The value of the Asia Pacific greenhouse horticulture market size is expected to reach USD 38.80 billion in 2024 and reach USD 57.27 billion by 2029, growing at a CAGR of 8.1% during the forecast period of 2024 to 2029. The market value is expected to increase more during the forecast period owing to the rising demand for food and the increasing population in the Asia Pacific region.
The increasing adoption of greenhouse farming techniques in countries such as China and India is one of the driving factors that is helping the growth of the market of greenhouse horticulture in the Asia Pacific region.
The surge in investments by the companies for research and development for implementing new technological advancements in the field propels the growth of the Asia Pacific greenhouse horticulture market.
Rising demand for food in this region due to the burgeoning population is also one of the driving factors of the Asia Pacific greenhouse horticulture equipment market.
Strict regulations from the government authorities are one of the major restraints affecting the growth of the Asia Pacific greenhouse horticulture market.
Another major limitation to the growth of the regional market is the availability of alternative products that are available at affordable prices.
Due to the coronavirus pandemic, all the companies are suffering from production and demand, supply chain, and market disruption, along with financial impacts. Since March 2020, all the companies have closed and due to the financial crisis, they have terminated most of the employees as they are not in a position to pay their salaries to them.
Recently, the local governments have given permission to the companies to start their operations with stringent policies and regulations. All the companies have restarted their production, which, in turn, started the supply chain of their products and helped them to recover from this financial crisis.
In the Asia Pacific Greenhouse Horticulture market, the companies related to the market were expecting that the market will gain some profits in the upcoming two to three years with the rising call for food production because of the humungous population in the area. Furthermore, increasing the adoption of greenhouse farming techniques helps the market of Asia Pacific Greenhouse Horticulture to grow further during the forecast period.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
8.1% |
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Segments Covered |
By Covering material, Application, Product and Country |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
India, China, Japan, Australia, Canada, Vietnam and etc |
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Market Leaders Profiled |
Ceres Greenhouse Solutions, Certhon, Van Der Hoeven, Oritech solutions, Netafim Ltd, Richel Group, Hoogendoorn Growth Management B V, Certhon Inc, Dalsem Horticulture Projects B V, HortiMaX B V, Harnois Greenhouses, Priva B V, Ridder Holding Harderwijk B V, Rough Brothers Inc, Top Greenhouses Ltd, and others. |
Among these, the glass greenhouse segment is likely to develop with a significant share in the worldwide market.
Among these, the edibles segment holds a prominent share of the market.
Asia Pacific Greenhouse Horticulture is expanding because of the rising demand for food production that is due to the increasing population in the area. Also, the increasing adoption of greenhouse farming techniques in the countries such as China and India propels the growth of the revenue rate in the Asia Pacific region. The locale is also expected to hold the market dominion over the conjecture period.
Some of the key players in the Asia Pacific Greenhouse Horticulture market are Ceres Greenhouse Solutions, Certhon, Van Der Hoeven, Oritech Solutions, Netafim Ltd, Richel Group, Hoogendoorn Growth Management B V, Certhon Inc, Dalsem Horticulture Projects B V, HortiMaX B V, Harnois Greenhouses, Priva B V, Ridder Holding Harderwijk B V, Rough Brothers Inc, Top Greenhouses Ltd, and others.
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