How Does Shortage of Fertile Land Boost Requirement of Vertical Farming?

The worldwide vertical farming industry has garnered $3.98 billion revenue in 2021, and it is projected to generate $30.2 billion revenue in 2030, rising at a rate of 25.2%. It is ascribed to advantages of the vertical farming, including less consumption of power, water, and land requirements, that facilitates growers to reduce the processing and washing time of produced crops.

In addition, the shortage of agricultural land, and rising demand for organic food are major drivers of the industry. In addition, the advanced agriculture techniques provide support to growers to expand production by more than 230 times crop yields compared to conventional farming.

The cannabis industry is primarily adopting enhanced indoor agriculture to boost productivity. Moreover, the unexpected explosion of the worldwide urban population and the rising focus on the eco-friendly production of fresh fruits and vegetables fuel the application of indoor agriculture.

Furthermore, the rising demand and production of tomatoes have fuelled over the last years. In addition, the growing popularity of green salads fuels the demand for spinach worldwide. Vertical farming companies are producing various types of breeds to fuel production and cater to vegetable demand.

The hydroponics category holds the largest revenue share, at 45%, and it is projected to retain the same position in the coming years. It is ascribed to economic implementation and ease of operation. Hydroponically grown plants produce greater yields compared to soil-growing plants. Such methods provide support in reducing the risk of diseases caused by soil.

The aquaponics category is projected to capture the largest industry share in the near future. It is the combination of aquaculture or fish farming to develop an efficient closed-loop system, that propels the farming of various types of crops without impacting pesticides or harmful chemicals.

The lighting category captures the industry share, ascribing to growing consumer demands for organic foods. The lighting components consist of LED lights, grow light reflectors, pink lights, grow light ballasts, and various types of artificial cultivation lights that support vertical agriculture.

The shipping container leads the industry with more than 50% industry, and it is projected to experience the same trend in the coming future. The major advantages of container farming include easy transportation and less area requirement due to the whole process of crop production in a container.

Such types of cultivation offer more than eight times the growing area, compare to single-level agricultural land. Thus, such cultivation offers nearly eight times better growing area compare to single-level agricultural land, thus it determines food security for a longer period in the city.

APAC holds a significant share of the industry, with more than 32% in 2021. The Indian vertical farming industry is projected to rise rapidly in the coming years. Due to the insufficiency of fertile agricultural land and the growing population, vertical agriculture is massive adoption in the region.

Therefore, the shortage of agricultural land fuels the demand for vertical farming industry.

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Why People Are Preferring Smart Lighting Nowadays?

The introduction of smart lighting or the upgrade of the conventional lighting seems a rather interesting thing. With the upgradation in technology, smart lighting has become rather popular, because of its many benefits associated with it, one of the most peculiar being the elimination of the manual on/off function.

It has been suggested by market experts that the value of the sales of these products will reach USD 47,674.3 million by the end of the decade. Let us dive into some of the reasons that play a major role in increasing the popularity of smart lighting solutions.

Higher Convenience

First is the convenience associated with the use of these smart lights. You can switch them on and off from anywhere, without going to the physical switches. If you are a late-night reader and do not like to come out of your cozy bed just for switching off the lights, smart lights allow you to switch them through an app or just a voice command.

Significant Energy Savings

If you have still not turned to LEDs and are using those traditional lights, then surely, the time has come for an upgrade. You can even go a notch further by choosing smart lights. This will help you save a lot of power, as most smart lights are LEDs, which are 75% more energy efficient as an incandescent light with a similar power rating.

Smart lights can automatically be switched off when they are not needed. This means that your power bills can be further reduced with the use of LEDs that are smart. This is often achieved with the use of a motion, activity, or daylight sensor.

Different Colors for Different Moods

Gone are those days when you had you had to be content with just one color of the lights. Smart lights can give you different colors, which you can switch according to your mood.

If it is an ordinary day, and you are just doing your usual stuff, then you can stick to cooler or warmer whites, depending upon your preference. And, when you are in a party mood or with that someone special, the colors can become more vibrant or dimmer, as and when you want. Whether it is just a movie for the two of you or a couple’s dance, the lights can adjust accordingly.

Keeping the Place Safe and Secure

This one might come as a surprise to many people, but smart lights can provide safety and security to your home. With a dedicated 'away’ mode, they can randomly switch on even when nobody is at home.

This can make it seem that there is somebody in the house, which can protect your house from becoming the target of burglars or any anti-social element.

Hence, as people become aware of these and many other benefits of smart lights, the demand for this products will only increase.

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