Saudi Arabia Vertical Farming Market 2026

2016 –2026 SAUDI ARABIA VERTICAL FARMING MARKET FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

Scope of Report Product of Interest (POI): Vertical Farming Vertical farming is one such solution that's been implemented around the world. By Vertical Farming, food crops can be cultivated easily in urban areas by planting in vertically stacked layers in order to save space and use minimal energyandwaterforirrigation. Market Segmentation REGION Year Range STRUCTURE • Building-Based Vertical • Northern & Central Farms • Southern Review Period • Shipping Container • Eastern 2016 – 2019 Vertical Farms • Western Base Year 2020 Estimated Year GROWTH MECHANISM APPLICATION 2021 • Hydroponics • Indoor Forecast Period • Aeroponics • Outdoor • Aquaponics 2022 – 2026 2

Table of Contents S. No. Contents Page No. 1. Product Overview (A brief description of the category and product inclusions considered under the scope of the study to give clear picture to the client about the product of interest.) 2. Research Methodology (A detailed methodology on how we have derived the market related information and what are the measures that has been taken to validate the data.) 3. Impact of COVID-19 on Saudi Arabia Vertical Farming Market 4. Executive Summary (This chapter covers summary of the complete study.) 5. Voice of Customer Saudi Arabia Vertical Farming Market Outlook, 2016-2026 (This chapter includes a brief overview 6. of the product of interest market such as total market’s growth rate, expected growth rate, key growth levers, leading region, top grossing product types, etc. It includes more of a qualitative information about the market.) Market Size & Forecast(This chapter would include the market size i.e., the revenue generated 6.1. from the Saudi Arabia vertical farming market in one year. In this case, the market size will be provided in value terms for historic period (2016-2019); current/base year (2020); estimated year (2021E); and forecast (2022F-2026F)) 6.1.1. By Value 6.2. Market Share & Forecast (The overall product of interest bifurcated/split among various segments. ) 6.2.1. By Structure (Building-Based Vertical Farms v/s Shipping Container Vertical Farms) 6.2.2. By Growth Mechanism (Hydroponics, Aeroponics, Aquaponics) 6.2.3. By Application (Indoor v/s Outdoor) 6.2.4. By Region (Northern & Central, Southern, Eastern, Western) 6.2.5. By Company (2020) 6.3. Product Market Map 3

Table of Contents S. No. Contents Page No. 7. Saudi Arabia Building-Based Vertical Farms Market Outlook 7.1. Market Size & Forecast 7.1.1. By Value 7.2. Market Share & Forecast 7.2.1. By Growth Mechanism 7.2.2. By Application 8. Saudi Arabia Shipping Container Vertical Farms Market Outlook 8.1. Market Size & Forecast 8.1.1. By Value 8.2. Market Share & Forecast 8.2.1. By Growth Mechanism 8.2.2. By Application 9. Market Dynamics 9.1. Drivers 9.2. Challenges 10. Market Trends & Developments 11. Policy & Regulatory Landscape 12. Saudi Arabia Economic Profile 4

Table of Contents S. No. Contents Page No. 13. Competitive Landscape 15.1. Competition Outlook 15.2. Company Profiles 15.2.1. Company Details 15.2.2. Products & Services 15.2.3. Financials (As Reported) 15.2.4. Key Market Focus & Geographical Presence 15.2.5. Recent Developments 15.2.6. Key Management Personnel 14. Strategic Recommendations (Based on the findings of the report strategic recommendations on how to enter and expand market share) 15. About Us & Disclaimer 5

RESEARCH METHODOLOGY

Research Methodology Market Formulating Developing List Data Data Data Profiling Questionnaire of Respondents Collection Validation Analysis In-depth secondary In order to conduct List of industry TechSci conducted Data obtained as a The data was scrutinized research was conducted to industry experts’ players and industry interviews with result of primary using MS-Excel, statistical determine top players in interviews, TechSci specialists was industry experts and and secondary tools and internal the Saudi Arabia vertical formulated a detailed developed. industry players for research was proprietary database to farming market, overall discussion guide. data collection and validated through obtain qualitative and market size and segmental verification. rigorous quantitative insights about market size. triangulation. the Saudi Arabia vertical farming market. Primary Research Desk Research Company Analysis ✓ Identifying Key Opinion ✓ Recent Developments ✓ Market Participants Data Data Filter Research & Actionable Business ✓ Market Changing ✓ Key Strengths Collection & Analysis Intelligence Insights Solution Leaders Aspects/Dynamics ✓ Questionnaire Design ✓ Government Policies ✓ In-depth Interviews ✓ Conclusion Primary Research Secondary Paid Sources Research ✓ LinkedIn ✓ Company Websites ✓ Factiva ✓ TechSci Internal ✓ Company Annual ✓ Hoovers Database Reports ✓ White Paper Study ✓ Financial Reports ✓ Investor Presentations ✓ Regulatory Body ✓ Associations, etc. 7

Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of Saudi Arabia vertical farming market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as increasing awareness about the use of modern technologies and equipment in the agricultural process are the major driving factors for the Saudi Arabia vertical farming market.. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in Saudi Arabia vertical farming market. Methodology Followed forCalculation of Market Size: • Market Size By Value: Market size, in terms of value, for the year 2020 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as vertical farming companies, channel partners, market influencers & end users, industry experts, and other industry participants. • The team interviewed more than 15 – 20 vertical farming companies, 45 – 50 channel partners, 80 – 100 end users, and 15 – 20 industry experts and other value chain stakeholders in Saudi Arabia vertical farming market to obtain the overall market size from 2016 to 2020, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2016-2020. 8

Research Methodology • Respondents were asked about the current and future market growth rates, market shares by structure, by growth mechanism, by application, by region and by company. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segmentswerefurthertriangulated from other stakeholders. Methodology Followed forCalculation of Market Shares: • Market shares by structure, by growth mechanism, by application, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of vertical farming market. The final shares were calculated by taking the geometric mean of the responsesgathered fromkeyopinionleadersafter eliminating the outliers. Methodology Followed forForecasting: • TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/TableauSoftware. • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Saudi Arabia vertical farming market, TechSci Research used various forecast techniques such as: ✓ Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis 9

Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also usedtheimpactanalysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be notedthatthefigures compiledare onlyfor the organized market including market share data. Partial List of Companies Interviewed Key Secondary Sources ▪ MowreqSpecialized Agriculture Company ▪ World Bank ▪ GrowGroupIFS ▪ TechSciResearch Proprietary Database & Knowledge ▪ Signify Saudi Arabia Repository ▪ KaleraAS ▪ Company Annual Reports ▪ AeroFarms, LLC ▪ IndustryMagazines ▪ Industry Reports ▪ News Dailies ▪ Credible Paid Databases 10

Industry Brief Saudi Arabia Vertical Farming Market to be Dominated by Hydroponics Growing Mechanism till 2026. Growing popularity of organic food and efficient energy utilization is driving the growth of Saudi Arabia Vertical Farming Market in the forecast period, 2022- 2026F. According to TechSci Research report, “Saudi Arabia Vertical Farming Market By Structure (Building-Based Vertical Farms v/s Shipping Container Vertical Farms), By Growth Mechanism (Hydroponics, Aeroponics, Aquaponics), By Application (Indoor v/s Outdoor), By Region, Competition Forecast & Opportunities, 2026”, the Saudi Arabia Vertical Farming market is expected to grow at an impressive rate during the forecast period, 2022-2026. The government is boosting the adoption of vertical farming methods to ensure reliable year-round crop production so that it is unaffected by the harsh weather conditions. Vertical farming promotes better land utilization for agricultural production and minimizes the usage of water, thereby saving wastage. It involves the use of minimal chemicals or pesticides. Vertical farming eliminates the need for transportation of essential food items over long distances. It provides the opportunity to grow the crops where the consumer lives, significantly reducing the transportation costs. However, limited variety of crops used in vertical farming, high initial costs, and less knowledge about the benefits of vertical farming may restrain the Saudi Arabia Vertical Farming market growth in the forecast period. The Saudi Arabia Vertical Farming market is segmented on the basis of structure, growth mechanism, application, regional distribution. On the basis of the structure, the Saudi Arabia Vertical Farming market is divided into building-based vertical farms and shipping container vertical farms. The shipping container vertical farms segment is expected to account for a significant market share in the forecast period. The growing health consciousness among the consumers and the high demand for organic vegetables such as leafy vegetables, mushrooms, strawberries, and others is expected to fuel the demand for shipping container segment in the vertical farming market of Saudi Arabia. On the basis of the growth mechanism, the Saudi Arabia Vertical Farming market is divided into hydroponics, aeroponics, and aquaponics. The hydroponics segment is expected to hold the largest market share in the forecast period. Hydroponics support the growth of plants in nutrient solutions that are free of soil. This growth mechanism provides several advantages, including higher return on investment, easier to set up, and is affordable. Therefore, it is in high demand among commercial growers. The hydroponics segment utilizes water most efficiently and reduces water wastage in the agricultural process. The number of nutrients supplied to the plants can be controlled by easily manipulating the plants' size and growth. Hydroponics mechanism supports the plants' development even in the occurrence of the power outage and continuously supplies essential nutrients and water to the plants, which is the primary reason for its high preference among the consumers. On the basis of application, the Saudi Arabia Vertical Farming market is bifurcated into indoor and outdoor. The indoor segment is expected to hold the largest market share in the next five years. The vertical indoor farming method utilizes less amount of water than the traditional farming methods. The water that remains unused by the plants is further utilized in the water recycling process. Indoor farming eliminates the need for manual labor as it uses automated technology to grow crops. The decreasing cost of LED technology which plays a crucial role in indoor vertical farming, is accelerating the growth of indoor agriculture all over the country. The introduction of LEDs with higher efficiency and longer lifespan and the availability of LED with full spectrum supports the cultivation of diverse crops. “Market players are taking the help of innovative technologies such as cleanroom technology, plant, and seed science, the internet of things, artificial intelligence, big data analytics, among others, in farming practice to upgrade the existing agriculture infrastructure for higher productivity. Modern technologies enable farmers to monitor and harvest crops quickly. The unavailability of fertile land in the country generates the demand for the adoption of modern practices and elevate the demand for vertical farming which is driving its market growth through 2026. The rise in the expenditure on research and development activities by the market players and the increasing focus on development of agriculture industry is expected to propel the Saudi Arabia Vertical Farming market till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 11

Sample Data -Snapshot Saudi Arabia Vertical Farming Market Size, By Value (USD Million), 2016-2026F 15.00 11.00 12.00 13.00 14.00 7.00 8.00 9.00 10.00 5.00 6.00 2016 CAGR By Value 2020 2021E CAGR By Value 2026F XX% YY% Saudi Arabia Vertical Farming Market Share, By Structure, Saudi Arabia Vertical Farming Market Share, By Growth By Value, 2016-2026F Mechanism, By Value, 2016-2026F Building-Based Vertical Farms Hydroponics Aeroponics Aquaponics Shipping Container Vertical Farms 2026F 50% 50% 2026F 33% 33% 34% 2025F 50% 50% 2025F 33% 33% 34% 2024F 50% 50% 2024F 33% 33% 34% 2023F 50% 50% 2023F 33% 33% 34% 2022F 50% 50% 2022F 33% 33% 34% 2021F 50% 50% 2021F 33% 33% 34% 2020 50% 50% 2020 33% 33% 34% 2019 50% 50% 2019 33% 33% 34% 2018 50% 50% 2018 33% 33% 34% 2017 50% 50% 2017 33% 33% 34% 2016 50% 50% 2016 33% 33% 34% Saudi Arabia Vertical Farming Market Share, By Region, By Value, 2016 & 2026F Western Region Northern & Central Region Eastern Region Southern Region 2026F 25% 25% 25% 25% 2025F 25% 25% 25% 25% 2024F 25% 25% 25% 25% 2023F 25% 25% 25% 25% 2022F 25% 25% 25% 25% 2021E 25% 25% 25% 25% 2020 25% 25% 25% 25% 2019 25% 25% 25% 25% 2018 25% 25% 25% 25% 2017 25% 25% 25% 25% 2016 25% 25% 25% 25% 12

Report Ordering Report Name: SAUDI ARABIA VERTICAL FARMING MARKET FORECAST & OPPORTUNITIES 2016 – 2026 License Type Price Single User License $3500 Multi-User License $4500 Custom Research License $7500 To View Sample OR Purchase Report 13

About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in numberof areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports • SaudiArabiaOrganicFarmingMarketByType(PureOrganicFarmingv/sIntegratedOrganicFarming),ByMethod(CropRotation,Polyculture, Mulching, Cutting, Composting, Weed Management, Soil Management, Others), By Land Area (Up to 1 Hectare, 1.1-5 Hectare, 5.1-10 Hectare, 10.1-30 Hectare), By Ownership (Contract Farming v/s Inhouse), By Crop Type (Oilseeds & Pulses, Cereals & Grains, Fruits & Vegetables, Others), By Region, Competition Forecast & Opportunities, 2026 • Agricultural Pheromones Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026, Segmented By Type (Sex Pheromones, Aggregation Pheromones, Others), By Function (Mating Disruption, Detection & Monitoring, Mass Trapping), By Mode of Application (Dispensers, Traps, Sprays), By Crop Type (Fruits & Nuts, Field Crops. Vegetable Crops, Others), By Region TechSci Research – North America TechSci Research – Europe TechSci Research – Asia-Pacific 708 Third Avenue, Manhattan, 54, Old brook, Bretton, B – 44, Sector – 57, Noida, National Capital New York, United States Peterborough, Region, U.P. - India Tel: +1- 646- 360- 1656 United Kingdom Tel: +91-120-4523900 Email: [email protected] Email: [email protected] Email: [email protected] www.techsciresearch.com www.techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.