Vertical farming is making inroads in the agriculture sector which has been dependent on traditional method of producing crops, vegetables and fruits on land with fertile soil. Population growth, urbanization, demand for “local” food have resulted in growth of vertical farming in geographies such as Europe and the United States. Market for vertical farming is at niche stage in India but growing.
This AGR whitepaper is an effort to outline the emergence of vertical farming as an alternative to traditional farming. Through this whitepaper, we aim to explore in the current state of development of vertical farming, identify the headwinds and tailwinds for vertical farming, types of vertical farming, cost of setting up vertical farms, growth of market for vertical farming, the importance of various components specifically automation for vertical farming and the vitality of vertical farming in supply chain disturbance such as the 2020 covid-19 pandemic situation.