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 ventilation, plant nutrition levels, water intake, and sunlight requirements for specific plant species. By automating these processes, greenhouse growers can optimize agricultural yield, reduce labor costs, and ensure consistent crop quality. The greenhouse market is poised for significant growth during the forecast period due to the increasing adoption and implementation of these innovative 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 |
fragmentation |
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YoY growth 2023-2024(%) |
9.21 |
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Key countries |
US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, Rest of World (ROW), 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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In the context of the Greenhouse Market, the increasing population and food demand put pressure on the availability of arable land. To meet this demand, greenhouse farming has emerged as a solution, with export subsidies and import levies playing a role. Direct payments and climate control systems boost production, while reducing food wastage, disease, and pests. Glass and plastic greenhouses offer limited space cultivation in areas with farmland loss. Despite initial investment and LED installation costs, profitable crops like tomatoes, medicinal plants, and those requiring climate control can offset these expenses. However, high maintenance costs and the challenges faced by low-income farmers limit widespread adoption.
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 integrate Smart Farming technology and Agricultural Automation, ensuring Climate-Controlled Cultivation and optimal Crop Yield. We cater to Organic Farming solutions, Urban Agriculture, and Indoor Plant Production, delivering high-quality produce using the latest Sustainable and Indoor Farming Solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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