According to Technavio, the Vertical Farming Technologies Market is set to grow by USD 17.81 billion by 2028, registering a CAGR of 31.33%. This market expansion is driven by the increasing need to lower farming labor costs, higher levels of investment, and the growing global demand for food. Vertical farming techniques, such as hydroponics, aeroponics, and aquaponics, are transforming traditional farming by using LED lighting and automation to grow crops without the need for soil. This method enhances productivity and space efficiency, making it ideal for urban areas with limited land availability. The rising focus on sustainable agriculture, combined with the need to address global food security, is pushing vertical farming into the spotlight. As technology continues to evolve, the integration of advanced systems within farming practices is anticipated to increase efficiency and scalability.

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