Modern vertical farming is a relatively new technology. The technology has developed rapidly since the establishment of the first modern vertical farm in 2010, and HRVST is at the forefront of this exciting movement. Today, there are several hundred vertical farms operating in Asia, Europe and North America. The sophisticated technology of vertical farming offers a host of advantages, from product quality and consistency to reduced environmental impact. The global vertical farming market was valued at $2.23 billion USD in 2018, and is projected to reach $12.77 billion USD by 2026.