High End Greenhouse Market

Global High-End Greenhouse Market Size (2024 to 2032)

The global high-end greenhouse market was valued at USD 2258 million in 2023 and is anticipated to reach USD 2436.24 million in 2024 from USD 4476.28 million by the end of 2032, growing at a CAGR of 7.9% during the forecast period 2024 to 2032.

High-end greenhouse techniques are gaining popularity in farming and highlighting huge benefits for users who want to track and monitor the growing process of a plant.

Global High-End Greenhouse Market Drivers

Despite the climatic changes across the world, the benefits of the adoption of this farming technique are leveraging the scope to increase the production rate of the crop, which is propelling the growth rate of the market. The increasing population is highly prompting the demand for the food production rate, which is largely fuelling the market share. The agricultural process in the 21st century faces many challenges in fulfilling the demands of the growing population. The need to adopt sustainable farming procedures is important, and this is majorly increasing the need for high-end greenhouses. United Nations are proposing ambitious objectives to ensure nutritious and healthy food access, and high-end greenhouse procedures are also among them. For instance, the Indian government is totally in favor of exporting agricultural products. According to recent reports, the export value of India's agricultural products was estimated at USD 53.15 billion in 2022-2023. These factors are escalating the market growth rate to an extent.

In addition, rising disposable income and increasing prominence for the launch of innovative farming techniques are ascribed to boost the market value. The rising urban population is consuming agricultural land, and the demand for indoor agricultural practices like high-end greenhouses is rising enormously. For instance, the agricultural land in the US decreased to 895,300,000 acres in 2021 from 896,600,000 acres in 2020. The high-end greenhouse technique does not need a huge place, which is why the demand is growing eventually day by day.

High-end farming techniques offer suitable climatic conditions for the crops appropriately that do not depend on external weather conditions. Therefore, the growing climatical changes and disruptions will not affect crop production, which greatly influences the global market growth.

Global High-End Greenhouse Market Restraints

However, the high initial investment in high-end greenhouse farming techniques is slightly degrading the growth rate of the market. The overall setup costs are high as it compromises LED lights, active heat systems, and others, which is barely impossible for small-scale industries to build up this setup. Therefore, the demand to adopt this technique in underdeveloped countries is very low comparatively. In addition, the production rate of the high-value crops is a bit low as the procedure is very efficient in small and close areas. Also, due to the enclosed structure, high-end greenhouse farming is restricted due to a lack of pollination.

Global High-End Greenhouse Market Challenges

The high-end greenhouse farming technique requires highly skilled people to understand and optimize various conditions required for the cultivation of the crops. Lack of knowledge of these techniques and difficulty in recruiting skilled labor are major challenges for the high-end greenhouse market growth. In addition, there is a risk of system failure in real-time, such as water pumps, which leads to the death of plants within a short time. This will subsequently affect the production rate of the crop, which is impeding the growth rate of the market.

Global High-End Greenhouse Market Opportunities

The high-end greenhouse market is set to have huge growth opportunities with the shifting trend towards advanced farming techniques. Artificial intelligence is one of the best technologies that help farmers to increase their crop production using the latest techniques. The advanced technologies help farmers optimize the water, soil, and energy, eventually enhancing the quality and quantity of the crops using greenhouse farming techniques. It is concluded that the high-end greenhouse farming technique is a goldmine in agriculture that is inclined to offer huge profits for farmers in the coming years. Climatic changes are showing a huge impact on the cultivation of seasonal crops, which further destroys the industry and leads to huge losses. The high-end greenhouse technique is the one that provides appropriate environmental conditions for the plants irrespective of external climatic changes. Hence, the crop productivity will not be disturbed, which is ascribed to bolster the growth rate of the high-end greenhouse market. However, the high-end greenhouse farming technique is posing huge advantages by overcoming all the limitations of traditional farming cultures.

Impact Of COVID-19 On The High-End Greenhouse Market

The high-end greenhouse market impact completely declined during the COVID-19 pandemic. All farming work has been suspended due to a lack of migrant workers, as the whole world is under lockdown restrictions. Supply chain disruptions are another factor that negatively impacts the growth rate of the market. Government investments reduced the demand for R&D activities on innovative farming techniques. This hugely hampered the market share during the pandemic period. However, with the growing demand for food production, the high-end greenhouse market size is estimated to grow at a higher rate in the coming years. China is one of the major countries that is adopting modern farming techniques to meet the growing demand for food. Post-COVID-19 outbreak, China is quietly adopting the high-tech greenhouse procedure to cultivate vegetables. The complex was built on the outskirts of the megacity in 2021. Here, the farmers use one of the modern technologies to manage irrigation, temperature, and lighting systems to grow vegetables with more sustainability to meet the large consumer base supply.

REPORT COVERAGE

SEGMENT ANALYSIS

Global High-End Greenhouse Market Analysis By Covering Materials

The plastic segment is leading with the highest share of the market where, whereas solid brush cleaners are expected to have potential growth opportunities in the coming years. Plastic is used for the covering due to its high mechanical properties and cost-effectiveness. Polyethylene is used in most of the high-end greenhouse farming for covering, which is durable and easy to incorporate additives to improve the characteristics.

Global High-End Greenhouse Market Analysis By Product Type

The tomato greenhouse segment is ruling with the 38.2% share of the high-end greenhouse market. High-quality and quantity tomatoes are grown using hydroponic technology, which is escalating the growth rate of the high-end greenhouse market. This technology promotes a huge production rate of tomatoes compared with traditional methods. Therefore, the tomato greenhouse segment is gaining more traction among others. Pepper Greenhouse is next in leading the prominent growth rate.

Global High-End Greenhouse Market Analysis By Component Type

The HVAC systems segment is thriving to lead the significant share of the market with the growing adoption of modern farming techniques in emerging countries like the US, India, China, and Japan. The irrigation system segment is next in holding the prominent share, whereas the control systems & sensors segment is likely to hold the highest CAGR by the end of 2029.

Global High-End Greenhouse Market Analysis By Application

The commercial segment is gaining more traction over the high-end greenhouse market share with the rising investments from the public and private sectors. The residential segment is likely to grow steadily during the forecast period with the growing popularity of the various greenhouse farming techniques that are simple to install at residencies.

Global High-End Greenhouse Market By Region

North America's high-end greenhouse market is gaining more traction over the revenue share from the past few years. The US and Canada are highly developed countries where modern technology is booming in farming practices. In the USA, high-end greenhouse farming is gaining huge profits as the agricultural land is decreasing slowly with the growing construction of buildings, especially in urban areas.

Asia Pacific is expected to have the highest CAGR by the end of 2029, with the increasing prominence of meeting the food demand due to the enormously increasing number of people. China is the most populous country in the world, and the demand for food production is growing accordingly. This country has already adopted greenhouse farming techniques in every possible way and is ready to overcome all the limitations. According to recent reports, China anticipates increasing its feed imports in 2025 to meet people's food requirements. In this way, the government is planning to build more greenhouse farming infrastructures with all the latest technological developments that increase the crop production rate. For instance, the largest single smart Greenhouse in Asia was built on 53 hectares, named Dezhou Smart Agriculture Industrial Park. This farming technique can increase the yield of crop production up to four times the traditional method. There are many other greenhouse farming parks planned for the coming years.

Europe is likely to grow at a higher rate during the forecast period 2024-2029. The UK and Germany are major countries contributing the highest share of the market. Growing per capita income and increasing prevalence of the development of new techniques in farming are accelerating the high-end greenhouse market size in Europe.

KEY MARKET PLAYERS

Texas Greenhouse Company Inc., Nexus Corporation, Certhon, Dutch Greenhouse, Conley's Manufacturing and Sales Netafim, The Toro Company, Nelson Irrigation, LumiGrow, Poly-Tex, Inc., United Greenhouse Systems, Inc. some of the major key players dominating the global greenhouse end market.

RECENT HAPPENINGS IN THE GLOBAL MARKET

• In 2023, Cethon Group's full stake in a Dutch Horticulture facility operator was acquired by DENSO Corporation. The main aim is to expand their agricultural production business to the next level in the coming few years.
• In 2023, Dutch Greenhouse in the Netherlands will seamlessly promote their local food systems in India. The plan is to promote modern technology to produce a healthy way of producing foods by minimizing the use of pesticides and chemicals as much as possible. This company is eagerly waiting to seek investors and retailers from India to forward the interest in healthier and more profitable food-growing systems.

DETAILED SEGMENTATION OF THE GLOBAL HIGH-END GREENHOUSE MARKET

This research report on the global high-end greenhouse market is segmented and sub-segmented into the following categories.  

By Covering Materials

• Plastic
• Solid Brush Cleaners
• Others

By Product Type

• Tomatoes Greenhouse
• Cucumber Greenhouse
• Eggplant Greenhouse
• Pepper Greenhouse
• Others

By Component Type

• HVAC Systems
• Control Systems & Sensors
• Valves & Pumps
• Irrigation System
• Material Handling
• LED Grow Lights
• Others

By Application

• Residential
• Commercial

By Region

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East & Africa