Urban Farming Market’s Utilization of Data in Hybrid Farming Is Proof That the Agriculture Industry Is Making Changes to the Way It Operates
According to the market research report “Urban Farming Market : By Farm Types (Commercial, Social, Leisure, Educational, Therapeutic, Agri-Environmental, Cultural Heritage); By Crop Types (Food and Non-food Crops) and By Geography- Forecast (2016-2021)”, published by IndustryARC, estimates the system will benefit at high level.
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Urban farming market is practiced for growing, processing, and distributing food and other produce through plant cultivation in and around cities for self-consumption or for feeding the local population.
Over the last few years, the focus on urban farming has increased considerably due to the large numbers of people moving to the cities, the effects of climate change and the need to sustain food security. The urban agriculture market is diverse, with multiple farming techniques and various technologies enabling urban farming.
The rising demand for food in the urban regions due to the increase in population makes urban farming an important sustainability factor for global food security.
Scope & Regional Forecast of the Urban Farming Market
The innovations in agriculture farming practices are the key technologies enabling urban farming. The growing population is expected to result in an increased food demand by 2050.
Farmers are likely to witness immense pressure in increasing crop production either by making more land available to grow crops or adopting newer techniques, such as smart agriculture and vertical farming. Traditional farming techniques witness several barriers such as climate change, high labor cost.
Urban growing is likely to increase rapidly across the globe throughout the forecast period, owing to numerous factors such as rise in acceptance of organic food, increase in urban population, and decrease on arable land. Genetically modified organisms and environmental & health effects of pesticides & other non-natural substances that are used for increasing traditional agricultural production have encouraged the consumers to adopt organic farming.
However, high initial investments and involvement of nascent technology hamper the market growth.
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In urban farming market, Asia-Pacific will occupy for more market shares in following years, especially in also fast-growing India and Southeast Asia regions. North America will play an important role which cannot be ignored.
Any changes from North America might affect the development trend of farming, plant factory industry. Rising demand for organic, fresh and nutrition produce will propel the investments in urban farming space.
The projects are being established by agri-business firms to meet the need for food service and healthy growth.
Segmentations & Key Players Involved in the Urban Farming Market
The Urban Farming Market can be broken down into various segmentations on the basis of -
- Farm Type: Commercial (Field, Closed Environment and Others), Community, Home Gardens and Others
- Crop Type: Food Crops (Cereals & Grains, Vegetables, Fruits, and Others), Non-food Crops (Aromatic herbs, Medicinal herbs, Ornamental plants) and others
- Geography: Americas, Europe, Asia-Pacific And Rest of the World
Some of the key players involved in the Urban Farming Market are as follows:
- Gotham Greens
- Brooklyn Grange Farm
- UrbanFarmers AG
- GrowUP Urban Farms
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