Press release
Emerging Trends to Drive Greenhouse Horticulture Market Growth at 11.2% CAGR Through 2029
Greenhouse Horticulture
Greenhouse Horticulture Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a swift expansion in the greenhouse horticulture market size. It is projected to escalate from $32.62 billion in 2024 to $36.08 billion in 2025, with a compound annual growth rate (CAGR) of 10.6%. Factors contributing to this growth during the historic period include increased population and food demand, varying climates, a shift towards sustainable farming practices, urban growth leading to limited land availability, and the globalization of food supply chains.
How Will the Greenhouse Horticulture Market Size Evolve and Grow by 2029?
The anticipated surge in the size of the greenhouse horticulture market over the coming years suggests a growth to $55.21 billion in 2029, maintaining a compound annual growth rate (CAGR) of 11.2%. The expansion during the forecast period is linked to rising consciousness around food security, interest in locally sourced products, climate change resiliency efforts, governmental backing, as well as customer claims for organic and specific crops. Significant trends in the forecast time saw advances in crop control technology, enhancement in greenhouse technology, emphasis on renewable resources, customized greenhouse blueprints, and intelligent greenhouses.
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What Drivers Are Propelling the Growth of Greenhouse Horticulture Market Forward?
The anticipated surge in food demand is set to fuel the expansion of the greenhouse horticulture market. The term 'high food demand' depicts a scenario where the population's requirement for food outpaces the current provisions. Greenhouse horticulture, which provides an ideal microclimate for plant cultivation, enables fruit growth in a shorter duration. As per the Economic Research Service, a governmental agency of the United States Department of Agriculture, a projection was made in October 2024 that global food demand is likely to increase at a rate of 2.8 percent annually over the succeeding decade. Consequently, this elevated food demand is stimulating the progression of the greenhouse horticulture market.
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What Are the Key Trends Driving Greenhouse Horticulture Market Growth?
Product enhancements are a leading trend gathering traction in the greenhouse horticulture market. Firms active in this specific market are focusing on innovative creations to maintain their standing. For example, in February 2023, Heliospectra, a company from Sweden that provides smart LED grow lights for greenhouses, introduced MITRA Flex, a wirelessly adjustable far-red light that incorporates three spectra in one. This versatile far-red is perfectly suited for personalized and application-focused cultivation, such as end-of-day or end-of-production light therapies to ensure a lush crop throughout the year even in seasons of low light.
What Are the Key Segments in the Greenhouse Horticulture Market?
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
Subsegments:
1) By Fruits And Vegetables: Tomatoes, Cucumbers, Peppers, Lettuce, Berries
2) By Nursery Crops: Trees, Shrubs, Bedding Plants, Perennials
3) By Flowers And Ornamentals: Cut Flowers, Potted Plants, Hanging Baskets, Foliage Plants
4) By Other Crop Types: Herbs, Medicinal Plants, Specialty Crops
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Who Are the Key Players Shaping the Greenhouse Horticulture Market's Competitive Landscape?
Major companies operating in the greenhouse horticulture market include 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
What Geographic Markets Are Powering Growth in the Greenhouse Horticulture Market?
Europe was the largest region in the greenhouse horticulture market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the greenhouse horticulture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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