The vertical farming process can increase productivity because of its ability to grow in artificial lights, with less water and less usage of pesticides. Vertical farming is the practice of producing crops in vertically stacked layers or inclined surfaces with the help of controlled environment agriculture technology. Hydroponics is included in vertical farming which uses 70 percent lesser water than normal agriculture. Vertical farming gives the farming industry an ability to grow crops within urban environments and thus have fresher foods available at a faster rate and at low costs.
THE BUSINESS RESEARCH COMPANY VALUED THE GLOBAL GREENHOUSE, NURSERY, AND FLOWERS MARKET AT $1 TRILLION IN 2017
Asia pacific was the largest geographic region in the global greenhouse, nursery, and flowers market accounting for three fifth of the total market share.
The chart below shows the year-on-year growth of the global greenhouse, nursery, and flowers market during 2017 – 2021
According to The Business Research Company’s Consultant, Nitin Gianchandani, nowadays, customers are themselves locating and sharing their floral likings and décor opinion through digital media. With growing use of flowers to express emotion among the millennials, other than decorating themselves, they are growing to be top priority for the companies in this market.
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Color Sport Nurseries was the largest competitor in the global greenhouse, nursery, and flowers market, with revenues of $7.5 billion. As a growth strategy, Color Spot has aggressively managed its business to optimize market opportunity and streamline internal operations while under Rimini Street Support for the past three years, including making acquisitions to enter or consolidate markets. To enable this growth and expansion, Color Spot has expanded its use of SAP, including the purchase and deployment of new SAP licenses and has relied on Rimini Street for support of its growing, changing SAP footprint.
Greenhouse, nursery and flowers market includes establishments involved in growing any kind of crops under cover and growing nursery stock and flowers. Under cover is referred as greenhouses, cold frames, cloth houses and lath houses. The crops are produced at various stages of maturity and have an annual or perennial life cycles.
Greenhouse, Nursery, And Flowers Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
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