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The global indoor farming technology market is estimated at USD 14.5 billion in 2020 and is projected to grow at a CAGR of 9.4%, to reach USD 24.8 billion by 2026.
Indoor farming is followed to bolster local food supplies and provide nutritious, fresh produce to consumers. This method of farming controls plant-fertilizing nutrients, so the food that is grown using this technique is highly nutritious.
In indoor farming, a wide variety of crops such as leafy vegetables, herbs, vegetables, fruits, microgreens, and flowers can be grown. Indoor vertical farming systems provide organic food that is not contaminated with agrochemicals. These form the major driving forces for the indoor vertical farming along with the increasing consumer demand for pesticide- and herbicide-free food.
AP Business Writer
This Thursday, Jan. 14, 2021 photo provided by AppHarvest shows tomatoes being grown in their Morehead, Ky. facility. The company is one of several big players in the fast-growing indoor farming space. Experts say tech advances from the cannabis industry and lower-cost, energy efficient LED bulbs are helping fuel growth, along with increasing customer demand for sustainable food. (AppHarvest via AP)
AppHarvest an indoor farming company backed by Martha Stewart thinks the agriculture sector is ripe for disruption. And now, its tomatoes are ripe for eating.
The Morehead, Kentucky-based company said Tuesday it has begun shipping beefsteak tomatoes to Kroger, Walmart, Publix and other grocers. Eventually, AppHarvest plans to ship 45 million pounds of tomatoes each year from its 60-acre indoor farm in Morehead.
AppHarvest an indoor farming company backed by Martha Stewart thinks the agriculture sector is ripe for disruption. And now, its tomatoes are ripe for eating. The Morehead, Kentucky-based company said Tuesday it has begun shipping beefsteak tomatoes to Kroger, Walmart, Publix and other grocers. Eventually, AppHarvest plans to ship 45 million pounds of […]