Greenhouse Produce Market Size
The size of the Global Greenhouse Produce Market is estimated to grow at a CAGR of 9.12% from 2019 to 2025.
Greenhouse produce has appeared as a way to protect crops from adverse weather situations that make way for perennial production and the application of a mixed crop production & protection management approach for better control across pests and diseases. Besides supplying local markets, the production of greenhouse produce is greatly valued for its export potential and plays an essential role in the foreign trade balance of several national economies.
Development in urban population, rise in government initiatives that inspire the use of greenhouse produce, and improvements in genetically modified seeds are the circumstances that drive the growth of the global greenhouse produce market. Nevertheless, the intensification of greenhouse crop production has produced favourable conditions for many harmful pests and diseases that significantly improved the need for pesticide applications. Consequently, the market for pesticide-free products hampers the growth of the market.
Apparently, greenhouse produce is valuable than normal crops. This is especially because of the huge investments made by the producers, which shoots up the value of the produce. Even though this may pose as a challenge, the rising disposable personal income is enabling consumers to afford the fruits and vegetables which is significantly boosting the greenhouse produce market.
Damage and losses of crops or farms due to bad weather is a rampant situation in the world. But, greenhouse produce provides a separate environment for the farm in which the cultivation isn’t affected by the seasonal circumstances. While pesticides market is leveraging the fact that crop losses are largely attributed to bugs and predators, greenhouse produce remains guarded against the same. On the other hand, there are some beneficial bugs such as ladybugs that aid to the cultivation. Greenhouse produce holds these inside the plantation environment. These improvements that greenhouse product has over conventional cultivation is leading to growth possibilities in the greenhouse produce market.
This Research Report Segments the Greenhouse Produce Market into the Following submarkets:
Greenhouse Produce Market - By Type
- Leafy Vegetables
- Citrus Fruits
Greenhouse Produce Market - By Production
- In-ground soil culture
- Container culture
- Tissue culture
- Transplant production
Greenhouse Produce Market - By Packaging
- Super markets / hyper markets
- Farm communities
- Food Processing Companies
- Organic Stores
Greenhouse Produce Market – By Region
- North America - US, Canada, Mexico and Rest of North America
- Europe - UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe
- APAC - India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC
- Latin America - Brazil, Argentina, Chile and Rest of Latin America
- Middle East and Africa - KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA
The factor that is attributable to the increasing opportunities in North America is the fact that the customers are driven by quality and variety that is heading to a fairly favorable pricing scenario for the leading vendors and the blossoming companies in the greenhouse produce market. North America had the highest greenhouse produce market share of 40.0% in 2018.
In June 2018, the US greenhouse produces start-up BrightFarms obtained an undisclosed sum of money in a range of D equity financing for further development of its sustainable farms. This expansion is due to the market influx in the US greenhouse produce market.
In April 2019, Emerald’s Pure Sunfarms common venture acquired 1.10 million sq. ft. of land for greenhouse produce. This was done to improve production in order to fulfill the growing demand in the greenhouse produce market.
Some of the promising companies leading the Greenhouse Produce Market Profiled in the Report are:
- La Greenhouse Produce
- Mikes Greenhouse Produce Inc.
- Elk River Greenhouse and Vegetable Farms
- Loch’s Produce and Greenhouse Inc.
- Mitchell’s Greenhouse and Produce LLC
- Ricks Greenhouse and Produce Inc.
- Schmidt Greenhouse
- Nyboers Greenhouse and Produce
- Sun Parlour Greenhouse Co-Op
- Yanak’s Greenhouse Inc.