Greenhouse Horticulture Market- 62% of Growth to Originate from Europe|Plastic Segment to be Significant for Revenue Generation|17000+ Technavio Reports – QNT Press Release


NEW YORK, June 21, 2022 /PRNewswire/ — The greenhouse horticulture market share is expected to increase by USD 17.49 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 7.25%.

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The greenhouse horticulture market is categorized by Technavio as a part of the global building products market. The greenhouse horticulture market research report provides valuable insights on the post-pandemic impact on the market, which will help companies evaluate their business approaches.

Greenhouse Horticulture Market: Key Drivers

The improvement in CO2 extraction technologies for greenhouses is driving the greenhouse horticulture market. CO2 is essential for plants to produce glucose during photosynthesis. The amount of CO2 available in the air is only 0.04% by volume. Greenhouses require additional CO2 for the plants to increase the yield along with proper ventilation. CO2 can be extracted from the air using different techniques. A recent technique called direct air capture captures CO2 directly from the atmosphere. The companies are developing advanced technology for the extraction of CO2. For instance, Climeworks has recently launched the world’s first commercial plant for CO2 capture from the atmosphere. The plant aims to capture about 900 tons of CO2 per annum and distribute it to greenhouses for better vegetable cultivation. As CO2 becomes cheaper, farmers can pump it into their greenhouses to improve the yield, thus enhancing their margins.

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Greenhouse Horticulture Market: Key Challenges

The high costs of greenhouses is expected to be a major hindrance to the greenhouse horticulture market during the forecast period. Building high-quality greenhouses for best yields requires high capital and operating expenses. Maintaining the characteristics of a greenhouse for desired plant growth requires a recurring expenditure on items such as plastic/glass roofing as well as climate control equipment such as fans, vents, heaters, and lighting systems. These will be treated as capital expenditure, which is a one-time expense. For instance, the average annual income of a farmer from a farm in the US was more than $23,700 and from other sources was about four times the farm income in 2018 according to the Farm Household Income and Characteristics research by the Economic Research Service of the USDA. On the other hand, the average cost of erecting a greenhouse varies from $5,000 to $25,000 for a low-end basic greenhouse or a high-end technology-equipped greenhouse. Although these can vary between regions, this shows that the annual farm income is comparable to constructing a greenhouse requiring substantial capital from a farmer.

Product Insights and News

The greenhouse horticulture market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. For instance, Certhon, a leading vendor, designs and builds greenhouses, technical systems, and growth chambers for the international greenhouse horticulture sector.

Vendor Insights

The report identifies the following as the dominant vendors in the market:

  • Certhon
  • Dalsem Greenhouse Projects BV
  • Netafim Ltd.
  • Priva Holding BV
  • Richel Group SAS
  • Ridder Drive Systems BV
  • Rough Brothers Inc
  • Top Greenhouses Ltd.
  • Van der Hoeven Horticultural Projects BV

Greenhouse Horticulture Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7.25%

Market growth 2021-2025

$9.41 billion

Market structure

Fragmented

YoY growth (%)

4.35

Regional analysis

Europe, North America, APAC, MEA, and South America

Performing market contribution

Europe at 56%

Key consumer countries

US, The Netherlands, China, Germany, and Spain

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Certhon, Dalsem Greenhouse Projects BV, Netafim Ltd., Priva Holding BV, Richel Group SAS, Ridder Drive Systems BV, Rough Brothers Inc, Top Greenhouses Ltd., and Van der Hoeven Horticultural Projects BV

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Europe’s Contribution to Greenhouse…

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