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Greenhouse Horticulture Market Report 2024 - Market Size, Growth Rate, Major Drivers And Key Trends | Signify Co. Ltd., Europrogress Group, Rough Brothers Inc., Priva Holding BV, Netafim Ltd
Greenhouse Horticulture Global Market Report 2024
The Business Research Company offers in-depth market insights through Greenhouse Horticulture Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The greenhouse horticulture market size has grown rapidly in recent years. It will grow from $29.64 billion in 2023 to $32.88 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to population growth and food demand, climate variability, shift toward sustainable agriculture, urbanization and land scarcity, globalization of food supply chains.
The greenhouse horticulture market size is expected to see rapid growth in the next few years. It will grow to $48.67 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to growing awareness of food security, demand for locally grown produce, climate change mitigation strategies, government support and incentives, consumer demand for organic and specialty crops. Major trends in the forecast period include technological innovations in crop management, advancements in greenhouse technology, focus on sustainable materials, specialized greenhouse designs, smart greenhouses.
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Market Segmentation:
The greenhouse horticulture market covered in this report is segmented -
1) By Crop Type: Fruits And Vegetables, Nursery Crops, Flowers And Ornamentals, Other Crop Types
2) By Type: Plastic Greenhouse, Glass Greenhouse
3) By Product: Grow Bags, Greenhouse Films, Wind Break And Shelter Nets, Horticulture Twines, Other Products
4) By Technology: Heating System, Cooling System, Other Technologies
Major Driver - Surge In Global Food Demand To Drive Market Growth
High demand for food is expected to propel the growth of the greenhouse horticulture market going forward. High demand for food refers to a situation where the population's need for food exceeds the available supply. Greenhouse horticulture offers a suitable microclimate for plants and makes growth of fruit in possible in less time. For instance, in July 2021, according to the Nature Portfolio, a Germany-based scientific publishing company, between 2010 and 2050, the global food demand is projected to rise from 35% to 56%. Therefore, the high demand for food is driving the growth of the greenhouse horticulture market.
Competitive Landscape:
Major companies operating in the greenhouse horticulture market report are Signify Co. Ltd., Europrogress Group, Rough Brothers Inc., Priva Holding BV, Netafim Ltd., Richel Group SA, Nexus Corporation, Atlas Manufacturing Inc., Dalsem B.V., Certhon Co., Hoogendoorn Growth Management, GGS Structures Inc., Argus Control Systems Limited, Cravo Equipment Ltd., AB Ludvig Svensson, Van der Hoeven Horticultural Projects BV, Poly-Tex Inc., Ammerlaan Construction B.V., Luiten Greenhouses BV, Ridder Drive Systems B.V., CropKing Inc., Mardenkro B.V., Kubo Group Ltd., Logiqs B.V., Hort Americas LLC, Ceres Greenhouse Solutions LLC, Agra Tech Inc., Heliospectra AB, Argosee Greenhouse Technology Pty Ltd, Greentech Industries India Private Limited
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Top Trend - Product Innovations Transforming The Greenhouse Horticulture Market
Product innovations are a key trend gaining popularity in the greenhouse horticulture market. Companies operating in the greenhouse horticulture market are working on innovations to sustain their position in the market. For instance, in February 2023, Heliospectra, a Sweden-based provider of intelligent LED grow lights for greenhouses, launched MITRA Flex, a wirelessly controllable flexible far-red light with three spectra in one. The adaptable far-red makes it ideal for individualized and application-based growing, including end-of-day or end-of-production light treatments to guarantee a healthy crop year-round in low-light seasons.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Greenhouse Horticulture Market Characteristics
3. Greenhouse Horticulture Market Trends And Strategies
4. Greenhouse Horticulture Market - Macro Economic Scenario
5. Greenhouse Horticulture Market Size And Growth
…..
27. Greenhouse Horticulture Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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