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Middle East And Africa Vertical Farming Market By Growth Mechanism (Hydroponics, Aeroponics And Aquaponics), By Structure (Building Based And Shipping Container), By Offering (Hardware, Software, And Service), By Crop Type And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecast 2022 to 2027

Published: January, 2022
ID: 2699
Pages: 145
Formats: report pdf report excel report power bi report ppt

Middle East and Africa Vertical Farming Market Forecast 2026:

Middle East and Africa Vertical Farming Market was worth USD 0.57 billion in 2021 and expected to be growing at a CAGR of 26.4%, to reach USD 1.86 billion by 2026.

Vertical Farming techniques regulate parameters like the amount of light, environmental factors like temperature, humidity, gases, etc., and fertigation factors which include an application of fertilizers and other soil products. In some Vertical Farms, natural light is used in conjunction with artificial lighting and metal reflectors, similar to greenhouses.

With the dawn of indoor farming methods and Controlled Environment Agriculture (CEA), Vertical Farming is the newest improvement in farming, wherein all environmental influences can be controlled. In the Vertical Farming method, foods and medicines are grown in vertically fixed layers, vertically inclined surfaces or in integrated structures like warehouses, shipping containers, skyscrapers, etc.

Middle East and Africa Vertical Farming Market Drivers:

Increasing consumer demand for organic foods, foods free from pesticides, and genetically modified organisms (GMOs) is the major driving force of the market. The utility of artificial lighting to enhance the yield, health and growth rate of plants coupled with lower dependency on the weather for production is driving the market from the producer side. The above factors accompanied by the growth in use of technology such as Internet of Things (IoT) in Vertical Farming, difficulty in land farming techniques due to geographical factors, and increase in the annual production of crops are predicted to exponentially boost market growth. High costs of lighting equipment and continuous maintenance requirement are the constraints faced by the Vertical Farming market.

Middle East and Africa Vertical Farming Market

REPORT METRIC

DETAILS

Market Size Available

2021– 2026

Base Year

2020

Forecast Period

2021- 2026

CAGR

26.4%

Segments Covered

By Growth Mechanism,  By Structure,  By Offering

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

  • Egypt
  • Iran
  • Iraq
  • Israel

Market Leaders Profiled

Illumitex Inc. (U.S.), Aerofarms (U.S.), Koninklijke Philips N.V. (The Netherlands), and Sky Greens (Singapore) among others.

Market Segmentation:

Middle East and Africa Vertical Farming Market – By the Growth Mechanism Type:

  • Hydroponics

  • Aeroponics
  • Aquaponics

Middle East and Africa Vertical Farming Market – By the Structure used:

  • Buildings and Shipping Containers

Middle East and Africa Vertical Farming Market – By the Type of Offering:

  • Hardware
  • Software
  • Service

Geographical Analysis:

The Middle East and Africa Vertical Farming Market is geographically segmented into Middle East and Africa. The high necessity for large production of food crops due to meager land arability because of geographical factors is the major driving force of the Vertical Farming market, particularly in the Middle East. Major companies are looking to capitalize on this factor, which is expected to further boost the market growth.

Major Key Players:

significant players in the Middle East and Africa Vertical Farming MarketTheare Illumitex Inc. (U.S.), Aerofarms (U.S.), Koninklijke Philips N.V. (The Netherlands), and Sky Greens (Singapore) among others.

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