According to the recent report by IMARC Group, titled “Greenhouse Horticulture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028, offers a comprehensive analysis of the industry, which comprises insights on the global greenhouse horticulture market size.”The global greenhouse horticulture market size reached US$ 28.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 48.3 Billion by 2028, exhibiting a growth rate (CAGR) of 9.2% during 2023-2028.
Greenhouse horticulture Industry Definition and Application:
Greenhouse horticulture refers to an agricultural system that assists in the production of crops within a transparent structure to offer a customized growth environment to the plants.The usage of a greenhouse assists in regulating numerous environmental parameters, such as temperature, light, humidity, and carbon dioxide (CO2) emissions.It also involves the need for high inputs of the growers to provide modified growing conditions and protect plants from pests, diseases and adverse weather conditions in an efficient manner. Some of the crops that are widely grown in greenhouses include tomato, cucumber, strawberry and lettuce.
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Greenhouse Horticulture Market Trends:
The global market is majorly driven by considerable growth in the agricultural sector. The growing preferences for shifting farming practices and an enhanced focus on sustainable horticulture practices is providing an impetus to market growth. The market is further driven by the launch of the Internet of Things (IoT)-enabled lighting systems across the globe. Since light plays a pertinent role in the improved yield of crops, this is providing a boost to the demand for greenhouse horticulture. They are also equipped with machine learning (ML)solutions that assist in collecting required data in an organized manner. Furthermore, the growing integration of robotic scouting systems and protected crop cultivation solutions with these agricultural methods is boosting the market’s outlook.
Some of the other factors contributing to the market growth include the increasing demand for artificial intelligence (AI)-based solutions, the rising implementation of favorable government policies to promote the adoption of greenhouse horticulture and extensive research and development (R&D) activities conducted by key players to enhance the yield of the crops. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of 9.6% during 2023-2028.
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Key Market Segmentation:
Our report has categorized the market based on region, material type, crop type and technology.
Breakup by Material Type:
Breakup by Crop Type:
Fruits and Vegetables
Flowers and Ornamentals
Breakup by Technology:
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape Key Player:
Agra Tech Inc.
Argus Control System Ltd.
Industries Harnois Inc.
Netafim Ltd. (Orbia)
Priva Holding BV
Ridder Holding Harderwijk BV
Rough Brothers Inc.
Top Greenhouses Ltd.
Van der Hoeven Horticultural Projects BV
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