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Controlled Environment Agriculture Market to Grow at a CAGR of 12.42% in the Forecast Period of 2024-2030

Controlled Environment Agriculture Market

Controlled Environment Agriculture Market

The Controlled Environment Agriculture Market size was valued at USD 98.49 Billion in 2023 and the total Controlled Environment Agriculture Market revenue is expected to grow at a CAGR of 12.42% from 2024 to 2030, reaching nearly USD 223.45 Billion.

Controlled Environment Agriculture Market Overview:

Controlled Environment Agriculture market encompasses various technologies, including hydroponics, aeroponics, and aquaponics, enabling precise control over environmental factors like temperature, humidity, light, and nutrients. This precision enhances crop yields, reduces resource consumption, and minimizes the need for pesticides, contributing to sustainable agriculture practices.​

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Controlled Environment Agriculture Market Dynamics

The global Controlled Environment Agriculture market market is experiencing rapid growth, driven by the diminishing availability of arable land and the escalating need for sustainable food production. Technological advancements, such as AI-driven climate control systems and automated harvesting, are further propelling the adoption of Controlled Environment Agriculture market. For instance, Saffron Tech's integration of AI in saffron cultivation has significantly improved productivity and quality.

Controlled Environment Agriculture Market Outlook and Future Trends :

The future of Controlled Environment Agriculture market looks promising, with projections indicating substantial market expansion. Innovations like vertical hydroponic farms and electro-agriculture, which allows crops to grow without sunlight, are set to redefine urban farming. These advancements could drastically reduce land use and carbon footprints, making fresh produce more accessible in urban areas. ​

Key Recent Developments

Vietnam and Thailand: Both countries are investing in Controlled Environment Agriculture market to enhance food security and reduce dependence on imports. Local startups are emerging, focusing on hydroponic and aquaponic systems tailored to tropical climates.​

Japan and South Korea: These nations are leveraging advanced technologies like robotics and AI in vertical farming. Japan's Spread Co., Ltd. has established large-scale vertical farms, while South Korea's government is supporting smart farm initiatives to boost agricultural productivity.​

Singapore: With limited land, Singapore is prioritizing urban agriculture. The government's '30 by 30' initiative aims to produce 30% of the nation's nutritional needs locally by 2030, with Controlled Environment Agriculture market playing a crucial role.​

United States: The US is witnessing significant investments in Controlled Environment Agriculture market, with companies like AeroFarms and Plenty constructing large-scale vertical farms. These efforts aim to supply fresh produce to urban centers while reducing transportation emissions.​

Europe: European countries are embracing Controlled Environment Agriculture market to meet sustainability goals. The UK, for instance, is supporting innovations such as vertical farming to reduce carbon emissions and water usage, aligning with its net-zero targets. ​

Controlled Environment Agriculture Market Conclusion

Controlled Environment Agriculture represents a transformative shift in food production, offering sustainable solutions to global challenges. As countries invest in and adopt these technologies, Controlled Environment Agriculture market is poised to play a pivotal role in ensuring food security and environmental sustainability worldwide.​

Controlled Environment Agriculture Market Segmentation

by Crop

Leafy Greens
Tomato
Strawberries
Cucumber
Others

by Growing Methods

Hydroponics
Aquaponics
Aeroponics
Others

To Gain More Insights into the Market Analysis, Browse Summary of the Research Report : https://www.maximizemarketresearch.com/market-report/controlled-environment-agriculture-market/147449/

Some of the current players in the Controlled Environment Agriculture Market are:

1. AeroFarms - USA
2. Gotham Greens - USA
3. Plenty (BrightFarms) - USA
4. Lufa Farms - Canada
5. IDEA Protected Horticulture - Netherlands
6. Green Sense Farms - USA
7. Metro Farms - USA
8. Mirai - Japan
9. Sky Greens - Singapore
10. Greenland - China
11. Scafil - Japan
12. Jingpeng - China
13. Metropolis Farms - USA
14. Garden Fresh Farms - USA
15. Infinite Harvest - USA
16. Spread - Japan
17. Agricool - France
18. Kalera - USA
19. Infarm - Germany
20. Oishii - USA

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About Maximize Market Research:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

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