iFarm, a Cutting-edge technology companies, is revolutionizing the future of farming with its innovative approach to controlled environment agriculture. In a significant development, the company announced on July 2021, the commencement of construction on a state-of-the-art vertical farm in Switzerland.
The client behind this ambitious project is High Grow, a company that has partnered with iFarm to leverage its proprietary iFarm Grow Technology. This top-notch robotic farm is slated to begin operations in the summer 2025.
iFarm’s innovative technology enable the creation of optimized growing conditions, ensuring maximum crop yield while minimizing environmental impact. The company’s cutting-edge solutions include advanced climatic control, precision integration, and automated crop monitoring.
This Switzerland based vertical farm will showcase its expertise in designing and improving sustainable and efficient agriculture system. By using the power of technology, iFarm is poised to transform the future of farming, enabling growers to produce high-quality crops while reducing their ecological footprints. As the grapples with the challenges of food security and sustainability, iFarm pioneering work is set to make a significant impact on its growth.
The farm will make the use of iFarm StackGrow technology which is fully automated system with a range of mobile trays that grows plants on vertical farms. These robotics farms has the automated system that washes trays and cutting plants.
According to the Coherent Market Insights, the global vertical farming market is set to surge at a CAGR of 10.30% between 2022 and 2030. In 2030, profit generated by the use of vertical farming will reached at US$ 21.34 Billion from US$ 11.55 Billion. Increasing urbanization and consumption of organic food will drive demand in the vertical farming industry.
Moreover, growing need for locally produced food and scarcity of land to grow crops is another factor leading to market growth. Additionally, increasing usage of advanced technology including hydroponics, aeroponis, and internet of things will fuel growth.
North America is expected to take centerstage in the global vertical farming market during the forecast period. This is owing to growing trend towards fresh from farm to table. However, growing demand for organic and naturally produced food and rising demand for biopharmaceutical products will drive growth in the region.
Growth in precision farming methods will also drive demand in the global market. High demand of vertical farming will lead to advent of harvesting robot, greenhouse roof washer, and automatic seed planter.
Moreover, automating plant movement is also gaining popularity in the advent of greenhouse roof washers, and automatic seed planters. It includes unit task of popularity, packaging, harvesting, and cleaning these factor will lead to propel growth.
Increasing cultivation of cannabis through vertical farming is poised to provide significant growth opportunities in the market. Another reason is rising adoption of technology driven and steady economic growth will provide opportunities for growth.
