Competition in the controlled environment agriculture market is getting very fierce, and a number of leading companies set the pace for innovation and expansion. Some of the leading players are AeroFarms, Bowery Farming, Plenty, AppHarvest, Gotham Greens, and Freight Farms. These companies are scaling up operations and heavily investing in R&D to achieve optimal levels of crop yields, resource use, and overall sustainability in controlled environment settings. The competition lies in technological advances, efficient use and deployment of resources, and increased geographical presence to address local requirements.
One recent development that further reflects the move by players to gain a competitive advantage includes Kalera's announcement in June 2023 about a merger with Agrico Acquisition Corp. This merger made Kalera a publicly traded company trading under the ticker KAL. Furthermore, the deal brings increased visibility to Kalera while also providing more financial resources to take over a greater market share in the domestic CEA footprint. This strategic shift by players is an indication that they are positioning themselves to maximize the increased demand for sustainable and scalable food production systems.
Here are some leading players in the controlled environment agriculture market:
Author Credits: Nilanjana Ray
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