The Indian vertical farming market is projected to grow at a modest CAGR of 18.6% during the forecast period (2020-2026). The major aspect that drives the growth of the market includes the need to serve the requirement for proper and sufficient food products for the population in India. Urbanization in India is also one of the key aspects that creates substantial scope for the growth of the market, as there’s an increased demand for more and organic food items among the people and land is scarce across the country. Besides, various benefits offered by vertical farming also support its growth in the country as it fulfills the needs of the rapidly rising population and their inclination towards the adoption of organic food items. Hence, such aforementioned factors altogether contribute to the growth of the Indian vertical farming market over the forecast period.

The Indian vertical farming market is segmented on the basis of structure type, growth mechanism, and component. Based on the structure type, the market is segmented as building-based vertical farming and shipping container-based vertical farming. Based on the growth mechanism, the market is segmented as aeroponics, hydroponics, and aquaponics. Based on the component, the market is segmented as sensors, lighting, climatic controls, irrigation component, building material, and other components. 

Further, Growing Greens, Homecrop (FRESCOGREENS Pvt. Ltd.), Living Food Co., Signify Holding (Koninklijke Philips N.V.), The Living Greens, Urban Crop Solutions, and Urban Green Fate (UGF) Farming among others are some of the prominent players functioning in the India vertical farming market. New product launches & developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players in order to sustain in the highly competitive market. 

Research Methodology

The market study of the India vertical farming market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary sources include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report is intended for vertical farming companies, research institutes and universities, other related companies, and government organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. India Vertical Farming Market Research and Analysis by Structure Type
2. India Vertical Farming Market Research and Analysis by Growth Mechanics
3. India Vertical Farming Market Research and Analysis by Component

The Report covers:

• Comprehensive research methodology of the India vertical farming market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the India vertical farming market.
• Insights about market determinants which are stimulating the India vertical farming market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of the market players.