What Are The Emerging Markets in Indoor Farming?
We talk a lot about western countries and indoor farming but what about the emerging markets?
Good morning readers, indoor farms have witnessed impressive growth in recent years, especially in western/occidental countries that have been in the spotlight.
Other regions such as Eastern Europe, Latin America, Africa, and Central Asia are often neglected despite a fair amount of activity in the sector. Indeed, Romania will see its first vertical farm in operation in the coming weeks, African countries (Both North & South) had new companies/projects created in order to develop indoor farming solutions, Latin America has seen important funding rounds, and Central Asia has government plans to further grow the indoor farming sector in their respective countries.
Today, we take a look at the recent investments made in these regions, the potential for growth as well as the future of the sector, and certain challenges that companies may face when expanding in these regions.