The Middle East and Africa (MEA) greenhouse horticulture market size is expected to reach USD 33.07 billion in 2024 and reach USD 50.65 billion by 2029, growing at a CAGR of 8.9% from 2024 to 2029. The market value is supposed to increase more over the next few years due to the rising adoption of greenhouses for horticulture crop production in the MEA nations.
Rising adoption of greenhouse farming techniques and the rising need for extending the cropping season in order to feed the growing population are some of the driving factors of the Middle East and Africa greenhouse horticulture equipment market. Increasing adoption of the greenhouse for horticulture crop production and a surge in demand for protected crop cultivation across the region are also acting as positive factors that will help the growth of the market for greenhouse horticulture in the Middle East and Africa region.
Strict regulations from the government authorities are one of the major restraints affecting the growth of the Middle East and Africa greenhouse horticulture market. Another major limitation to the expansion of the market of greenhouse horticulture in the MEA is the high maintenance costs associated with the process.
Due to the coronavirus pandemic, all the companies are suffering from the production and demand, supply chain, and market disruption, along with financial losses. Since March 2021, all the companies have halted their production units and terminated some of their employees as they are not in a position to pay their salaries.
Recently, governments in different nations have allowed firms to restart their production with strict rules and regulations. All the companies have begun their manufacturing units, which, in turn, started the supply chain, which is likely to aid them in recovering from the financial crisis.
In the Middle East and Africa greenhouse horticulture market, the companies related to the market were expecting that the business will bounce back in the next two to three years with rising need for extending the cropping season to fulfill the needs of its increasing population. Furthermore, the rising adoption of greenhouse farming techniques in several local provinces also helps the Middle East and Africa Greenhouse Horticulture market to grow further during the forecast period.
Among these, the edibles segment accounted for a protruding portion of the regional market.
Among these, the glass greenhouse segment recorded the leading share in the local market.
The Middle East and Africa Greenhouse Horticulture are likely to progress with the rising need for extending the cropping season to feed the expanding population. Also, increasing the adoption of the greenhouse for horticulture crop production and rising calls for protected crop cultivation across the region are estimated to fuel the revenue rate in the Middle East and Africa region.
Some of the key players of the MEA Greenhouse Horticulture market are Priva B V, Ceres Greenhouse Solutions, Certhon, Rough Brothers Inc, Top Greenhouses Ltd, 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, Ridder Holding Harderwijk B V.
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