Global Greenhouse Horticulture Market

Greenhouse Horticulture is the means of producing crops in an organized shelter to deliver customized provisions for growing crops. A greenhouse is built using transparent materials such as glass, plastic, and other materials like polyvinyl chloride, polycarbonate rigid plastic acrylic, and more. Commercial companies typically have bigger greenhouses for horticulture purposes. Greenhouses help them to protect crops from insect pests, diseases and also facilitates maintaining desirable and favorable weather conditions. Contrasted to conventional crop production techniques, greenhouse horticultural production offers a variety of benefits such as efficient use of productive resources, improve crop quality, etc., thus enabling the production of healthier crops, which is expected to drive market growth around the world. However, the threat of COVID-19 continues to impact the global economy, and the controlled-environment greenhouse industry is no exception. With the widespread COVID-19 crisis, the industry is facing the problems of reduced production and supply disruptions. Therefore, it is crucial for greenhouse owners to invest time and resources toward developing innovative greenhouse technology for stimulating crops production in near future. Further, rising production of horticultural crops, increasing food demand, and growing government funding in support of the adoption of greenhouses are the few factors responsible for the high CAGR of the market over the forecast period. For instance, according to the survey of the Ministry of Agriculture & Farmers Welfare conducted in India as of 2017, it is estimated that the production unit of horticulture crops is 286188 (‘000 MT) in 2015-16 and is expected to reach approximately 295164 (‘000 MT) in 2016-17. This, in turn, is expected to accelerate the demand for Greenhouse Horticulture around the world. Whereas, high soluble salts in agricultural water and shortage of cold storage facilities are few other factors limiting the market growth over the forecast period of 2020-2027.

Global Greenhouse Horticulture Market is valued at approximately USD 30 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 9% over the forecast period 2020-2027 and is estimated to reach USD 59.8 billion by 2027.

The regional analysis of the global Greenhouse Horticulture market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to the high adoption of greenhouse for the horticulture crop production, followed by the unfavorable weather conditions in the region. Whereas, Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027, due to the rising adoption of greenhouse farming techniques and growing demand for food due to rising population in the countries such as China and India.

Major market players included in this report are Richel Group, Hoogendoorn Growth Management BV, Dalsem Horticultural Projects B.V., HortiMaX B.V., Harnois Greenhouses, PRIVA B.V., Ceres Greenhouse Solutions, Certhon, Van der Hoeven, and ORITECH Solutions

The detailed segments and sub-segment of the market are explained below:

By Covering Material: Glass Greenhouse, Plastic Greenhouse, Others

By Application: Vegetables, Fruits, Ornamental, Others

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Bizwit Research & Consulting LLP