Greenhouse Market is expected to reach a revenue of USD 78.7 Bn by 2033, at 10.3 % CAGR | Dimension Market Research
The future of greenhouses looks promising, with higher adoption of advanced technologies like AI, automation, and renewable energy. As the need for sustainable and high-yield farming grows, greenhouses will play a vital role in addressing food security and climate challenges, providing year-round production and efficient resource use, mainly in urban and climate-sensitive regions.
New York, Feb. 03, 2025 (GLOBE NEWSWIRE) — Overview:
The Greenhouse Market size is expected to reach USD 32.6 billion by 2024 and is further anticipated to reach USD 78.7 billion by 2033 according to Dimension Market Research. The market is anticipated to register a CAGR of 10.3% from 2024 to 2033.
A greenhouse is a house made of glass that can be used to cultivate plants. The sun’s radiations warm the plants & the air inside the greenhouse. The heat is captured inside and can’t escape out & warms the greenhouse which is vital for the growth of the plants. The same is the case in the earth’s atmosphere.
Click to Request Sample Report and Drive Impactful Decisions: https://dimensionmarketresearch.com/report/greenhouse-market/request-sample/
The US Overview
The Greenhouse Market in the US is projected to reach USD 8.5 billion in 2024 at a compound annual growth rate of 9.7% over its forecast period.
The U.S. greenhouse market is expanding due to higher demand for locally grown, fresh produce and advancements in smart agriculture technologies. Consumers’ aim for sustainability and organic farming is driving the adoption of greenhouse solutions, assisted by government incentives for sustainable practices. However, growth faces challenges from high initial costs and energy expenses. Balancing these factors is vital as the industry look to grow sustainably and affordably.
Important Insights
- The Greenhouse Market is expected to grow by USD 43.1 billion by 2033 from 2024 with a CAGR of 10.3%.
- The plastic greenhouse is projected to lead in 2024 with a major & is anticipated to dominate throughout the forecasted period.
- The hardware segment is set to lead the Greenhouse market in 2024.
- The commercial growers segment is anticipated to get the largest revenue share in 2024 in the Greenhouse market.
- Europe is predicted to attain a 33.5% share of revenue in the Global Greenhouse Market in 2024.
Global Greenhouse Market: Trends
- Automation and Robotics: Higher usage of automated systems & robotics for planting, harvesting, and maintenance.
- Hydroponics and Aquaponics: Increasing popularity of soilless farming techniques for higher efficiency & less resource use.
- Renewable Energy: Integration of solar & other renewable energy sources to minimize carbon footprints and energy costs.
- Data-Driven Farming: Usage of IoT and big data to monitor and optimize growing conditions and crop performance.
Greenhouse Market: Competitive Landscape
The global greenhouse market is highly competitive, with companies aiming for technological innovation and R&D in climate control, automation, and energy efficiency. To gain an advantage, firms engage in strategic partnerships, mergers, and acquisitions, focused on expanding their presence and providing integrated solutions for commercial growers and emerging markets.
Some of the major players in the market include Signify Holdings, Berry Global, Sotrafa, Logips B.V., Certhon, Agra Tech, and more.
Some of the prominent market players:
- Signify Holdings
- Berry Global
- Sotrafa
- Logips B.V.
- Certhon
- Agra Tech
- Hort Americas
- Richel Group
- Stuppy Greenhouse
- NETAFIM
- Other Key Players
Transform your business approach with strategic insights from our report. Get in touch to request our brochure today at https://dimensionmarketresearch.com/report/greenhouse-market/download-reports-excerpt/
Greenhouse Market Scope
Report Highlights | Details |
Market Size (2024) | USD 32.6 Bn |
Forecast Value (2033) | USD 78.7 Bn |
CAGR (2024-2033) | 10.3% |
The US Market Size (2024) | USD 8.5 Bn |
Europe Revenue Share (2024) | 33.5% |
Historical Data | 2018 – 2023 |
Forecast Data | 2024 – 2033 |
Base Year | 2023 |
Estimate Year | 2024 |
Segments Covered | By Type, By Offering, By Crop Type, By End User |
Regional Coverage | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
Segment Analysis:
The commercial growers segment is anticipated to dominate the greenhouse market in 2024, driven by its popularity due to better control over growing conditions and increased crop yields. These growers are adopting greenhouse farming to use the latest agricultural technologies and trends, bolstered by government support such as subsidies, like India’s NHB’s 50% subsidy on greenhouse projects.
In addition, research & educational institutes are set to grow rapidly, developing greenhouse technology and providing important hands-on training in modern agricultural techniques, supporting both students and farmers in this evolving field.
Greenhouse Market Segmentation
By Type
- Glass Greenhouse
- Horticulture
- Others
- Plastic Greenhouse
- Polycarbonate
- Polymethyl-methacrylate
- Polyethylene
By Offering
- Hardware
- Sensors
- Irrigation System
- Lighting System
- Climate Control Systems
- Others
- Software
- Cloud-based
- Web-based
- Services
- System Integration & Consulting
- Managed Services
- Assisted Professional Services
By Crop Type
- Fruits
- Vegetables & Herbs
- Flower & Ornamentals
- Others
By End User
- Retail Gardens
- Commercial Growers
- Research & Educational Institutes
- Others
Purchase the Competition Analysis Dashboard Today at https://dimensionmarketresearch.com/checkout/greenhouse-market/
Global Greenhouse Market: Driver
- Sustainable Practices: Growing adoption of eco-friendly & sustainable growing methods to meet consumer needs for environmentally responsible products.
- Technological Advancements: Integration of advanced technologies like automation, climate control systems, and LED lighting to improve efficiency & productivity.
- Urbanization: The rise in urban areas is driving the need for local, space-efficient food production solutions.
- Consumer Demand: Public interest in fresh, organic, and locally-grown produce is boosting the market for greenhouse-grown crops.
Global Greenhouse Market: Restraints
- High Initial Costs: A high capital investment is required for setup and technology.
- Energy Consumption: High energy demands for climate control and lighting can create increased operational costs.
- Pest and Disease Management: Challenges in managing pests & diseases within controlled environments.
- Regulatory Constraints: Compliance with changing regulations and standards can complicate operations and increase costs.
Global Greenhouse Market: Opportunities
- Vertical Farming: The growth of vertical farming techniques to maximize space & yield in urban areas.
- Climate Resilience: Ability to grow crops year-round and reduce climate-related disruptions to agriculture.
- Consumer Trends: Growing demand for specialty and organic produce is opening new market segments.
- Technological Integration: Adoption of smart technologies & data analytics to optimize increase in conditions and improve efficiency.
Click to Request Sample Report and Drive Impactful Decisions at https://dimensionmarketresearch.com/report/greenhouse-market/request-sample/
Regional Analysis
Europe is set to lead the greenhouse market in 2024, capturing about 33.5% of revenue, with strong growth projected throughout the forecast period, which is due to the growing population and limited arable land, as traditional farming struggles to meet demand.
Greenhouse farming provides a viable solution by improving land use and ensuring consistent crop yields. Also, the Asia Pacific region is expected to see the fastest growth by 2033, driven by food security needs and high-yield farming techniques, with countries like Australia, Indonesia, and India, along with major players like Japan, Taiwan, China and South Korea, advancing greenhouse technology.
By Region
North America
- The U.S.
- Canada
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
Recent Developments in the Greenhouse Market
- August 2024: KUBO launched a changing cultivation strategy: CO2 Negative Cultivation, which creates a path towards sustainable horticulture & contributes to global efforts to combat climate change, and can transform horticulture from a CO2 emitter to a CO2 reducer.
- August 2024: Helle-Tech Oy and Bloemteknik (Bloem) build a partnership to develop modular adjustable LED fixtures designed particularly for high wire and leafy green growers.
- June 2024: Rijk Zwaan unveils the building of its newest breeding greenhouse in Dinteloord, the Netherlands, which is dedicated to R&D related to new berry varieties.
- February 2024: Bosch Berries revealed its plan to locate its first location in the United States right here in the commonwealth speaks volumes about what our state has to offer, which move uses the pre-existing greenhouse infrastructure to improve growing environments and implement new technologies.
- December 2023: The Union Territory of Ladakh in India announced to building of 1,875 eco-friendly greenhouses with a total cost of INR 43.78 crore
Browse More Related Reports
The Global 1-Decene market is estimated to be valued at USD 724.6 million in 2023 and is anticipated to reach USD 1,309.7 million by 2032, achieving a Compound Annual Growth Rate (CAGR) of 7.0% from 2023 to 2032.
The Global Narrow Range Ethoxylates Market is expected to reach a value of USD 5,858.4 million in 2023 and is poised to exhibit a robust CAGR of 7.5% for the forecast period (2023-2032.
The Global Biochar Market reached USD 604.9 million in 2023 and is expected to reach USD 2,093.5 million in 2033 while having a CAGR of 13.2% during the forecast period.
The Global Specialty Fuel Additives Market is expected to stand at a value of USD 11.3 billion in 2023 and is anticipated to grow with a projected Compound Annual Growth Rate (CAGR) of 10.4% for the forecast period (2023-2032).
The Global Market for Ethylene Propylene Diene Monomer (EPDM) is expected to reach a value of USD 5.1 billion in 2023 and is poised to exhibit a robust CAGR of 6.1% for the forecast period (2023-2032).
The Global Medical Fluoropolymers Marketis expected to reach a value of USD 513.3 million in 2023 while experiencing a significant CAGR of 7.4% for the forecast period (2023-2032).
The Global Plastic Compounding Market size is expected to reach a value of USD 72.3 billion in 2023 and is anticipated to grow with a compounded annual growth rate of 8.3% for the forecasted period (2023-2032).
The Global Intermediate Bulk Container (IBC) Liner Market is expected to reach USD 1,057 million in 2023 and grow at a CAGR of 5.9% by 2032.
The Global Carbon Dioxide Market is estimated to reach a value of USD 11,417.7 million in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 5.7% for the forecasted period (2023-2032).
The Global Plastic Market is expected to reach the value of USD 668.2 billion in 2023, with a compound annual growth rate of 4.4% for the forecasted period (2023-2032).
About Dimension Market Research (DMR):
Dimension Market Research (DMR) is a market research and consulting firm based in India & US, with its headquarters located in the USA (New York). The company believes in providing the best and most valuable data to its customers using the best resources analysts into work, to create unmatchable insights into the industries, and markets while offering in-depth results of over 30 industries, and all major regions across the world. We also believe that our clients don’t always want what they see, so we provide customized reports as well, as per their specific requirements to create the best possible outcomes for them and enhance their business through our data and insights in every possible way.
CONTACT: Contact Us: Website - https://dimensionmarketresearch.com/ Email- enquiry@dimensionmarketresearch.com Call us- +1 732 369 9777, +91 88267 74855
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. IndiaShorts takes no editorial responsibility for the same.