Saudi Arabia Vertical Farming Market is expected to grow due to rising urbanization and technological advancements in vertical farming systems during the forecast period, 2020-2030.
According to the TechSci Research report, “Saudi Arabia Vertical Farming Market –Industry Size, Share, Trends, Competition Forecast & Opportunities, 2020-2030F”, the Saudi Arabia Vertical Farming Market was valued at USD 35.40 million in 2023. It is projected to experience steady growth, with a CAGR of 7.81% through 2030. The market is being driven by the increasing demand for food security amidst a growing population and limited arable land. Furthermore, the region’s harsh climatic conditions make traditional farming methods difficult, promoting the adoption of vertical farming technologies. Additionally, government support through favorable policies and subsidies is fueling market growth.
Technological advancements such as hydroponics and aeroponics are making vertical farming more efficient and cost-effective, further driving adoption. The growing awareness about sustainable farming methods and the rising demand for organic produce are also key contributors to the market’s expansion. The Saudi government’s proactive support and investment in agri-tech innovations are central to the growth of vertical farming in the region.
The Saudi Arabian government is committed to achieving agricultural self-sufficiency and reducing its dependence on food imports. Innovative technologies, including hydroponics and aeroponics, allow crops to be grown in controlled environments with reduced water usage. This is particularly beneficial in the arid climate of Saudi Arabia, where traditional farming methods are not viable. Additionally, the Saudi Vision 2030 plan, which seeks to diversify the economy beyond oil, has identified agriculture and vertical farming as crucial areas for development.
Notable companies like Red Sea Farms, a Riyadh-based vertical farm startup, are contributing to this growth. The company has received substantial investment for its unique technology, which uses saltwater to grow crops. This innovation is crucial given the limited freshwater resources in the region. However, despite the market’s growth, challenges remain, such as high setup and operational costs, a lack of skilled labor, and the heavy reliance on imported technology and expertise.
Despite these challenges, the Saudi Arabia Vertical Farming Market is expected to see significant growth. As technology evolves and becomes more affordable, and as the benefits of vertical farming become more recognized, the market is poised for accelerated expansion.
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The market is segmented into structure, growth mechanism, application, regional distribution, and company. Among the growth mechanisms, hydroponics is the dominant method. This technique, which involves growing plants without soil using mineral nutrient solutions in water, is particularly well-suited for Saudi Arabia’s arid environment. It enables efficient use of water and space, which are limited in the region, and offers a sustainable solution for food production.
Hydroponics also allows for year-round farming by controlling factors like temperature, pH levels, and lighting. This precision and customization lead to improved crop quality and increased yields. Hydroponics is seen as a cornerstone of agriculture in Saudi Arabia, addressing challenges related to water scarcity and limited arable land while promoting sustainable farming practices.
In terms of regional growth, the central region of Saudi Arabia, characterized by its arid climate and limited water resources, is establishing itself as a leader in vertical farming. By adopting advanced agricultural technologies such as hydroponics and aeroponics, this region is overcoming these challenges and ensuring sustainable food production. The government’s proactive approach and investments in agri-tech innovations are central to this success.
The central region’s strategic planning, along with government support, positions it to become a global leader in vertical farming. This model can serve as an example for other regions facing similar agricultural challenges. The combination of advanced technologies, resource-efficient practices, and governmental support ensures that Saudi Arabia’s vertical farming industry is set to thrive.
Major companies operating in the Saudi Arabia Vertical Farming Market are:
- Mowreq Specialized Agriculture Company
- GrowGroup IFS
- Signify Saudi Arabia
- Kalera AS
- AeroFarms, LLC
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“The future of the Saudi Arabia Vertical Farming Market appears promising due to the nation’s increasing focus on food security and technological advancements. With the harsh desert climate and scarcity of arable land, vertical farming offers a sustainable solution to enhance local food production. Moreover, the government’s Vision 2030 plan supports agricultural development, which will likely boost growth in the vertical farming sector.
Technological advancements such as hydroponics and aeroponics further fuel this trend, promising higher yields and efficient use of resources. As urbanization increases, the demand for fresh, local produce is expected to drive the vertical farming market in Saudi Arabia.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Saudi Arabia Vertical Farming MarketBy Structure (Building-Based Vertical Farms and Shipping Container Vertical Farms), By Growth Mechanism (Hydroponics, Aeroponics, Aquaponics), By Application (Indoor and Outdoor), By Region, Competition, Forecast and& Opportunities, 2019-2029F”, 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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