Portland, OR, July 12, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global greenhouse horticulture market accrued $32.3 billion in 2021, and is predicted to garner $65.0 billion by 2030, registering a CAGR of 7.8% from 2022 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
Rise in demand for food due to surging population drives the global greenhouse horticulture market growth. Furthermore, need of greenhouse technology for improving crop yield and rooftop farming trends has opened new growth opportunities for the market. Need for food in emerging economies such as Asia-Pacific and increase in demand for fresh food in the Middle-east regions has boosted popularity of greenhouse horticulture activities.
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COVID-19 Scenario
- The COVID-19 pandemic resulted in scarce supply of agriculture products, thereby impacting agricultural supply chain. This hindered the growth of greenhouse horticulture market.
- Strict implementation of social distancing norms disrupted the availability of the skilled workforce and this caused disruption in routine activities and delay in crop harvesting. This, in turn, hampered greenhouse horticulture activities.
The report offers detailed segmentation of the global greenhouse horticulture market based on the crop type, type, and region.
Based on the crop type, the fruits and vegetables segment accounted for the largest share of the market in 2021, contributing to more than half of the overall share of the global greenhouse horticulture market. Moreover, this segment is predicted to record the highest CAGR of 8.3% from 2022 to 2030. The report also analyzes the segments including nursery crops, flowers and ornamentals, and others.
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Based on type, the plastic greenhouse segment accounted for the largest share of the market in 2021, contributing to nearly three-fourths of the overall share of the global greenhouse horticulture market. Moreover, this segment is predicted to record the highest CAGR of 8.2% from 2022 to 2030. The report also analyzes the segments including glass greenhouse.
Based on the region, the Europe contributed toward the highest market share in 2021, accounting for more than two-fifths of the greenhouse horticulture market. However, the North America greenhouse horticulture market is set to register the fastest CAGR of 8.4% from 2022 to 2030.
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Key players profiled in the global greenhouse horticulture market research report are Netafim, Richel Group, Dalsem, Rough Brothers, Inc., Certhon, Sotrafa, Poly-Tex, Inc., Europrogress, Luiten Greenhouses, and Van der Hoeven Horticultural Projects BV.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
