Increasing Demand in the Middle East Vertical Farming Market 2022 with a Key Player, in-depth Analysis, and Forecast through 2027

PRESS RELEASE
Published April 6, 2023

A recent report by Markntel Advisors covers a detailed analysis of the Middle East Vertical Farming Market for the forecast period, 2022-27. Included in our research report on the market is our thorough study of the possible growth opportunities, as well as the market size and rate of growth. Our investigation also involves classifying the market based on various demographics such as income, age, gender, and others that may have a significant impact on your company. For instance, the market is extensively segmented based on: –

By Growth Mechanism

-Hydroponics

-Aeroponics

-Aquaponics

By Structure

-Shipping Containers

-Building Based

-Deep Farms

By Farm Location

-Indoor

-Outdoor

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Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR (2022-2027) 18.76%
Countries Covered UAE, Saudi Arabia, Israel, Egypt, Rest of Middle East
Key Companies Profiled AeroFarms, Freight Farms, Plenty, CropOne, Badia farms, Intelligent Growth Solution, Osram GMBH, Koninklijke Philips N.V., Urban Fresh Farms
Unit Denominations USD Million/Billion

Market Dynamic –

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.

Possible Restraint: Limited Variety of Crop Cultivation & High Initial Set-up costs

Since vertical farming limits the type of crops that can be cultivated in this farming method, it might restrain investors to expand their vertical farming capacities and hamper the industry growth in the Middle East. Besides, the initial investment cost for vertical farming is high and may also restrain cost-sensitive farmers to utilize the technique. Hence, such aspects can pose challenges to market growth in the coming years.

Table of Content –

  1. Introduction
    1. Product Definition
    1. Research Process
    1. Assumption
    1. Market Segmentation
  1. Executive Summary
  2. Impact of Covid-19 on Middle East Vertical Farming Market
  3. Middle East Vertical Farming Market Policies and Regulations
  4. Middle East Vertical Farming Market Dynamics
    1. Drivers
    1. Challenges
    1. Impact Analysis
  1. Middle East Vertical Farming Market Trends & Insights
  2. Middle East Vertical Farming Market Hotspots & Opportunities
  3. Middle East Security Vertical Farming Market Outlook, (2017-2027F)

 Continue To TOC….

SWOT Analysis of the Business

Product development and pricing decisions can be made with confidence thanks to our market research report. By studying buying patterns, customer preferences, and willingness to pay, we pinpoint the most profitable products and pricing strategies. Ultimately, investing in our market research report is a smart financial decision that saves you both time and money.

In addition, our report delivers a detailed analysis of the market competitors, including prominent players, such as: –

-AeroFarms

-Freight Farms

-Plenty

-CropOne

-Badia farms

-Intelligent Growth Solution

-Osram GMBH

-Koninklijke Philips N.V

-Urban Fresh Farms

-Others

We investigate their market share, strengths, weaknesses, and strategies to assist you in identifying areas where you can gain a competitive edge. Besides our report also includes a SWOT analysis of the business, which can help you pinpoint the industry’s drivers, possible restraints, potential opportunities, and threats.

For Customization and More!

Our Middle East Vertical Farming market research report is tailored to your specific needs and goals, and we work closely with you to ensure that our analysis is relevant and actionable. At Markntel Advisors, we are committed to providing accurate and actionable acuities to help you make knowledgeable decisions for your business. Contact our analyst to learn more about our market research report and how it can benefit your business. We look forward to working with you to achieve your goals.

To Get the Benefit of Our Report Customization Service, Send Your Enquiry Here – https://www.marknteladvisors.com/query/request-customization/middle-east-vertical-farming-market.html            

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