The global greenhouse horticulture market size is expected to reach USD 38.94 billion in 2024. The global greenhouse horticulture market size is further forecasted to grow to USD 60.19 billion by 2029, growing at a CAGR of 9.08% from 2024 to 2029.
Produce crops in an organized shelter to deliver customized provisions for growing crops that were built using transparent materials such as glass, plastic, and other materials such as polyvinyl chloride, polycarbonate rigid plastic acrylic, and others. The greenhouse can control external parameters such as light, temperature, humidity, and carbon dioxide emissions. The market value is expected to increase more during the forecast period due to the surge in demand for protected crop cultivation across the globe, along with the rising need for extending the cropping season to feed the growing population and protect them from climatic conditions and pests.
Improvements in CO2 extraction technologies for greenhouses and increased urban demand for horticultural production are some of the driving factors of the greenhouse horticulture market. The rising adoption of greenhouse farming techniques and the growing demand for food due to the increasing population in some emerging countries such as China and India are also driving factors in the worldwide greenhouse horticulture market.
Increasing demand for protected crop cultivation across the globe is propelling the growth of the global greenhouse horticulture market. Increasing awareness by various governments and other associations in research and development for the new technological advancements in the field propels the growth of the global greenhouse horticulture market.
In the global greenhouse horticulture market, the market participants are predicted to have a favorable market environment during the forecast period owing to the surge in demand for protected crop cultivation across the globe and increasing investments by organizations for the innovations of technological advancements. Furthermore, the rising adoption of greenhouse farming techniques and the increasing call for food due to the rising population in some emerging countries such as China and India have helped the greenhouse horticulture market to grow further during the outlook period.
Strict regulations from the government authorities are one of the major restraints affecting the growth of the Greenhouse Horticulture market. Another major limitation to the expansion of the greenhouse horticulture market is the shortage of cold storage facilities, along with the high soluble salts in agricultural water.
Due to the coronavirus pandemic, all the companies are suffering from production and demand, supply chain and market disruption, and finances. Almost all the Companies have halted their manufacturing units due to the strict lockdown regulations imposed by the government authorities. Since March 2020, all the companies have closed, and due to the financial crisis, they have terminated almost all the employees as they are not able to pay their salaries and are facing severe financial problems. Recently almost all the countries have lifted the lockdown and given permission to the companies to restart their manufacturing units with strict rules and regulations. So, the companies started their manufacturing units, which in turn started the supply chain of their products and helped them recover from their financial crisis.
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2029 |
Base Year |
2023 |
Forecast Period |
2024 to 2029 |
CAGR |
9.08% |
Segments Covered |
By Covering Material, Application, Product and Region |
Various Analyses Covered |
Global, Regional, & Country Level Analysis; Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Richel Group, Hoogendoorn Growth Management B V, Certhon Inc, Dalsem Horticulture Projects B V, HortiMaX B V, Harnois Greenhouses, Priva B V, Ceres Greenhouse Solutions |
Among these regions, Europe holds the major share of the greenhouse horticulture market owing to the high adoption of this technique in crop production. Also, unfavorable weather conditions in some countries, such as the UK, Germany, and France, propel the revenue rate growth in the European region. Asia Pacific region holds the second-largest share of the greenhouse horticulture market due to the rising adoption of greenhouse farming techniques and the rising need for food due to the mounting population in countries such as China and India in this area.
North America region is expected to expand at a promising CAGR during the forecast period owing to a surge in demand for protected crop cultivation in some countries such as the U.S., Mexico and Canada.
Some of the key players in the global greenhouse horticulture market include Richel Group, Hoogendoorn Growth Management B V, Certhon Inc, Dalsem Horticulture Projects B V, HortiMaX B V, Harnois Greenhouses, Priva B V, Ceres Greenhouse Solutions, Van Der Hoeven, Oritech Solutions, Netafim Ltd, Ridder Holding Harderwijk B V, Rough Brothers Inc, Top Greenhouses Ltd and others. Most companies explore new regions by innovating new products, collaborating with other companies, and acquisitions across the globe to increase the demand in the market and to improve the revenue of their company.
By Covering Material
By Application
By Product
By Region
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