Qatar’s agriculture industry is expected to witness buoyant growth this year, as the market size is anticipated to reach $170.95m (QR622.34m), according to analysts at Mordor Intelligence.
The report states that by 2029, the market size will amount to $223.10m (QR812.20m), surging at a compound annual growth rate (CAGR) of 5.47 percent during the forecast period.
Last year, analysts at the research group noted that the market size reached about $162.08m (QR 590.09m) and will total an amount of $211.53m (QR 770.13m) by 2028, growing at the same CAGR. According to market experts, some of the trends shaping the sector include the expansion in the adoption of high-technology farming products.
“Qatar’s climate is characterized by low rainfall and high temperatures. Despite these challenges, the country has made tremendous efforts over the past few years by adopting sustainable and smart agriculture techniques such as hydroponics, smart irrigation, and aquaponics that have improved the optimum utilization of arable land and the quality of fruits and vegetables,” the report said.
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