Press Release

The Global Controlled Environment Agriculture Market Size is Projected to Growth rate of (CAGR) 25.71%

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, cities MarkNtel Advisors in a recent research report. The mounting food requirements, declining arable land due to increasing construction activities & soil erosion, coupled with rapid climate changes leading to a water crisis worldwide, are the prime aspects projected to drive the global market through 2030.

Controlled Environment Agriculture (CEA) holds immense potential to transform the global agriculture sector with more sustainable practices & profits, reduced need for pesticides, less use of water resources & land, and, in turn, year-round food availability.

Hence, the growing awareness among people about the significant role CEA plays in addressing challenges like the unavailability of fertile land & unfavorable climatic conditions is also projected to boost the global market in the coming years, further states the research report, “Global Controlled Environment Agriculture Market Analysis, 2024.”

Global Controlled Environment Agriculture Market (2024-30): Segmentation Analysis

Hydroponics Upholds the Future Potential Market Share

Based on the growing method the market is further fragmented into Hydroponics, Aquaponics, and Aeroponics. Of them all, Hydroponics accounts for a notable market share since it is one of the leading methods utilized by the majority of farmers to cheer up profitability. In Hydroponics the soil is replaced by a mineral solution, which provides nourishment to the yields, and ultimately protects from the unwanted pest attacks.  Moreover, the mounting requirements for increased flavor & sustainability in various fruits & vegetables are also contributing to the surging popularity of hydroponically-grown plants globally.

North America to Foster High Demand for Controlled Environment Agriculture

North America exhibits the largest share of the Controlled Environment Agriculture Market globally. Somehow this is due to the government intervention in promoting good infrastructure facilities, which helps in strengthening the food shortage and promoting Urbanization. Additionally, participation in technological innovation, tremendous investment, and supportive surroundings benefit the regional market growth.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including 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 are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the Global Controlled Environment Agriculture?
3. What key factors would propel and impede the industry across the region?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping across various regions?
6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?