Global Smart Greenhouse Market to Present Extensive Growth Opportunities as Organic Food's Demand Increases

According to the estimations put forth by Inkwood Research, the Global Smart Greenhouse Market is predicted to register a CAGR of 8.40% in terms of revenue during the forecasting years of 2021-2028.

"Browse 45 Market Data Tables and 42 Figures spread over 112 Pages, along with an in-depth TOC on the Global Smart Greenhouse Market Forecast 2021-2028."

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Smart greenhouses are characterized by an agricultural revolution, creating a self-regulating and microclimate fit for plant growth by using actuators, sensors, and controlling and monitoring systems. As a result, this optimizes the growth conditions and automates the growing process.

Market Growth Propelled by Increased Demand for Organic Food

Organic food entails products acquired through a farming system that does not use synthetic pesticides, fertilizers, and growth regulators. Presently, the population across the globe has become highly aware of the source of food they consume, daily. Hence, this leads to an increased demand for organic food production. In this regard, the sale of organic food in North America has observed substantial growth over recent years. Moreover, the myriad of advantages offered by organic food, including, zero growth hormones and antibiotics, lesser use of pesticides, improved environmental stability, nutrient richness, and an enhanced food freshness level, increase the popularity of organic produce, among end-users.

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Non-Hydroponic is the Fastest-Growing Type

Non-hydroponic is a powerful and unique technique through which crops and plants are cultivated using only an initial application of nutrients and water. This method utilizes mist, mixed with essential nutrients, oxygen, and water, and encourages plant growth by nourishing their root structures in the air.

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Asia Pacific is set to be the Leading Region by 2028

The diminishing agricultural areas, the extreme weather conditions in regions, such as South Korea, and the surging demand for food, are among the key factors fueling the growth of the smart greenhouse market in the Asia Pacific. In addition, several government initiatives introduced in developing regions, to increase smart greenhouse projects, are projected to bolster the market growth.

The rising prevalence of vertical farming across emerging nations also plays an essential role. For instance, vertical farming is a definite solution to severe problems in Indian agriculture, like, the lack of supply or oversupply of farm produce, the overuse of fertilizers and pesticides, the deteriorating soil mass, and unemployability. However, challenges like the acceptance of vertical farming by the farming community in India, may inhibit the growth. Hence, these factors are set to influence the market growth in the Asia Pacific, over the forecast period.

The existence of several large-scale vendors and startups increases the industrial rivalry within the global smart greenhouse market. Some of the key players operating in the market include, GreenTech Agro LLC, Hort Americas, Lumigrow Inc, Netafim, Argus Controls, Heliospectra AB, etc.

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