The Controlled Environment Agriculture (CEA) market is witnessing a constant progression during the forecast period. This is propelled by the growing demand for year-round indoor crop production, precision agriculture, and sustainable farming technologies. Valued at USD 114.17 Bn in 2024, the market is projected to reach USD 429.31 Bn by 2032, expanding at an 18.01% CAGR. This is attributable to the rising adoption of vertical farming, urban farming, smart greenhouse solutions, and advanced hydroponic systems across regions around the world.
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The above depicts the global Controlled Environment Agriculture (CEA) market size from 2024 to 2032. Rising emphasis on food security, along with the increasing localization of food production globally, is expected to drive the growth of controlled environment agriculture (CEA) technologies, including indoor and vertical farming systems, during the forecast period.
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Europe held the leading controlled environment agriculture (CEA) market share during the given timeline. The robust governmental support and subsidies in Europe are anticipated to make a significant contribution to its dominance in Controlled Environment Agriculture (CEA) and indoor farming systems. Similarly, stringent food safety and quality standards implemented in Europe are likely to support the development of CEA technologies, including vertical farming and advanced hydroponic systems.
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