Unfavorable Weather Conditions in the Middle East to Drive the Vertical Farming Market during 2022-27
The Middle East Vertical Farming Market is expected to witness around 18.76% CAGR during the forecast period, i.e., 2022-27, says MarkNtel Advisors. The market is driven primarily by the increasing population and limited arable land available for traditional farming. In addition, unfavorable weather conditions, such as burning temperature levels and water scarcity, are the most prominent challenges for conventional farming methods. Therefore, the rapid adoption of water & energy-efficient food production methods augments the demand for vertical farming in the Middle East.
Further, due to the unfavorable weather conditions, Middle Eastern countries are highly reliant on importing food products, which increases the risk associated with food security. Hence, to reduce food dependency, the need for Vertical Farming is significantly rising across the region, further states the research report, “Middle East Vertical Farming Market Analysis, 2022.”
According to MarkNtel Advisors, the Middle East Vertical Farming Market, based on the Structure, classifies into:
- Shipping Containers
- Building-Based
Of both, Shipping Containers accounted for the largest market share in the previous few years since they can provide a closed environment where optimal conditions required for the plant’s growth can be met accordingly. In addition, limited arable lands & ease of transportation are other prominent factors contributing to the rising demand for shipping containers in vertical farming.
Another benefit associated with shipping containers is that they do not require dedicated land to get started. Hence, their self-contained nature and compact footprint are propelling the adoption of shipping container-based vertical farming techniques. Moreover, shipping containers are cost-effective, environment-friendly, & water-efficient, which, in turn, is fueling the Vertical Farming Market growth.
“Middle East Vertical Farming Market Analysis, 2022” highlights insights on the market potential & opportunities, along with business strategies to enhance the overall market growth. The report offers an overview of leading market players and their recent developments. Moreover, the report provides incredible market opportunities & emerging trends to help stakeholders make appropriate decisions before investing.
Outlook on Aeroponics & Aquaponics Growth Mechanisms in the Middle East Vertical Farming Market
The Aeroponics growth mechanism was first motivated by NASA to find a way to grow plants in space. In this mechanism, there is no need for any growth medium, which, in turn, eliminates the requirement for containers in crop production. Plants are tied to a support, and instead of water, the nutrient solution gets sprayed over them. Hence, it requires less water, no soil, and less space
Further, aquaponics is the combination of aquaculture & hydroponics, which creates a relationship between fishes & plants, helps attain nutrient-rich waste from fish tanks, and serves as a “fertigate” to hydroponic production bed. Hence, it eliminates the use of chemicals for crop cultivation. Lettuce, mint, & cucumber are the most common plants grown using aquaponics.
According to MarkNtel Advisors, the leading players in the Middle East Vertical Farming Market are AeroFarms, Freight Farms, Plenty, CropOne, Badia farms, Intelligent Growth Solution, Osram GMBH, Koninklijke Philips N.V., and Urban Fresh Farms
Source – https://www.marknteladvisors.com/research-library/middle-east-vertical-farming-market.html
