The greenhouse horticulture market is estimated to occupy a large revenue by growing at a CAGR of ~9% during the forecast period, i.e., 2022 – 2030, owing to the escalating need for extending crop season across the globe, increasing population and high demand for horticultural products from urban centers. Apart from these, government initiatives to use sustainable techniques for cultivation are also expected to drive market growth.
Research Nester published a report titled “Greenhouse Horticulture Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global green house horticulture market in terms of market segmentation by product, covering type, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global greenhouse horticulture market is segmented by product, covering type and application. Based on covering type, the segment for glass is anticipated to grab the largest market share during the forecast period on the back of its capability to absorb higher wavelengths than other materials. Additionally, the segment for plastic covering is projected to witness the highest growth over the forecast period ascribing to the increased protection from hail and snow provided by plastic.
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Geographically, the market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Europe region is evaluated to grab the largest share in the market during the forecast period attributing to the presence of favorable weather conditions promoting the adoption of greenhouse horticulture in the region. Moreover, the market in North America is assessed to grow by the highest rate in the future owing to the growing demand for protected crop cultivation in the region.
Increasing Demand to Extend Crop Season to Drive Market Growth
As the population of the world is increasing at a rapid pace, the demand to consume seasonal and non-seasonal crops is also rising. This is giving boost to the adoption of protected cultivation techniques such as greenhouse horticulture. Furthermore, depending upon the type of greenhouse, the yield can increase up to 10-12 times more. These are the factors expected to expand market in the future.
However, absence of cold storage facilities in developing nations is expected to operate as key restraint to the growth of the greenhouse horticulture market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global greenhouse horticulture market which includes company profiling of Batenburg Techniek NV, RICHEL Group, Ridder Climate Screens B.V., Rough Brothers, Inc., Trinog-xs (Xiamen) Greenhouse Tech Co., Ltd., Dalsem, Harnois Industries, Priva Holding B.V., Certhon Build B.V., Ceres Greenhouse Solutions, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the greenhouse horticulture market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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