HIGH END GREENHOUSE MARKET ANALYSIS

Regional Analysis

High End Greenhouse Market: Regional Analysis

Among regions, Asia Pacific held the dominant position in the global high end greenhouse market in 2022, accounting for 45.9% of the market share in terms of revenue, followed by Europe and Africa. Increasing number of high tech greenhouses in the region are expected to boost the growth of the market. The number of high-tech greenhouses in Asia Pacific has increased, which is likely to enhance the market growth. The growing use of innovative technologies such as automation, climate control systems, and LED lighting, have aided in the improvement of crop quality and output throughout Asia Pacific. Furthermore, the region's favorable climatic conditions and growing emphasis on sustainable agriculture practices have aided the expansion of the high end greenhouse sector. Europe is falling behind Asia Pacific in terms of market share, owing to developments in horticultural technology and the rising demand for quality crop output annually. Africa also captures a substantial part of the high end greenhouse market owing to favorable government efforts, expanding greenhouse farming investments, and the need for food security in the region.

Figure 1. Global High End Greenhouse Market Revenue Share (%), By Region, 2022