The Greenhouse Horticulture Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Greenhouse Horticulture Global Market Report 2024, The greenhouse horticulture market size has grown rapidly in recent years. It will grow from $29.64 billion in 2023 to $32.88 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to population growth and food demand, climate variability, shift toward sustainable agriculture, urbanization and land scarcity, globalization of food supply chains
The greenhouse horticulture market size is expected to see rapid growth in the next few years. It will grow to $48.67 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to growing awareness of food security, demand for locally grown produce, climate change mitigation strategies, government support and incentives, consumer demand for organic and specialty crops. Major trends in the forecast period include technological innovations in crop management, advancements in greenhouse technology, focus on sustainable materials, specialized greenhouse designs, smart greenhouses
High demand for food is expected to propel the growth of the greenhouse horticulture market going forward. High demand for food refers to a situation where the population’s need for food exceeds the available supply. Greenhouse horticulture offers a suitable microclimate for plants and makes growth of fruit in possible in less time. For instance, in July 2021, according to the Nature Portfolio, a Germany-based scientific publishing company, between 2010 and 2050, the global food demand is projected to rise from 35% to 56%. Therefore, the high demand for food is driving the growth of the greenhouse horticulture market.
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The greenhouse horticulture market covered in this report is segmented –
1) By Crop Type: Fruits And Vegetables, Nursery Crops, Flowers And Ornamentals, Other Crop Types
2) By Type: Plastic Greenhouse, Glass Greenhouse
3) By Product: Grow Bags, Greenhouse Films, Wind Break And Shelter Nets, Horticulture Twines, Other Products
4) By Technology: Heating System, Cooling System, Other Technologies
Product innovations are a key trend gaining popularity in the greenhouse horticulture market. Companies operating in the greenhouse horticulture market are working on innovations to sustain their position in the market. For instance, in February 2023, Heliospectra, a Sweden-based provider of intelligent LED grow lights for greenhouses, launched MITRA Flex, a wirelessly controllable flexible far-red light with three spectra in one. The adaptable far-red makes it ideal for individualized and application-based growing, including end-of-day or end-of-production light treatments to guarantee a healthy crop year-round in low-light seasons.
The greenhouse horticulture market report table of contents includes:
1. Executive Summary
2. Greenhouse Horticulture Market Characteristics
3. Greenhouse Horticulture Market Trends And Strategies
4. Greenhouse Horticulture Market – Macro Economic Scenario
5. Global Greenhouse Horticulture Market Size and Growth
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26. South America Greenhouse Horticulture Market
27. Brazil Greenhouse Horticulture Market
28. Middle East Greenhouse Horticulture Market
29. Africa Greenhouse Horticulture Market
30. Greenhouse Horticulture Market Competitive Landscape And Company Profiles
Top Major Players:
- Signify Co. Ltd
- Europrogress Group
- Rough Brothers Inc
- Priva Holding BV
- Netafim Ltd
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