Horticulture Lighting Market

Increasing population growth is one of the serious problems for countries such as India and China which affects the growth and development of the country. This rapid increase in global human population has put immense pressure on available global land use patterns for agriculture. The migration of people from rural to urban areas is another major issue because of which arable land is depleting. According to Market Research Future, around three million hectares of land are lost per year due to degrading soil quality. Moreover, four million hectares of agricultural land is used for highways, factories, and various urban needs. Due to limited agricultural land, the market for vertical farming or indoor farming degrading. Due to vertical farming method, soil reduction percentage is reduced and requires less land for farming. In vertical farming, owners achieve optimal agricultural output without harming the surrounding environment with the help of plant light, grow light, or horticulture light. Hence the loss of land and increasing population is expected to drive the horticulture lighting market during the forecast period.

It is estimated that by 2050, the world’s population is expected to grow by another 2 billion. The increasing demand for food due to the growing population is posing the greatest challenge for farmers and manufacturers. Moreover, due to industrial development and urbanization, the arable land is decreasing year by year. Due to the limited access to land for farming, there is a need for sustainable farming tasks to pave the way for adding to food needs. The advances in lighting technologies have made it possible to create the perfect environment to grow vegetables at a large scale with shorter growing cycles and higher yields. The concept of vertical and indoor farming has been adopted by many countries on the basis of its potential to provide large populations concentrated in urban areas with locally grown food to meet the demands of an ever-growing population. Also, due to the challenges and costs of transporting fresh crops to larger cities, urban farmers have realized the potential in utilizing existing spaces in tall city buildings and producing crops locally. In some places, such as Japan, where there is a deficiency in the environment, plant factories are using LED grow lights in vertical and indoor farming and gardening to provide food for the general public and for people who need specialized nutrition. Vertical farms can also feed more people than regular farming as it has the ability to grow 75 times more food per square foot then a traditional farm. Moreover, the increasing amount of investment in large scale vertical farming by several large farming companies is expected to fuel the growth of horticulture farming market in coming years. Thus, vertical and indoor farming is revolutionizing parts of the horticultural and agricultural industries and has the potential to be the preferred production method of the future.

Before choosing any lighting device, several factors such as costs, efficiency, light quality, light quantity, light duration, total energy emissions, life expectancy, and effect on plant growth and flowering are taken into consideration. However, setting this light in the horticulture ecosystem requires some changes to be done in the garden such as number and size of plants the garden can support, pruning techniques, nutrient strength, and temperatures. LED grow lights are sensitive to very low as well as very high temperatures. The diodes may fail much more quickly under high temperatures, degrading the quality of light they produce. During low temperatures, such as in winter, there is a need to install heaters to keep the environment warm and pleasant for the cannabis plant to grow in a healthy manner; this may increase the initial cost as well as the electrical bill during winters. Thus, setting the entire garden system appropriate for LED lighting incurs high costs. Also, light burn is a type of damage that crops may suffer when they are situated too close to the lights, turning the leaves yellow, and then white. As a result, the leaves lose their natural color, thereby losing potency and aroma. High capital cost is an important aspect delaying the uptake of LED technology in horticulture.