Press Release

Egypt Vertical Farming Market to be Dominated by Herbicides Segment Through 2028

Egypt Vertical Farming Market is growing owing to increasing demand for food products in the country.

According to TechSci Research report, Egypt Vertical Farming Market - By Region, Competition, Forecast and Opportunities, 2018-2028", the Egypt Vertical Farming market is anticipated to grow at an impressive rate during the forecast period, 2024-2028. Egypt Vertical Farming market is expected to grow impressively through 2028 owing to increasing need for more sustainable and efficient farming methods. Vertical farming is a method of growing crops in vertically stacked layers, utilizing indoor farming techniques such as hydroponics, aeroponics, and aquaponics. The practice of vertical farming has been gaining popularity in recent years as a solution to the challenges of traditional agriculture, such as land scarcity, water usage, and climate change.

The benefits of vertical farming are not limited to food production. Vertical farming can also be used to grow plants for medicinal purposes, such as cannabis, which requires a controlled environment to thrive. Additionally, vertical farming can be used to grow ornamental plants and flowers, providing a source of income for urban farmers.

Vertical farming offers a promising solution to the challenges facing traditional agriculture. With its ability to produce crops in areas where traditional farming is impossible, reduce water usage, and provide a more sustainable food source, vertical farming is an attractive option for farmers and consumers alike. While there are still challenges to overcome, advances in technology and increased demand for sustainable food production are likely to drive the growth of vertical farming in the years to come.

One of the advantages of vertical farming in Egypt is the ability to grow crops in areas where traditional farming is impossible. With more than 95% of the country's land area consisting of desert, vertical farming provides an opportunity to utilize the limited arable land available. Additionally, vertical farming can be done in urban areas, allowing for fresh produce to be grown and consumed locally, reducing the need for transportation and storage.

The Egyptian vertical farming market offers significant potential for growth and sustainability in the country's agricultural sector. With favorable conditions for crop production and government support, vertical farming can help to address challenges such as land scarcity, water shortages, and a growing population. While there are still obstacles to overcome, the future looks promising for this innovative and sustainable farming method in Egypt.

Egyptian vertical farming market is expected to experience significant growth in the coming years, driven by the need for more sustainable and efficient farming methods, the increasing demand for fresh and locally grown produce, government support, technological advancements, and the potential for job creation and economic growth. As the market continues to grow, it has the potential to address several challenges facing the country's agricultural sector and contribute toward a more sustainable and prosperous future.

Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on " Egypt Vertical Farming Market"

Egypt Vertical Farming market is segmented based on structure, growth mechanism, and application.

Based on structure, the market is divided into building-based vertical farms v/s shipping container vertical farms. Building based vertical farms, segment is expected to hold the largest market share during the forecast period.

Based on growth mechanism, the market is further divided into hydroponics, aeroponics, and aquaponics. Increasing need for more sustainable and efficient farming methods is the primary reason driving the segment's growth.

Major companies operating in Egypt Vertical Farming Market are:

  • iGrow
  • InnoTech Egypt
  • Grorite
  • Babilon Greens
  • Green Giza
  • Valoreo Egypt
  • Future Farms
  • Smart Greens Egypt
  • AeroFarms
  • Fargreen

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“While Egypt vertical farming market offers significant potential for growth and sustainability, several challenges must be addressed for the market to reach its full potential. These challenges include high setup costs, limited availability of skilled labor, infrastructure challenges, limited access to financing, and an evolving regulatory environment. Addressing these challenges will require a collaborative effort between the government, private sector, and academic institutions to support the growth and development of this innovative and sustainable farming method." said Mr. Karan Chechi, Research Director with TechSci research, a research based global management consulting firm.

Egypt Vertical Farming Market By Structure (Building-Based Vertical Farms v/s Shipping Container Vertical Farms), By Growth Mechanism (Hydroponics, Aeroponics, Aquaponics), By Application (Indoor vs Outdoor), By Region, Competition, Forecast & Opportunities, 2018-2028F” has evaluated the future growth potential of Egypt 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 Egypt Vertical Farming market.

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