Market Insights and Analysis: Global Controlled Environment Agriculture Market Overview and Projections (2024-2030)
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. The growth of the market is propelled mainly by the rising food requirements and gradually reducing arable land worldwide, i.e., leading to the growing need for a controlled environment for agriculture.
Top leading companies in the Global Controlled Environment Agriculture Market includes:
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,.
Global Controlled Environment Agriculture Market Driver:
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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Report Segmentation:
The market is categorized into the following segments in the report:
By Growing Method
-Hydroponics
-Aeroponics
-Aquaponics
By Crop Type
-Vegetables
-Fruits
By Component
-Lighting
-Sensors
-Nutrients.
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Global Controlled Environment Agriculture Market Geographic Reach:
The Geographic Reach of the Global Controlled Environment Agriculture Market evaluates the spread and significance of Global Controlled Environment Agriculture market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- North America: The US, Canada, Mexico
- South America: Brazil, Rest of South America
- Europe: Germany, The UK, France, Spain, Italy, The Netherlands, Rest of Europe
- Asia-Pacific: China. Japan. India. South Korea. Rest of Asia Pacific
- Middle East & Africa: UAE, Israel, Saudi Arabia, South Africa, Rest of Middle East & Africa.
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