High End Greenhouse Market Forecasts to 2028 – Global Analysis By Crop Type (Vegetables, Fruits, Floriculture), Covering Material (Glass, Plastic, Solid Brush Cleaners), and By Geography

High End Greenhouse Market Forecasts to 2028 – Global Analysis By Crop Type (Vegetables, Fruits, Floriculture), Covering Material (Glass, Plastic, Solid Brush Cleaners), and By Geography

According to Stratistics MRC, the Global High End Greenhouse Market is accounted for $1.56 billion in 2021 and is expected to reach $3.34 billion by 2028 growing at a CAGR of 11.5% during the forecast period. The high-End greenhouse is a farming technique, which helps users to monitor and control the growth condition of the plant and to optimize the growing process of the plants. Additionally, the major goal of high-end greenhouse is to implement a system that will allow the user to remotely monitor all conditions required for the growth of the crops. It provides different benefits such as maintaining a micro-climate environment for the crops, optimizing the yielding process, and minimizing manual intervention.

Market Dynamics:

Driver:

Growing demand for agricultural food products

Rising food demand due to increasing population levels serves as one of the major drivers for the high-end greenhouse. According to statistics from the World Health Organization, the global population grew faster. Such growth in the population is expected to drive the demand for agricultural food products. In addition to the growing population, economic development in emerging economies will further drive the demand for agricultural products. For instance, in 2020, the World Bank announced that the Tanzanian economy moved from a low-income economy to a lower middle-income economy. Such factors are expected to drive the demand for agricultural products and subsequently drive the demand for the high-end greenhouse, as an increasing number of farmers are focusing on the use of modern technology to increase the harvest. Besides, a greenhouse allows farmers to grow a range of crops throughout the year, even during the winter season when the intensity of sunlight received is low.

Restraint:

High Cost

As Greenhouse trap sunlight to provide crops with a longer growing period. Plastic films used in the greenhouse can lead to excessive heating of the greenhouse during the summer season (if temperature levels exceed the healthy levels and proper ventilation systems are not in place to control the temperature). Glass windows are the most effective material used for maintaining heat in a greenhouse and also allow the greenhouse to be ventilated when required. However, these are much costlier than plastic film alternatives. Even though glass has a longer life in the greenhouse than its alternatives, its material and installation costs are much higher in comparison to its alternatives. The high initial investment required to set up a high end greenhouse is expected to hamper the market growth.

Opportunity:

Increasing Demand for Organic Products Globally

The increasing demand for organic and localized agricultural products is expected to drive demand for high-end greenhouses. Locally produced vegetables and fruits spend the least period between harvest and consumption, and this substantially keeps the nutritional value of the product intact. Furthermore, locally produced food also reduces the transportation cost, product cost, and also supports the local economy. According to data from the World Association of Chefs Society, locally produced organic products also tend to taste better than products imported from other regions.

Threat:

Shortage of Land in Agriculture Industry

Shortage of land for agriculture leads to a decrease in productivity of crops and that impact on disturbance in the food supply chain is one of the biggest threats for this market. Shrinkage of land and greenhouse emission is aiding the threat called global warming. According to the Government of Canada, 10% of Canada's greenhouse gas emissions are from crop and livestock production, excluding emissions from the use of fossil fuels or fertilizer production, and are increasing the growth of the North America Greenhouse Produce Market.

The peppers greenhouse segment is expected to be the largest during the forecast period

The peppers segment is estimated to have a lucrative growth. This can be attributed to obtaining a higher quality yield of pepper from a small area in the greenhouse. Thus, players engaged in pepper production are constantly engaged in adopting advanced technologies. For instance, in September 2020, Red Sun Farms, a North American greenhouse grower, adopted a new lighting technology for year-round supplies of pepper at its production facility in Ontario, Canada.

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

The commercial segment is anticipated to witness the fastest CAGR growth during the forecast period. Commercial high-end greenhouses offer benefits and features such as structural rust-free aluminum frames and trussing provides the strength required for any application. An environmental control systems such as motorized ridge and side venting is available, maintenance-free just clean and disinfect once a year, and the greenhouse is prefabricated to your exact specifications. Commercial greenhouses provide highly regulated and healthy habitats, usually for customers, for the cultivation of plants such as flowers, vegetables, berries, and transplants.

Region with highest share:

Asia Pacific is projected to hold the highest market share during the forecast period, due to the factor such as, the rising population and demand for food in developing provinces such as Asia-Pacific are increasing the growth of the commercial greenhouse market. The upstream players such as the raw material suppliers of the commercial greenhouse and the downstream shareholders such as the manufacturers and end-user industries of the commercial greenhouse products influence the commercial greenhouse. Air temperature, relative humidity and vapor pressure deficit are maintained carefully in the greenhouse by the heating and cooling systems motivates the growth of market in this region.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to the demand for high quality food product is increasing as greenhouse production produce high quality food product all year around with efficient use of fertilizer, water, chemical and labor are increasing the growth of the North America Greenhouse Produce Market. Increasing population rapidly leads to rise in food demand. According to the United States population division, global population has increased nearly fourfold in the past years. Growing demand for high quality food and shortage of land in agriculture industry is the major factor driving the growth of this market. Furthermore, greenhouse provide higher yield than traditional methods is set to further enhance the overall market demand for North America Market.

Key players in the market:

Some of the key players profiled in the High End Greenhouse Market include Atlas Manufacturing Inc, Conley's Greenhouse, DutchHigh End Greenhouses, Green Tek, Ludy Greenhouse Manufacturing Corporation, Nexus, Palram India, Rough Brothers, Stuppy Inc, Texas Greenhouse Company, Netafim.

Key developments:

In March 2022: Netafim has acquired Netafim acquired Gakon, a Dutch-based greenhouse company. The acquisition will help Netafim to meet growing demand for local food production in all climates.

In July 2018: Stuppy Greenhouse, which provides greenhouse design, manufacturing and construction for horticultural growers, retailers and educators, expanded its sales team to allow greater coverage of all 50 states.

In June 2020: Green-Tek announced that it is moving manufacturing from Janesville to Shopiere. Green-Tek manufactures greenhouse coverings and components.

Crop Types Covered:
• Vegetables
• Fruits
• Floriculture

Covering Materials Covered:
• Glass
• Plastic
• Solid Brush Cleaners

Products Covered:
• Tomatoes Greenhouse
• Cucumbers Greenhouse
• Peppers Greenhouse
• Eggplants Greenhouse
• Light Detection and Ranging (LiDAR) Sensor
• Infrared (IR) Sensor

Component Types Covered:
• Control Systems & Sensors
• Heating, Ventilation, and Air Conditioning (HVAC) Systems
• Light-Emitting Diode (LED) Grow Lights
• Material Handling
• Valves & Pumps
• Irrigation System

Applications Covered:
• Commercial
• Residential

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

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances