The Middle East & Africa commercial greenhouse market is expected to grow at more than 7.61% CAGR from 2024 to 2029,
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The agriculture industry in the Middle East and Africa has changed rapidly over the years. This sector is entering a new revolution with higher advancements where the quality and productivity of crops will be the key factors driving higher demand across the region. Also, this sector is constantly aiming to reduce the area’s dependence on imported food and sustainably grown fruits and vegetables. Due to severe weather conditions, arid climate, and unavailability of natural resources, most Middle East regions remain mostly dependent on imports to meet the population's food needs. The highly vulnerable fluctuations in international commodity markets, global food trade imbalances, and increasing risk of food security issues have created a necessity for the Middle East countries to become self-sufficient. The growing demand for fresh food in the Middle East region has helped create a scope for urban farming in this region. In addition to that, the major pivotal factors that are propelling the market's growth include the growing trend of rooftop farming coupled with the rising population. Adopting an innovation-driven approach to vertical farming could provide greater access to safe, nutritious, and affordable food; create thousands of jobs; abundant investment opportunities; and environmental gains.
According to the research report "Middle East & Africa Commercial Greenhouse Market Overview, 2029," published by Bonafide Research, the Middle East & Africa Commercial Greenhouse market is anticipated to grow at more than 7.61% CAGR from 2024 to 2029. The Middle East & Africa region is at the forefront of agricultural innovation, revolutionizing how agriculture is traditionally practiced. The region is predominantly employing advanced technological solutions such as the Internet of Things (IoT) and artificial intelligence (AI), among other things, as a part of the AgriTech movement. The government is investing heavily in public-private partnerships and collaborations for sustainable agricultural practices. Such initiatives are expected to fuel increased market growth in the Middle East and Africa commercial greenhouse market. Further, the market is segmented into three prominent countries, including the UAE, Saudi Arabia, and South Africa. Among these countries, South Africa is projected to acquire nearly a fourth of the market share. In South Africa, the number of people taking an interest in greenhouse farming has increased in the last 10 years. Many people want to practice greenhouse farming at a commercial level.
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