Global Greenhouse Market Size, Share, Growth Analysis, By Type (Plastic Greenhouse, Glass Greenhouse), By Crop Type (Fruits, Vegetables, & Herbs, Flowers & Ornamentals), By Offering (Hardware, Software), By Region -Industry Forecast 2024-2031
Report ID:
SQMIG20H2039 |
Region:
Global |
Published Date: November, 2024
Pages:
195
|Tables:
0
|Figures:
0
Greenhouse Market Insights
Global Greenhouse Market was valued at USD 25.5 Billion in 2022 and is expected to rise from USD 28.02 Billion in 2023 to USD 59.64 Billion by 2031, at a CAGR of 9.9% during the forecast period (2024–2031).
Rapidly increasing global population and emphasis on providing food for their nutrition needs are expected to create new business scope for greenhouse providers. Growing emphasis of countries and governments to improve food security amid rising issues of food supply shortages is also expected to bolster the demand for greenhouses over the coming years. Advancements in greenhouse technologies and growing awareness regarding their benefits are also expected to bolster greenhouse market growth in the future. Rising issues of climate change and increasing unpredictable weather conditions are also expected to boost the adoption of greenhouses through 2031. High demand for organic food products and exotic crops is also estimated to promote the use of greenhouses going forward. On the contrary, high initial investments, limited adoption in developing countries, and complexity in operations are expected to be key restraints for greenhouse companies in the long run.
Market Snapshot - (2024–2031)
Global Market Size
Largest Segment
Fastest Growth
Growth Rate
CAGR
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Greenhouse Market Segmental Analysis
The greenhouse market is segmented based on the type, offering, crop type, end user, and region. Based on the type, the greenhouse market is segmented into glass greenhouse and plastic greenhouse. Based on offering, the market is segmented into hardware (climate control systems, lighting systems, irrigation systems, sensors, others), software (cloud-based, web-based), and services (system integration & consulting, managed services, assisted professional services). By crop type, the market is divided into fruits, vegetables & herbs, flowers & ornamentals, and others. In terms of end user, the market is segmented into commercial growers, research and educational institutes, retail gardens, and others. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Analysis by Type
Plastic greenhouse is projected to account for a major chunk of the global greenhouse market share in the future. Cost effective nature of plastic greenhouses makes them a popular choice around the world. High durability, better light transmission, and easy extension of growing season are some other benefits of plastic greenhouses that are cementing the dominance of this segment. High adoption of plastic greenhouses in developing and underdeveloped economies is also expected to boost revenue generation for greenhouse companies focusing on this segment. Easy maintenance and repair is also a pro of plastic greenhouses that supports the high market share of this segment.
On the other hand, the demand for glass greenhouses is projected to rise at a notable pace across the forecast period and beyond. High durability and extremely long life are key benefits of glass greenhouses. Better aesthetic appearance of glass greenhouses is also expected to drive their popularity in the future. Increasing use of advanced and highly durable glass materials for the construction of glass greenhouses is also providing new opportunities for greenhouse companies focusing on this segment. However, high initial costs of glass greenhouse development and deployment are expected to hurt the share of this segment to a certain extent going forward.
Analysis by Crop Type
Fruits, vegetables & herbs are expected to account for a dominant greenhouse market share going forward. Rapidly increasing demand for nutritional food products and increasing popularity of veganism and plant-based food products are projected to help this segment bring in the most revenue of any other segment. Extended growing seasons offered by greenhouses can also help extend the production of seasonal fruits and vegetables around the world. Increasing efforts to improve self-sustainability among people around the world are also expected to generate new opportunities for greenhouse providers in the long run. Tomato and other perennial crops are projected to be preferred to be cultivated in greenhouses going forward.
On the other hand, the demand for flowers and ornamental cultivation in greenhouses is forecasted to increase at a steady pace across the study period. Better protection from pests and plant diseases and a controlled environment to maintain optimal growing conditions helps maximize the yield of flowers and ornamentals in greenhouses. Moreover, rising demand for flowers in multiple commercial applications is also expected to encourage more greenhouse farmers to invest in this segment and drive market development in the future.
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Greenhouse Market Regional Insights
Europe is projected to spearhead the global greenhouse demand outlook in the future. High emphasis on sustainability and growing adoption of sustainable farming practices are expected to aid the dominance of Europe in the global greenhouse industry. High availability of supportive government initiatives and subsidies to promote the adoption and popularity of greenhouse farming is also expected to bolster the high market share of Europe. The growing vegan population and high demand for organic food products are also expected to promote the demand for greenhouse in Europe. Germany, the United Kingdom, France, and Italy are expected to be the most opportune markets in this region.
Meanwhile, the demand for greenhouse in the Asia Pacific region is expected to rise at a notable pace across the forecast period and beyond. Growing adoption of precision agriculture practices, rising emphasis on sustainability, and growing awareness regarding benefits of greenhouse farming are expected to drive up the sales of greenhouses in this region. India, China, and Japan are estimated to emerge as the leading revenue generators for greenhouse companies operating in the Asia Pacific. Launch of subsidies and supportive government initiatives to promote the use of greenhouses is also forecasted to create new business scope for greenhouse providers.
- Largest
- Fastest
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Greenhouse Market Dynamics
Drivers
Emphasis on Food Security
- Rapid increase in global population has led to increased efforts around the world to improve food security. Greenhouses provide controlled environments for year-round cultivation, boosting crop yields and minimizing reliance on traditional farming, which helps in providing food security in uncertain climates and unfavorable growing conditions as well. This why emphasis on food security is driving the greenhouse demand outlook.
High Demand for Organic Food Products
- Increasing health consciousness among people and rising awareness regarding the ill effects of chemical use in agriculture have bolstered the demand for organic food products. Greenhouses offer a controlled setting to grow organic produce with minimal to no need for chemical or synthetic agricultural products thereby making them a mainstay in organic farming practices.
Restraints
High Initial Investments
- Setting up a greenhouse initially has some substantial infrastructure development costs involving lighting, heating, and irrigation systems. Most small-scale farmers are not capable of making such high initial investments, which in turn, is expected to slow down the adoption of greenhouses on a global level over the coming years.
Limited Adoption in Developing Countries
- Lack of proper financing and affordable credit alternatives for farmers to set up greenhouses in developing countries is projected to impede greenhouse market growth potential in the long run. Setting up proper financing alternatives for greenhouses in low to middle income countries will be crucial in overcoming the issue of limited adoption in developing countries through 2031.
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Greenhouse Market Competitive Landscape
Greenhouse companies should invest heavily in the research and development of new technologies that enhance the efficiency and output of greenhouses. Creating awareness regarding benefits of greenhouses and collaborating with governments to provide funding are also expected to be key strategies for market players. Asia Pacific region is estimated to provide highly rewarding opportunities for greenhouse providers in the long run.
Top Player’s Company Profiles
- Sotrafa
- Berry Global
- NETAFIM
- Certhon
- Richel Group SA
- Stuppy Greenhouse
- Logiqs B.V.
- Argus Control Systems Ltd.
- Poly-Tex, Inc.
- The Glasshouse Company
- Luiten Greenhouses BV
- Agra Tech, Inc.
Recent Developments
- In November 2024, Arugga AI Farming, an Israeli organization known for greenhouse innovations announced the launch of its new plant-lowering robot for greenhouse applications. These new robots help greenhouse operators automate their greenhouse operations to enhance efficiency.
- In September 2024, the Greek government revealed its plans of launching a new program to promote greenhouse cultivation in the country. The government is planning to invest around 600 million euros to enhances its agricultural production capabilities as climate change becomes more prominent in the country.
- In September 2024, Globalmex International Inc. Announced the launch of its hydroponic greenhouse-grown tomatoes in central Mexico. These newly launched tomatoes are also organic and launched to meet the diversifying needs of consumers in Mexico.
Greenhouse Key Market Trends
- Vertical and Urban Greenhouses: Shrinking availability of land and rising costs of land purchases are expected to promote the popularity of vertical and urban greenhouses. These greenhouses require less space but provide maximum yield in terms of area cultivated. These types of greenhouses can also reduce transportation costs and emissions as they can be easily set up in or near urban areas, which might not be possible for traditional approaches.
- Use of Hydroponics and Aquaponics: Greenhouse companies are expected to focus on soilless farming techniques to stand out from the competition. Aquaponics and hydroponics are capable of providing higher yields and water efficiency, which is boosting their popularity around the world. This greenhouse market trend is gaining popularity among farmers focusing on crops such as lettuce, tomatoes, and herbs.
Greenhouse Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, rising emphasis on improving food security and growing demand for organic food products are slated to primarily boost market growth in the future. However, limited adoption in developing regions and high initial investments are estimated to impede greenhouse demand outlook going forward. Europe is forecasted to lead the global greenhouse market growth owing to the high emphasis on sustainability and the adoption of greenhouse farming practiceseenhouse companies should focus on providing vertical and urban greenhouse installations to maximize their business scope and improve sustainability.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 25.5 Billion |
| Market size value in 2031 | USD 59.64 Billion |
| Growth Rate | 9.9% |
| Base year | 2023 |
| Forecast period | (2024–2031) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Greenhouse Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Greenhouse Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Greenhouse Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Greenhouse Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Greenhouse Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Greenhouse Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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