Hydroponics is a cutting-edge method that is revolutionizing plant production. It involves growing crops directly from a nutrient-rich water solution to the roots of the plants, bypassing the need for soil. There are various advantages to this inventive tactic. It maximizes resource efficiency by drastically reducing water usage when compared to traditional soil-based farming. Additionally, precise control over environmental factors like temperature, light, and humidity is made possible by hydroponics, which maximizes plant development and lowers the need for pesticides and herbicides.
Middle East and Africa Hydroponics Market Driving Factors and Challenges
Drivers: The Middle East and Africa (MEA) hydroponics industry is expanding due to a number of important factors. In metropolitan areas where conventional agriculture may be restricted, the demand for fresh produce grown locally has increased due to growing urbanization and population expansion. In order to maximize land usage efficiency, hydroponic systems provide a solution by permitting production in controlled conditions, such as indoor areas or rooftops.
Second, hydroponics is especially appealing in the region due to water shortage because it allows for great water conservation when compared to traditional farming techniques. Up to 90% less water is used in hydroponic systems than in conventional soil-based agriculture, solving serious environmental issues and supporting sustainable development objectives.
Challenges:
Hydroponics' high starting costs could keep them from becoming extensively used. Hydroponic system setup is expensive, especially for more advanced models that include climate control and automation. The cost of specialized lighting, equipment, infrastructure, and nutritional solutions may be prohibitive for novices and small-scale growers. This hinders adoption, particularly in places where access to capital is limited.
Impact of COVID-19 on Middle East and Africa Hydroponics Market
The COVID-19 pandemic has caused significant harm to the hydroponics business in the Middle East and Africa (MEA). Initially, the industry experienced supply chain interruptions, particularly in relation to the availability of foreign suppliers for supplies of fertilizers and necessary equipment. Restrictions on movement and trade made it more challenging for hydroponic farms and installations to function properly, leading to longer project timelines and higher costs. Notwithstanding these challenges, the pandemic also illustrated the hydroponics industry's flexibility and perseverance in MEA. As countries struggled with challenges of food security and disruptions in traditional agriculture, hydroponics gained more recognition as a viable substitute.
Middle East and Africa Hydroponics Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players are; Aero Farma, Madar Farms, Crop One Holdings Inc, Hydroponics Africa, Kobus Vertical Farming, Green Terrace, Smart Farming Technologies CC, Urbanization Cultivation International.
Middle East and Africa Hydroponics Market Segmentation:
By Type: Based on the Type, Middle East and Africa Hydroponics Market is segmented as; Aggregate Hydroponic System.
By Crop Type: Based on the Crop Type, Middle East and Africa Hydroponics Market is segmented as; Tomato, Lettuce and Leafy Vegetables, Pepper, Cucumber, Microgreens, Others.
By Region: This research also includes data for Eastern Region, Western Region, Southern Region, Northern Region.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.