Controlled Environment Agriculture Market: was valued at US$ 74.45 Bn. in 2021 and is estimated to reach a value of US$ 157.28 Bn. in 2029. The Global Controlled Environment Agriculture Market size is estimated to grow at a CAGR of 9.8% over the forecast period.
Controlled Environment Agriculture Market Overview:
The purpose of this report is to provide a thorough examination of the Controlled Environment Agriculture Market by segments and geographics. The study goes into great detail on the primary factors influencing the Controlled Environment Agriculture market’s growth. The study also offers a comprehensive analysis of the market’s value chain. Controlled-environment Agriculture (CEA) is a technology-based approach to food production. CEA aims to provide protection from the outdoor elements and maintain optimal growing conditions throughout the development of the crop. Production takes place within an enclosed growing structure such as a greenhouse or plant factory.
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Market Scope:
The “Global Controlled Environment Agriculture Market Analysis” is a detailed investigation of the Controlled Environment Agriculture market, with a focus on global market trends and analysis. The goal of this research is to provide an overview of the Controlled Environment Agriculture market as well as detailed market segmentation by application, end-use, and geography. The Controlled Environment Agriculture market is expected to develop substantially over the forecast period. The study contains critical information on the market positions of the leading Controlled Environment Agriculture players, as well as noteworthy industry trends and opportunities.
The research method used to assess and anticipate the Controlled Environment Agriculture market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segment estimation, the vendor offerings are also considered. Using the bottom-up method, the whole size of the Controlled Environment Agriculture market was calculated using the revenue of significant enterprises.
Segmentation:
by Crop Outlook
• Leafy Greens
• Tomato
• Strawberries
• Cucumber
• Cannabis
• Others
Tomatoes are the most popular crop in this market, and they also generate the most revenue—US$190.04 billion—based on both traditional and CEA farming methods. However, CEA currently accounts for 45% of this market’s revenue, and it is expected to increase over the course of the forecasted period. Due to its suitability for both indoor and outdoor use and its ability to increase yield and value, these are the drivers driving expansion. The tomato is mostly utilised in food processing and has significant exports. Due to their great demand in western countries and consistent high export requests, strawberries are also the market leader in this area.
by Growing Methods
• Hydroponics
• Aquaponics
• Aeroponics
• Others
The Controlled Environment Agriculture Market is divided into Hydroponics, Aquaponics, Aeroponics, and Others based on the growing method.
The market for hydroponics is anticipated to expand at a CAGR of 2.5% during the anticipated time frame. The popularity of the farming method is the driving force behind these categories’ growth. Each seedling is placed into a network of growing plants that is suspended within a reservoir of nutritional solution. Water is circulated and fertiliser solution is given in accordance with the predetermined timetable. This sector’s driving force is the fact that it operates with noticeably less labour.
The second market leader in these niche areas is aquaponics. The OEC predicts that this category would bring in 840 million US dollars in revenue in 2021. It is
by Components
• Lighting
• Growing Media
• Nutrients
• Others
The Controlled Environment Agriculture Market is divided into Lighting, Growing Media, Nutrients, and Others based on Components Outlook.
The market for nutrients, which currently has the majority of market share in these areas, is anticipated to expand over the projection period. The biggest revenue-generating segment and the highest crop yield on various farms are two outcomes of the growth-related aspects. The nutrients that are already present in the soil are taken out when crops develop and are harvested, and they are replaced with some new nutrients in order to sustain and boost crop output, which boosts growers’ profit margins.
Because of the features they have, the other segments, such as lighting and growing media, are anticipated to grow during the anticipated period.
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Key Players:
The major players covered in the Controlled Environment Agriculture market report are
• Aero Farms
• Gotham Greens
• Plenty (Bright Farms)
• Lufa Farms
• IDEA Protected Horticulture
• Green Sense Farms
• Metro Farms
• Mirai
• Sky Greens
• Greenland
• Scafil
• Jingpeng
• Metropolis Farms
• Garden Fresh Farms
• Infinite Harvest
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Table Of Content:
- Controlled Environment Agriculture Market: Research Methodology
- Controlled Environment Agriculture Market: Executive Summary
- Market Overview and Definitions
- Introduction to Controlled Environment Agriculture Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Controlled Environment Agriculture Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Controlled Environment Agriculture Market Segmentation
- Controlled Environment Agriculture Market, by Crop Outlook (2022-2029)
- Controlled Environment Agriculture Market, by Growing Methods (2022-2029)
- Controlled Environment Agriculture Market, by Components (2022-2029)
- Regional Controlled Environment Agriculture Market(2022-2029)
- Regional Controlled Environment Agriculture Market, by Crop Outlook (2022-2029)
- Regional Controlled Environment Agriculture Market, by Growing Methods (2022-2029)
- Regional Controlled Environment Agriculture Market, by Components (2022-2029)
- Regional Controlled Environment Agriculture Market, by Country (2022-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Regional Analysis:
Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.
COVID-19 Impact Analysis on Controlled Environment Agriculture Market:
Aerospace and defense, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 outbreak. COVID-19 has had an impact on the Controlled Environment Agriculture market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spread. Our most recent inquiry, opinions, and bits of knowledge on the market are critical to the businesses and associations in the Controlled Environment Agriculture industry,
Key Questions Answered in the Controlled Environment Agriculture Market Report are:
- Which segment grabbed the largest share in the Controlled Environment Agriculture market?
- What was the competitive scenario of the Controlled Environment Agriculture market in 2021?
- Which are the key factors responsible for the Controlled Environment Agriculture market growth?
- Which region held the maximum share in the Controlled Environment Agriculture market in 2021?
