PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1551450
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1551450
Global Greenhouse Horticulture Market to Reach US$45.7 Billion by 2030
The global market for Greenhouse Horticulture estimated at US$27.2 Billion in the year 2023, is expected to reach US$45.7 Billion by 2030, growing at a CAGR of 7.7% over the analysis period 2023-2030. Greenhouse Horticulture Hardware, one of the segments analyzed in the report, is expected to record a 7.5% CAGR and reach US$28.1 Billion by the end of the analysis period. Growth in the Greenhouse Horticulture Software segment is estimated at 9.7% CAGR over the analysis period.
The U.S. Market is Estimated at US$7.4 Billion While China is Forecast to Grow at 12.2% CAGR
The Greenhouse Horticulture market in the U.S. is estimated at US$7.4 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$10.2 Billion by the year 2030 trailing a CAGR of 12.2% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.4% and 7.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.
Why Is Greenhouse Horticulture Critical for Modern Agriculture?
Greenhouse horticulture is critical for modern agriculture as it allows for the controlled cultivation of plants, providing optimal growing conditions regardless of external weather conditions. This method of cultivation enables the production of high-quality crops year-round, increasing yield and reducing the risk of crop failure due to environmental factors. Greenhouse horticulture is widely used for growing vegetables, fruits, flowers, and ornamental plants, offering a reliable solution for meeting the growing demand for fresh produce. As global food demand continues to rise, driven by population growth and changing dietary preferences, the importance of greenhouse horticulture in ensuring food security and sustainability is increasing, driving demand for advanced greenhouse solutions.
How Are Technological Advancements Enhancing Greenhouse Horticulture?
Technological advancements are significantly enhancing the efficiency, productivity, and sustainability of greenhouse horticulture. Innovations in climate control systems, including automated heating, cooling, and ventilation systems, are enabling precise regulation of temperature and humidity levels, ensuring optimal growing conditions for crops. Advances in lighting technology, such as LED grow lights, are improving the energy efficiency of greenhouses while providing the specific light spectrum needed for different stages of plant growth. Additionally, the integration of IoT and smart technologies is enabling real-time monitoring and control of greenhouse environments, allowing farmers to optimize water usage, nutrient delivery, and pest management. These technological advancements are driving the adoption of advanced greenhouse horticulture practices, supporting the growth of the market.
What Market Trends Are Driving the Demand for Greenhouse Horticulture?
Several key market trends are driving the demand for greenhouse horticulture, including the increasing focus on sustainable agriculture, the rise of urban farming, and the growing demand for locally grown produce. The increasing focus on sustainable agriculture, driven by environmental concerns and the need to reduce the carbon footprint of food production, is boosting demand for greenhouse horticulture that can provide efficient and environmentally friendly cultivation methods. The rise of urban farming, supported by the growing interest in local food production and the need to reduce transportation costs and emissions, is also driving demand for greenhouse horticulture in urban areas. Additionally, the growing demand for locally grown produce, driven by consumer preferences for fresh and high-quality food, is encouraging the adoption of greenhouse horticulture to meet year-round demand. These trends are shaping the future of greenhouse horticulture, driving innovation and growth in the industry.
What Is Driving the Growth in the Greenhouse Horticulture Market?
The growth in the greenhouse horticulture market is driven by several factors. The increasing demand for high-quality and year-round crops, driven by global population growth and changing dietary preferences, is a major driver of market growth. Technological advancements in climate control, lighting, and smart farming systems are also contributing to market growth by improving the efficiency, productivity, and sustainability of greenhouse horticulture. The rise of urban farming and the growing demand for locally grown produce are further supporting the adoption of greenhouse horticulture as a solution for meeting the demand for fresh and high-quality food. Additionally, the increasing focus on sustainable agriculture and the need to reduce the environmental impact of food production are driving demand for greenhouse horticulture that can provide efficient and environmentally friendly cultivation methods. These factors, combined with the ongoing need to ensure food security and sustainability, are driving the expansion of the greenhouse horticulture market.
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