Increased demand for protected crop cultivation promotes the Greenhouse Horticulture Market
Market overview:
The Greenhouse Horticulture Market was at 30 billion US dollars in 2020, and it is estimated that it will increase much further by 2025 at a CAGR of 9% during the conjecture period of 2020 to 2025.
Market Drivers and Restrains:
Increasing need for extending the cropping season in order to feed the growing population, improvements in CO2 extraction technologies for greenhouses and increased urban demand for horticultural production are some of the driving factors of Greenhouse Horticulture market. Rising adoption of greenhouse farming techniques and demand for food due to rising population in some emerging countries such as China and India, increasing awareness by various government and other associations in research and development for the new technological advancements in the field are some of the driving factors of Greenhouse Horticulture market. However, factors such as strict regulations from the government authorities are one of the major restraints effecting the growth of the greenhouse horticulture business.
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Report is segmented as:
The Greenhouse Horticulture market is segmented according to covering material, application, and product. Based on the covering material, the market is divided into plastic greenhouse and glass greenhouse. By application, the Greenhouse Horticulture market is segmented into edibles and ornamentals. By product, the market is segmented into wind break, shelter nets, horticulture twines, greenhouse films, and grow bags.
Geographical Segmentation:
Europe holds the major share of the market of Greenhouse Horticulture owing to the high adoption of greenhouse for the horticulture crop production. Also, unfavorable weather conditions in some of the countries such as UK, Germany and France propel the growth of the revenue rate in Europe region. Asia Pacific holds the second largest share of the market of Greenhouse Horticulture due to rising adoption of greenhouse farming techniques and growing demand for food due to rising population in the countries such as China and India in the area.
Impact of COVID-19 on Greenhouse Horticulture Market
Due to coronavirus pandemic, all the industries are facing a lot of financial crisis due to the halt of their businesses because of the lockdown imposed by the government authorities. Also, the companies related to Greenhouse Horticulture are also facing financial crisis due to the COVID-19 pandemic. As per the analysis, the Greenhouse Horticulture market is supposed to increase the market growth in the next few months with all the companies have already started their businesses since the lockdown situation has lifted in most of the countries and also due to the increasing of demand for digital products.
Key market players:
Major market players of Greenhouse Horticulture are: HortiMaX B V, Harnois Greenhouses, Priva B V, Ceres Greenhouse Solutions, Certhon, Richel Group, Hoogendoorn Growth Management B V, Certhon Inc, Dalsem Horticulture Projects B V, Van Der Hoeven, Oritech solutions, Netafim Ltd, Ridder Holding Harderwijk B V, Rough Brothers Inc
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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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