The High End Greenhouse Market was valued at US$ 1,693.1 Mn million in 2022, according to High End Greenhouse Market Report, 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 by Coherent Market Insights.
The global high end greenhouse market is expected to surpass US$ 3,025.1 million by 2030, exhibiting a CAGR of 5.2% during the forecast period (2023-2030). The rising adoption of hydroponic systems is driving the high end greenhouse market growth. Hydroponic greenhouses provide ample amount of sunlight and other necessary nutrients to the crops so as to maximize the photosynthetic performance of the plant and enable the crop to grow at a faster rate. Indoor farming in climate controlled hydroponic greenhouses can enable farmers to grow various crops in areas with unsuitable weather or soil conditions. According to Pure Greens Arizona LLC, a service provider for hydroponics systems, crops grown in hydroponics systems grow 30% to 50% faster than the same crops grown in the soil.
To know the latest trends and insights prevalent in this market, click on the link below:
https://www.coherentmarketinsights.com/market-insight/high-end-greenhouse-market-4573
Browse 25 market data tables* and 20 figures* on "High End Greenhouse Market” - Global Forecast to 2027.
Global High End Greenhouse Market - Impact of Coronavirus (COVID-19) Pandemic
COVID-19 has negatively impacted the high end greenhouse market since many greenhouse farm growers in 2020 lost majority of their yields. Many stores and restaurants were closed and could not sell their products. Though conventional ways of selling of products dropped during the lockdown, many producers found new ways to market their products safely to the public such as open air markets, drive through markets, and online markets. Nationwide lockdowns and social distancing measures implemented by leading countries, such as India, the U.K., Italy, Spain, Russia, Malaysia, Singapore, and U.S., negatively impacted the demand for new high end greenhouse projects. According to Coherent Market Insights’ analysis, covid-19 is owing to the delay in investments in such projects due to the vulnerability of the market. Additionally, as a second wave of the infection is still evident in countries across the globe, new investments in high end greenhouses are expected to be limited in 2021.
Key Trends and Analysis of the High End Greenhouse Market:
- Among regions, Asia Pacific accounted for a 45.9% market share in 2022. Rising government initiatives in the region are supporting the market growth. For instance, in January 2022, Greenhouse Megastoree, a wholesaler of commercial and amateur greenhouse buildings and related products, was taken over by BFC supply. The addition of GMS to BFG’s greenhouse product offerings and capabilities will raise service standards for customers in the horticulture business. In addition, in Canada’s International Development Research Centre developed a greenhouse with gutters that channel rainwater into storage tanks, capturing enough to meet 60 percent of irrigation requirements. Each greenhouse produces up to 6 tons of tomatoes per year.
Key Takeaways of the Market:
- Among product type, the tomatoes greenhouse segment held the largest revenue share of 38.2% in the global high end greenhouse market in 2022
- The major players operating in the global high end greenhouse market include Texas Greenhouse Company Inc., Nexus Corporation, Certhon, Dutch Greenhouse, Conley's Manufacturing and Sales, Netafim, The Toro Company, Nelson Irrigation, LumiGrow, Poly-Tex, Inc., United Greenhouse Systems, Inc., CMF Groupe, China Agrotime, Artigianfer srl, Atlas Manufacturing Inc., Rough Brothers, Inc., Ludy Greenhouse Manufacturing Corporation, Stuppy Greenhouse, The BARRE Company, Asthor Greenhouse Manufacturer, Ammerlaan Construction, Greenhouse Kenya Company, Grekkon Limited, Illuminum Greenhouse, Haygrove Limited, Sunmax Greenhouse, GGS Structures Inc., Rimol Greenhouse Systems, Idroterm Serre Srl, and MSC Invernaderos
- The key players operating in the high end greenhouse market are focusing on various strategies such as mergers and acquisitions in order to strengthen their market presence and expand their product portfolios
- For instance, in March 2021, a definitive agreement was signed by Netafim, a member of orbia community of companies and the supplier of irrigation solutions and agriculture projects, to purchase Dutch turnkey greenhouse project provider, Gakon
