High End Greenhouse MarketChallenges and Opportunities

High End Greenhouse Market, By Covering Material (Plastic, Glass, and Others), By Product Type (Tomatoes Greenhouse, Cucumber Greenhouse, Eggplants Greenhouse, Peppers Greenhouse, and Others), By Component Type (HVAC Systems, Control Systems & Sensors, Valves & Pumps, Irrigation System, Material Handling, LED Grow Lights, and Others), By Application (Residential and Commercial), and By Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Jul 2023

Code : CMI4573

Pages :110

Formats :

Excel and PDF

Industry : Agrochemicals

Market Challenges And Opportunities

High End Greenhouse Market: Growth Drivers

The growing demand for agricultural products

Growth in the population is expected to drive the demand for agricultural food products. In addition to the growing population, economic development in emerging economies will further drive the demand for agricultural products. For instance, according to Indian Ministry of Commerce & Industry, India’s agri exports crossed USD 50 billion for the year 2021-22 and it created matrix for 50 agricultural products with good export potential to help boost agri exports. Such factors are expected to drive the demand for agricultural products and subsequently drives the demand for high end greenhouses, as an increasing number of farmers are focusing on the use of modern technologies to increase harvest. Furthermore, greenhouse allows farmers to grow a range of crops throughout the year, even during the winter season when the intensity of sunlight received is low.

High End Greenhouse Market: Market Restraints

Lower durability of parts produced by additive manufacturing

High initial investments required to setup a high end greenhouse is expected to hamper the market growth over the forecast period. Greenhouses trap sunlight to provide crops a longer growing period. Plastic films used in greenhouses can lead to the excessive heating of greenhouses during the summer season (if temperature levels exceed the healthy levels and proper ventilation systems are not in place to control the temperature). Glass windows are the most effective material used for maintaining heat in a greenhouse and also allows the greenhouse to be ventilated when required. However, these are much costlier than plastic film alternatives. Even though glass has a longer life in greenhouse than its alternatives, their material and installation costs are much higher in comparison to their alternatives. There are, however, viable alternatives to offset the hefty initial expenditure necessary for a high-end greenhouse. To begin with, there is an increasing tendency towards government subsidies and grants to assist offset expenditures. Secondly, technological and material developments are consistently lowering the overall cost of greenhouse building. Finally, the long-term advantages of a high-end greenhouse, such as improved crop yields and longer growing seasons, can deliver a significant return on investment over time.