Although less well-known than vertical farming businesses in the United States, Europe, or the Middle East, Asian vertical farms are no less sophisticated and some even produce on par with or better than their western counterparts.
East and Southeast Asia are among the most populous regions on earth, home to between 2 and 3 billion people. The nations in the area are looking for viable solutions to reduce the risks and guarantee a certain level of food security for their people in the face of several problems, including an older population, fewer farmers, the effects of climate change, and a reduction in arable land.
As a result of the pandemic and the recent increase of COVID cases in the area, governments are under even more pressure to find long-term fixes for the supply chain disruptions that are now occurring. As a result, some have acted boldly and quickly to further push FoodTech solutions. As a result, start-up businesses, particularly in the vertical farming industry, have spread throughout the region.
Vertical farming businesses in Japan, South Korea, Taiwan, Singapore, and Malaysia have been in the news recently as a result of record-breaking funding rounds, fresh alliances for regional and/or global expansion, the capacity to grow crops using only robotics, and initial public offerings in key financial centers in the region.
Leading Solution Provider, South Korea
There are several solution suppliers in South Korea that provide their technology to vertical farm operations there as well as in other nations.
For instance, PlanTFarm recently agreed to a joint venture between them and Premium Group of Mongolia to set up an agri-tech firm in Mongolia, to construct and operate indoor vertical farms this year. According to a recent article from Pulse News, the project, upon completion, would represent the first indoor vertical farm in the country.
Image provided by Spread Ag.