What is the projected growth of India's vertical farming market?
India's vertical farming market is expected to grow at a phenomenal 20.5% CAGR from 2023 to 2030, reaching a value of USD 187.9 million by 2030. This rapid growth is driven by factors like rising population, limited arable land, and water scarcity.
What are the different types of vertical farming structures in India?
Vertical farming structures in India vary depending on scale and resources. Common types include shipping containers, warehouses, rooftops, and purpose-built vertical farms.
What are the major players in India's vertical farming market?
Key players include UrbanKisaan, Triton Foodworks, FF Agro Technologies, Sparsh Bio Life, ASAGRIAQUA, and Letcetra Agritech Private Limited. These companies are developing innovative solutions and driving the market's growth.
What are the key drivers of India's vertical farming market?
Rising population and urbanization: Increased food demand in urban areas with limited land availability.