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Saudi Arabia Vertical Farming Market Forecast 2022-2028

lueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Saudi Arabia Vertical Farming Market size to grow at a robust CAGR of 26.7% during the forecast period between 2022 and 2028.

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Saudi Arabia Vertical Farming Market Forecast 2022-2028

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  1. Saudi Arabia Vertical Farming Market- Size, Share, Trend Analysis, Opportunity and Forecast Report, 2022-2028

  2. Saudi Arabia Vertical Farming Market - Industry Trends & Forecast Report, 2028 BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expectsSaudi Arabia Vertical Farming Marketsize to grow at a robust CAGR of 26.7% during the forecast period between 2022 and 2028. Saudi Arabia vertical farming market expansion is driven by rising awareness of using innovative technology and equipment in agriculture. Vertical farming is the practice of producing crops in layers that are piled vertically. During the production phase, its controlled-environment agriculture promotes soilless farming techniques, such as hydroponics, aeroponics, and aquaponics. Vertical farming allows farmers to control temperature, nutrients, humidity, and light throughout the year, producing nutrient-dense greens with high quality and volume.

  3. Growth Drivers Growing demand for food The demand for food security measures is growing in Saudi Arabia because of the availability of superior healthcare services and the consumption of nutritious foods and beverages. Saudi Arabia has a sultry and arid climate with limited rainfall and relies heavily on fruit and vegetable imports from other countries. In the coming five years, demand for Saudi Arabia vertical farming could be fueled by the adoption of advanced farming techniques and equipment to enhance agriculture yield and properly utilize water resources.

  4. Restraints  Lack of workforce with expertise in vertical farming Shortage of qualified and experienced workforce in vertical farming may limit the growth of vertical farming market in Saudi Arabia. In addition, significant initial capital investments could affect the expansion of Saudi Arabia vertical farming market. Marketing and distribution of vertical farm products could also pose a challenge for vertical farming companies in the country. Sample Copy of the Report: https://www.blueweaveconsulting.com/report/saudi-arabia-vertical-farming-market/report-sample

  5. Impact of COVID-19 COVID-19 had a significant impact on key economies in Middle East and Africa. Saudi Arabia government implemented a lockdown across the country, due to increasing infections. Work-from-home scenarios and social distancing norms have in a shrinking working force and a decline in revenue creation for big manufacturing units. The supply chain was also severely harmed throughout the Middle-East region. However, by the first quarter of 2021, market participants had resumed a faster manufacturing speed to stay competitive. In addition, Saudi Arabia market expansion is being fueled by a shift in consumer preferences and a rising demand for organic food.

  6. Saudi Arabia Vertical Farming Market – By Offering By Offering, Saudi Arabia vertical farming market is segmented into Hardware, Software, and Services. The Hardware segment is further categorized as Irrigation Components, Lighting, Sensor, Climate Control, Building Materials, and Others (including HAVAC System, Shelves, and Racks). Among these offerings, the Hardware segment is the dominant one and is expected to continue its leadership position in Saudi Arabia vertical farming market by offering during the forecast period due to the increasing demand and high usage of devices across a variety of vertical farms. 

  7. Competitive Landscape Prominent players in Saudi Arabia vertical farming market include GrowGroup IFS, AeroFarms, LLC, Mowreq Specialized Agriculture Company, Kalera AS, and Signify Saudi Arabia. Market participants are employing various strategies, such as expanding their product portfolios and increasing their research and development efforts, to maintain their growth.

  8. Key PlayersGrowGroup IFS, AeroFarms, LLC, Mowreq Specialized Agriculture Company, Kalera AS, Signify Saudi Arabia.

  9. About Us: Blueweave Consulting offers a one-stop solution for your market intelligence needs for any service or product. You get well-researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well-informed and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk-return trade-off. Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavors successful.

  10. Contact Us:  +1 866 658 6826 +1 425 320 4776 +44 1865 60 0662  info(@)blueweaveconsulting.com  www.blueweaveconsulting.com

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