Business
Vertical Farm Market Projected to Reach $7.3 Billion
Vertical Farm Market Projected to Reach $7.3 Billion.
About this update from Gp Solutions, Inc.
[{"type":"text","content":"\n\n\n\nVertical Farm Market Projected to Reach $7.3 Billion\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nVertical Farm Market Projected to Reach $7.3 Billion\nGP Solutions listed as a \"key player\" in report that forecasts, \"The vertical farming market is expected to register a CAGR of 20.2% from 2020 to 2025.\"\nPR Newswire\nLOS ANGELES, Sept. 9, 2020\n\n\n\nLOS ANGELES, Sept. 9, 2020 /PRNewswire/ -- GP Solutions, Inc. (OTC:GWPD), developer of GrowPods – innovative controlled environment indoor micro-farms, announced it as listed as a \"key player\" in a new research report and forecast on the Vertical Farming Market. \nAccording to the research, the Vertical Farming Market was valued at USD 3.42 billion in 2019, and it is expected to register a CAGR of 20.2% from 2020 to 2025 to reach USD 7.30 billion.\nGrowPods' specific niche, the Shipping Container Vertical Farms Segment, is projected to grow at a higher CAGR between 2020 and 2025, according to the report. \n\"The market for shipping container-based vertical farms is likely to register a higher CAGR as it is a ready-to-use (plug and play model) solution that can help to cater to the rising demand for fresh and high-quality produce,\" the report stated. \"Shipping container-based vertical farms are flexible, easy to operate, and portable. The rising demand for fresh produce is expected to create notable growth opportunities for this segment in the next few years.\"\nThe report also includes statistics pertaining to the vertical farming market based on growth mechanism, structure, crop type, offering, and region, along with their respective market sizes.\nGP Solutions developed GrowPods so that farmers of all kinds can grow ultra-pure, contaminant-free food and cash crops. GrowPods are transportable, scalable micro-farms that reduce or eliminate the need for pesticides, herbicides and harmful chemicals. The controlled environment inside a GrowPod can help eliminate pathogens, giving farmers the ability to grow a wide variety of robust \"Super Crops.\" \nFor more information on GP Solutions or Gro...