Jul 7, 2020 2:03 AM ET
iCrowd Newswire – Jul 7, 2020
The global greenhouse horticulture market was valued at approximately $30 billion in 2019 and it is expected to grow with a healthy growth rate of more than 9% during the forecast period of 2020 to 2027.
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Greenhouse horticulture method is an effective use of productive resources. It maintains favorable weather condition, protect crops from diseases, insects & pests, and improve the quality of crops. Owing to these features of the greenhouse horticulture, the global greenhouse horticulture market is expected to drive its growth during the forecast period. Furthermore, rising demand for food, surge in production of horticulture crops and increase in investment by government to support the adoption of greenhouse horticulture are some factors expected to fuel the growth of the global greenhouse horticulture market. However, shortage of cold storage facilities, and rise in soluble salts in agriculture water are some key factors hampering the growth of this global market during the forecast period of 2020 to 2027.
The global greenhouse horticulture market was segmented on the basis of covering material, application, and region. By covering material, the global greenhouse horticulture market was sub-segmented into plastic greenhouse, glass greenhouse, and others. By application, the global greenhouse horticulture market was sub-segmented into fruits, vegetables, ornamental, and others.
By geographical region, the global greenhouse horticulture market is studied among North America (US, Canada, Mexico), Europe (Germany, France, Italy, Spain, UK, rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, rest of Asia-Pacific) and LAMEA (Brazil, Saudi Arabia, South Africa, rest of LAMEA). Among which, Europe is expected to lead the global market during the forecast period. This is attributed to the unfavorable weather conditions, and rising adoption of greenhouse for the horticulture crop production in the region. On the other hand, Asia-Pacific is expected to exhibit highest CAGR during the forecast period owing to rising demand for food in this region due to rising population and growing adoption of greenhouse farming techniques in the countries such as India and China.
Major market player included in research study of the global greenhouse horticulture market are Hoogendoorn Growth Management BV, Richel Group, HortiMaX B.V., PRIVA B.V., Certhon, ORITECH Solutions, Dalsem Horticultural Projects B.V., Harnois Greenhouses, Ceres Greenhouse Solutions, and Van der Hoeven.
Recent Developments in the Global Greenhouse Horticulture Market
Oritech Solutions was founded in the year 2005. The company is engaged in manufacturing and selling of induction equipment for heating, melting, and hardening applications. In the year 2017, the company unveiled the launch of its range of surface mount technology (SMT) equipment specially designed for the Australian market.
Ceres Solutions, LLP was founded in the year 1987. The company deals in agricultural products and related services. The company offers crop nutrients, protection products, fuels, lubricants, technology consultancy, insurance, and financial solutions. In the year 2019, the company introduced Ecoloop which is the most energy-efficient climate control greenhouse system. In the year 2020, the company unveiled a new design of full greenhouse system which help to achieve the most productive growing environment at a low cost.
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