Greenhouse Horticulture Market Trends 2023 Industry Demand, Revenue Growth and Competitive Analysis Forecast to 2028

The latest research study "Greenhouse Horticulture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" by IMARC Group offers a comprehensive analysis of the industry, which comprises insights on the investment casting industry

Is the global greenhouse horticulture market good for investment or future trends?

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.

What is greenhouse horticulture?

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 weatherconditions in an efficient manner. Some of the crops that are widely grown in greenhouses include tomato, cucumber, strawberry and lettuce.

Impact of Covid-19: 

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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What is the drivers of change in trends for the global greenhouse horticulture market:

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. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of 9.6% during 2023-2028.

Moreover, the widespread integration of robotic scouting systems and protected crop cultivation solutions with these agricultural practices is creating a positive outlook for the market. 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. They are also equipped with machine learning (ML)solutions that assist in collecting required data in an organized manner.

Global Greenhouse Horticulture Market 2023-2028 Analysis and Segmentation:

Our report has categorized the market based on region, material type, crop type and technology.

Breakup by Material Type:

Glass
Plastic

Breakup by Crop Type:

Fruits and Vegetables
Flowers and Ornamentals
Nursery Crops
Others

Breakup by Technology:

Heating System
Cooling System
Others

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.
Certhon
Dalsem
Industries Harnois Inc.
Heliospectra AB
Hort Americas
Keder Greenhouse
Logiqs BV
Lumigrow
Netafim Ltd. (Orbia)
Priva Holding BV
Richel Group
Ridder Holding Harderwijk BV
Rough Brothers Inc.
Top Greenhouses Ltd.
Van der Hoeven Horticultural Projects BV

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Frequently Asked Questions (FAQs):

1: How big is the greenhouse horticulture industry?

Answer: 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.

2: What is the estimated growth scenario for the greenhouse horticulture market by 2028?

Answer: The greenhouse horticulture market is expected to reach a value of US$ 43.85 Billion by 2028

3: What is the key factor contributing to the growth of the greenhouse horticulture market?

Answer: The greenhouse horticulture market is primarily driven by Agra Tech Inc., Argus Control System Ltd., Certhon Build B.V., Dalsem Greenhouse Projects BV, Les Industries Harnois Inc., Heliospectra AB, Hort Americas, LLC,Keder Greenhouse Ltd., Logiqs BV, Lumigrow, Inc., Netafim Ltd., Priva Holding BV, Richel Group, Ridder Holding Harderwijk BV, Rough Brothers Inc., Top Greenhouses Ltd. and Van der Hoeven Horticultural Projects BV.

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