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Canada Vertical Farming Market Research Report, 2027

Canada Vertical Farming Market Research Report, 2027

Actual Market Research 29-06-2022 58 Pages Figures : 8 Tables : 15 Region : North America Country : Canada Category : Food & Beverages Agriculture

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Vertical farming, in its most basic form, is the technique of growing crops in vertically stacked layers or incorporating them into other structures such as a skyscraper or an abandoned warehouse with little water and no soil. Indoor farming techniques and controlled-environment agriculture (CEA) technology are used in modern vertical farming ideas, where all environmental factors can be controlled, such as artificial light, humidity, and temperature, as well as biofortification of breeding crops to increase their nutritional value. One of the most significant difficulties is meeting rising food demand due to a rising population, which will cross the 9 billion mark by the year 2050, and shrinking arable land. The high-yield farming practices that feed our massive population are marked by inconsistent use of our finite fresh water resources, fossil fuels, and soil. Vertical farming is the urban growth of crops within a building in a city or urban center where the floors are specifically constructed to accommodate specific crops.

According to Actual Market Research’s report titled "Canada Vertical Farming Market Overview, 2027," the vertical farming market in Canada is expected to grow with a CAGR of 20.93% from 2022 to 2027. Canada plays a significant role in the growth of North America vertical farming market. The multiple reasons for the growth of the overall market are: increased food demand, a shifting mindset toward organic food, higher production compared to traditional farming, and production independent of climate change. Climate change will present both difficulties and possibilities for Canada's agricultural industry, with rising temperatures, extended growing seasons, altered precipitation patterns, and increased frequency and severity of severe events. Aside from all this, Canada understands the importance of vertical farming, techniques, and methods of vertical farming. Three methods by which vertical farming can be done are hydroponics, aeroponics, and aquaponics. On vertical farms, hydroponics is the most common growth system. Plants are cultivated in nutrient solutions instead of dirt in this approach. The roots of the plants are cultivated in a nutritional solution enclosed in a grow tray with the roots submerged in the solution.

Aeroponics is the fastest growing method in the Canadian market, with a CAGR of 25% for vertical farming. Two major structures used for vertical farming are the building-based vertical farming structure and the shipping container-based vertical farming structure. Container farming is a revolutionary agricultural approach that uses shipping containers to replace traditional fields. Any area with level and sturdy ground can be used to store shipping containers. It also requires a consistent supply of water and power to supplement the growth of products. Vertical Roots Canada, Stewart Farms, AquaVerti Farms, and other Canadian farmers prefer shipping container-based vertical farming. Vertical farming is a high-energy crop production method that combines numerous technologies such as big data analytics, robots, and the internet of things. Farm automation, sometimes known as "smart farming," is a technology that improves farm efficiency by automating the crop or livestock production cycle. The other components used in vertical farming are lighting, climate controls, sensors, and other hydroponics components.

Vertical farming primarily aims to produce more food per square meter by stacking crops vertically. Second, a perfect blend of natural and artificial lighting is employed to keep the ideal light level in the space. To boost illumination efficiency, technologies such as revolving beds are employed. Finally, instead of soil, we'll use hydroponics (plant roots immersed in nutritional solution) or aeroponics (plant roots suspended in air) (spray-misting the plant roots). The media utilized are aquaponic. In vertical farming, non-soil media like peat moss or coconut husks are frequently used. Finally, to counterbalance the energy cost of agriculture, the vertical farming system incorporates several sustainability characteristics. Vertical farming, in reality, consumes 90% less water than ordinary agriculture. Instead of sunshine, LEDs are used to grow everything. The lights are made by a local firm and use less energy than traditional light bulbs. The LEDs emit light at a precise frequency, stimulating the plants to increase. The cost of lighting for vertical farming in Canada exceeds USD 180 million.

Considered in this report
• Geography: Canada
• Historic Year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Canada Vertical Farming Market with its value and forecast along with its segments
• Application wise vertical farming distribution
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Based on Growth Mechanism:
• Hydroponics
• Aeroponics
• Aquaponics

Based on structure type:
• Building based-vertical farming
• Shipping based-vertical farming

Based on hydroponics components:
• Lighting
• Climate Control (HVAC)
• Sensors
• Other Hydroponic Components

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to agricultural industry, food & beverage industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

 

 

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