Greenhouse Horticulture Market size is expected to reach USD 67 Billion by the end of 2035, growing at a CAGR of 9% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of greenhouse horticulture was over USD 33 Billion.The market growth is primarily attributed to the growing demand for food in the world which in turn is to boost the horticulture practices all across the world. By 2050, the amount of grains consumed for human consumption and animal feed is expected to increase to over 3 billion tons from the current level of about 2.1 billion tons.
Apart from grains, and cereals, the demand for fruits and vegetables is also rising, therefore countries are expediting the fruit and vegetable production, which is expected to augment the greenhouse horticulture market growth. as greenhouse provides suitable environment for their successful growth. As of 2022, the fruit production by China was 150,000 million metric tons and nearly 83,000 million metric tons was produced in India. Furthermore, government efforts to plant more trees is to also anticipated the market growth. The state government of Uttar Pradesh, India, has aimed to increase the green coverage in the region by 15% till 2030, moreover, they also aim to plant 35 crore trees in 2022.
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
9% |
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Base Year Market Size (2022) |
USD 33 Billion |
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Forecast Year Market Size (2035) |
USD 67 Billion |
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Regional Scope |
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Growth Drivers
Challenges
Product (Edibles, Ornamental)
The global greenhouse horticulture market is segmented and analyzed for demand and supply by product into edibles and ornamentals. Out of the two segments, the edible segment is anticipated to hold the largest market size by the end of 2035. The segment growth is attributed to the increased production of crops, vegetables and fruits. The world's coarse grain output for 2022 is estimated to be 1462 million tons. Moreover, vegetable production on a global scale expanded dramatically between 2000 and 2020, rising from 682 million metric tons in 2000 to more than 1.15 billion metric tons in 2020. Furthermore, the segment growth is also expected on the back of rising hunger rate in the world. According to the UNICEF, around 46 million more people were impacted by hunger in 2020 than in 2020, and 150 million more since the COVID-19 pandemic epidemic, which brought the number of people suffering with hunger to 828 million in 2021 on the planet.
Our in-depth analysis of the global greenhouse horticulture market includes the following segments:
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By Product |
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By Cover Material |
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By Application |
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Regionally, the global greenhouse horticulture market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America is projected to hold the largest market share by the end of 2035. The market growth in North America is to grow on the account of expanding consumer demand for the cultivation of protected crops and the requirement to increase food production in the US. According to a study by the United States Department of Agriculture, specialty horticulture crops were sold in the U.S. in 2019 for a total of $13,778,944 million. Food crops worth $703,469 were planted under protection out of these. Moreover, higher adoption of greenhouse farming is to boost the market growth in the region. There are around 2,000 certified organic greenhouse vegetable farms out of the total amount, covering 460 acres. Moreover, the average sales of greenhouse vegetable sales per acre in the United States is around USD 280,000.
Ridder Climate Screens B.V. announced their latest creation HortOS. It is a co-system that Ridder created to assist businesses in using data to develop knowledge and digitize their horticulture operations. The platform provides access to operational and financial data from various crops, greenhouses, and locations in addition to multiple crops.
Trinog-xs (Xiamen) Greenhouse Tech Co., Ltd. joined forces with The Royal Horticultural Society to launch a five-year research project worth USD 1.2 million.
Author Credits: Shivam Bhutani, Anil Kumar
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