UAE Vertical Farming Market to be dominated by Hydroponics Technology through 2027
The rise in investments in vertical farming and the growing
adoption of modern techniques in the agriculture industry are driving the
demand for vertical farming in UAE in the forecast period, 2023-2027.
According
to TechSci Research report, “UAE Vertical Farming
Market By Region, Competition Forecast
& Opportunities, 2027”, the UAE
vertical farming market is expected to register an impressive CAGR in the
forecast period, 2023-2027. Vertical farming represents a technique of
processing food, including in a skyscraper utilized factory or shipping
container, which is done in vertically stacked layers. Indoor farming methods
and controlled-environment agriculture (CEA) technologies are utilized for
modern vertical farming methods in which the environmental conditions can be
controlled. It makes the land more useful for crop production as it is a
non-traditional technique of crop cultivation that offers advantages like the
negligible effect of climate, better yield, use of fewer pesticides, minimal
area requirement, and limited water consumption.
Vertical
farming offers a higher yield than
conventional farming, which is one of the major reasons for its growing
popularity. The utilization of micro-climate technology within the container or
greenhouse helps the plant to receive the optimal heat, humidity, and light as
per the requirement of the crop. Moreover, plants are stacked in trays on a
vertical farm, enabling farmers to produce enough food in a confined space.
However,
the high cost set up of vertical farming systems and lack of awareness
regarding the alternative farming practices in underdeveloped regions may
create challenges for the market growth in the forecast period.
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The
UAE vertical farming market is segmented into structure, growth mechanism, application,
regional distribution, and competitive landscape.
Based
on structure, the market is bifurcated into building-based vertical farms and
shipping container vertical farms. Shipping container vertical farms segment is
expected to hold the largest market share in the forecast period, 2023-2027. It
helps grow various vegetables and fruits such as leafy green vegetables,
mushrooms, gourmet, and strawberries.
Based
on the growth mechanism, the market is divided into hydroponics, aeroponics,
and aquaponics. The hydroponics segment dominates the vertical farming market
on account of its utilization in vertical farming. Hydroponics refers to the
technique of growing plants that are free of soil. It utilizes water, which
infuses it with nutrients and minerals. Hydroponics enables the inflow of
water, sunlight, and air into the plants. It uses hollowed pipes for the
cultivation of crops. These pipes are known as gullies, which assist in the
maximization of crop production. The rise in awareness among farmers about the
benefits of using hydroponics in the UAE is the segment growth over the
forecast period.
Based
on application, the market is segmented into outdoor and indoor. The indoor
segment is expected to share the largest market from the application segment in
the vertical farming market. The modern ideas of vertical farming utilize
indoor farming techniques and controlled-environment agriculture technology
where all environmental factors can be controlled.
The
major market players operating in the UAE vertical farming market are:
·
AS
Agri and Aqua LLP
·
Sarya
Holdings
·
Crop
One Holdings & Emirates Flight Catering
·
Madar
Farms
·
GreenFactory
Emirates
·
UNS
Vertical Farms
·
AeroFarms
AgX LTD
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“The decreasing food import dependency
in the Middle Eastern countries and the enhancing focus on various ways to fuel
their domestic food production by participating in modern agriculture practices
such as vertical farming. In addition to this, the extreme climatic conditions
and the escalating consumer demand for locally produced green vegetables are propelling
the market growth. Vertical farming is aiding in improving food security, which
makes it the most preferred approach for food production across UAE. The demand
for hydroponics technique is increasing as plant-growing with the help of
hydroponic mechanism can survive for a longer time since it can constantly
provide water and nutrients, which is accelerating the agriculture industry are
projected to drive the UAE vertical farming market growth till 2027” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“UAE Vertical Farming
Market By Structure (Building-Based Vertical Farms v/s Shipping Container
Vertical Farms), By Growth Mechanism (Hydroponics, Aeroponics, Aquaponics), By
Application (Outdoor v/s Indoor), By Region, Competition Forecast & Opportunities,
2027”, has analyzed the future
growth factors of UAE vertical farming market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with significant drivers, limitation, and
opportunities in UAE vertical farming market.
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