The global vertical farming market was valued at $5.6 billion in 2022 and is forecasted to grow to more than $35 billion in eight years by 2032. Space efficiency, year-round growing, and harvest cycles have made indoor farming 170 times more productive than outdoor fields. It produces 50 to 100 times more yield per square foot than traditional farming. "Technology in those systems is key to gather, process and control the production systems so the growers can focus on providing the crops what they really need." China, the US, Egypt, Turkey, Mexico, and Germany are the largest consumers of strawberries, accounting for 73% of the global consumption.

Source: Forbes June 12, 2024 20:26 UTC