Press release
Global Controlled Environment Agriculture Market - Pentair Aquatic Eco-Systems, Inc., Everlight Electronics Co. Ltd., Illumitex Inc., Aerofarms, Amhydro (American Hydroponics), Innovation Agri-Tech Group, Green Sense Farms
The global controlled environment agriculture market has been segmented based on crop, growing method, and components. The controlled environment agriculture crop market is segmented into lettuce & leafy greens, cucumber, tomato, peppers, cannabis, strawberries, and others. In terms of value, the global controlled environment agriculture market for tomato segment was valued at USD 21,316.0 Million in 2018. Moreover, the global controlled environment agriculture market for tomato segment is expected to achieve the absolute $ opportunity of USD 27,537.6 Million between 2019-2024.
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In the growing methods segment, the controlled environment agriculture market is sub-segmented into hydroponics, aquaponics, aeroponics, and others. The global controlled environment agriculture market for hydroponics segment is expected to expand at a CAGR of 13.2% in terms of value over the forecast period i.e. 2019-2024. The global controlled environment agriculture market for hydroponics segment accounted for USD 6,422.4 Million in 2018.
Strong Demand for Local Foods
Today, 55% of the world’s population lives in urban areas, a proportion that is expected to increase to 68% by 2050. Yet, population living in urban areas are demanding locally grown foods such as fruits, vegetables, meat etc. CEA producers across the globe are setting up their production centres near to urban consumers to take advantage of this trend due to their proximity to urban centres. Other advantages of CEA such as requirement of less time and expense in transportation of crop products and better product quality are also expected to strengthen the growth of global controlled environment agriculture market in upcoming years.
Rising 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.
Regional Outlook:
In terms of geography, the controlled environment agriculture market is segregated into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Europe controlled environment agriculture market accounted for a market share of 50.1% in 2018 and is expected to attain a notable market share by the end of 2024.
In terms of value, Europe controlled environment agriculture market is expected to reach USD 64,322.8 Million by the end of 2024 from USD 28,903.5 Million in 2018. The market value of Europe controlled environment agriculture market is expected to rise at a CAGR of 14.9% over the forecast period. In addition to this, Europe controlled environment agriculture market value is projected to witness a Y-O-Y growth of 17.9% in 2024 as compared to previous years.
Competitive Landscape:
The report also covers detailed competitive analysis of major market players of the global controlled environment agriculture market, 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. and other major and niche players. The controlled environment agriculture market is witnessing a wide range of industry activities such as product launch, acquisition, advancement, joint venture and expansion across the globe. For instance, on 06th June 2018, Illumitex Inc. launched harvestedge toplight for controlled environment agriculture. This launch helped the company to provide immense growth opportunities to grow. Apart from this, the product launch helped the company in expand its product range.
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Table of Content
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. Industry Development
6. Porter's Five Forces Analysis
7. Market Value Chain Analysis
8. Global Controlled Environment Agriculture Market Size & Forecast (USD Million), 2017-2023
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 Size & Forecast (USD Million), 2017-2023
9.5. Cucumber Market Size & Forecast (USD Million), 2017-2023
9.6. Tomato Market Size & Forecast (USD Million), 2017-2023
9.7. Peppers Market Size & Forecast (USD Million), 2017-2023
9.8. Cannabis Market Size & Forecast (USD Million), 2017-2023
9.9. Strawberries Market Size & Forecast (USD Million), 2017-2023
9.10. Others Market Size & Forecast (USD Million), 2017-2023
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. Hydroponic Market Size & Forecast (USD Million), 2017-2023
10.5. Aquaponics Market Size & Forecast (USD Million), 2017-2023
10.6. Aeroponics Market Size & Forecast (USD Million), 2017-2023
10.7. Others Market Size & Forecast (USD Million), 2017-2023
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 Size & Forecast (USD Million), 2017-2023
11.5. Growing Media Market Size & Forecast (USD Million), 2017-2023
11.6. Nutrients Market Size & Forecast (USD Million), 2017-2023
11.7. Others Market Size & Forecast (USD Million), 2017-2023
12. Global Controlled Environment Agriculture Chemical Nutrients Market
13. Global Controlled Environment Agriculture Chemical Nutrients Market, by Type
13.1. Introduction
13.2. Market Attractiveness, By Type
13.3. BPS Analysis, By Type
13.4. PH Regulators Market Size & Forecast (USD Million), 2017-2023
13.5. Additives Market Size & Forecast (USD Million), 2017-2023
13.6. N-P-K Market Size & Forecast (USD Million), 2017-2023
13.7. Liquid Fertilizers Market Size & Forecast (USD Million), 2017-2023
13.8. Others Market Size & Forecast (USD Million), 2017-2023
13.9. Bacterial Inoculants Market Size & Forecast (USD Million), 2017-2023
13.10. Biostimulants Market Size & Forecast (USD Million), 2017-2023
13.11. Others Market Size & Forecast (USD Million), 2017-2023
14. Geographical Analysis
14.1. North America Market Size & Forecast (USD Million), 2017-2023
14.1.1. By Crop
14.1.1.1. Introduction
14.1.1.2. Lettuce & Leafy Greens Market Size & Forecast (USD Million), 2017-2023
14.1.1.3. Cucumber Market Size & Forecast (USD Million), 2017-2023
14.1.1.4. Tomato Market Size & Forecast (USD Million), 2017-2023
14.1.1.5. Peppers Market Size & Forecast (USD Million), 2017-2023
14.1.1.6. Cannabis Market Size & Forecast (USD Million), 2017-2023
14.1.1.7. Strawberries Market Size & Forecast (USD Million), 2017-2023
14.1.1.8. Others Market Size & Forecast (USD Million), 2017-2023
14.1.2. By Growing Method
14.1.2.1. Introduction
14.1.2.2. Hydroponic Market Size & Forecast (USD Million), 2017-2023
14.1.2.3. Aquaponics Market Size & Forecast (USD Million), 2017-2023
14.1.2.4. Aeroponics Market Size & Forecast (USD Million), 2017-2023
14.1.2.5. Others Market Size & Forecast (USD Million), 2017-2023
14.1.3. By Components
14.1.3.1. Introduction
14.1.3.2. Lighting Market Size & Forecast (USD Million), 2017-2023
14.1.3.3. Growing Media Market Size & Forecast (USD Million), 2017-2023
14.1.3.4. Nutrients Market Size & Forecast (USD Million), 2017-2023
14.1.3.5. Others Market Size & Forecast (USD Million), 2017-2023
14.1.4. By Country
14.1.4.1. Introduction
14.1.4.2. Market Attractiveness, By Country
14.1.4.3. BPS Analysis, By Country
14.1.4.4. U.S. Market Size & Forecast (USD Million), 2017-2023
14.1.4.5. Canada Market Size & Forecast (USD Million), 2017-2023
14.2. Europe Market Size & Forecast (USD Million), 2017-2023
14.2.1. By Crop
14.2.1.1. Introduction
14.2.1.2. Lettuce & Leafy Greens Market Size & Forecast (USD Million), 2017-2023
14.2.1.3. Cucumber Market Size & Forecast (USD Million), 2017-2023
14.2.1.4. Tomato Market Size & Forecast (USD Million), 2017-2023
14.2.1.5. Peppers Market Size & Forecast (USD Million), 2017-2023
14.2.1.6. Cannabis Market Size & Forecast (USD Million), 2017-2023
14.2.1.7. Strawberries Market Size & Forecast (USD Million), 2017-2023
14.2.1.8. Others Market Size & Forecast (USD Million), 2017-2023
14.2.2. By Growing Method
14.2.2.1. Introduction
14.2.2.2. Hydroponic Market Size & Forecast (USD Million), 2017-2023
14.2.2.3. Aquaponics Market Size & Forecast (USD Million), 2017-2023
14.2.2.4. Aeroponics Market Size & Forecast (USD Million), 2017-2023
14.2.2.5. Others Market Size & Forecast (USD Million), 2017-2023
14.2.3. By Components
14.2.3.1. Introduction
14.2.3.2. Lighting Market Size & Forecast (USD Million), 2017-2023
14.2.3.3. Growing Media Market Size & Forecast (USD Million), 2017-2023
14.2.3.4. Nutrients Market Size & Forecast (USD Million), 2017-2023
14.2.3.5. Others Market Size & Forecast (USD Million), 2017-2023
14.2.4. By Country
14.2.4.1. Introduction
14.2.4.2. Market Attractiveness, By Country
14.2.4.3. BPS Analysis, By Country
14.2.4.4. Germany Market Size & Forecast (USD Million), 2017-2023
14.2.4.5. United Kingdom Market Size & Forecast (USD Million), 2017-2023
14.2.4.6. France Market Size & Forecast (USD Million), 2017-2023
14.2.4.7. Italy Market Size & Forecast (USD Million), 2017-2023
14.2.4.8. Spain Market Size & Forecast (USD Million), 2017-2023
14.2.4.9. Russia Market Size & Forecast (USD Million), 2017-2023
14.2.4.10. Rest of Europe Market Size & Forecast (USD Million), 2017-2023
14.3. Asia Pacific Market Size & Forecast (USD Million), 2017-2023
14.3.1. By Crop
14.3.1.1. Introduction
14.3.1.2. Lettuce & Leafy Greens Market Size & Forecast (USD Million), 2017-2023
14.3.1.3. Cucumber Market Size & Forecast (USD Million), 2017-2023
14.3.1.4. Tomato Market Size & Forecast (USD Million), 2017-2023
14.3.1.5. Peppers Market Size & Forecast (USD Million), 2017-2023
14.3.1.6. Cannabis Market Size & Forecast (USD Million), 2017-2023
14.3.1.7. Strawberries Market Size & Forecast (USD Million), 2017-2023
14.3.1.8. Others Market Size & Forecast (USD Million), 2017-2023
14.3.2. By Growing Method
14.3.2.1. Introduction
14.3.2.2. Hydroponic Market Size & Forecast (USD Million), 2017-2023
14.3.2.3. Aquaponics Market Size & Forecast (USD Million), 2017-2023
14.3.2.4. Aeroponics Market Size & Forecast (USD Million), 2017-2023
14.3.2.5. Others Market Size & Forecast (USD Million), 2017-2023
14.3.3. By Components
14.3.3.1. Introduction
14.3.3.2. Lighting Market Size & Forecast (USD Million), 2017-2023
14.3.3.3. Growing Media Market Size & Forecast (USD Million), 2017-2023
14.3.3.4. Nutrients Market Size & Forecast (USD Million), 2017-2023
14.3.3.5. Others Market Size & Forecast (USD Million), 2017-2023
14.3.4. By Country
14.3.4.1. Introduction
14.3.4.2. Market Attractiveness, By Country
14.3.4.3. BPS Analysis, By Country
14.3.4.4. China Market Size & Forecast (USD Million), 2017-2023
14.3.4.5. India Market Size & Forecast (USD Million), 2017-2023
14.3.4.6. Japan Market Size & Forecast (USD Million), 2017-2023
14.3.4.7. South Korea Market Size & Forecast (USD Million), 2017-2023
14.3.4.8. Indonesia Market Size & Forecast (USD Million), 2017-2023
14.3.4.9. Taiwan Market Size & Forecast (USD Million), 2017-2023
14.3.4.10. Australia Market Size & Forecast (USD Million), 2017-2023
14.3.4.11. New Zealand Market Size & Forecast (USD Million), 2017-2023
14.3.4.12. Rest of Asia Pacific Market Size & Forecast (USD Million), 2017-2023
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