Growing popularity of organic food and efficient energy utilization is driving the growth of Saudi Arabia Vertical Farming Market in the forecast period, 2022-2026F.
According
to TechSci Research report, “Saudi Arabia Vertical Farming Market By Structure (Building-Based Vertical Farms v/s Shipping
Container Vertical Farms), By Growth Mechanism (Hydroponics,
Aeroponics, Aquaponics), By Application (Indoor v/s Outdoor), By Region,
Competition Forecast & Opportunities, 2026”,
the Saudi Arabia Vertical Farming market is expected to grow at an impressive
rate during the forecast period, 2022-2026. The government is boosting the
adoption of vertical farming methods to ensure reliable year-round crop
production so that it is unaffected by the harsh weather conditions. Vertical
farming promotes better land utilization for agricultural production and
minimizes the usage of water, thereby saving wastage. It involves the use of
minimal chemicals or pesticides. Vertical farming eliminates the need for
transportation of essential food items over long distances. It provides the
opportunity to grow the crops where the consumer lives, significantly reducing
the transportation costs.
However,
limited variety of crops used in vertical farming, high initial costs, and less
knowledge about the benefits of vertical farming may restrain the Saudi Arabia
Vertical Farming market growth in the forecast period.
Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on "Saudi
Arabia Vertical Farming Market"
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The
Saudi Arabia Vertical Farming market is segmented on the basis of structure,
growth mechanism, application, regional distribution. On the basis of the
structure, the Saudi Arabia Vertical Farming market is divided into
building-based vertical farms and shipping container vertical farms. The
shipping container vertical farms segment is expected to account for a
significant market share in the forecast period. The growing health
consciousness among the consumers and the high demand for organic vegetables
such as leafy vegetables, mushrooms, strawberries, and others is expected to fuel
the demand for shipping container segment in the vertical farming market of
Saudi Arabia.
On the basis of the growth mechanism,
the Saudi Arabia Vertical Farming market is divided into hydroponics,
aeroponics, and aquaponics. The hydroponics segment is expected to hold the
largest market share in the forecast period. Hydroponics support the growth of
plants in nutrient solutions that are free of soil. This growth mechanism
provides several advantages, including higher return on investment, easier to
set up, and is affordable. Therefore, it is in high demand among commercial
growers. The hydroponics segment utilizes water most efficiently and reduces
water wastage in the agricultural process. The number of nutrients supplied to
the plants can be controlled by easily manipulating the plants' size and
growth. Hydroponics mechanism supports the plants' development even in the
occurrence of the power outage and continuously supplies essential nutrients
and water to the plants, which is the primary reason for its high preference
among the consumers.
On the basis of application, the Saudi Arabia
Vertical Farming market is bifurcated into indoor and outdoor. The indoor
segment is expected to hold the largest market share in the next five years.
The vertical indoor farming method utilizes less amount of water than the
traditional farming methods. The water that remains unused by the plants is
further utilized in the water recycling process. Indoor farming eliminates the
need for manual labor as it uses automated technology to grow crops. The
decreasing cost of LED technology which plays a crucial role in indoor vertical
farming, is accelerating the growth of indoor agriculture all over the country.
The introduction of LEDs with higher efficiency and longer lifespan and the
availability of LED with full spectrum supports the cultivation of diverse
crops.
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“Saudi Arabia Vertical Farming Market By Structure (Building-Based Vertical Farms v/s Shipping Container Vertical Farms), By Growth Mechanism (Hydroponics, Aeroponics, Aquaponics), By Application (Indoor v/s Outdoor), By Region, Competition Forecast & Opportunities, 2026”, has evaluated the future growth potential of Saudi Arabia 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 essential drivers, challenges, and opportunities in Saudi Arabia Vertical Farming market.
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