Mexico Vertical Farming Market

Mexico is one of the most populous countries in the world and is forecasted to be the seventh largest economy in the world by 2024, offering many opportunities for investors interested in establishing operations in the vertical farming market. the majority of the population in mexico lives in urban areas, with availability of fresh vegetables and fruits facing severe restrictions due to limited agricultural land. in 2016, mexico had a population of close to 125 million, of which slightly over 80 million resided in urban areas. this population growth has placed significant pressure on available food sources and will continue to do so. vertical farming technologies offer a potential solution for this issue, providing the opportunity for a significant increase in the production of fresh food. vertical farming is a process in which crops are grown in layers up within a building or stack, instead of planting them on acres of land. this type of method uses only a fraction of the traditional land resources, hence, enabling the successful growth of produce even in areas with poor soil fertility.using the correct combination of vertical farming technologies, water, hydroponic systems, and led lighting, mexico's vertical farming market can become more efficient and cost effective when compared to the traditional practices.in addition, since vertical farms require only a small amount of land, they can be built in cities. this offers great potential for the expansion of urban farms, which can cater to the increasing population's demand for fresh produce. this could be particularly beneficial in mexico city, as it ranks in the top four cities in mexico with the highest population. moreover, in mexico, the innovation level of vertical farming technologies is quite low. the potential of these technologies has not been fully explored and accepted by farmers. therefore, if the government supports these initiatives, the number of farmers and companies using vertical farming as an alternative could increase, contributing to the vertical farming market in mexico over the period from 2018 to 2032. finally, with its many advantages, vertical farming has the potential to drive the economy of mexico and provide easy access to fresh and healthy food to people living in urban areas. it is clear that vertical farming helps address the food crisis in mexico, and the sector is expected to see strong growth over the forecast period.