Greenhouse Market, 33% of Growth to Originate from North America, Technavio

NEW YORK, May 22, 2024 /PRNewswire/ -- The global greenhouse market size is estimated to grow by USD 21.89 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of over 9.65% during the forecast period.

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Region Outlook

1. North America
2. Europe
3. APAC
4. South America
5. Middle East and Africa

1. North America - The North American market is set for growth, driven by a rising demand for sustainable farming practices. Consumers are increasingly mindful of environmental impacts, favoring pesticide-free, locally sourced produce. Greenhouses offer a solution, enabling chemical-free cultivation. Urban farming is gaining traction amid land scarcity, with greenhouses employing vertical farming techniques to optimize space. These trends are expected to fuel market expansion in the region.

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Segmentation Overview

1. Type 
• 1.1 Commercial greenhouses
• 1.2 Non-commercial greenhouses
2. Product 
• 2.1 Plastic greenhouse
• 2.2 Glass greenhouse
3. Geography 
• 3.1 North America
• 3.2 Europe
• 3.3 APAC
• 3.4 South America
• 3.5 Middle East and Africa

1.1 Fastest growing segment: The commercial greenhouses sector is set for significant growth in the forecast period. These structures are vital for large-scale agriculture, offering controlled environments for optimal crop growth year-round. Equipped with advanced tech like drip irrigation and climate control, they boost productivity and yield. Integration of AI and automation further enhances efficiency.

Technological advancements and eco-friendly practices are key drivers. With precise control over factors like temperature and light, these greenhouses extend growing seasons and maintain consistent crop quality. Expect continued expansion fueled by innovation and sustainable practices in the commercial agriculture and horticulture industries.

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Research Analysis

The greenhouse market is experiencing significant growth due to urbanization and the rising population's increasing demand for food. With the limited arable land available, the use of greenhouses for increased production has become essential. Greenhouses employ climate control systems, such as heating, cooling, and lighting, to optimize growing conditions. Export subsidies, tariffs, and direct payments have played a role in the market's expansion.

Hydroponics and aquaponics are modern cultivation methods used in greenhouses to make the most of limited space. However, the initial investment and high maintenance costs can be a challenge for low-income farmers. Profitable crops like tomatoes, medicinal herbs, and certain fruits are commonly grown in greenhouses. Greenhouses come in various materials, including glass and plastic, with polyethylene, polycarbonate, and polymethylmethacrylate being popular choices for their durability and cost-effectiveness.

Market Overview

The Greenhouse Market refers to the global trade of products and services related to greenhouse agriculture. This market encompasses various components such as greenhouse structures, heating systems, cooling systems, lighting systems, and automation systems. The primary objective of greenhouse farming is to extend the growing season and protect crops from harsh environmental conditions.

The market is driven by factors such as increasing demand for locally grown produce, urbanization, and technological advancements in greenhouse farming. Additionally, the market is witnessing a shift towards sustainable and efficient farming practices, leading to the adoption of advanced greenhouse systems. Overall, the Greenhouse Market is a significant contributor to the agricultural sector, providing farmers with the ability to produce crops year-round and maintain optimal growing conditions.

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Key Topics Covered:

 1 Executive Summary
 2 Market Landscape
 3 Market Sizing
 4 Historic Market Size
 5 Five Forces Analysis
 6 Market Segmentation
 7 Customer Landscape
 8 Geographic Landscape
 9 Drivers, Challenges, and Trends
10 Venodr Landscape
11 Vendor Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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