Greenhouse produce involves growing of fruits and vegetables inside a greenhouse structure for better control over growing conditions such as temperature, humidity, water and light. Greenhouse produce offers high quality crops with desirable color, size, and nutritional value and helps extend the growing season. Greenhouse produce allows year-round harvests as crops can be grown regardless of season or climate.
The global Greenhouse Produce Market is estimated to be valued at US$ 28 Bn in 2023 and is expected to exhibit a CAGR of 4.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Advancements in greenhouse technology is one of the key trends driving the growth of the greenhouse produce market. Adoption of smart greenhouse concept powered by Internet of Things (IOT) is gaining traction among greenhouse farmers. Smart greenhouse systems use sensors, LED grow lights, HVAC systems and other automation to optimize growing conditions autonomously for optimal plant growth. Precision agriculture techniques such as use of drones and robots for monitoring crop health and carrying out tasks are also being increasingly used. These technology driven solutions help boost crop yields as well as reduce labor requirements. This in turn is expected to accelerate the revenue growth of the greenhouse produce market over the forecast period.
Segment Analysis
The global greenhouse produce market is dominated by the vegetable segment. Vegetables such as tomatoes, peppers, cucumbers, and lettuce have ideal growing conditions in greenhouses compared to fields due to controlled environmental factors like temperature, humidity, soil condition etc. This allows farmers to grow these vegetables throughout the year and meet rising consumer demand.
Key Takeaways
The Global Greenhouse Produce Market Size is expected to witness high growth over the forecast period.
Regional analysis: Europe currently has the largest share in the global greenhouse produce market mainly attributed to the high adoption of greenhouse farming practices in countries such as Spain, Italy and Netherlands. Countries such as Spain and Netherlands are among the world's largest producers and exporters of greenhouse crops. Netherlands, in particular, is the global leader in greenhouse vegetable production owing to advanced greenhouse technologies and mechanized planting and harvesting processes. Over the years, greenhouse farming has played a key role in improving the yields and ensuring year-round supply of crops in these European countries.
Key players related content comprises: Key players operating in the greenhouse produce market are Fabory, Fastenal Company, WÃ1⁄4rth Industrie Service GmbH & Co. KG, REYHER, KELLER & KALMBACH GmbH, AB STEEL, Brunner Manufacturing Co., Inc. KD FASTENERS, INC., ckford Fastener, Inc., AMARDEEP STEEL, Viha Steel & Forging.
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