Global Controlled Environmental Agriculture Market Forecast 2024-30: Analyzing Growth Drivers, Market Share, Segments, Latest Trends

CEA is a methodology facilitate elevating 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. These systems are used for growing crops in surrounded or semi-surrounded environments, such as greenhouses, vertical farms, and indoor farms, where environmental conditions can be easily managed. This is the reason, the Controlled Environment Agriculture industry nowadays is witnessing huge upsurge owing to the various factors such as high demand for unique and well-nutrient food owing to the mounting health consciousness and awareness, in coupled with the growing adoption of advanced components such as lighting, climate control, nutrients, and others.

Markntel Advisors, a leading, consulting, data analytics, and market research firm, offered comprehensive report based on "Global Controlled Environment Agriculture Market Research Report: Forecast (2024-2030)". According to the report, the Controlled Environment Agriculture Global 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.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 - https://www.marknteladvisors.com/query/request-sample/controlled-environment-agriculture-market.html

What Factors Are Driving the Growth of the Global Controlled Environmental Agriculture Market Forward?

The growth of the CEA market is influenced by numerous components, such as growing shift towards organic food, is also considered as one of the leading factor in the growing market. As the consumers are becoming aware of the health issues associated with chemical consumption via food and nutrients. This resulted in increasing adoption of food products that are free from harmful residues, i.e., organic food and growing organically. CEA offers a controlled environment where crops can be grown without using pesticides, herbicides, or fungicides, eventually meeting the growing requirements for organic food. Therefore, the rising inclination towards organic food drives the growth of CEA market globally. Additionally, as per the latest report published by United Nations, the current world population of 7.6 billion is expected to reach 8.6 billion in 2030, 9.8 billion in 2050 and 11.2 billion in 2100. This growing population propels food production to raise by 70% for satisfying the global requirements. Due to this its is becoming more difficult to justify the rising demand for food in sustainable manner. As a result, the farmers are adopting more advanced CEA techniques such as Hydroponics, aeroponics, aquaponics. This rising popularity of controlled environmental agriculture techniques is resulting in rising 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. Furthermore, rising land scarcities have been encouraging the adoption of CEA since controlled environment farming is considered an efficient way to produce more food with fewer land utilization. Moreover, climate change significantly impacts farmer output by causing disruptions in weather patterns, leading to issues like droughts, floods, extreme heat, and changes in rainfall distribution, which can result in lower crop yields, reduced quality, and increased susceptibility to pests and diseases, ultimately affecting the overall agricultural productivity and food security. Here CEA system facilitates providing favorable environment to the crops, for enhancing productivity and better output. These drivers elevated the incredible demand in Global Controlled Agriculture Environment Market.

What are the Significant Opportunities Seeking Widespread Attention from Global Market?

To bolstered the adoption of CEA across globe, various government of different countries are initiating supportive incentives and regulation. For instances, in the UK, Japan, Europe, many of the farming decisions for the crops are based on government subsidies available at the time. In addition to this, for encouraging more environmentally friendly land management, many grants are available for controlled environment agriculture. Moreover, the government are adopting certain farming techniques that facilitate farmers to majorly grow, leafy greens, tomatoes, flowers, microgreens, strawberries, herbs, cucumbers etc. Also, governments and private sectors are investing heavily on these innovations to augment food security and agriculture efficiency. Another prominent opportunity is the flourishing requirements from pharmaceutical companies also paves numerous doors for expanding CEA market worldwide.

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How Challenges Are Restricting the Growth of the CEA Industry?

Controlled environmental agriculture requires skilled labors coupled with significant setup costs for maintaining the cultured technology for better productivity. However, the industry is undergoing with shortage of well-trained skilled labor owing to high cost demand, resulted in hampering the growth of the industry. Additionally, these large-scale settings involve sufficient investment in advanced technology that consists of lighting, climate control, proper irrigation systems, substantial energy setups, inputs to regulate temperature, and automated systems. Furthermore, setting up indoor and vertical farms also comprises substantial costs related to the infrastructure, artificial lighting, and advances sensor necessary for regulation of environmental conditions. Hence, the high initial & operational cost is limiting the Global Controlled Environment Agriculture Market growth. Another factor restring industry growth is CEA promotes year-round quicker plant development, resulting in higher yields, Therefore, CEA production is a high-risk, low-margin business similar to all forms of agriculture.

What Trends Are Elevating Exponential Growth of Controlled Environmental Agriculture Market?

The ongoing trends such as embracing vertical farming is gaining traction, specifically in areas that are facing land scarcity. As vertical farming method encompasses the process of growing crops in vertically stacked layers, often in shipping containers or urban buildings, maximizing space usage & reducing the distance food travels from fields or farms to our tables. Also, vertical farming methods considerably use less water & land compared to traditional farming. In addition to this, the system uses cutting-edge hydroponic technology to offer a nutrient-rich water solution straight to the roots of the plants, guaranteeing quick and consistent growth. Thus, owing to its positive factors, the method of farming is witnessing a growing trend across the Controlled Environment Agriculture Market. Furthermore, evolving artificial intelligence, adaptive data analysis, complex mathematical models, hardware-software interfaces, and growing technological breakthroughs are providing CEAs with flexible design and control methodologies to reach higher automation levels.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.

• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.

• Company Profiles: Coverage of major players in the Global CEA Market such as 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, and Others,

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Top Players and their Strategies Encouraging Industry Expansion

• AmHydro: AmHydro is a global manufacturer and supplies of hydroponic systems since 1984. The customers represent over 100 nations around the globe as well as all 50 states. Recently, AmHydro joined hands with Ryzee to launch the latest All-in-one Farm Optimization Platform.

• Vertical Future: Vertical Future is a global Controlled-Environment-Agriculture technology and data company that designs, manufactures, and builds autonomous vertical farms, encompassing proprietary hardware and software. Recently, the company has been rewarded a new grant of GBP 1.5 million to venture into the second phase of the "Autonomous Agriculture for Space Exploration" project.

Segmentation Analysis:

Growing Method Analysis: Hydroponics Segment Gained the Substantial Demand

The Growing method segment is sub divided into hydroponics, aeroponics, and aquaponics. Hydroponics segment demonstrate the upward growth graph. This is because it is considered as smartest way of producing yield with less water consumption gives better results in comparison with soil-grown plants.

Component Analysis: Lighting Segment is Considered the Lucrative Segment in Component Study

The component segmentation analysis is based on Lighting, Sensors, and Nutrients. Lighting segment signifies the primary component in the growing industry, driven by integrating artificial intelligence, that facilitate with the necessary intensity of light as per the availability.

Crop Type Analysis: Vegetable Segment Accounted for the Largest Revenue in the Market

The Crop type segment is further divided into Vegetables and Fruits. Vegetables are the leading segment in the controlled environment agriculture (CEA) market primarily due to their widespread consumer demand, high market value, and suitability for indoor cultivation.

Regional Segmentation Analysis:

This segment comprises North America, Europe, South America, Asia-Pacific, the Middle East, and Africa.

• Europe is emerged as the largest market in historic years, owing to the growing greenhouse technology and advanced horticulture. Additionally, the region had experienced high demand for fresh produce, and the rising adoption of CEA technology.

• North America is projected to gain traction in the forthcoming years, owing to the growing urbanization, rapidly increasing population, and availability of low-cost labor. Moreover, the essential reason behind this prediction is the crucial steps taken by government to support adoption of CEA by farmers.

• Asia-Pacific region is expected to witness substantial growth in the CEA market because of robust demand for fresh produce, limited agriculture land, and rising investment in sustainable farming practices. Furthermore, China, Japan, and Australia is considered as key markets in the region.

• Other regions including Latin America, the Middle East, and Africa are also projected to undergo huge upsurge due to enhanced food security, reduce dependency on imports, and lucrative adoption of sustainable farming practice.

Conclusion

As per the analytical report published by Markntel Advisors, the controlled environment agriculture industry is anticipated to grow & flourish during the forecast period as above-stated factors are changing market landscape and opening doors to the market players. Market players can enhance their market size & revenue through meeting with the changing market dynamics and evolving consumers' expectations. Additionally, market players with the help of SWOT analysis can adjust their existing settings with reference to the evolving market trends, which would ultimately augment the size & volume of the entire industry at global level.

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• Global Agricultural Pheromones Market Research Report - https://www.marknteladvisors.com/research-library/global-agricultural-pheromones-market.html

• Europe Agriculture Drones Market Research Report - https://www.marknteladvisors.com/research-library/europe-agriculture-drones-market.html

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MarkNtel Advisors is a leading consulting, data analytics, and market research firm 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.

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This release was published on openPR.