Saudi Arabia Vertical Farming market is anticipated to grow at a rate of steady CAGR in the forecast period, 2023-2027. The increasing awareness about the use of modern technologies and equipment in the agricultural process are the major driving factors for the Saudi Arabia Vertical Farming market.

Vertical farming is the method of growing crops in vertically stacked layers. It is a type of controlled-environment agriculture to boost plant growth and promote soilless farming techniques such as hydroponics, aeroponics, and aquaponics during the cultivation process. Vertical farming allows the farmers to optimize temperature, nutrients, humidity, and light, resulting in nutrient-dense greens with quality and volume production throughout the year. Vertical farming allows the small land to be utilized more effectively for enhanced production.

Increasing Demand for Pollution-Free Farming Drives the Market Growth

The rise in the pollution level due to rapid industrialization and urbanization and the harmful emission from automobiles adversely affects the environment. The use of cleanroom technology, which includes advanced air and water filtration and decontamination, benefits agricultural production. Advanced technologies used in vertical farming eliminate pesticides, and thereby these are in high demand among the farmers.

Growing Food Requirements Support Market Growth

The increasing population in Saudi Arabia due to the presence of quality healthcare services and the intake of nutritious food items and beverages is creating the demand for the adoption of food security measures. The Saudi Vision 2030 is expected to focus on reshaping and upgrading several sectors of the economy. The agriculture industry is considered to be crucial for the growth of the economy of the country. Agriculture requires the use of large amounts of fresh groundwater, and the water does not get replenished on its own. Saudi Arabia witnesses a humid and arid climate with little rainfall and majorly depends on importing fruits and vegetables from other countries. The adoption of modern farming techniques and equipment to boost the agriculture yield and effectively utilize the water resources is expected to fuel the demand for the Saudi Arabia Vertical Farming market in the coming five years.

Supportive Government Policies Boosts the Market Demand

The oil and gas industry are the primary revenue-generating industry in Saudi Arabia. The allocation of huge funds for the development of agriculture for the generation of sources of income, other than the oil and gas industry, is expected to boost the market growth in the coming five years. The need to focus on food security and steps taken to develop agriculture and preserve water in Saudi Arabia fosters the agricultural industry's development. Ministry of Environment, Water, and Agriculture emphasize the need to improve the agriculture strategy and is making efforts to cooperate and collaborate with local and international scientific intuitions and the private sector to adopt the latest technologies.


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Market Segmentation

The Saudi Arabia Vertical Farming market is segmented on the basis of structure, growth mechanism, application, regional distribution, and company. Based on the structure, the market is divided into building-based vertical farms and shipping container vertical farms. Based on the growth mechanism, the market is divided into hydroponics, aeroponics, aquaponics. Based on the application, the market is divided into indoor and outdoor. To analyze the market based on the region, the Saudi Arabia Vertical Farming market is studied in major regions, namely North & Central region, Southern region, Western region, and Eastern region.

Market Players

Mowreq Specialized Agriculture Company, GrowGroup IFS, Signify Saudi Arabia, Kalera AS, AeroFarms, LLC, are among the major market players in the Saudi Arabia platform that lead the market growth of the Saudi Arabia Vertical Farming market.

Attribute

Details

Base Year

2021

Historic Years

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Structure

·         Growth Mechanism

·         Application

Regional Scope

Northern & Central, Southern, Eastern, Western

Key Companies Profiled

Mowreq Specialized Agriculture Company, GrowGroup IFS, Signify Saudi Arabia, Kalera AS, AeroFarms, LLC

Customization Scope

10% free report customization with purchase. Addition or alteration to regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, Saudi Arabia Vertical Farming market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Saudi Arabia Vertical Farming Market, By Structure:
    • Building-Based Vertical Farms
    • Shipping Container Vertical Farms
  • Saudi Arabia Vertical Farming Market, By Growth Mechanism:
    • Hydroponics
    • Aeroponics
    • Aquaponics
  • Saudi Arabia Vertical Farming Market, By Application:
    • Indoor
    • Outdoor
  • Saudi Arabia Vertical Farming Market, By Region:
    • Northern & Central
    • Southern
    • Eastern
    • Western

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia Vertical Farming market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Saudi Arabia Vertical Farming Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Saudi Arabia Vertical Farming Market

4.    Voice of Customer

5.    Executive Summary

6.    Saudi Arabia Vertical Farming Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Structure (Building-Based Vertical Farms v/s Shipping Container Vertical Farms)

6.2.2.     By Growth Mechanism (Hydroponics, Aeroponics, Aquaponics)

6.2.3.     By Application (Indoor v/s Outdoor)

6.2.4.     By Company (2021)

6.2.5.     By Region

6.3.  Product Market Map

7.    Saudi Arabia Building-Based Vertical Farms Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Growth Mechanism

7.2.2.     By Application

8.    Saudi Arabia Shipping Container Vertical Farms Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Growth Mechanism

8.2.2.     By Application

9.    Market Dynamics

9.1.  Drivers

9.2.  Challenges

10.  Market Trends & Developments

11.  Policy & Regulatory Landscape

12.  Saudi Arabia Economic Profile

13.  Competitive Landscape

13.1. Mowreq Specialized Agriculture Company

13.2. GrowGroup IFS

13.3. Signify Saudi Arabia

13.4. Kalera AS

13.5. AeroFarms, LLC

 14. Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]