GCC Vertical Farming Market: Increased Demand from Industry to Spell Growth for Market, Says IGR

 Infinium Global Research's recent report on the GCC Vertical Farming Market (By Structure (Containers Based, Building Based); By Application (Indoor, Outdoor); By Component (Lightning, Sensor, Building Material, and Other Component); By Technology (Hydrophonic, Aerophonic, Aquaphonic): GCC Industry Analysis, Trends, Size, Share and Forecasts up to 2028 provides a comprehensive outline of the factors responsible for the growth of the market. The value of the market in 2022 was approximately USD 144 million and is expected to reach nearly USD 472 million in 2028 with a CAGR of about 22% during the forecast period.

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The growing importance of vertical farming across the GCC is due to increased investment by the government in vertical farming. As the GCC governments try to reduce the region's dependency on food imports, vertical farming is emerging as a more desirable alternative. A flourishing vertical farming industry might, among other things, help the GCC avoid rising food prices and the geopolitical problems that hamper foreign investments in farms. The introduction of new and highly advanced technology will boost the growth of the vertical farming market. The government launching various initiatives to improve agriculture infrastructure will create ample growth opportunities for the vertical market in the GCC region.

Hydroponics to Dominate the Mechanism Segment of the GCC Vertical Farming Market

The method of growing food without the use of soil is known as hydroponics. Plants are produced using the mineral solution in water that is placed around the plant roots in this process. The main factor driving the rise in demand for hydroponic techniques is the growing water shortage in the GCC region. The hydroponic system is thought to be the growth mechanism that helps reduce the risk of disease transmission from soil-borne organisms.

In addition, it has a higher return on investment than other growth methods and is more cost-effective. Because it can continuously supply the plants with the necessary nutrients and water, hydroponic plant growth can survive longer in the event of a power loss. Additionally, using hydroponic systems for farming in the desert land. Therefore, the hydroponic method is rapidly growing in the GCC region.

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Saudi Arabia Holds a Significant Share in the GCC Vertical Farming Market

The GCC region's largest vertical farming market is expected to be Saudi Arabia, Due to high growth in the use of technology-driven agriculture, including cutting-edge air and water filtration and decontamination, which is driving the market for vertical farming in Saudi Arabia. The need for food security has increased as a result of the UAE's expanding population, which is fueling the growth of the vertical farming industry. However, it is also anticipated that the market for vertical farming in this region will grow as a result of the increased demand from Kuwait and Qatar for leafy vegetables.

Major Players Operating in the GCC Vertical Farming Market Focusing on Innovating New Technology

In the region, a Great number of international players are present. There are also some local companies in the market. The key plays in this region are AS Agri and Aqua LLP, Sarya Holdings, NAAAS Agro., Mowreq and Yes Health Group, Pure Harvest Smart Farms, Madar Farms, Crop One, iFarm Inc., Sky Green, and Other. Market participants are concentrating on constructing new manufacturing facilities. On April 2021, a UK-based intelligent growth solution did deal with Abu Dhabi Madar farms to expand vertical farming operations in the UAE. Infinium Global Research's recent report on the GCC Vertical farming market is an encompassment of such recent developments in the GCC marketplace. The report delivers insights into the recent developments by leading players that have contributed to the growth of the market and also estimates the impact of recent developments in the GCC market.

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Reasons to Buy this Report:

=> Comprehensive analysis of regional markets of the GCC vertical farming.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and market size forecast up to 2028.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company. 

 => Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand and/or diversify.