms using hydroponic methods. The LED lighting and cutting-edge automated technologies employed in the company's indoor vertical farms are designed to maximize crop harvests. Producing 350 times more output per square foot than conventional farming while using up to 90% less water, Kalera's vertical farms are the future of agriculture. The firm is affiliated with Publix and Whole Foods, two of the nation's largest supermarket chains.

AppHarvest

Appharvest

AppHarvest is a startup located in Kentucky that cultivates food in industrial-sized greenhouses using hydroponic methods. Greenhouses built by the firm employ renewable energy sources like solar and natural gas to cut down on operational expenses. High-demand crops like tomatoes and strawberries are the primary emphasis of AppHarvest's greenhouses, which can produce throughout the year. The firm has partnered with numerous big grocery stores, including Walmart and Kroger, and has secured over USD 600 million in capital.

Signify Holding

Signify

The Dutch business Signify Holding is a frontrunner in vertical farming LED lighting. The company's LED lighting systems provide optimized light spectrums and low energy consumption; they were developed with vertical farms in mind. To maximize yields while minimizing energy expenditures, growers may employ Signify's LED lighting systems to mimic natural sunshine.

Heilospectra AB

Heliospectra

The Swedish firm Heilospectra AB has made a name for itself as a leading provider of LED lighting for vertical farms. LED lighting solutions from this firm are optimized for plant growth by supplying particular light spectrums and high efficiency. The products of this firm are put to use in vertical farms all over the globe, where they have been demonstrated to boost harvests and enhance plant health.

Valoya

Valoya

Finnish firm Valoya manufactures and sells LED lighting systems for greenhouses, indoor grow rooms, and other confined spaces. The LED lighting systems produced by the firm make use of the firm's unique light spectrum, which is designed to enhance plant development and growth. Several high-profile vertical farming projects, notably Europe's biggest vertical farm in Copenhagen, have utilized LED lighting systems from Valoya.

Sky Greens

Sky Greens

Singaporean firm Sky Greens has developed an innovative hydraulically powered rotating device for vertical farming. The company's vertical farms are located in towering, revolving towers that maximize the plants' exposure to sunlight. Sky Greens' vertical farms may use as little as one-tenth as much water as conventional farms while producing ten times as much food.

OSRAM GmbH

Osram

OSRAM GmbH is a renowned German LED lighting provider for vertical farming. LED lighting solutions for horticulture provide appropriate light spectrums and energy economy.

OSRAM's LED lighting solutions boost crop yields and plant quality in vertical farms worldwide. The company's LED lighting solutions can replicate natural sunshine, improving yields and lowering energy costs. OSRAM offers vertical farm automation and control systems together with LED lights. Growers can optimize water, nutrients, and light using the company's automation and control technologies. Berlin-based Infarm employs OSRAM's LED lighting systems to grow vegetables in urban surroundings. Infarm's vertical farms grow locally and sustainably in grocery stores, restaurants, and other urban places. OSRAM's LED lighting and automation and control technologies are advancing vertical farming. OSRAM aids contemporary agriculture by giving producers tools to enhance growth conditions and boost yields.


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ABOUT THE AUTHOR(S)

Husain Imran
Husain is a Director in Straits Research. He has been helping Enterprise Tech companies with GTM strategies and audience building for more than a decade. Being an active leader in the domain registry and web hosting space, he leverages his wide reach and network in helping companies to navigate through digital challenges and mitigate cyber risks through consulting.
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