Greenhouse Horticulture Market Forecasts to 2028 – Global Analysis By Type (Glass Greenhouse, Plastic Greenhouse and Other Types), Crop Type, Technology, Application and By Geography

Greenhouse Horticulture Market Forecasts to 2028 – Global Analysis By Type (Glass Greenhouse, Plastic Greenhouse and Other Types), Crop Type, Technology, Application and By Geography

According to Stratistics MRC, the Global Greenhouse Horticulture Market is accounted for $35.4 billion in 2022 and is expected to reach $62.1 billion by 2028 growing at a CAGR of 9.8% during the forecast period. A technique of agriculture known as greenhouse horticulture helps produce crops inside of a clear structure to give plants a certain growth environment. To effectively provide adjusted growing conditions and safeguard plants against pests, illnesses, and unfavourable weather conditions, it depends on substantial inputs from the producers. By supplying the particular climatic conditions needed for producing high-quality crops in large quantities, it also makes it possible to produce off-season crops throughout the entire year.

According to the United Nations Food and Agricultural Organization (FAO), food and feed manufacturing will have to boost by 70% by 2050 to fulfill the world's food requirements. Thus, these aforementioned aspects will aid in the supremacy of this segment.

Market Dynamics:

Driver:

Increasing adoption of sustainable horticulture

The growing adoption of sustainable horticulture practises, as well as technical improvements in the sectors, is trends that could open up new markets for the market. Additionally, LED-based agritech solutions can be remotely adjusted or can collect data by using machine learning algorithms, which results in a longer operational life. Internet of Things (IoT)-enabled lighting solutions are among the factors propelling the market's expansion.

Restraint:

Growing environmental concern

Governments all around the world are working on various projects to improve greenhouse horticulture, which is piqueing consumer interest. The continual improvements in CO2 extraction for greenhouses will open up a variety of development prospects throughout this time. However, market expansion is expected to be accelerated by both the population growth and the ensuing rise in demand for food products.

Opportunity:

Rising implementation of favorable government policies

Governments all throughout the world are pursuing various initiatives to enhance greenhouse horticulture, hence increasing market interest. While this is going on, various development opportunities will become available due to the ongoing advancements in CO2 extraction for greenhouses. However, it is anticipated that both the population growth and the resulting increase in the demand for food products will accelerate market expansion.

Threat:

High operating expenses

The market for greenhouse horticulture may be constrained by the high operating costs related to the production of greenhouse crops. One of the primary challenges that may have a negative effect on the market is the high operational cost of greenhouse horticulture due to the high upkeep required to keep plants in greenhouse condition coupled with rigorous governmental requirements.

Covid-19 Impact

The worldwide greenhouse horticulture market is expected to grow slowly as a result of the COVID-19 pandemic. This weak growth is a result of supply chain disruptions, harvesting activities, and a lack of migrant labour. Furthermore, the government has issued strict lockdown regulations that exempt farm operations and supply chains. Trucking and shipping services are becoming increasingly necessary. As a result, it is expected that demand for greenhouse horticulture would also increase globally.

The fruits & vegetables segment is expected to be the largest during the forecast period

The fruits & vegetables segment is estimated to have a lucrative growth, due to it keeps the environment stable by keeping the temperature constant and safeguarding the crops from excessive cold. Fruits and vegetables are frequently grown in greenhouse horticulture because it shields the crops from strong winds and rodents while maintaining a temperature that is ideal for plant growth. Off-season crops can also be grown by farmers and gardeners to help produce high-demand and high-value goods.

The plastic segment is expected to have the highest CAGR during the forecast period

The plastic segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the growing adoption of plastic greenhouse horticulture, as it is convenient and helps maintain the right temperature. Greenhouses made of plastic are practical, keep the ideal temperature for plant growth, and offer considerably greater insulation for the plants. Plastic films are less expensive and more durable than glass films, which are pricey and brittle, and are therefore expected to grow in popularity in this market.

Region with Largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to strong economic growth. The global greenhouse horticulture industry will benefit from the growing acceptance of innovative farming techniques to protect the plants from biotic and abiotic stress. Due to the lack of available farmland, developing nations are focusing on advanced agricultural techniques including precision farming, indoor horticulture, and greenhouse farming.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to climatic conditions. Through environmentally friendly ecosystems, a healthier population, and sustainable food production, horticulture significantly contributes to regional growth. The focus of research and development is therefore on more environmentally friendly and economically advantageous production methods that will provide consumers with hygienic, reliable, high-quality product offers.

Key players in the market

Some of the key players profiled in the Greenhouse Horticulture Market include Argus Control System Ltd., Priva Holding BV, Richel Group, Agra Tech Inc., Certhon, Van der Hoeven Horticultural Projects BV., Netafim, Luiten Greenhouses, Sotrafa, Rough Brothers, Inc., Poly-Tex, Inc., Dalsem, Europrogress and Heliospectra AB.

Key Developments:

In October 2022, Horticoop and StartLife collaborated to increase their investments in scale-ups and start-ups in the horticulture industry that utilize emerging technologies. The company intends to collaborate with StartLife to tap into the creative potential of entrepreneurs who are developing applications for advanced technologies in the horticulture industry.

In December 2020, Horticoop Acquires 100% Of Smartcoat Shares. Horticoop BV is set to take over the remaining 20% interest in Smartcoat owned by the French business Finoxa BV by the end of 2020. This will mean that the manufacturer of shading products will be fully controlled by Horticoop BV.

Types Covered:
• Glass Greenhouse
• Plastic Greenhouse
• Other Types

Crop Types Covered:
• Fruits and Vegetables
• Nursery Crops
• Flowers and Ornamentals
• Other Crop Types

Technologies Covered:
• Cooling System
• Heating System
• Other Technologies

Applications Covered:
• Ornamentals
• Edibles
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements