The Global Controlled Environment Agriculture Market is expecting around 25.71% CAGR during 2022-27, states MarkNtel Advisors in their research report. The mounting food requirements, declining arable land due to increasing construction activities & soil erosion, coupled with rapid climate changes leading to water crisis worldwide, are the prime aspects projected to drive the global market through 2027.
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, 2022.”
Mounting Demand for Hydroponically-Grown Fruits & Vegetables to Drive the Global Market
Hydroponics is the most sustainable & widely used CEA method that helps reduce the negative effects of pesticides on plants. This soilless agricultural practice involves low setup costs, less labor for its operation, and minimized water use. Since there is a proper control over nutrients, hydroponically grown plants generate higher yields than those produced using soil-based practices. These aspects are leading to the significantly increasing demand for Hydroponics methods, which project remunerative growth prospects for the global market during 2022-27.
Moreover, the mounting requirements for increased flavor & sustainability in various fruits & vegetables is also contributing to the surging popularity of hydroponically-grown plants globally. Further, unlike other CEA methods, plants grown using hydroponics can prevail for a longer time in case of a power failure since it constantly provides the required water & nutrients in a controlled manner. Hence, it is another crucial aspect attributed to the dominance of Hydroponics in the Global Controlled Environment Agriculture Market. Microgreens, leafy greens, herbs, peppers, strawberries, & tomatoes are the most popular hydroponically grown crops.
With Extensive Availability & Use of Various Farming Practices, Europe Leads the Market
Europe is witnessing an ever-increasing use of multiple farming methods. Favorable norms for the implementation of CEA methods to overcome issues like rapid climate changes and rising population & its burgeoning food requirements are driving the Controlled Environment Agriculture Market across the region.
The leading regional markets, viz., the Netherlands, Spain, Germany, & the United Kingdom, where AgriTech startups are substantially investing in expanding their product offerings, are also contributing to the regional market growth. In addition, the integration of nanotechnology & robotics into the agriculture sector for more efficient pest control and improved food packaging is another crucial aspect projected to fuel the market growth across Europe in the years to come, reveals MarkNtel Advisors in their research report, “Global Controlled Environment Agriculture Market Analysis, 2022.”
The leading players in the Global Controlled Environment Agriculture Market include Aerofarms AGX Ltd., American Hydroponics (Amhydro), Bowery Farming, BrightFarms, CropOne, Everlight Electronics Co. Ltd., Freight Farms, Inc., Fresh Box Sp. z o.o., Green Sense Environment Solution LLC., Grow Pod Solutions, LLC, Illumitex Inc., Innovation Agri-Tech Group, Nelson & Pade, Inc., Plenty Unlimited Inc., and Signify.
Key Questions Answered in the Research Report: