Canada
vertical farming market is anticipated to grow significantly through 2028 due to
the increasing demand for fresh produce and locally grown fruits and vegetables,
rising urbanization, limited availability of land for traditional farming, government initiatives to promote sustainable
farming practices, rising concerns over food safety and quality, and advancement
in technology, including LED lighting and hydroponic systems.
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.
In March 2023, Canada's first ever hands-free vertical farm opened in British Columbia, using a
touchless technology from seeding to harvest. Vertical
farming allows for more efficient use of space, allowing for greater food
production in urban areas and propels farmers to use the method to increase their
profitability. At the same time, climate change is causing unpredictable weather
patterns, including droughts and floods, which can have a significant impact on
traditional farming. Vertical farming is less vulnerable to weather conditions
and can provide a more stable food supply as they are grown in a controlled environment.
Therefore, considering the above-mentioned factors it is expected that the
demand for the Canada vertical farming market is expected to rise in the forecasted
period.
Increasing
Demand for Produce and Locally Grown Agriproducts is Driving the Market
In recent years,
the demand for fresh produce and locally grown fruits and vegetables has been
increasing rapidly in Canada. This trend has had a significant impact on the
growth of the vertical farming market, which has emerged as a promising
solution to the challenges of meeting this growing demand for fresh, locally-grown
produce. 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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Supportive
Government Policies Propels the Market
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
available 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.
The limited
availability of agricultural land is not only a problem in Canada but in other
parts of the world. 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. Vertical farming offers a viable solution to
this challenge, as it can produce crops in areas with limited access to arable
land.
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 is
segmented based on structure, growth mechanism, application,
and region. Based
on the structure, the market is categorized into building-based vertical farms and shipping container vertical
farms. Based on the growth mechanism, the market is categorized into hydroponics,
aeroponics, and aquaponics. Based on the application, the
market is fabricated into indoor and outdoor. Based on region, the market
is segmented into Ontario, Quebec, the West, British Columbia, Atlantic Canada,
the North
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 are some of the key players
of Canada vertical farming market.
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, Volume in Metric Tonnes, and
CAGR for 2018-2022 and 2023-2028
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Report Coverage
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Revenue forecast,
volume forecast, company share, competitive landscape, growth factors, and
trends
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Segments Covered
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Structure
Growth Mechanism
Application
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Regional scope
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Ontario,
Quebec, The West, British Columbia, Atlantic Canada, The North
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Key companies profiled
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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
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10% free report customization with purchase.
Addition or alteration to country, regional & segment scope.
|
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Pricing and purchase
options
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Avail customized
purchase options to meet your exact research needs. Explore purchase options
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Delivery Format
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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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Report Scope:
In this report, Canada Vertical Farming market has been
segmented into the following categories, in addition to the industry trends, which
have also been detailed below:
- Canada Vertical Farming
Market, By Structure:
- Building-Based Vertical Farms
- Shipping Container Vertical Farms
- Canada Vertical
Farming Market, By Growth Mechanism:
- Hydroponics
- Aeroponics
- Aquaponics
- Canada Vertical
Farming Market, By Product:
- Canada Vertical Farming Market, By Region:
- Ontario
- Quebec
- The West
- British Columbia
- Atlantic Canada
- The North
Competitive landscape
Company Profiles: Detailed analysis of the major companies in Canada
Vertical Farming market.
Available Customizations:
With the given market data, TechSci Research offers customizations
according to a company’s specific needs. The following customization options
are available for the report:
Company
Information
- Detailed analysis
and profiling of additional market players (up to five).
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