Market Overview
This research report provides a concise overview of the Middle East Vertical Farming Market, covering essential elements such as market size, share, growth, report, analysis, trends, industry report, and forecast report. It offers valuable insights into the current global market landscape, highlighting key developments and emerging opportunities. Backed by data and expert evaluation, the report helps businesses, investors, and decision-makers understand evolving market dynamics. With segment-wise coverage and forward-looking analysis, this market research serves as a practical tool for navigating the future of the Middle East Vertical Farming Market.
Middle East Vertical Farming Market Statistic and Research Methodology
The Middle East Vertical Farming Market is projected to grow at a CAGR of around 18.76% during the forecast period, i.e., 2022-27.
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Market Key Driver-
Increasing Need to Minimize Import Dependency & Bring Food Security– Since many countries in the region are highly dependent on imports for food, the need to minimize this dependency is elevating rapidly. Especially amidst the Covid-19 pandemic, when the governments imposed movement restrictions and trade bands, food security was challenged due to hindrances in imports. This aspect played a prominent role in bringing a reality check to the countries and instigating them to attain food security using advanced technologies and farming methods like vertical farming, leaving no challenge (like water scarcity & unavailability of arable land) unaddressed. It, in turn, demonstrated a rise in the practice of vertical farming and its positive influence on market growth.
Key Player: –
- AeroFarms
- Freight Farms
- Plenty
- CropOne
- Badia farms
- Intelligent Growth Solution
- Osram GMBH
- Koninklijke Philips N.V
- Urban Fresh Farms
- Others
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Segmentation Analysis-
By Growth Mechanism
- Hydroponics
- Aeroponics
- Aquaponics
Hydroponics is anticipated to witness the highest demand & demonstrate the fastest growth in the Middle East Vertical Farming Market during the forecast period. Since different countries in the region are water scarce, Hydroponic, being the most water-efficient farming method, is gaining swift momentum.
By Structure
- Shipping Containers
- Building Based
- Deep Farms
By Farm Location
- Indoor
- Outdoor
By Crop Type
- Tomato
- Lettuce
- Bell & Chili Peppers
- Strawberry
- Cucumber
- Leafy Greens
- Others
By Component
- Hardware
- Lighting
- Grow Light
- Grow Ballast
- Grow Reflectors
- Hydroponic Component
- Pump & Irrigation
- Water Filtration
- Meters & Solutions
- Others
- Climate Control
- Ventilation Fans
- Air Purification/Control
- Sensors
- Co2 Sensors
- Temperature Sensors
- Nutrient Sensors
- Crop Sensors
- PH Sensors
- Others
- Building Material
- Glass green house
- Plastic green house
- Software (Tracing and Tracking, Post-Harvest Audit, Analytics etc.)
- Services
- Lighting
Hardware components like Lighting acquired the largest share of the Middle East Vertical Farming Market in recent years.
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Geography-
-
- UAE
- Saudi Arabia
- Israel
- Egypt
- Rest of Middle East
the UAE is anticipated to emerge as an area of opportunities for the players in the Middle East Vertical Farming Market & contribute significantly to the industry growth in the coming years.
Frequently Asked Questions (FAQ)
- What is the current size and expected growth of the Middle East Vertical Farming Market?
- How is Middle East Vertical Farming market share distributed across geography and major players?
- What key trends are shaping the future of the market?
- How does this research report support strategic business planning?
- What insights are included in the Middle East Vertical Farming market analysis and forecast reports?
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