Egypt Vertical Farming market
is expected to grow impressively through 2028 owing to increasing need
for more sustainable and efficient farming methods. In 2020, the vertical
farming market reached some USD 5.3 billion, but the market value is expected
to increase to about USD 19.6 billion by 2026.
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. Vertical farming offers numerous advantages over traditional
farming practices. One of the most significant advantages is the ability to
grow crops in areas where traditional farming is impossible, such as in urban
areas where space is limited. This is because vertical farming utilizes a small
footprint, allowing for multiple layers of crops to be grown in a single
building. Additionally, vertical farming systems can be designed to use less
water than traditional farming, making it a more sustainable option.
There are several types of
vertical farming systems, including hydroponic, aeroponic, and aquaponic
systems. Hydroponic systems grow crops in nutrient-rich water without soil,
while aeroponic systems grow plants in a mist environment, using minimal water.
Aquaponic systems combine fish farming with hydroponic farming, using the waste
from the fish to fertilize the plants. Each system has its advantages and
disadvantages, and farmers must choose the best system for their needs. 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 is likely drive the growth of vertical farming in the years to come.
Egypt has been an
agricultural hub for centuries, with the Nile River and fertile land supporting
traditional farming practices. However, in recent years, the country has faced
challenges such as land scarcity, water shortages, and a rapidly growing
population, leading to a need for more sustainable and efficient farming
methods. Vertical farming has emerged as a potential solution, and the Egyptian
vertical farming market is growing. Vertical farming in Egypt is still in its
early stages, with only a few established players in the market. However, the
potential for growth is significant, with the country's favorable climate and
abundant sunlight providing ideal conditions for year-round crop production.
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Increasing Demand for Locally
Grown Products are Driving Market Growth
Traditional farming practices
require vast amounts of land, water, and other resources, which are becoming
increasingly scarce in Egypt. Vertical farming provides a solution to these
challenges by allowing for the cultivation of crops in a controlled
environment, using less land and water. This results in higher crop yields and
more efficient use of resources, making vertical farming a more sustainable and
cost-effective option.
Another growth driver for the
Egyptian vertical farming market is the increasing demand for fresh and locally
grown produce. As the population grows and becomes more urbanized, the demand
for fresh and healthy food is increasing. Vertical farming provides an
opportunity to grow fresh produce in urban areas, reducing the need for
transportation and storage, and allowing for more timely delivery of fresh
produce to consumers.
Technological Advancement
in the Industry is Driving Market Growth
Government support is another significant
growth driver for the Egyptian vertical farming market. In recent years, the
government has recognized the potential of vertical farming and has taken steps
to support its growth. This includes providing financial incentives for
entrepreneurs to establish vertical farms, such as tax breaks and low-interest
loans. The government has also announced plans to convert barren land into
agricultural areas using modern farming techniques, including vertical farming.
Technological advancements are also driving
the growth of the Egyptian vertical farming market. Advances in lighting,
climate control, and automation technology have made vertical farming more
efficient and cost-effective than ever before. This has led to a reduction in the
cost of setting up and operating vertical farms, making it more accessible to
entrepreneurs and small-scale farmers.
The growth of the Egyptian vertical
farming market is also being driven by potential for job creation and economic
growth. As the market grows, it is expected to create jobs in various areas,
such as research and development, production, and distribution. Additionally,
the production of fresh and locally grown produce can help to boost the
country's economy by reducing the need for imports and increasing exports.
Major Challenges faced by Vertical
Farming Market
One of the most significant
challenges facing the Egyptian vertical farming market is the high setup costs.
The initial investment required to establish a vertical farm can be significant,
particularly for small-scale farmers and entrepreneurs. This includes the cost
of equipment, such as lighting and irrigation systems, as well as the cost of
constructing the vertical farm itself. While the long-term benefits of vertical
farming, such as increased crop yields and reduced resource usage, can offset
these costs, the high initial investment can be a barrier to entry for many
farmers.
Another challenge facing the
Egyptian vertical farming market is the limited availability of skilled labor.
Vertical farming requires specialized knowledge and skills, such as plant
biology, engineering, and data analysis. However, there is a shortage of
professionals with these skills in Egypt, which can make it challenging for
farmers to find qualified staff to operate and manage their vertical farms.
Access to financing is also a
challenge facing the Egyptian vertical farming market. While the government has
announced plans to support the growth of vertical farming in the country,
access to financing remains a challenge for many farmers and entrepreneurs.
This includes the cost of equipment and construction, as well as ongoing
operational costs. Limited access to financing can make it challenging for
farmers to establish and operate vertical farms, particularly for small-scale farmers
and entrepreneurs.
Infrastructure challenges are
another significant challenge facing the Egyptian vertical farming market.
While vertical farming can be done in urban areas, the infrastructure needed to
support vertical farms, such as reliable electricity and water supply, is not
always available. Additionally, the transportation infrastructure needed to
deliver fresh produce from vertical farms to markets and consumers can be
inadequate, resulting in higher transportation costs and longer delivery times.
Recent Trends and Developments
- The vertical
farming industry in Egypt has seen significant technological advancements in
recent years, particularly in the areas of lighting and automation. LED
lighting systems have become more efficient and cost-effective, making it
easier for farmers to control the growth of crops. Automation technology, such
as robotic arms, has also made it easier to manage and maintain vertical farms,
reducing labor costs.
- Several academic
institutions in Egypt have established partnerships with vertical farming companies
to support research and development in the field. For example, the American
University in Cairo has established a partnership with an Egyptian vertical
farming company to study the impact of vertical farming on the environment and
its potential for sustainable food production.
- Over the past
three years, there has been an increase in consumer awareness of the benefits
of locally grown produce, driving demand for vertical farming products. Vertical
farming companies have responded to this demand by increasing their production
and expanding their product lines to include a wider range of fruits and
vegetables.
Market Segmentation
Egypt Vertical Farming market is
segmented based on structure, growth mechanism, ,
application and region. Based
on the Structure, the market is categorized into building-based vertical farms and shipping container vertical
farms. Based on growth mechanism, the market is further divided into hydroponics,
aeroponics, and aquaponics. Based on application, the market is further bifurcated
into indoor and outdoor. Based on region, the market is further divided into Cairo,
Alexandria, Giza, Qalyubia, Port Said, Suez, and Rest of Egypt.
Market Players
iGrow, InnoTech Egypt, Grorite, Babilon Greens, Green
Giza, Valoreo Egypt, Future Farms, Smart Greens Egypt, AeroFarms, Fargreen are some of the key players of the Egypt Vertical
Farming Market.
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 – 2021
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Estimated
Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative
Units
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Revenue
in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028
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Report
coverage
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Revenue
forecast, volume forecast, company share, competitive landscape, growth
factors, and trends
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Segments
covered
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Structure
Growth
Mechanism
Application
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Regional
scope
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Cairo,
Alexandria, Giza, Qalyubia, Port Said, Suez, and Rest of Egypt
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Key companies
profiled
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iGrow,
InnoTech Egypt, Grorite, Babilon Greens, Green Giza, Valoreo Egypt,
Future Farms, Smart Greens Egypt, AeroFarms,
Fargreen
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Customization
scope
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10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
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Pricing and
purchase options
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Avail
customized purchase options to meet your exact research needs. Explore
purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable version
of the report in PPT/Word format on special request)
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Report Scope:
In this report, Egypt Vertical Farming market has been segmented
into the following categories, in addition to the industry trends, which have
also been detailed below:
Egypt Vertical Farming Market, By Structure:
- Building Based Vertical Farms
- Shipping Container Vertical Farms
Egypt Vertical Farming Market, By Growth Mechanism:
- Hydroponics
- Aeroponics
- Aquaponics
Egypt Vertical Farming Market, By Application:
Egypt Vertical Farming Market, By Region:
- Cairo
- Alexandria
- Giza
- Qalyubia
- Port Said
- Suez
- Rest of Egypt
Competitive landscape
Company Profiles: Detailed analysis of the major companies present
in Egypt Vertical Farming market.
Available Customizations:
With the given market data, TechSci Research offers customizations
according to a company’s specific needs. The following customization options
are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Egypt Vertical Farming Market is an upcoming
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