MarkNtel Advisors recently published a detailed industry analysis of the Middle East Vertical Farming Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Middle East Vertical Farming Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2027
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. Due to the extreme climatic conditions, water & energy are the premium resources in the Middle East region. According to the Alpen Capital’s 2019 GCC Food Report, nearly 85% of food consumed in GCC countries is imported due to water scarcity, extreme climatic conditions, and limited arable land.
What are the major Driver the Middle East Vertical Farming industry?
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.
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What segments define the Middle East Vertical Farming Market from 2022 to 2027? How do these segments contribute to market dynamics and growth?
By Growth Mechanism
- Hydroponics
- Aeroponics
- Aquaponics
According to report, Here, Hydroponics is anticipated to witness the highest demand & demonstrate the fastest growth in the Middle East Vertical Farming Market during the forecast period.
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
- Lighting
- Software (Tracing and Tracking, Post-Harvest Audit, Analytics etc.)
- Services
According to report, Here, Hardware components like Lighting acquired the largest share of the Middle East Vertical Farming Market in recent years.
Explore the Complete Middle East Vertical Farming Market Analysis Report – https://www.marknteladvisors.com/research-library/middle-east-vertical-farming-market.html
Geographical Analysis: Middle East Vertical Farming Market
By Country
- UAE
- Saudi Arabia
- Israel
- Egypt
- Rest of Middle East
Middle East Vertical Farming Market Share & Competitive Landscape:
The Middle East Vertical Farming Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Middle East Vertical Farming Market are:
- AeroFarms
- Freight Farms
- Plenty
- CropOne
- Badia farms
- Intelligent Growth Solution
- Osram GMBH
- Koninklijke Philips N.V
- Urban Fresh Farms
- Others
Questions Addressed in this Study
1.What factors are driving the Middle East Vertical Farming Market growth?
2.How is the Middle East Vertical Farming Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Middle East Vertical Farming Market?
4.What is the current size of the Middle East Vertical Farming Market, and how is it projected to change in the future?
6.What is the future outlook for the Middle East Vertical Farming Market in terms of technological advancements and market expansion?
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Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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