The Greenhouse Market is being driven by Growing requirement for fresh food
The Greenhouse Market is expected to grow at a CAGR of 9.65% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 21.89 billion. Greenhouse automation, driven by advanced technologies such as water sensors and sunlight monitors, enables precise management of indoor climate conditions. This includes controlling variables like ventilation, plant nutrition levels, water intake, and sunlight requirements for specific plant species. Automation also facilitates accurate yield determination. Consequently, the greenhouse market is poised for growth during the forecast period due to the increasing adoption and implementation of these sophisticated greenhouse automation solutions.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
169 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.65% |
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Market growth 2024-2028 |
USD 21.89 billion |
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Market structure |
market_structure.ucfirst |
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YoY growth 2023-2024(%) |
9.21 |
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Key countries |
US, Canada, China, UK, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Greenhouse Market is experiencing growth due to urbanization and rising population demands for food. Arable land is becoming limited, leading to the adoption of greenhouses for increased production. Export subsidies, tariffs, and import levies influence market dynamics. Climate control systems ensure disease and pest prevention, reducing food wastage. Hydroponics and aquaponics offer solutions for limited space cultivation. However, initial investment and high maintenance costs are challenges for low-income farmers. Profitable crops like tomatoes, medicinal plants, and those grown in glass, plastic, or polyethylene, polycarbonate, or polymethylmethacrylate greenhouses contribute to the market.
In the realm of modern agriculture, Greenhouse Market offers innovative solutions for Controlled Environment Agriculture (CEA) through advanced hydroponics systems and vertical farming technology. Our sustainable farming practices employ climate-controlled cultivation and smart farming technology for optimal crop yield. Organic farming solutions, urban agriculture, and indoor plant production are also integral components of our offerings. With automated irrigation systems and vertical crop production, we ensure efficient use of resources and reduced environmental impact. Our focus on agricultural automation and sustainable practices sets us apart as a leading provider in the industry.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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