Saudi Arabia Vertical Farming Market Research Report, 2029

Saudi Arabia’s population is projected to continue growing in the coming years, increasing the pressure on its already strained food production systems. With its arid climate and limited arable land, the country faces significant challenges in meeting the rising demand for food. As a result, there is a strong focus on enhancing agricultural yields and ensuring food security through the adoption of advanced agricultural technologies. The Saudi government has prioritized the development of sustainable farming practices as part of its Vision 2030 initiative, aiming to reduce the country’s dependence on food imports and improve local production capabilities. New technologies such as vertical farming, hydroponics, and precision agriculture are being rapidly adopted to address these challenges. These innovations allow for efficient water usage and year-round crop production in controlled environments, making it possible to cultivate crops despite the harsh desert climate. Additionally, smart farming technologies, including the use of drones, IoT sensors, and data analytics, help optimize resource management, reduce waste, and increase crop yields. According to the research report "Saudi Arabia Vertical Farming Market Research Report, 2029," published by Actual Market Research, the Saudi Arabia Vertical Farming market is expected to reach a market size of more than USD 294.76 Million by 2029. The growth of vertical farming in Saudi Arabia has accelerated in recent years, driven by the country’s need to overcome agricultural challenges posed by its arid climate and limited water resources. With over 80% of the nation classified as desert, traditional farming methods are not viable, pushing the government and private sectors to invest in innovative agricultural solutions like vertical farming. This method allows for efficient use of water and land by growing crops in controlled indoor environments using hydroponic and aeroponic systems, which consume significantly less water than conventional farming. As part of Saudi Arabia’s Vision 2030 initiative to diversify the economy and boost food security, vertical farming is being embraced as a key strategy to reduce reliance on food imports and create a more self-sufficient agricultural system. Consumers are also showing a growing preference for locally sourced, pesticide-free produce, further driving the demand for vertical farming solutions. Additionally, the government’s focus on sustainability and environmental conservation aligns with vertical farming’s ability to minimize the carbon footprint associated with food production.

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The vertical farming sector in Saudi Arabia is witnessing significant growth, fueled by innovative agricultural methods in response to the nation’s expanding population and urbanization. This market is divided into two main categories: building-based and container-based systems, each presenting unique benefits and challenges. Building-based vertical farms, typically established in repurposed warehouses or industrial facilities, offer substantial space for extensive production and can support a variety of cultivation methods. However, they often require considerable initial investment and may encounter issues related to energy use and infrastructure. Conversely, container-based vertical farms are more versatile and can be easily moved to different sites. While generally smaller, they provide a cost-effective option for urban agriculture and can seamlessly integrate with existing facilities. As the vertical farming landscape in Saudi Arabia progresses, the decision between building-based and container-based systems will hinge on factors such as production capacity, financial resources, and the level of environmental control desired. Hydroponics is at the forefront of modern agricultural practices, enabling the effective growth of crops without the need for soil. This technique is particularly advantageous in urban areas where available land for farming is limited. It maximizes water efficiency, which is essential in regions with scarce water resources, while yielding a variety of fresh produce, including vegetables and herbs, that meet local market needs. Additionally, aeroponics is becoming increasingly popular in Saudi Arabia due to its cutting-edge agricultural methods. By suspending plants in air and applying nutrient-rich mist, this technique further minimizes water usage and accelerates growth rates. Aeroponics is particularly suited for high-value crops, making it an attractive option for urban farms aiming to optimize production in smaller areas. Furthermore, aquaponics, which integrates fish farming with plant cultivation, is slowly gaining traction as a sustainable agricultural practice. This approach not only recycles nutrients but also fosters a mutually beneficial environment for both fish and plants, appealing to eco-conscious farmers. COVID-19 Impact The COVID-19 pandemic had a significant impact on the vertical farming market in the Saudi Arabia. Disruptions in traditional agricultural supply chains, labor shortages, and increased concerns about food security drove interest in vertical farming as a more resilient and sustainable alternative. The crisis highlighted the need for local, controlled-environment agriculture, reducing reliance on long-distance food transportation. Additionally, the surge in consumer demand for fresh, healthy, and locally grown produce spurred investment in vertical farming technologies. However, supply chain challenges and economic uncertainty also delayed some projects, creating both opportunities and hurdles for the market's growth.

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Rahul Jagtap

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Considered in this report • Geography: Saudi Arabia • Historic Year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Saudi Arabia Vertical Farming Market with its value and forecast along with its segments • Application wise vertical farming distribution • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Based on Growth Mechanism: • Hydroponics • Aeroponics • Aquaponics

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Based on structure type: • Building based-vertical farming • Shipping based-vertical farming The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the verticle farming industry, food & beverage industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.