Canada Vertical Farming Market Overview, 2029

Canada's population is projected to experience significant growth, potentially reaching between 47.1 million and 87.2 million by 2073, driven primarily by immigration. As the population ages and fertility rates decline, the demand for food production will increase, necessitating innovative agricultural practices to ensure sufficient yields. The aging demographic will lead to a higher proportion of older adults, which may reduce the workforce available for traditional farming, prompting a shift towards technology-driven agriculture. In response, Canadian farmers are increasingly adopting advanced technologies such as precision agriculture, vertical farming, and automated systems to enhance productivity and efficiency. These innovations allow for better resource management, including water and nutrients, which is crucial in light of climate change and environmental challenges. Additionally, urban vertical farms can provide fresh produce closer to consumers, reducing transportation costs and ensuring food security in densely populated areas. The integration of artificial intelligence and data analytics in farming practices further optimizes crop yields while minimizing waste. As Canada navigates its demographic shifts and evolving food needs, the adaptation of new agricultural technologies will be essential in sustaining its agricultural output and meeting the demands of a growing population.

According to the research report, "Canada Vertical Farming Market Outlook, 2029," published by Bonafide Research, the Canada Vertical Farming market is anticipated to add to more than USD 1220 Million by 2024–29. The multiple reasons for the growth of the overall market are: increments in food demand, shifting mind-set towards organic food, higher production compared to traditional farming and production being 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 an increase in the frequency and severity of severe events. Aside from all this, Canada understands the importance of vertical farming, techniques and methods of vertical farming. The high-yield farming practises that feed our massive population are marked by inconsistency in their use of our finite resources of fresh water, fossil fuels, and soil. Vertical farming is the urban growing of crops within a building in a city or urban centre where the floors are specifically constructed to accommodate specific crops.

Leading the charge among growth mechanisms, hydroponics stands out for its ability to deliver high yields while using water efficiently, making it perfect for urban areas where space is at a premium. This system is particularly popular for growing leafy greens and herbs, which are in high demand across Canada. On the other hand, aeroponics is gaining momentum as a new technology, celebrated for its remarkable efficiency in utilizing water and nutrients, appealing to growers who prioritize environmental sustainability. It is especially beneficial for crops that need precise growing conditions, resulting in superior quality and quicker growth. Although aquaponics, which merges fish farming with crop production, is developing more slowly, it remains attractive due to its sustainable closed-loop approach and waste reduction capabilities. This method aligns with Canada’s increasing focus on sustainable agriculture. In summary, the trend towards local and sustainable food production in urban settings is driving the uptake of these advanced growing techniques, helping Canada lessen its dependence on imported produce and improve food security in the face of climate variability.

In Canada, the vertical farming landscape is primarily segmented into two main structures: building-based systems and container-based systems, each providing distinct benefits that address different operational demands. Building-based vertical farms often utilize repurposed warehouses or indoor facilities, which support larger-scale production and maximize space efficiency in urban settings. These farms take advantage of existing infrastructure, facilitating the adoption of advanced technologies such as climate control and hydroponic systems that enhance both crop yield and quality. In contrast, container-based vertical farms, which typically use shipping containers as growing environments, offer a flexible and scalable approach that can be implemented in a variety of locations, including urban areas and remote sites. This modular format is particularly appealing to entrepreneurs and businesses aiming for lower initial costs and quicker deployment. The current trend in Canada indicates a movement towards a hybrid model that combines the strengths of both structural types, as operators recognize the value of large-scale production alongside modular flexibility.

COVID-19 Impact
The COVID-19 pandemic had a significant impact on the vertical farming market in the CANADA. Disruptions in traditional agricultural supply chains, labor shortages, and increased concerns about food security drove interest in vertical farming as a more resilient and sustainable alternative. The crisis highlighted the need for local, controlled-environment agriculture, reducing reliance on long-distance food transportation. Additionally, the surge in consumer demand for fresh, healthy, and locally grown produce spurred investment in vertical farming technologies. However, supply chain challenges and economic uncertainty also delayed some projects, creating both opportunities and hurdles for the market's growth.



Considered in this report
• Geography: Canada
• Historic Year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

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

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 reports 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 the verticle farming 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.