Just Vertical (Canada), a manufacturer of home-based hydroponic farming solutions, announced its agreement with NexTech’s Aritize (Canada) on the 23rd of April 2019. Just Vertical manufactures hydroponic farming units which are integrated into home furniture to minimize space requirements for farming while also seeking to maximize farming functions in a residential environment. It provides a home-based growing solution with pods, seeds, lights, and the necessary rail systems that are integrated into a single product. The partnership with NexTech’s Aritize is expected to overhaul Just Vertical’s existing infrastructure and provide augmented reality support to its website to help consumers analyze the product in a virtual space in their homes.

Evonik (Germany), one of the largest specialty chemicals company, announced its distribution agreement for dairy feed additive with Halchemix (Canada). Evonik has four business segments—nutrition & care, resource efficiency, performance material, and services. It offers feed additives such as amino acid and probiotics under the animal nutrition business line of nutrition and care segment. While, Halchemix is focused on well researched feed additives, including amino acids, phytase, enzymes, and water acidifiers.

Marrone Bio Innovations, a developer and producer of biological crop protection solutions, received patent approval from the United States Patent and Trademark Office on 13th February 2019 for its MBI-110 Bacterium, which is designated as an antifungal and growth promotion composition.

Nagesh Manepalli - Head of Research : Food, Beverage, Animal Nutrition & Agriculture, at MarketsandMarkets™, shares his Point of View. Blockchain has been acknowledged as a disruptive technology in terms of compliance, traceability and fraud control. The developments in the recent past reflects the advancements in blockchain technology with wide adoption in food and agriculture supply chain:

In the recent past, Indoor farming technology is gaining traction across the world. Moreover, the integration of latest technologies is bolstering the farming technology to move at a faster pace. Advance agricultural science coupled with investment flow is a perfect match to ensure the world is expected to have a new wave towards indoor farming.