Vertical Farming In India Pdf Download _BEST_
Vertical farming promises a step change in production density, providing significant efficiency savings with the additional benefit of improved product quality. Vertical farming also presents the only viable option for growing crops within urban environments where geographic footprint is limited and demand for just-in-time delivery of produce ever increasing. However while capital investment in large vertical farms delivers economies of scale, operating costs dominate the total cost of ownership.
vertical farming in india pdf download
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Vertical farming is an agricultural method through which crops are grown in vertically stacked layers. It is done in a controlled environment using techniques such as aquaponics, hydroponics and aeroponics, that does not make use of soil.
The concept of vertical farming was first pioneered by Dickson Despommier in 1999. He was a professor of Public and Environmental Health at Columbia University. Challenging his students on whether food could be grown on the rooftops of New York skyscrapers, a concept was created in which a 30-story vertical farm grown by hydroponics and artificial light could feed about 50,000 people.
As a result, governments and developers around the world would take note of vertical farming and implement it in cities such as Abu Dhabi, New York, Los Angeles, Bangalore, Dubai, Beijing etc. Between 2014 and November 2020 about $1.8 billion were invested into startups working on creating vertical farms.
Conventional farms require too much land and water, while vertical farming requires a fraction of it with more yield per acre. Another additional benefit is that vertical farming can produce crops throughout the year. Even more that one crop can be harvested at once due to their individual land and plots.
Traditional farming is subjected to unpredictable weather patterns and natural disasters such floods, droughts, wildfires, etc. In a controlled environment of vertical farming such factors are negated and thus less susceptible to disruption in the supply chain process.
Triton Foodworks was a mission to make food production environmentally sustainable by using 300 times less land than conventional farming. Triton is an integrated business engaged in the soilless cultivation of pesticide-free fruits and vegetables using hydroponics and vertical farming.
The company owns and operates 150,000 square feet of vertical farms in North India and grows more than 20 varieties of crops, including Strawberries, Spinach, Microgreens, and Bell Peppers. By growing within city limits, the company delivers fresh produce in hours and with a lower carbon footprint than traditional agriculture. Additionally, the highly controlled farming environment makes each crop uniform in size, nutrients, smell, and taste.
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The global vertical farming market was valued at USD 3.47 billion in 2021. The market is projected to grow from USD 4.16 billion in 2022 to USD 20.91 billion by 2029, exhibiting a CAGR of 25.9% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated across all regions compared to pre-pandemic levels. Based on our analysis, the global market had exhibited a decline of -6.3% in 2020 compared to 2019.
The vertical farming market forecast can be attributed to several factors, such as growing inclination towards climate control technology requirement of less water and energy for irrigation. This type of farming technique reduces the challenge of arable land. All the above factors are likely to bode the market growth.
COVID-19 pandemic has highlighted the importance of local food and urban farming, such as vertical and indoor farms. Due to a large population across urban areas, the COVID-19 pandemic disrupted the urban food system, retail and distribution. However, the COVID-19 pandemic accelerated the need for secure and healthy food. Vertical farms to gain traction amid pandemic due to increased demand for organically grown foods.
Investment in vertical farming increased during the COVID-19 pandemic as vertical agriculture promotes agricultural operations and food production with the increasing population of the world. According to Christina Ra, Plenty's Senior Director, the fresh fruits and vegetables grown worldwide can only feed two-thirds of the population, i.e., 7.5 billion people.
The growing challenges of land availability for food production as per the growing demand drive the vertical farming market growth across the world. The scarcity of arable land has been exacerbated by increasing urbanization, global population, limited water supplies, and ongoing climate change.
Vertical farms offer solutions to the challenges faced due to water scarcity and limited arable land. Through regulated environmental conditions, vertical farming technology enhances the possibility of water being retained. Through evaporation, less water is wasted in the atmosphere, and farmers are under less pressure to constantly source freshwater supplies.
The vertical farming market analysis also considers the growing water crisis across countries, including Israel, Qatar, India, Jordan, Saudi Arabia, and others likely to increase vertical farms' adoption. The increasing water crisis and declining arable land for traditional practices are anticipated to fuel the demand for this farming technique.
Space, light, water, carbon dioxide, and land in conventional farming are all readily available. However, for vertical farms, all of these variables necessitate a high supply cost. Artificial light is used in the indoor farms. The expense of air cooling and heating to maintain the proper temperature and precision monitoring and other relevant software is also included.
North America holds the largest vertical farming market share owing to the presence of many vertical farms across the U.S. and the adoption of robotics and automation technologies across the farms. The rising demand for organic, fresh, and rich quality food fuels the development of the market across the U.S. and Canada.
Further, the usage of Cannabis is legalized in the states of the U.S. and Canada. The vertical farms are suitable to grow Cannabis, which is expected to fuel the vertical farming market growth. For instance, in January 2019, Thrive Agritech, Inc. provided 1,900 LED grow lights to Choice Laboratories, a marijuana producer in Michigan. The lights help to improve plant quality and minimize operational costs.
Europe is anticipated to showcase significant growth in the coming years. European Countries such as the United Kingdom, Germany, the Netherlands, and Spain are projected to drive the development of vertical farms. The growing investment by agri-tech startups to expand the products and business presence worldwide. For instance, in December 2021, Germany-based vertical farming startup, Infarm, raised USD 200 million to accelerate the products and business expansion. The company leverages cloud technology to manage the cultivation of plants near to consumers to minimize the environmental impact. The rising investment by the market players boosts the market growth across the region.
The farmers face a lack of rain, drought, climate change, insufficient irrigation systems, financial challenges, crop failure, increased dependency on chemical fertilizers, and limited crop varieties for years across Asia. This is expected to foster the need for innovative farming techniques in the coming years. For instance, in January 2022, the Union Minister of Road Transport and Highways of India inaugurated India's biggest vertical farm project. The project aims to offer the benefits of soil-based vertical farms to Indian farmers. These factors drive the market towards a growth trajectory.
South America is expected to grow at a moderate rate. There is a huge loss of fruits and vegetables produced using traditional farming in Mexico during transportation, storing and processing. The implementation of vertical farms will help address the challenges faced by Mexican farmers. Similarly, these farms to gain traction during the forecast period to reduce the usage of pesticides and chemicals and improve food security across Brazil, Argentina, and other South American countries.
The prominent players in the market, such as Signify, Freight Farm, AeroFarms, BrightFarms, Heliospectra AB, and Illumitex Inc., are focusing on business expansion through strategic partnership and collaboration with other organizations. These players are investing in globalizing the vertical farming concept by building new farms across countries. The prominent players are also investing in research and development to reduce the additional charges of the system.
The vertical farming market report highlights leading regions worldwide to offer a better understanding to the user. Furthermore, the market report provides insights into the market outlook with the latest industry growth trends and analyzes technologies deployed at a rapid pace at the global level. It further offers some drivers and restraints, helping the reader gain in-depth knowledge about the market.
Vertical farming entails growing crops (often leafy vegetables) in a controlled environment using artificial lighting. As investments and electricity costs are relatively high, it is (still) challenging to run an economically viable vertical farming business. That said, discerning customers are willing to pay a premium for locally grown vegetables grown in a contained environment.
Vertical agriculture is an innovative way of maintaining our agricultural practices. In India, vertical farming is mostly polyhouse-based farming. Poly-house farming is a protected way that gives higher productivity and yield of vegetables and fruits across India.