Vertical Farming Market Report and Forecast 2021-2026

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The global vertical farming market size was valued at USD 3.89 billion in 2020. It is anticipated to expand at a compound annual growth rate (CAGR) of 23.6% over the forecast period. This is attributed to the growing adoption of environment-friendly production of fruits and vegetables. The unprecedented growth of the global population has increased the demand for urban agriculture. Vertical farming is the practice of producing food in a vertically stacked-layer such as a used warehouse, skyscraper, or shipping container. Organic foods are perceived as healthier, nutritious, safer, and more environmentally friendly.
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The growth in the global pain management devices market is induced by the rising prevalence of chronic diseases such as cardiovascular disease, cancer, musculoskeletal disease, and neurovascular disease. Such diseases have a negative impact on a person’s health by reducing immunity and causing chronic pain.