How big is the Global Controlled Environment Agriculture market?
According to MarkNtel Advisors study, the Global Controlled Environment Agriculture Market is projected to grow at around 25.71% CAGR during the forecast period, i.e., 2023-28.
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Key Driver: Rising Demand for Chemical-Free, High-Quality, & 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, & sustainability of the food they consume, i.e., leading to a large number of people adopting food products free from harmful residues, grown using sustainable practices, and available year-round. 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.
Moreover, it is a more sustainable alternative to conventional farming practices as it minimizes the need for large amounts of water, reduces soil erosion, and optimizes resource utilization. With the use of 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 Market.
Leading Companies in the Global Controlled Environment Agriculture market:
- 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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Global Controlled Environment Agriculture Market Segmentation:
By Growing Method
- Hydroponics
- Aeroponics
- Aquaponics
By capturing the substantial share, Hydroponics is projected to continue dominating the Global Controlled Environment Agriculture Market during 2023-28,
By Crop Type
- Vegetables
- Fruits
By Component
- Lighting
- Sensors
- Nutrients
Regional/ Countries Insight:
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Of all regions globally, Europe is projected to be the major contributor to the growth of the Controlled Environment Agriculture Market through 2028.
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MarkNtel Advisors is a leading consulting, data analytics, and market research company that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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