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India Vertical Farming Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The India vertical farming market is expected to exhibit a CAGR of 26.93% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Vertical farming refers to the process of planting and growing crops vertically. It involves the use of various components, such as lighting, irrigation, sensor, climate control and building material. Butterhead, winter boar, chives, mint, small woody herbs, red leaf, romaine, Tuscan and basil are some of the crops grown through vertical farming. It is a nontraditional method that assists in high yield by causing negligible effect on climate, reducing the amount of pesticide usage, and consuming less water and area requirement. Due to these properties, vertical farming is considered a reliable and environmentally friendly solution, that is also highly energy-efficient and reduces transport costs.

India Vertical Farming Market Trends:

The growing need for independent farming practices across the country is creating a positive outlook for the market growth. Vertical farming is widely adopted as it requires less space and provides higher productivity. Additionally, the increasing product utilization to produce organic and good quality nutritious food as it assists in creating a stable and sustainable year-round food supply is contributing to the market growth. Apart from this, numerous technological advancements, such as the integration of the Internet of Things (IoT) with mobile and drones to provide real-time information on crop health, are providing an impetus to the market growth. The increasing demand for vertical farming can also be attributed to the rising environmental consciousness amongst farmers as it reduces the amount of land and water needed for its production, thus positively impacting the market growth. Other factors, including the scarcity of land for farming and the increasing demand for stabilized crop production irrespective of climatic changes, are anticipated to drive the market further toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India vertical farming market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on component, structure, growth mechanism and application.

Breakup by Component:

  • Irrigation Component
  • Lighting
  • Sensor
  • Climate Control
  • Building Material
    • Glass Greenhouse
    • Plastic Greenhouse
  • Others
     

Breakup by Structure:

  • Building-based Vertical Farms
  • Container-based Vertical Farms
     

Breakup by Growth Mechanism:

  • Hydroponics
  • Aeroponics
  • Aquaponics
     

Breakup by Application:

  • Indoor
  • Outdoor
     

Breakup by Region:

  • North India
  • West and Central India
  • South India
  • East India
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Component, Structure, Growth Mechanism, Application, Region
Region Covered North India, West and Central India, South India, East India
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    India Vertical Farming Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Filter Component
    6.1    Irrigation Component
        6.1.1 Market Trends
        6.1.2 Market Forecasts
    6.2    Lighting
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Sensors
        6.3.1 Market Trends
        6.3.2 Market Forecasts
    6.4    Climate Control
        6.4.1 Market Trends
        6.4.2 Market Forecasts
    6.5    Building Material 
        6.5.1 Market Trends
        6.5.2 Key Segments
           6.5.2.1 Glass Greenhouse
           6.5.2.2 Plastic Greenhouse
        6.5.3 Market Forecast
    6.6    Others
        6.6.1 Market Trends
        6.6.2 Market Forecast
7    Market Breakup by Structure
    7.1    Building-based Vertical Farms
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Container-based Vertical Farms
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Growth Mechanism
    8.1    Hydroponics
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Aeroponics
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Aquaponics
        8.3.1 Market Trends
        8.3.2 Market Forecast
9     Market Breakup by Application
    9.1    Indoor
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Outdoor
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Region
    10.1    North India
        10.1.1 Market Trends
        10.1.2 Market Breakup by State
        10.1.3 Market Forecast
    10.2    West and Central India
        10.2.1 Market Trends
        10.2.2 Market Breakup by State
        10.2.3 Market Forecast
    10.3   South India
        10.3.1 Market Trends
        10.3.2 Market Breakup by State
        10.3.3 Market Forecast
    10.4    East India 
        10.4.1 Market Trends
        10.4.2 Market Breakup by State
        10.4.3 Market Forecast
11   SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14   Price Analysis
15    Policy and Regulatory Landscape
16    Competitive Landscape

    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players

List of Figures

Figure 1: India: Vertical Farming Market: Major Drivers and Challenges
Figure 2: India: Vertical Farming Market: Sales Value (in Million US$), 2016-2021
Figure 3: India: Vertical Farming Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: India: Vertical Farming Market: Breakup by Component (in %), 2021
Figure 5: India: Vertical Farming Market: Breakup by Structure (in %), 2021
Figure 6: India: Vertical Farming Market: Breakup by Growth Mechanism (in %), 2021
Figure 7: India: Vertical Farming Market: Breakup by Application (in %), 2021
Figure 8: India: Vertical Farming Market: Breakup by Region (in %), 2021
Figure 9: India: Vertical Farming (Irrigation Component) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: India: Vertical Farming (Irrigation Component) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: India: Vertical Farming (Lighting) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: India: Vertical Farming (Lighting) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: India: Vertical Farming (Sensor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: India: Vertical Farming (Sensor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: India: Vertical Farming (Climate Control) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: India: Vertical Farming (Climate Control) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: India: Vertical Farming (Building Material) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: India: Vertical Farming (Building Material) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: India: Vertical Farming (Other Components) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: India: Vertical Farming (Other Components) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: India: Vertical Farming (Building-based Vertical Farms) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: India: Vertical Farming (Building-based Vertical Farms) Market Forecast: Sales Value (in Million US$), 2022-2027 
Figure 23: India: Vertical Farming (Container-based Vertical Farms) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: India: Vertical Farming (Container-based Vertical Farms) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: India: Vertical Farming (Hydroponics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: India: Vertical Farming (Hydroponics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: India: Vertical Farming (Aeroponics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: India: Vertical Farming (Aeroponics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: India: Vertical Farming (Aquaponics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: India: Vertical Farming (Aquaponics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: India: Vertical Farming (Indoor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: India: Vertical Farming (Indoor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: India: Vertical Farming (Outdoor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: India: Vertical Farming (Outdoor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: North India: Vertical Farming Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: North India: Vertical Farming Market: Breakup by State (in %), 2021
Figure 37: North India: Vertical Farming Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: West and Central India: Vertical Farming Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: West and Central India: Vertical Farming Market: Breakup by State (in %), 2021
Figure 40: West and Central India: Vertical Farming Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: South India: Vertical Farming Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: South India: Vertical Farming Market: Breakup by State (in %), 2021
Figure 43: South India: Vertical Farming Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: East India: Vertical Farming Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: East India: Vertical Farming Market: Breakup by State (in %), 2021
Figure 46: East India: Vertical Farming Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: India: Vertical Farming Industry: SWOT Analysis
Figure 48: India: Vertical Farming Industry: Value Chain Analysis
Figure 49: India: Vertical Farming Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: India: Vertical Farming Market: Key Industry Highlights, 2021 and 2027
Table 2: India: Vertical Farming Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: India: Vertical Farming Market Forecast: Breakup by Structure (in Million US$), 2022-2027
Table 4: India: Vertical Farming Market Forecast: Breakup by Growth Mechanism (in Million US$), 2022-2027
Table 5: India: Vertical Farming Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: India: Vertical Farming Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: India: Vertical Farming Market: Competitive Structure
Table 8: India: Vertical Farming Market: Key Players


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Key Questions Answered in This Report

We expect the India vertical farming market to exhibit a CAGR of 26.93% during 2022-2027.

The rising environmental consciousness has led to the increasing adoption of vertical farming as it reduces land and water requirement, is primarily driving the India vertical farming market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation resulting in temporary halt in various agricultural activities, thereby negatively impacting the vertical farming market in India.

Based on the component, the India vertical farming market has been segmented into irrigation component, lighting, sensor, climate control, building material, and others. Currently, lighting holds the majority of the total market share.

Based on the structure, the India vertical farming market can be divided into building-based vertical farms and container-based vertical farms, where container-based vertical farms exhibit a clear dominance in the market.

Based on the growth mechanism, the India vertical farming market has been categorized into hydroponics, aeroponics, and aquaponics. Among these, hydroponics currently account for the majority of the total market share.

Based on the application, the India vertical farming market can be segregated into indoor and outdoor. Currently, indoor holds the largest market share.

On a regional level, the market has been classified into North India, West and Central India, South India and East India, where South India currently dominates the India vertical farming market.

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