Press release
India Vertical Farming Market Size, Share, Trends, (CAGR of 25.4%), & Forecast 2023-2028
India Vertical Farming Market Overview:
Vertical farming in India refers to the practice of growing crops in vertically stacked layers or inclined surfaces, often integrating Controlled Environment Agriculture (CEA) technology. This innovative agricultural method utilizes indoor farming techniques and controlled-environment agriculture technology, where all environmental factors can be controlled.
These farms optimize plant growth, and the stacking of layers increases production area, a significant advantage in land-scarce regions. The characteristics of vertical farming include the use of hydroponic, aeroponic, or aquaponic growing methods, reducing the need for soil and large water supplies. The advantages of vertical farming include higher crop yield, less water usage, reduction in transportation costs, and less use of agrochemicals, making it a sustainable agricultural practice.
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India Vertical Farming Market Growth:
The market in India is driven by the increasing need for efficient agricultural practices in response to the growing population and diminishing arable land. This is coupled with the rising urbanization, which necessitates innovative approaches to food production within city environments. Furthermore, the growing awareness of sustainable agricultural practices among consumers and farmers alike is contributing to market growth. The market also benefits from advancements in farming technologies, such as automated systems and LED lighting, which enhance crop yields and efficiency.
Additionally, the increased demand for organic produce among health-conscious consumers is bolstering the market. The market is further supported by collaborations between agricultural technology companies and local farmers to develop scalable vertical farming solutions. Moreover, the increasing investment in research and development to optimize crop varieties and farming techniques specific to vertical farming is propelling the market forward.
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Key Market Segmentation:
Breakup by Component:
• Irrigation Component
• Lighting
• Sensor
• Climate Control
• Building Material
o Glass Greenhouse
o 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
Key Highlights of the Report:
• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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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.
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