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Report Description

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India Vertical Farming Market Segmented By Structure (Building Based Vertical Farms, Container Based Vertical Farms, and Rack Based Vertical Farms), By Growth Mechanics (Hydroponics, Aeroponics, and Aquaponics) By Application Type (Indoor and Outdoor), By End User (Retail, Food Service, Residential, and Institutional), By Region, Competition, Forecast and Opportunities, 2018- 2028F 2018- 2028

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India vertical farming market is expected to grow at a remarkable rate through 2028 by environmental & technological factors. Vertical farming is a modern method of agriculture where crops are grown in vertically stacked layers using artificial lighting and a controlled environment. India has been exploring the potential of vertical farming to increase food production and ensure food security.

In India, vertical farming is being explored as a solution to address several challenges faced by traditional agriculture, including land scarcity, climate variability, and water scarcity. Vertical farming systems can be set up in urban areas, making it possible to grow fresh produce in areas where there is limited space for traditional agriculture. Reducing the challenges faced by traditional farming results the growth of India vertical farming market.

Vertical farms in India typically use hydroponics or aeroponics systems, which allow plants to grow without soil. Hydroponic systems use a nutrient-rich solution to deliver nutrients directly to plant roots, while aeroponic systems mist plants with nutrient solutions. These systems allow for a more controlled environment and can produce higher yields compared to traditional farming methods.

Crops that can be grown in vertical farming in India are lettuce, spinach, kale, and herbs like basil & mint among others. These crops are typically grown in towers or shelves, with LED lights providing the necessary light spectrum for photosynthesis. In growing are the temperature and humidity controlled carefully to optimize the growth of plants.

One of the main benefits of vertical farming in India is that it allows for year-round production, regardless of weather conditions. This can help reduce the impact of climate variability on crop yields. Vertical farming also uses significantly less water compared to traditional farming methods, making it a more sustainable option for food production. Availability of crops round the year no matter what the climate and water availability is, the India vertical farming market is expected to grow.

Urbanization

Urbanization is one of the major factors that promote the growth of vertical farming in India. With a growing population and rapid urbanization, there is a rise in demand for fresh and healthy produce in urban areas. However, the availability of arable land in urban areas is limited, and traditional agriculture is not a viable option.

Vertical farming provides a solution to this problem by allowing the production of fresh produce in urban areas, using minimal space and resources. Vertical farms can be set up in buildings, warehouses, or even in shipping containers, making it possible to grow crops in the heart of the city.

One of the benefits of urban vertical farming is the reduced dependence on food transported from rural areas, which can be costly and environmentally damaging. Vertical farms can produce fresh produce year-round, reducing the need for food to be transported long distances. This also helps to reduce the carbon footprint associated with food transportation. According to Ministry of Agriculture, in past years, the urbanization rate of 1.34% in 2021 has increased by 1.5% year-on-year basis. Since 2010-2021 the urbanization increased by 19.6%.

Urban vertical farming can also provide employment opportunities in urban areas, helping to reduce the rural-urban migration that often occurs due to lack of employment opportunities in rural areas.

Overall, urbanization promotes vertical farming in India by creating a demand for fresh and healthy produce in urban areas, and by providing a solution to the limited availability of arable land in cities. Due to which it is expected to the growth of India vertical farming market.