India Vertical Farming Market 2023-2028: Industry Emerging Trends, Huge Growth in Future, Business Opportunity and Forecast

IMARC Group’s latest research report, titled “India Vertical Farming Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The vertical farming market in India is expected to exhibit a growth rate (CAGR) of 25.4% during 2023-2028.

India Vertical Farming Market Overview:

Vertical farming refers to planting and growing crops on vertically inclined surfaces. It is widely adopted for crop production using artificial light, humidity, temperature, and gas control. It creates an ideal atmosphere for the growth of fruits, vegetables, and non-edible plants and assists in high yield by causing a negligible effect on climate. It is beneficial for crop cultivation on arid lands, unfertile lands, mountains, indoors, and rooftops of buildings. Compared to traditional farming, vertical farming does not involve the utilization of pesticides or fungicides, producing eco-friendly and energy-efficient products. Besides, it assures sustainability by addressing the expanding urban population’s food security concerns.

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India Vertical Farming Market Growth:

Significant growth in the agriculture industry is driving the market in India. This can be attributed to the rising environmental consciousness amongst farmers as it reduces the amount of land and water needed for its production. Moreover, the increasing demand for genetically modified seeds and rising customer preferences for organic and specialty products are further augmenting the market. Apart from this, numerous technological advancements and the introduction of the Internet of Things (IoT)-enabled sensors to provide real-time information on crop health are providing an impetus to the market. Other factors, such as the escalating awareness among the masses and extensive research and development (R&D) activities, are also influencing the market across India.

Browse Full Report With TOC: https://www.imarcgroup.com/india-vertical-farming-market

Key Market Segmentation:

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:

Breakup by Application:

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.

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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.

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