India Vertical Farming Market to Grow at 23.41% During 2024-2032, Bolstered by Increasing Demand for Sustainable Farming

October 18, 2022 | Agriculture

According to the latest report by IMARC Group, titled “India Vertical Farming Market Report by Component (Irrigation Component, Lighting, Sensor, Climate Control, Building Material, and Others), Structure (Building-based Vertical Farms, Container-based Vertical Farms), Growth Mechanism (Hydroponics, Aeroponics, Aquaponics), Application (Indoor, Outdoor), and Region 2024-2032," the India vertical farming market is expected to grow at a CAGR of 23.41% during 2024-2032. Vertical farming is a non-traditional agricultural technique involving growing food and medicinal plants in vertically stacked layers. It employs various methods, such as hydroponics, aeroponics, and aquaponics, to artificially control temperature, light, and humidity and produce the perfect micro-climate for farming. Vertical farming is widely used to grow crops, such as lettuces, chards, collard greens, kales, chives, mint, basil, and small woody herbs. It is an eco-friendly farming technique that saves space, lowers energy consumption, minimizes water usage, mitigates transportation costs, and reduces manual labor. As compared to traditional farming, vertical farming can produce crops throughout the year in a controlled space. 

India Vertical Farming Market Trends:

The increasing demand for sustainable farming to grow organic and nutritious food crops is one of the key factors driving the market growth. Vertical farming is widely adopted to cultivate crops as it requires less water and mitigates the use of chemicals and the need for massive farming equipment that runs on fossil fuels. In addition, the rising scarcity of arable land, coupled with escalating requirements for stabilized crop production to meet the increasing food demands, is favoring the market growth. Furthermore, the Government of India (GOI) is promoting vertical farming by providing subsidies to farmers through the vertical garden scheme launched under the Mission of Integrated Development of Horticulture (MIDH), which, in turn, is providing a considerable boost to the market growth. Apart from this, the rising adoption of the Internet of Things (IoT) to develop advanced monitoring systems that track the physical conditions of the crops and offer remote functions for operating water systems and light-emitting diode (LED) lights is creating a positive outlook for the market. Other factors, including the integration of robotics and artificial intelligence (AI) to track the development of plants and the rising environmental concerns associated with traditional farming practices, are anticipated to drive the market growth.

Market Summary:

  • On the basis of the component, the market has been divided into irrigation component, lighting, sensor, climate control, building material (glass and plastic greenhouse), and others.
  • Based on the structure, the market has been bifurcated into building- and container-based vertical farms.
  • On the basis of the growth mechanism, the market has been categorized into hydroponics, aeroponics, and aquaponics.
  • Based on the application, the market has been bifurcated into indoor and outdoor.
  • On a regional basis, the market has been categorized into North, West and Central, South, and East India.
  • The competitive landscape of the industry has also been examined along with the profiles of some key players.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
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)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
India Vertical Farming Market to Grow at 23.41% During 2024-2032, Bolstered by Increasing Demand for Sustainable Farming
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More