APAC Vertical Farming market poised for 43% growth
AgroSpectrum|AgroSpectrum India August 2023
Recent Technavio market research analysis predicts that the vertical farming market size will increase by 6.49 billion between 2021 and 2026, growing at a compound annual growth rate CAGR) of 16.55 per cent. APAC is expected to contribute 43 per cent of this market's growth during the projected period. Notably, China and India are the two biggest vertical farming markets in APAC, indicating rapid expansion in this region. The rise in population and decreasing availability of arable land over the projected period are driving factors behind the growth of the vertical farming market in APAC. Let's examine how this innovative farming trend is being adopted and implemented across the APAC region.
Shraddha Warde 
APAC Vertical Farming market poised for 43% growth

Vertical farming, also referred to as indoor farming, is the practice of cultivating plants indoors. It involves using LED illumination and carefully regulated growing and nutrition systems in place of sunlight and rain. Vertical farms, resembling warehouses with tall shelving units, utilise automation to monitor crops and establish ideal growing conditions, employing technologies such as software, robotics, and data science to control temperature, humidity, CO2, and light.

Vertical farms offer numerous environmental benefits, eliminating the need for pesticides and reducing reliance on weather conditions, enabling year-round production of fresh produce.

In Asia, countries like Japan, China, Singapore, UAE, South Korea, Taiwan, and Thailand have embraced vertical farming technology. Within the Asia-Pacific region, there are several major players in the vertical farming industry, including Signify Holding, CubicFarm Systems Corp., InFarm, Gills N Claws Pte Ltd., Sky Greens, SPREAD Co., Ltd., Triton Foodworks, SANANBIO, EVERLIGHT, OSRAM GmbH, Valoya, Heliospectra AB, Jain Irrigation Systems Ltd., Glenorie Hydroponics, and Sino Opto Technology Co., Ltd.

An Australian company, Eden Towers, and Holland Bio Products have come together with an ambitious plan to establish 50 micro farms across Asia. These micro farms will operate on a small footprint and produce more than 200 tonnes of crops per year. The aim is to achieve cost-effectiveness in light of the socioeconomic conditions in each country.

Collaborating as partners, both companies have developed a unique concept called “vertical farm in a box.” This initiative aims to provide new farmers with free access to the required technology, inputs, and operations support.

Denne historien er fra AgroSpectrum India August 2023-utgaven av AgroSpectrum.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra AgroSpectrum India August 2023-utgaven av AgroSpectrum.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA AGROSPECTRUMSe alt
Small farmers are the greatest asset to India's food security: PM Modi
AgroSpectrum

Small farmers are the greatest asset to India's food security: PM Modi

Prime Minister Narendra Modi centre) along with other dignitaries at the inauguration of the 32nd International Conference of Agricultural Economists ICAE) at National Agricultural Science Centre NASC) Complex, in New Delhi on August 3, 2024.

time-read
6 mins  |
AgroSpectrum India Sep 2024
Agri Budgeting Blues
AgroSpectrum

Agri Budgeting Blues

Budgeting blues is a wonderful term to identify what you have and what is necessary to investigate the need. When one deciphers the current Budget specifically for the farm sector blues, there is little Khushi (Happiness) and more Gum (sadness).

time-read
6 mins  |
AgroSpectrum India Sep 2024
Unlocking the Potential of Municipal Solid Waste
AgroSpectrum

Unlocking the Potential of Municipal Solid Waste

The more conventional methods of managing waste, such burning and landfilling, become unsustainable. Landfills, although still in widespread usage, are land-use intensive and provide long-term environmental hazards, such as methane emissions and groundwater contamination. Even while incineration is a good way to reduce trash volume, it is energy-intensive and emits dangerous emissions. Cities are looking for new and creative approaches to manage garbage sustainably as conventional approaches become less practical.

time-read
4 mins  |
AgroSpectrum India Sep 2024
Why Energy Transition Financing is Crucial for India
AgroSpectrum

Why Energy Transition Financing is Crucial for India

The whole world is badly hit by the cost of energy, including fuel, due to the ongoing geo-political issues. India’s net oil and gas import bill reportedly stood at 122 billion for 2023-24. The Indian economy is the fastest growing economy and estimated to grow between 6.8 and 7.2 per cent in the coming years. No doubt the need for energy is ever increasing. India’s per capita electricity consumption is at 1200 units as compared to the USA which is 12000 units. Energy is a growth engine for any economy. In such a situation, focusing on Energy Transition is quite crucial, with significantly long term financing for 15-20 years in place.

time-read
3 mins  |
AgroSpectrum India Sep 2024
Navigating Upstream Challenges in Bioenergy Sector
AgroSpectrum

Navigating Upstream Challenges in Bioenergy Sector

Bharat is at the cusp of a Green Energy Revolution’; and Bioenergy, including Biofuels, is a vital Energy Engine’ to contribute towards the Net Zero 2070 commitment made by India during COP26. Surely, we will get there with collective efforts and partnerships, as we move into COP29 at Azerbaijan this year and beyond and one is sanguine that Bharat will not only lead the 2nd Industrial Revolution but also initiate and lead the Green Energy Revolution’.

time-read
2 mins  |
AgroSpectrum India Sep 2024
Why Ensuring Adequate Biomass Supply is Fraught with Challenges
AgroSpectrum

Why Ensuring Adequate Biomass Supply is Fraught with Challenges

In recent years, biomass has emerged as a promising source of bioenergy, offering carbon neutral and sustainable energy. Sourcing and procurement of feedstock in India, however, presents unique challenges due to varying agricultural land, infrastructure constraints and economic conditions. Let's take a closer look.

time-read
4 mins  |
AgroSpectrum India Sep 2024
Leveraging Bioenergy to Revitalise Indian Economy
AgroSpectrum

Leveraging Bioenergy to Revitalise Indian Economy

From the early use of fire and animal power that improved lives, to the present world with use of electricity and cleaner sustainable fuels for a multitude of purposes - energy has been the enabler of development.

time-read
4 mins  |
AgroSpectrum India Sep 2024
Can Bioenergy Adoption End Stubble Burning Practise?
AgroSpectrum

Can Bioenergy Adoption End Stubble Burning Practise?

Rice is one of the primary agricultural produces in India and a major source of sustenance.

time-read
5 mins  |
AgroSpectrum India Sep 2024
Compressed BioGas: The New Hope for Energy Independence
AgroSpectrum

Compressed BioGas: The New Hope for Energy Independence

The global bioenergy landscape is evolving rapidly, with countries around the world recognising its potential to address climate change, enhance energy security, and promote sustainable development. India, with its abundant biomass resources and growing energy demand, is uniquely positioned to lead in the bioenergy sector, particularly in the production and utilisation of Compressed Biogas CBG). Let's delve deep as to how CBG can be a new hope for energy independence for India.

time-read
7 mins  |
AgroSpectrum India Sep 2024
Public-Private Partnership in Bioenergy Sector
AgroSpectrum

Public-Private Partnership in Bioenergy Sector

Public-Private Partnerships (PPPS) represent a collaborative approach between government entities and private sector companies to achieve goals that neither party could easily achieve alone.

time-read
4 mins  |
AgroSpectrum India Sep 2024