The vertical farming market in Egypt is projected to experience significant growth in the coming years. As of 2024, the market size is estimated at USD 36.5 million. Between 2025 and 2031, it is expected to grow at a compound annual growth rate (CAGR) of 17.8%, reaching approximately USD 97.9 million by 2031.
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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 Insulation 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 found at. 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.
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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
Market Players
iGrow, InnoTech Egypt, Grorite, Babilon Greens, Green Giza, Valoreo Egypt, Future Farms, Smart Greens Egypt, AeroFarms, Fargreen
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Attribute |
Details |
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Base Year |
2022 |
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Historic Data |
2018 – 2021 |
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Estimated Year |
2023 |
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Forecast Period |
2024 – 2028 |
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Quantitative Units |
Revenue in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028 |
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Report coverage |
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
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Segments covered |
Structure Growth Mechanism Application |
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Regional scope |
Cairo, Alexandria, Giza, Qalyubia, Port Said, Suez, and Rest of Egypt |
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Key companies profiled |
iGrow, InnoTech Egypt, Grorite, Babilon Greens, Green Giza, Valoreo Egypt, Future Farms, Smart Greens Egypt, AeroFarms, Fargreen |
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Customization scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery Format |
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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