Greenhouse Horticulture Global Market Report 2024

The greenhouse horticulture market size has grown rapidly in recent years. It will grow from $29.64 billion in 2023 to $32.88 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The historical period's growth can be ascribed to factors such as population expansion and increased demand for food, climate variability, a transition towards sustainable agriculture, urbanization, and the constraints of land scarcity, along with the globalization of food supply chains.

The greenhouse horticulture market size is expected to see rapid growth in the next few years. It will grow to $48.67 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The anticipated growth in the forecast period is linked to factors such as increasing awareness of food security, a rising demand for locally grown produce, strategies for mitigating climate change, government support and incentives, and consumer preferences for organic and specialty crops. Notable trends expected in the forecast period involve technological innovations in crop management, advancements in greenhouse technology, emphasis on sustainable materials, specialized designs for greenhouses, and the emergence of smart greenhouses.

The greenhouse horticulture market is expected to experience growth due to a high demand for food. This high demand for food occurs when the population's need for food surpasses the available supply. Greenhouse horticulture provides an optimal microclimate for plant growth, enabling the accelerated cultivation of fruits. According to Nature Portfolio in July 2021, the global food demand is projected to increase from 35% to 56% between 2010 and 2050. Hence, the surge in food demand is a driving factor for the growth of the greenhouse horticulture market.

The growth of the greenhouse horticulture market is also anticipated to be fueled by the increasing prevalence of pest infestation. Pest infestation refers to the presence of a large number of pests that can cause harm or damage to plants, animals, structures, or human health. Greenhouse horticulture actively engages in researching and developing innovative pest management approaches, including host resistance, biological control, and cultural practices. These novel approaches aim to reduce pesticide usage while preserving crop quality and output. According to the Food and Agriculture Organization (FAO) in June 2021, pests lead to an annual loss of up to 40% in global crop production. Additionally, plant diseases incur a cost exceeding $220 billion to the global economy each year, while invasive insects result in losses of around $70 billion annually. Therefore, the increasing prevalence of pest infestation is a key driver behind the growth of the greenhouse horticulture market.

Product innovations stand out as a prominent trend gaining traction in the greenhouse horticulture market, with companies striving to secure their positions through inventive solutions. An example of this is Heliospectra, a Sweden-based provider of intelligent LED grow lights for greenhouses, launching MITRA Flex in February 2023. MITRA Flex is a wirelessly controllable flexible far-red light featuring three spectra in one. This adaptable far-red light is well-suited for personalized and application-based growing, including end-of-day or end-of-production light treatments to ensure year-round crop health in low-light seasons.

Major players in the greenhouse horticulture market are adopting advanced methods such as indoor vertical farming to enhance their competitiveness. Indoor vertical farming involves cultivating crops in vertically stacked layers or towers within a confined environment. For instance, in January 2022, NASA (National Aeronautics and Space Administration) introduced an innovative indoor farming technique that integrates plant science and environmental control methods to optimize plant growth in enclosed spaces. This closed-loop system recycles and reuses resources such as water, air, and nutrients, ensuring sustainability and minimal environmental impact. Utilizing vertical farming structures, this technology maximizes space efficiency, leading to increased crop yield in a smaller footprint compared to traditional outdoor farming.

In March 2021, Netafim, an Israel-based irrigation equipment manufacturing company, acquired Gakon Horticultural Projects for an undisclosed amount. This strategic move allowed Netafim to broaden its offerings in the production and supply of greenhouse projects, meeting the growing demand for advanced farming methods. Gakon Horticultural Projects, a Netherlands-based greenhouse construction company, specializes in selling and installing greenhouses, heating installations, screening, and turnkey projects using steel and aluminum products.

Major companies operating in the greenhouse horticulture market report are Signify Co. Ltd., Europrogress Group, Rough Brothers Inc., Priva Holding BV, Netafim Ltd., Richel Group SA, Nexus Corporation, Atlas Manufacturing Inc., Dalsem B.V., Certhon Co., Hoogendoorn Growth Management, GGS Structures Inc., Argus Control Systems Limited, Cravo Equipment Ltd., AB Ludvig Svensson, Van der Hoeven Horticultural Projects BV, Poly-Tex Inc., Ammerlaan Construction B.V., Luiten Greenhouses BV, Ridder Drive Systems B.V., CropKing Inc., Mardenkro B.V., Kubo Group Ltd., Logiqs B.V., Hort Americas LLC, Ceres Greenhouse Solutions LLC, Agra Tech Inc., Heliospectra AB, Argosee Greenhouse Technology Pty Ltd., Greentech Industries India Private Limited.

Europe was the largest region in the greenhouse horticulture market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the greenhouse horticulture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the greenhouse horticulture market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary crop types in greenhouse horticulture include fruits and vegetables, nursery crops, flowers and ornamentals, and others. Fruits and vegetables encompass plant-based foods consumed for their nutritional value and taste. Greenhouse horticulture encompasses two main types such as plastic greenhouse and glass greenhouse, utilizing various products such as grow bags, greenhouse films, windbreak and shelter nets, horticulture twines, and others. The technologies employed in greenhouse horticulture include heating systems, cooling systems, and others.

The greenhouse horticulture market research report is one of a series of new reports that provides greenhouse horticulture market statistics, including greenhouse horticulture industry global market size, regional shares, competitors with a greenhouse horticulture market share, detailed greenhouse horticulture market segments, market trends and opportunities, and any further data you may need to thrive in the greenhouse horticulture industry. This greenhouse horticulture market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The greenhouse horticulture market consists of sales of seed trays, screens, air-circulating fans, extractor fans, fog systems, and climate control systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.