India Indoor Farming Market Size, Share, Opportunities, And Trends By Growing System (Hydroponics, Aeroponics, Aquaponics, Soil-based, Hybrid), By Component (Hardware, Software And Services), By Facility Type (Glass Or Poly Greenhouse, Indoor Vertical Farm, Container Farm, Indoor DWC System), And By Crop Type (Fruits And Vegetables, Herbs And Microgreens, Flowers And Ornamentals, Others) - Forecasts From 2023 To 2028

Using layers of potted seeds coated on top of one another, indoor farms upsurge the overall crop output per unit area, pushing the market. Growing plants or crops indoors on both a small scale and a large scale is known as indoor farming. Aquaponics and hydroponics are used in indoor farming, and artificial lighting is used to provide plants with the necessary nutrients and light levels. The high initial cost of constructing indoor farms and restrictions on the types of crops that can be grown are anticipated to stymie industry expansion.

A favorable prognosis for market expansion is being created by the country's expanding demand for autonomous farming methods. Since indoor farming uses less area and produces more, it is commonly used. The market is expanding as a result of increased product use in the production of healthy, nutrient-dense foods that are both organic and of high quality, helping to provide a reliable and sustainable year-round food supply.

The growing demand for indoor farming can also be related to farmers' increased environmental awareness because it requires less land and water for production, which helps the market expand. It is projected that additional reasons, such as the lack of agricultural land and the rising desire for crop production that is stable regardless of weather variations, will propel the industry even further toward growth.

Increasing drought-prone areas in India influence the growth of indoor farming.

With a population of 1.27 billion, India is currently the second-most populated country in the world. The increase in population in India increases the difficulty of guaranteeing food security for the nation when coupled with climate change. Even though India's agriculture produces enough food to feed its population, a fourth of the world's hungry people reside there. The land shortage is a problem because the nation is also undergoing desertification and land degradation. Numerous of these problems that the Indian agriculture sector is presently experiencing can be effectively and permanently resolved by indoor farming.

Indoor farming can use 95% less water than traditional farming, which might be quite important in India where irrigation uses almost 84% of the total water supply. Additionally, the nation has a history of severe droughts that have been linked to a 20–40% decline in agricultural output. Utilizing technologies like hydroponics and aquaponics, indoor farming can drastically reduce the amount of water used by Indian agriculture.

Indoor vertical farms to reduce the dependence on pesticides and fertilizers to surge the market in India

In India, farmers frequently lack the necessary safety gear and are not aware of recommended practices. A lower-than-expected prevalence of pesticide suicide was recorded after Kerala outlawed the use of Endosulfan, a highly dangerous pesticide.

Due to the ability to apply fertilizer directly to plant roots and recycle and recirculate any excess, indoor farms require less fertilizer than regular farms. In a nation that has recently budgeted INR 1.05 lakh crore ($13 billion) on fertilizers, this could have important ramifications. India is the world's biggest importer of urea, whose price has skyrocketed recently.?

Market Key Developments

• In June 2022, The definitive transaction agreements between Rivulis and Jain International Trading B.V., a wholly owned subsidiary of Jain Irrigation, and Temasek-owned Rivulis Pte Ltd., Singapore, have been signed, according to Jain Irrigation Systems Limited., India (Jain Irrigation) and Rivulis, a company owned by Temasek.
• In November 2021, Grover, a mobile robot that helps with crops, was just released, according to Iron Ox. The Bay Area-based indoor farming company claims that the mobile robot can lift and move up to 1,000 pounds of payload.

India Indoor Farming Market Scope:

Segmentation:

• By Growing System
  • Hydroponics
  • Aeroponics
  • Aquaponics
  • Soil-based
  • Hybrid
• By Component
  • Hardware
  • Software
  • Services
• By Facility Type
  • Glass or Poly Greenhouse
  • Indoor Vertical Farm
  • Container Farm
  • Indoor DWC System
• By Crop Type
  • Fruits and Vegetables
  • Herbs and Microgreens
  • Flowers and Ornamentals
  • Others