Future Middle East Vertical Farming Market: Key Dynamics, Size & Share Analysis
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.
Top Driver Impacting the Middle East Vertical Farming Market Growth
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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Understanding the Core Segments in the Middle East Vertical Farming Market
Middle East Vertical Farming Market Size, Share & Industry Trends Analysis - 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 greenhouse, Plastic greenhouse}), Software (Tracing & Tracking, Post-Harvest Audit, Analytics etc.), Services),
Geographical Analysis of the Middle East Vertical Farming Market
-By Region
- UAE
- Saudi Arabia
- Israel
- Egypt
- Rest of Middle East
Here, 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.
Who Dominates the Middle East Vertical Farming Market Insights on Key Industry Players?
Companies are strengthening their presence in the Middle East Vertical Farming market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.
- AeroFarms
- Freight Farms
- Plenty
- CropOne
- Badia farms
- Intelligent Growth Solution
- Osram GMBH
- Koninklijke Philips N.V
- Urban Fresh Farms
- Others
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