Greenhouse Produce Market Size, Share, Growth, and Industry Growth, By Type (In-ground Soil Culture, Container Culture, Tissue Culture, Transplant Production, Hydroponics, and Others), By Application (Vegetables, Fruits, Flowers, Herbs, and Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Greenhouse Produce Market REPORT OVERVIEW

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The global greenhouse produce market size was USD 5196.4 million in 2022 and market is projected to touch USD 7992.52 million by 2031, exhibiting a compound annual growth rate (CAGR) of 4.9% during the forecast period.

Greenhouse produce protects crops from adverse conditions of the weather. The frames of inflated structures are covered in a transparent material that grows crops under controlled conditions of the environment. Additionally, greenhouse crops are valued for their potential for export and it plays a significant role in the foreign trade balance of various national economies. Controlled environment plant production systems are widely used globally for growing plants at specific places or times with an exceptional quality that cannot be found outdoors. It requires more capital than field agriculture and the outcome totally justifies the investment cost. 

Greenhouse produce has developed as a way to protect crops from changing weather conditions. The consistently rising population is expected to be a major factor in the growth of the market. The food grown in greenhouses increases every year due to the consumer's demand for quality produce. The crops grown in a greenhouse protects the wrath of nature and are promoted through every step of the crop by growers that utilize intelligent controls for monitoring their crops and plants. 

COVID-19 Impact: Lower Supply of Food Products Retarded Market Growth

The outbreak of the pandemic imposed several regulations on the population. Which included staying indoors. The farmers and experts had to stay indoors which retarded the growth of the market. The supply went low but the demand was constant as the population was consuming the same amount of food. The market was closed, and the population could not get essential food products. The pandemic affected almost all the markets and the service market was also on the list. The lower supply of the product caused disruption in the growth of the market. The market's expansion was hampered by the suspension of the supply of food and produce. Farmers experienced difficulties in raising crops and cattle, which had a negative impact on the production of agricultural income.

LATEST TRENDS

"Rising Population Increasing the Demand for Food to Surge Market Growth"

The population is constantly growing in the world which is ultimately surging the demand for food and crops in the market. The government is developing various initiatives to increase awareness about the use of greenhouse produce. It offers a higher yield in comparison with the conventional farming method. The enclosed facilities create conditions for the farmers to grow crops from seeds. Expanding population coupled with the rising urbanization in countries is forecasted to aid greenhouse produce market growth. Additionally, it requires less water than outdoor farming, which is anticipated to gain traction in the global market. The plants in the vertical greenhouse, which goes through a transpiration process that makes the feasibility to reuse the water for irrigation. 

Greenhouse Produce Market Segmentation

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• By Type Analysis

By type, the market is segmented into in-ground soil culture, container culture, tissue culture, transplant production, hydroponics, and others.

• By Application Analysis

Based on application, the market is classified into vegetables, fruits, flowers, herbs, and others.

The vegetable segment is estimated to propel major market growth owing to its feasibility of growing vegetables all year round. Producing vegetables in a greenhouse protects the crops from extreme conditions such as pests, colds, storms, drought, and others.

DRIVING FACTORS

"Requirement of Precise Environmental Conditions to Propel Service Demand"

Climate change has challenged the environment for farming. The growing research and development activities in scientific research led to the invention of advanced techniques of farming. It is attracting scientists, farmers, and researchers to grow crops indoors. Professionals are striving to launch greenhouse farming to eliminate the basic issues of climate control in various regions. The active cooling methods are useful in generating an optimum environment for irrigation. Monitoring ideal air quality, temperature, and relative humidity becomes crucial. To flourish, they require ideal water and light conditions. The amount of nourishment made accessible to plants should be carefully monitored and progressively increased or decreased depending on the crop's stage of development. For greenhouse crops to be produced, accurate monitoring of natural resources and nutrients is essential. This requires thorough knowledge of the crop, the weather, and the crops' ideal requirements.

"Low Availability of Arable Land to Foster Market Growth"

The commercial greenhouse market is expanding as a result of rapid urbanization and the limited supply of arable land. Commercial greenhouses have also become commonplace as a result of the changing weather patterns that have affected conventional farming. Farmers can estimate how much they will harvest and maintain the health of their crops by having such tight control over the growth of their crops. Farmers can cultivate flowers, vegetables, and fruit all year long because they have environmental control. A greater degree of control over the environment in which crops are grown is possible when greenhouse farming is used. If farmers successfully manage the air humidity, irrigation system, light, and temperature can have a respectable yield.

RESTRAINING FACTORS

"Lack of Awareness and High Initial Cost to Impede Market Growth"

The farmers are not well aware of this technology, which is a resistance to market growth. The initial cost of investment is higher, which limits the greenhouse produce market growth. It also requires precision technology to gain controlled growth. These factors are estimated to hinder the growth of the market. 

Greenhouse Produce Market REGIONAL INSIGHTS

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"North America to Lead the Market Owing to The Rapid Adoption of Advanced Technology"

North America is expected to hold a dominating part of the greenhouse produce market share due to the population using traditional techniques for developing a balanced environment inside the greenhouse. The region rapidly switched to automated technologies to enable the growth of the plant every season. 

Asia Pacific is most likely to show significant growth in the global market owing to the rising demand for various crops coupled with the constantly increasing population. Wheat and rice are the major crops in his region and are grown around the year to fulfill the demand of the population. 

KEY INDUSTRY PLAYERS

"Market Growth Through Innovative Technology Development,"

Businesses are developing new technology to provide simpler ways to broaden their product offerings. Businesses also use cutting-edge methods and procedures to create new technology. To boost sales, companies are concentrating on acquisitions and investments. The market is competitive as a result of the vast number of big businesses there. Other characteristics include operating through specialized distribution networks and having a big worldwide consumer base. Leading businesses introduce new products in an effort to gain greenhouse produce market share.

List of Market Players Profiled

• Nyboers Greenhouse and Produce (Ireland)
• Yanak’s Greenhouse (U.S.)
• Loch’s Produce and Greenhouse (U.S.)
• Elk River Greenhouse and Vegetable Farms (U.S.)
• Ricks Greenhouse and Produce (U.S.)
• La Greenhouse Produce (U.S.)
• Mikes Greenhouse Produce (U.S.)
• Mitchell’s Greenhouse and Produce (U.S.)
• Sun Parlour Greenhouse Co-Op (Canada)
• Schmidt Greenhouse (U.S.)
• Hodgson Greenhouse (U.K.)
• Beacon Valley Greenhouse (U.S.)
• Scott Farm & Greenhouse (U.S.)
• Red Sun Farms (Canada)
• Azrom Greenhouses (Israel)
• Orgil Greenhouses (U.S.)
• Telman Greenhouses (Israel)

REPORT COVERAGE

An overview of the product is provided along with the product description. Numerous industry elements are included in the research.

• The pandemic's aftereffects and the subsequent lockdown.
• The market's most recent trend is currently fueling expansion.
• The factors are most likely to stimulate market growth.
• The reasons the market is expected to grow more slowly.
• A comprehensive regional analysis of the market is conducted.
• Significant players and their business offices are also covered in the article.