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.
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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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“Market players are taking the help of innovative technologies such as cleanroom technology, plant, and seed science, the internet of things, artificial intelligence, big data analytics, among others, in farming practice to upgrade the existing agriculture infrastructure for higher productivity. Modern technologies enable farmers to monitor and harvest crops quickly. The unavailability of fertile land in the country generates the demand for the adoption of modern practices and elevate the demand for vertical farming which is driving its market growth through 2026. The rise in the expenditure on research and development activities by the market players and the increasing focus on development of agriculture industry is expected to propel the Saudi Arabia Vertical Farming market till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“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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