According to Markntel Advisors Report, Controlled Environment Agriculture Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Controlled Environment Agriculture (CEA) is an approach to growing more and more crops in protected settings where environmental factors like water, temperature, light, nutrients, humidity, gasses concentration, carbon dioxide, oxygen, and other necessary plant materials are provided artificially. This includes high tunnels, greenhouses, vertical farms, and plant factories. CEA gradually protects from the impact of extreme conditions like droughts, floods, or unexpected frosts, and also facilitates by enhancing the growth of crops, reducing pests or diseases, building efficiencies, saving costs, and increasing the popularity of CEA worldwide.
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Global Controlled Environment Agriculture Market Research Report Summary:
The Global Controlled Environment Agriculture Market size was valued at USD 18.3 billion in 2023 and is projected to grow at around 25.71% CAGR during the forecast period, i.e., 2024-30.
Time Period Captured in the Report:
- Historical Years: 2019-22
- Base Years: 2023
- Forecast Years: 2024-2030
Who are the Key Players Operating in the Controlled Environment Agriculture Market?
The top companies of the Controlled Environment Agriculture Market ruling the industry are:
American Hydroponics[AMHYDRO], Ponics Technologies, Vertical Future, Nelson Pade Inc., Innovation Agritech Group, The Aquaponic Source, Go Green Aquaponics, V-plus Agritech Pte Ltd, Ponic Greens, Rise Hydroponics, Everlight Electronics Co., Ltd, Freight Farms, ams-OSRAM AG, Heliospectra, Others,
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Controlled Environment Agriculture Industry Recent Development:
- January 2024: AmHydro joined hands with Ryzee to launch the latest All-in-one Farm Optimization Platform.
What is Included in Controlled Environment Agriculture Market Segmentation?
The Controlled Environment Agriculture Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
-By Growing Method
-Hydroponics
-Aeroponics
-Aquaponics
-By Crop Type
-Vegetables
-Fruits
-By Component
-Lighting
-Sensors
-Nutrients
-By Region
-North America
-South America
-Europe
-Middle East Africa
-Asia-Pacific
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Market Dynamics -Global Controlled Environment Agriculture Market:
Rising Demand for Chemical-free, High-quality, and Sustainably-produced Food – As more more consumers are becoming increasingly aware of the potential health risks associated with chemicals other contaminants in food, there are growing concerns over the quality, safety, and sustainability of the food they consume. Thus, in line with this numerous people are adopting food products that are free from harmful residues, and are grown organically. This, in turn, is aiding in driving the Controlled Environment Agriculture Market. CEA provides a controlled environment where crops can be grown without using pesticides, herbicides, or fungicides, which results in safer higher-quality produce that meets stringent food safety regulations.
Furthermore, using vertical farming techniques, CEA maximizes land efficiency minimizes land degradation while reducing the carbon footprint associated with traditional agriculture practices. Hence, these aspects are augmenting the popularity of CEA worldwide and spurring growth in the Global Controlled Environment Agriculture Industry.
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