growing requirement for fresh food is driving the Greenhouse Market
Technavio analyzes that 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.There are various factors that contribute to the growth of the market. In today's world, there is an increasing demand for fresh and nutritious food. Greenhouses have emerged as a viable solution to meet this requirement, enabling the production of fresh fruits and vegetables all year round. These controlled environments allow for optimal growing conditions, ensuring high-quality produce and reducing the need for long-distance transportation. With advancements in technology, greenhouses are becoming more efficient and cost-effective, making them an essential component of modern agriculture.
The commercial greenhouse market caters to the demands of large-scale agriculture and horticulture industries through the provision of controlled environments for crop growth. These structures, equipped with advanced technologies like hydroponics and aquaponics, enable year-round cultivation and higher productivity. With systems for temperature, humidity, light intensity, and ventilation control, commercial greenhouses extend growing seasons, boost yields, and ensure consistent quality. Key agricultural sectors, including floriculture, vegetable production, and nursery crops, benefit from this segment's offerings. Limited space cultivation is optimized through these structures, while initial investment is offset by long-term cost savings and increased production efficiency. LED installation is a significant investment in energy-efficient lighting, further enhancing the overall productivity and sustainability of commercial greenhouses.
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Greenhouse Market Segmentation
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In response to urbanization, rising population, and increasing food demand, the use of greenhouses is on the rise. Arable land is becoming scarce, leading to the adoption of innovative farming methods such as hydroponics and aquaponics in greenhouse production. Greenhouses enable increased production, disease and pest prevention, and climate control, despite the initial investment and high maintenance costs. Export subsidies, tariffs, and import levies impact the profitability of greenhouse farming, with profitable crops including tomatoes and medicinal plants. Greenhouses come in various materials like glass, plastic (polyethylene, polycarbonate, polymethylmethacrylate), and are essential for limited space cultivation, reducing food wastage, and preventing farmland loss.
In the context of global urbanization and population growth, the demand for food production is escalating, putting pressure on the availability of arable land. Greenhouses offer a solution by increasing agricultural productivity through controlled environments. However, the implementation of greenhouse technology is influenced by various economic factors, including export subsidies and tariffs. These policies can impact the profitability and competitiveness of greenhouse farming businesses in the market.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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