Kuwait Smart Plantation Market (2023-2029) Trends, Analysis, Forecast, COVID-19 Impact, Size, Growth, Share, Industry, Value, Revenue & Companies:arket Forecast By Types, By Components, By Crop and Competitive Landscape

Kuwait Smart Plantation Market Synopsis

Kuwait Smart Plantation market experienced moderate growth from 2019 to 2022. This growth can be attributed to Kuwait's dedication to modernizing agriculture and adopting advanced technologies, such as controlled environments and advanced automation, offers the potential to increase agricultural production within a smaller footprint, promising a prosperous future for smart plantations in the country.
According to this research, Kuwait Smart Plantation Market size is projected to increase at a CAGR of 9.4% during 2023-2029. The Kuwait Smart Plantation market is on the brink of substantial growth in the coming years, driven by several key factors. Firstly, Kuwait faces a scarcity of arable land, making sustainable agriculture a priority. Vertical farming, with its space-efficient design, is gaining momentum as a solution for instance - Abu Dhabi’s pure harvest company to invest 30 million euro to build a high-tech farm in Kuwait by 2025. Additionally, government support, exemplified by the Kuwait National Adaptation Plan 2019-2030, underscores the commitment to climate resilience and sustainability, aligning with smart plantation solutions, especially vertical farming, known for its water-efficient practices in this water-scarce nation. The country's water scarcity is a significant challenge, with Kuwait heavily relying on seawater conversion for its potable water supply. The government has initiated projects like "Valuing Water" and "Water Resources Development and Management Program" to address this issue, including seawater desalination facilities and wastewater treatment for domestic and irrigation use by 2030. Partnering with Korean companies to implement advanced irrigation techniques, vertical farming, and controlled environment agriculture is expected to reduce food import dependency and drive demand for smart plantation solutions.

Market by Types

Smart irrigation systems are set for robust revenue growth due to their key role in mitigating water scarcity, optimizing resources, and aligning with the government initiatives for sustainable agriculture.

Market by Components

Hardware segment is expected to garner the highest revenue growth in the Kuwait smart plantation market owing to the need of the hardware in the initial stage of the farming, along with vital contribution to the environmental monitoring and system integration for holistic farm management.

Market by Crop

Fruits and vegetables hold a predominant position in the overall smart plantation market revenues in Kuwait, attributed to their shorter growth cycles and high perishability, characteristics that also contribute to water efficiency, a critical factor in a water-scarce country like Kuwait.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 11 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Kuwait Smart Plantation Market Overview
• Kuwait Smart Plantation Market Outlook
• Kuwait Smart Plantation Market Forecast
• Historical Data and Forecast of Kuwait Smart Plantation Market Revenues, for the Period 2019-2029F
• Historical Data and Forecast of Kuwait Smart Plantation Market Revenues, By Types, for the Period 2019-2029F
• Historical Data and Forecast of Kuwait Smart Plantation Market Revenues, By Crop, for the Period 2019-2029F
• Historical Data and Forecast of Kuwait Smart Plantation Market Revenues, By Component, for the Period 2019-2029F
• Kuwait Smart Plantation Market Drivers and Restraints
• Kuwait Smart Plantation Market Trends
• Kuwait Smart Plantation Market Porters Five Forces
• Kuwait Smart Plantation Market Opportunity Assessment, By Types, 2029F
• Kuwait Smart Plantation Market Opportunity Assessment, By Crop, 2029F
• Kuwait Smart Plantation Market Opportunity Assessment, By Component, 2029F

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Types

• Irrigation Systems
• Plant Growth Monitoring Systems
• Harvesting Systems
• Others

By Components

• Hardware
• Software
• Service

By Crop

• Fruits and Vegetables
• Fodder Crops
• Herb and Medicinal Plants
• Others