Walmart Invests in Indoor Vertical Farming Startup Plenty

GG 2022-01-26

Vertical farmers tout their high-quality produce that brings higher yields while using less water and land. The method also doesn’t use pesticide, and the produce can be grown year round near the point of distribution, increasing the reliability of supply.

Plenty said its vertical farming towers are designed to grow multiple crops on one platform in a building the size of a big box retail store. Its systems feature vertical plant towers, LED lighting and robots to plant, feed and harvest crops. It says its farms use 1% of the land that an outdoor farm requires while delivering anywhere from 150 to 350 times more food per acre.

The Vertical Farming Market Size and Growth is anticipated to extent \\\$19,864.8 Million by 2028 from \\\$4,300.2 Million in 2021 to grow at 24.4% CAGR from 2021 to 2028 Driven by rapid developments in precision farming technologies, benefits of vertical farming compared to conventional farming, increasing demand for sustainable agricultural ecosystems, mounting demand for food, propelled by the rising global population. October 21, 2021 14:25 ET | Source: The Insight Partners

Among the challengers we have been supported, Futura Gaia has developed their solution based on High-tech geoponic farms.

The new research study on the Vertical Farming Market Size and Forecast to 2028 By Growth Mechanism (Hydroponics, Aeroponics, and Aquaponics) and Component (Lighting, Sensor, Climate Control, Irrigation Component, Building Material, and Others) with Impact Assessment of COVID-19 Pandemic and Global Analysis available at https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00007018