Canada Vertical Farming Market By Structure (Building-Based Vertical Farms, Shipping Container Vertical Farms), By Growth Mechanism (Hydroponics, Aeroponics, Aquaponics), By Application (Indoor, Outdoor), By Region, Competition, Forecast and Opportunities, 2028
Published Date: February - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Agriculture | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationCanada Vertical Farming Market By Structure (Building-Based Vertical Farms, Shipping Container Vertical Farms), By Growth Mechanism (Hydroponics, Aeroponics, Aquaponics), By Application (Indoor, Outdoor), By Region, Competition, Forecast and Opportunities, 2028
The vertical farming market in Canada is expected to reach a projected revenue of US$ 1,747.3 million by 2030. A compound annual growth rate of 22.8% is expected of Canada vertical farming market from 2024 to 2030.
The Canada vertical farming market is expected to continue to grow as more efficient and sustainable farming practices are developed and demand for locally grown produce increases. Vertical farming is a method of growing crops in vertically stacked layers, often in a controlled environment such as a skyscraper, warehouse, or shipping container. It's becoming increasingly popular to increase food production in urban areas, as it allows for year-round crop growth, reduces the need for transportation, and reduces the amount of land required for farming.
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In March 2023,
Increasing Demand for Produce and Locally Grown Agriproducts is Driving the Market
According to the Canadian government reports, the size of the average farm has become double in the size over last 50 years due to increasing consideration and technological advancement in the agriculture sector.
The benefits of locally grown produce are well-known as it's fresher, healthier, and more sustainable to produce. However, traditional farming methods are often not able to meet this demand, particularly in urban areas where space is limited, hence, vertical farming has emerged as one of the best alternatives in Canada. Vertical farming allows for year-round crop growth, reduces the need for transportation, and requires less land than traditional farming methods. This makes it an attractive option for meeting the growing demand for fresh, locally-grown produce.
Canadian consumers are increasingly interested in knowing where their food comes from and are looking for locally-grown produce. Vertical farming allows for year-round, indoor production of fresh produce in urban areas, providing consumers with a local source of high-quality fruits and vegetables. Vertical farming systems are designed to be highly controlled environments, which helps to reduce the risk of contamination from pests, pathogens, and other contaminants. This makes vertical farming a more reliable and safer source of fresh produce, which is particularly important given the growing concerns about food safety.
Vertical farming is a highly efficient and sustainable method of food production, using significantly less water and land than traditional farming methods. This makes it a smart option for consumers who are looking for organic and sustainably produced food. It attracts the government who are organic and sustainable food-based agriculture sector. The Canadian government has recognized the potential benefits of vertical farming and is providing support to promote the growth of the industry. For example, the government has provided funding for research into vertical farming techniques, as well as offering tax incentives to encourage investment in the industry. Therefore, the increasing demand for fresh produce and locally grown fruits, and vegetables has influenced the growth of Canada vertical farming market.
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The limited availability of agricultural land is one of the main challenges facing the agriculture industry today, particularly in countries such as Canada. As the population grows, the demand for food is increasing, but the amount of found at agricultural land is not growing at the same rate. This has led to a rise in the popularity of vertical farming, an innovative approach to food production that utilizes vertical space to grow crops.
In Canada, the availability of agricultural land is limited due to factors such as harsh climate conditions, poor soil quality, and urbanization. These factors have made traditional farming methods increasingly difficult, leading to the adoption of alternative solutions such as vertical farming. Vertical farming provides a solution to the problem of limited agricultural land by utilizing vertical space to grow crops in a controlled environment.
Vertical farming involves the use of technology and controlled environments to grow crops without soil and sunlight. This method allows farmers to produce crops in urban areas, reducing the need for transportation, minimizing waste, and providing fresh produce to urban communities. Additionally, vertical farming is a sustainable approach to food production, as it utilizes less water and pesticides than traditional farming methods, reducing the environmental impact of agriculture.
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According to the Food and Agriculture Organization of the United Nations (FAO), by 2050, the world's population is expected to reach 9.7 billion, and feeding this growing population will require an increase in food production by 70 percent.
In Canada, the demand for vertical farming is driven by the need to increase food production and address the challenges of limited agricultural land. The Canadian government has recognized the potential of vertical farming and has provided support for research and development in the sector. Additionally, the growing interest from investors has led to increased funding for vertical farming projects, making it easier for farmers to adopt this innovative approach to food production. Hence, all these efforts by the government as well as people are expected the demand for the Canada vertical farming market in the anticipated period.
Technological Advancement is Driving the Canada Vertical Farming Market
Technological advancements have had a significant impact on agriculture, and vertical farming is no exception. In Canada, technological advancements are driving the demand for vertical farming as farmers look for innovative solutions to address the challenges of traditional farming methods.
One of the most significant technological advancements in vertical farming is the use of LED lighting. LED lights provide the perfect spectrum of light for plant growth and can be customized for specific crops. This technology allows farmers to grow crops indoors, in a controlled environment, optimize plant growth, increasing crop yields, and reducing energy consumption.
Another technological advancement driving demand for vertical farming is automation. Automated systems can help farmers monitor plant growth, adjust lighting and humidity levels, and control the environment. Automation increases efficiency and crop yields. Also, reduces labor costs, making vertical farming more accessible and cost-effective for farmers.
In addition to LED lighting and automation, other technological advancements driving the demand for vertical farming in Canada include hydroponic and aeroponic systems. These systems allow farmers to grow crops without soil, reducing the risk of soil-borne diseases and pests while minimizing the need for water and pesticides.
The development of data analytics and artificial intelligence is one of the technological advancements driving the demand for vertical farming. These technologies allow farmers to collect data on plant growth and optimize crop yields. Artificial intelligence can help farmers predict crop yields and identify potential problems before they arise.
Furthermore, vertical farming technology is helping to address the challenges of traditional farming methods, including climate change, water scarcity, and soil degradation. With vertical farming, farmers can grow crops in urban areas, reducing the need for long-distance transportation and minimizing the environmental impact of food production.
Market Segmentation
Canada vertical farming market
Company Profiles
Green Sense Farms Holdings Inc, Agricool SAS, Valoya Oy, GoodLeaf Farms, UP Vertical, arms Ltd., TruLeaf Sustainable Agriculture Ltd., and Atom-Jet Industries 2002 Ltd
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Attribute |
Details |
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Base Year |
2022 |
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Historic Data |
2018 – 2021 |
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Estimated Year |
2023 |
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Forecast Period |
2024 – 2028 |
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Quantitative Units |
Revenue in USD Million, Volume in Metric Tonnes, and CAGR for 2018-2022 and 2023-2028 |
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Report Coverage |
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
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Segments Covered |
Structure Growth Mechanism Application |
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Regional scope |
Ontario, Quebec, The West, British Columbia, Atlantic Canada, The North |
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Key companies profiled |
Green Sense Farms Holdings Inc, Agricool SAS, Valoya Oy, GoodLeaf Farms, UP Vertical farms Ltd., TruLeaf Sustainable Agriculture Ltd., and Atom-Jet Industries Ltd. |
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Customization scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
|
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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