Press release
Global Controlled Environment Agriculture Market Size, Share, Demand, Overview, Outlook Future and Forecast Till 2024
Global Controlled Environment Agriculture Market
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It is estimated that the global controlled environment agriculture market will be worth more than USD 1,42,222.6 Million by 2024. The market of global controlled environment agriculture will be receiving an opportunity of USD 76,977.5 Million between 2019 & 2024. In addition to this, global controlled environment agriculture market value is projected to witness a Y-O-Y growth of 19.9% in 2024 as compared to previous years. Global controlled environment agriculture market is likely to be driven by a number of factors such as market demand for local food, advancements in greenhouses and others.
Growth Drivers – Controlled Environment Agriculture Market
Increasing Global Demand for Food
The world’s population is expected to grow to almost 10 billion by 2050. It is becoming increasingly difficult to satisfy the rising global demand for food in a sustainable manner. Due to this, in order to meet the food demand of an increasing population, the government and farmers are adopting more advanced farming techniques such as Hydroponics, Aeroponics, Aquaponics, soiled based and other hybrid methods. The farmers are majorly growing leafy greens, tomatoes, cannabis, flowers, microgreens, strawberries, herbs, cucumbers, peppers, mushrooms, onions, leeks, hops, figs, sweet corn, eggplant, fish, insects, carrots, and shrimp. This rising popularity of controlled environmental agriculture techniques is resulting in an increase in the number of small and large indoor farms across the globe and these farms are also encouraging the consumption of other supplies such as nutrients, growing media, and others.
Remarkable Advantages of CEA
Conservation of water and nutrients is one of the many advantages of controlled environment agriculture over conventional farming methods. These advanced farming techniques such as hydroponics, aquaponics, and other soilless farming methods are effectively preventing wastage of water and overuse of nutrients. In a controlled environment, the plants have better health and faster growth, which reduces the need for pesticides and other supplements. Owing to their good health, CEA grown produces are noticeably better in both size and quality then soil-grown crops.
Barriers – Controlled Environment Agriculture Market
The high cost of Nutrients used in Hydroponics
Although, CEA allows faster plant growth throughout the year, allowing larger yields. In order to do this, like any form of agriculture, CEA production is a high-risk, low margin enterprise. Establishing a CEA hydroponic vegetable operation requires considerable capital investment. Depending on the size of the operation and the level of technology involved, the investment can run into the tens of millions of dollars. This high required investment, high operating cost and high risks a huge challenge for growers and for the controlled environment agriculture market.
Segmentation
By Crop:
– Lettuce & Leafy Greens
– Cucumber
– Tomato
– Peppers
– Cannabis
– Strawberries
– Others
By Growing Method:
– Hydroponics
– Aquaponics
– Aeroponics
– Others
By Components:
– Lighting
– Growing Media
– Nutrients
– Others
By Geography:
– North America (U.S. & Canada)
– Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
– Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
– Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
– Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive Landscape
The report profiles various major market players such as
Pentair Aquatic Eco-Systems, Inc.
Everlight Electronics Co. Ltd.
Illumitex Inc.
Aerofarms
Amhydro (American Hydroponics)
Innovation Agri-Tech Group
Green Sense Farms
Fresh Box Farms
Grow Pod Solutions, LLC
Nelson and Pade, Inc.
Other Major & Niche Players
Browse Full Report With TOC – https://www.fastmr.com/report/controlled-environment-agriculture-market
Table of Contents
Research Methodology
Market Definition and List of Abbreviations
1.Executive Summary
2.Growth Drivers & Barriers in Global Controlled Environment Agriculture Market
3.Global Controlled Environment Agriculture Market Trends
4.Opportunities in Global Controlled Environment Agriculture Market
5.Recent Industry Activities, 2018
6.Porter’s Five Forces Analysis
7.Market Value Chain Analysis
8.Global Controlled Environment Agriculture Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
9.Global Controlled Environment Agriculture Market Segmentation Analysis, By Crop
9.1. Introduction
9.2. Market Attractiveness, By Crop
9.3. BPS Analysis, By Crop
9.4. Lettuce & Leafy Greens Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
9.5. Cucumber Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
9.6. Tomato Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
9.7. Peppers Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
9.8. Cannabis Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
9.9. Strawberries Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
9.10. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
10.Global Controlled Environment Agriculture Market Segmentation Analysis, By Growing Method
10.1. Introduction
10.2. Market Attractiveness, By Growing Method
10.3. BPS Analysis, By Growing Method
10.4. Hydroponics Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
10.5. Aquaponics Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
10.6. Aeroponics Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
10.7. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.Global Controlled Environment Agriculture Market Segmentation Analysis, By Components
11.1. Introduction
11.2. Market Attractiveness, By Components
11.3. BPS Analysis, By Components
11.4. Lighting Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.5. Growing Media Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.6. Nutrients Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
11.7. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2018-2024
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