This comprehensive Middle East Vertical Farming Market report by “MarkNtel Advisors: Leading Market research Company” offers valuable insights into the current and future market landscape, providing clarity on potential challenges and strategies for optimal brand positioning. It features detailed market segmentation, in-depth analysis of key market players, emerging trends in consumer behavior and supply chain dynamics, and opportunities in new geographical markets. With the insights from this report, you can manage your marketing strategies for goods and services more effectively.
“According to recent market analysis report, the Middle East Vertical Farming Market is expected to grow at a CAGR of 18.76% during the forecast period of 2022 to 2027.”
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Driving Force Behind the Growth of the Middle East Vertical Farming Market through 2027
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.
Market Segment Highlights:
By Growth Mechanism
- Hydroponics
- Aeroponics
- Aquaponics
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
Here, Hardware components like Lighting acquired the largest share of the Middle East Vertical Farming Market in recent years. It owes principally to fulfilling the sunlight needs for the production growth of the crops. Since vertical farming is done inside a closed building and is highly dependent on artificial lights for its positive result, the demand for lighting components is escalating rapidly as a substitute for sunlight.
Middle East Vertical Farming Market Geographical Outlook:
- UAE
- Saudi Arabia
- Israel
- Egypt
- Rest of Middle East
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Middle East Vertical Farming Market Competition Analysis:
Some of the top Middle East Vertical Farming companies operating in the market are AeroFarms, Freight Farms, Plenty, CropOne, Badia farms, Intelligent Growth Solution, Osram GMBH, Koninklijke Philips N.V., Urban Fresh Farms.
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