Controlled Environment Agriculture Market is Likely to Record Nearly 25.71% CAGR During 2023-28

Controlled Environment Agriculture (CEA) is an extremely popular concept in the present times, referring to a system of vertical farming and indoor agriculture. CEA uses advanced technologies and significant developing conditions all year round in a fully secured, protected, and controlled environment. The major factors causing the soaring popularity of the Global Controlled Environment Agriculture Market include improved yield and sustainability, averting the prospects of pests, and lowering overall operational costs. In a recent report issued by MarkNtel Advisors regarding the same stated that the Global Controlled Environment Agriculture Market is likely to grow at around 25.71% CAGR during the forecast period, i.e., 2023-28.

The principal factors likely to drive the Global Controlled Environment Agriculture Market in the forecast period include increasing demands and requirements for food, deteriorating arable land due to growing activities related to construction, and soil erosion, along with swift climate changes resulting in water crisis worldwide.

However, the report further highlights that the rising awareness amongst individuals about the importance of CEA in addressing challenges like the absence of fertile land and harsh climatic conditions are also anticipated to boost the Global Controlled Environment Agriculture Market.

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Companies Holding the Prime Share of the Global Controlled Environment Agriculture Market

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., Signify, and others, are among the significant companies in the industry.

Breaking Down the Global Controlled Environment Agriculture Market

• By Growing Method (Hydroponics, Aeroponics, and Aquaponics)
• By Crop Type (Vegetables and Fruits)
• By Component (Lighting, Sensors, and Nutrients)
• By Region (North America, South America, Europe, Middle East & Africa, and Asia-Pacific)

Hydroponics is likely to retain its dominance in the Global Controlled Environment Agriculture Market during the forecast period. Hydroponics is considered the most appropriate method and is used extensively to lower the damaging effects of pesticides on plants. Moreover, cost-efficiency, curtailed use of water, and fewer labor requirements have further boosted its demand in the market. Additionally, the Global Controlled Environment Agriculture Market is anticipated to be further boosted due to the accurate and appropriate control over nutrients, which results in hydroponically grown plants producing higher yields compared to those produced using soil-based practices.

Europe dominates the Controlled Environment Agriculture Market given the implementation of several farming practices. The Europe Controlled Agriculture Market is fueled by the implementation of numerous farming methods along with the application of CEA methods to tackle concerns such as increasing population, fast climate changes, and to meet the flourishing food demands. Moreover, the investments by AgriTech startups to intensify their product offerings in the Netherlands, Spain, Germany, and the UK are also leading to the regional market growth. Another vital aspect leading to the region’s progress is the incorporation of nanotechnology & robotics into the agriculture segment for better pest control and enhanced food packaging.

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