India Vertical Farming Market

Market Overview:

The India vertical farming market is expected to exhibit a growth rate (CAGR) of 25.4% during 2023-2028.

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 report, along with forecasts at the country and regional level from 2023-2028. 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: