Middle East Smart Greenhouse Market
Middle East Smart Greenhouse Market Size Expands at CAGR of 8.8% During the Forecast Period
Published | 28 April 2023
Middle East smart greenhouse market is gaining traction because of the increasing adoption of IoT and AI by farmers and agriculturists and rising number of government initiatives to promote adoption of smart agriculture practices.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects the Middle East smart greenhouse market size to grow at a steady CAGR of 8.88% during the forecast period between 2023 and 2029. The Middle East smart greenhouse market is expected to witness significant developments due to farmers' growing usage of IoT and AI. Both the number of government programs to encourage the use of smart farming methods and the growing demand for food as a result of the population expansion are important factors boosting market growth. The market for smart greenhouses in the Middle East is also expanding due to the growing popularity of indoor farming in urban areas.
Middle East Smart Greenhouse Market – Overview
A smart greenhouse is a self-tracking and self-regulating, micro-climatically controlled environment for optimal plant growth. Even remote interpretations in those instances generate automatic actions that compare alternates and take corrective action, allowing the optimal plant increase situations to be maintained. In the agricultural field, the frame structure is covered with a transparent or green shady mesh material. There is plenty of room to cultivate plants in the shade. Sensors manage the state of the inside environment entirely or partially, based on the requirements of agriculture. The agriculture sector required the development of greenhouse technology. Temperature, carbon dioxide and oxygen levels, humidity, soil, and air pressure are all varied for each culture.
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Middle East Smart Greenhouse Market – By Covering Material Type
Based on covering material type, the Middle East smart greenhouse market is segmented into polyethylene, polycarbonate, and others. The polycarbonate covering material type accounts for the highest share of the Middle East smart greenhouse market. As a building material for greenhouses, polycarbonate has several advantages, including good light transmission, thermal insulation, and impact resistance. Because it offers a combination of light transmission and thermal insulation, 2-wall polycarbonate is often used in greenhouse construction to achieve ideal growth conditions.
Impact of COVID-19 on Middle East Smart Greenhouse Market
The global COVID-19 pandemic adversely affected the smart greenhouse market in terms of production, distribution, and demand uncertainty. Supply chain disruptions caused by COVID-19-related limitations on imports and exports also directly impacted the construction of new smart greenhouse farms in the Middle East. Due to the market's heavy reliance on fruits and vegetable imports, it is projected that the pandemic would eventually present new growth opportunities to the Middle East smart greenhouse market. A significant gap between supply and demand for the region's staple foods was created by import and export restrictions. This is expected to increase government spending and attention on domestic agricultural output, leading to investments in smart greenhouse farms.
Competitive Landscape
Major players operating in the Middle East smart greenhouse market include Heliospectra AB, Postscapes, Certhon, Sensaphone, Cultivar Ltd., Desert Growing, Kubo, Netafim, Rough Brothers, Inc., Lumigrow, Unilever, Coty, Jahwa, and 3M.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Middle East Smart Greenhouse Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Middle East Smart Greenhouse Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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Publish Date: April 2023
Increasing adoption of IoT and AI by farmers and agriculturists and rising number of government initiatives to promote adoption of smart agriculture practices are expected to boost the growth of Middle East smart greenhouse market during the forecast period between 2023 and 2029.
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