Greenhouse Horticulture Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

Description

Greenhouse Horticulture Market size was valued at USD 21.8 billion in 2021, It is growing at a significant CAGR of 6.2% from 2022-2028. The factors influencing the growth of the market include an increase in the adoption of greenhouse horticulture due to fluctuations in environmental conditions, government initiations to raise awareness about greenhouse farming among the farmers, development of advanced techniques for greenhouse farming, an increase in the demand for organic and quality food products among the population, and rapid urbanization and decrease in arable land are anticipated to surge the market over the forecast timeframe. However, high cost for greenhouse horticulture and lack of awareness about greenhouse farming in underdeveloped countries are anticipated to hamper the growth of market over the forecast timeframe. Global Greenhouse Horticulture market is consolidating as large players complement each other’s businesses by means of collaborations and acquisitions. For instance, In July 2016, Philips Horticulture partnered with Light4Food to supply LED lighting for vertical farms. The report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the report includes crop production; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global greenhouse horticulture market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global report include suppliers, manufacturers, marketers, policy makers, and agriculture service providers engaged in global green horticulture products.