Middle East Vertical Farming Market: In-Depth Analysis and Forecasts for 2022-2027
MarkNtel Advisors, a leading market research firm, has showed its latest study titled "Middle East Vertical Farming Market", offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the Middle East Vertical Farming Market: 2022-2027
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.
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What are the primary factors driving the growth of the Middle East Vertical Farming 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.
Middle East Vertical Farming Market Segmentation:
The Middle East Vertical Farming market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
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
Geographical Analysis into the Middle East Vertical Farming Market:
The Middle East Vertical Farming market is categorized based countries:
- UAE
- Saudi Arabia
- Israel
- Egypt
- Rest of Middle East
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Competitive Landscape and Middle East Vertical Farming Market Share Analysis:
The competitive landscape of the Middle East Vertical Farming Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
- AeroFarms
- Freight Farms
- Plenty
- CropOne
- Badia farms
- Intelligent Growth Solution
- Osram GMBH
- Koninklijke Philips N.V
- Urban Fresh Farms
- Others
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Questions Addressed in this Study
- What factors are driving the Middle East Vertical Farming Market growth?
- How is the Middle East Vertical Farming Market expected to grow over the next five years?
- What are the key insights into the current trends in the Middle East Vertical Farming Market?
- What is the current size of the Middle East Vertical Farming Market, and how is it projected to change in the future?
- What is the future outlook for the Middle East Vertical Farming Market in terms of technological advancements and market expansion?
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more 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 14.8 diverse industrial verticals.
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