Greenhouse Horticulture Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user and Region (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

The greenhouse horticulture industry is experiencing remarkable growth, driven by surging demand for horticulture production in urban areas and advancements in CO2 extraction technologies for greenhouses. The need to extend cropping seasons, meet the rising food demand of a growing population, and protect crops from pests and adverse climate conditions have further boosted the worldwide greenhouse horticulture market. The positive response in adopting greenhouse farming techniques, especially in developing countries, is expanding the horizons of the market.

Key Trends Shaping the Greenhouse Horticulture Market

The greenhouse horticulture market is witnessing robust growth due to advancements in the agriculture industry and increased adoption of sustainable horticulture practices. The implementation of IoT-enabled lighting systems, utilizing photoperiodic and supplemental lighting to induce photosynthesis in plants, is propelling the market forward. LED-based solutions with longer operational life and data collection efficiency through machine learning and remote adjustments are driving the adoption of next-gen technologies. Additionally, the use of artificial intelligence sensor technologies assists farmers in detecting diseases and pests in crops, contributing to the market's expansion.

Higher Growth Prospects for Asia Pacific with Government Support and Rising Adoption of Greenhouse Farming Techniques

Geographically, the global greenhouse horticulture market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe currently leads the market due to higher adoption rates of horticulture in crop production, supported by unfavorable weather conditions in countries like the UK, France, and Germany.

Asia Pacific is showing significant growth potential in the greenhouse horticulture market, driven by the increasing adoption of greenhouse farming techniques. The region's growth is further supported by the surging food demand due to a growing population and favorable government initiatives in countries like India and China. For instance, the Indian government is providing substantial subsidies and soft loans to increase production in the country. These factors contribute significantly to the market's growth in the Asia Pacific. Meanwhile, North America is witnessing increased demand for protected crop cultivation, particularly in countries such as Mexico and the U.S.

Competitive Players in the Greenhouse Horticulture Market

Leading companies in the global greenhouse horticulture market include Argus Control, Dalsem, Ebro India Pvt. Ltd., Godrej Agrovet Ltd., Keder Greenhouse, and Cargill.