IGS | Scotland.org
From buzz word to big business
Growing produce closer to where it will be consumed also means a reduced burden on the global supply chain, resulting in huge sustainability gains for Scotland's food industry. As green investors and economic analysts eye the vertical farming sector with interest, business intelligence firm IDTechEX forecasts that the future of the vertical farming industry will rise from its current value of $709 million to $1.5 billion by 2030.
"The business is firmly on a trajectory for substantial growth", adds David. “Over the coming year interest continues to come from customers across the globe”. In recent months, IGS has signed with customers in the Middle East and Europe, and its team continues to grow at pace to support international opportunities and research and development. In the last year IGS has grown its team of specialists from 42 to 94.
With the increased attention being given to vertical farming, competition is growing. “IGS cannot afford to stand still, which is why we are currently in the process of establishing a new dedicated research and development centre." IGS's new facility, which will focus on hardware development, will further support their Crop Research Centre, located at the James Hutton Institute, near Dundee.
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