Greenhouse produce refers to fruits and vegetables that are grown inside a greenhouse structure for commercial production and distribution. Greenhouses allow growers to control many of the environmental factors that affect crop growth such as temperature, humidity, carbon dioxide, irrigation and fertilizer application. This enables year-round production of crops and protection from adverse weather conditions. Some of the major greenhouse crops include tomatoes, cucumbers, bell peppers, lettuce, strawberries and herbs.

The global Greenhouse Produce Market is estimated to be valued at US$ 28 Bn in 2023 and is expected to exhibit a CAGR of 9.9%  over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:
Increasing demand for organic and pesticide-free food is a major driver fueling the growth of the greenhouse produce market. Consumers are increasingly preferring organic foods due to rising health concerns regarding consumption of food crops grown by using chemicals. This is encouraging farmers to adopt greenhouse farming techniques to grow crops organically under controlled conditions. Additionally, greenhouse farming allows year-round production of crops and protection from adverse weather events thereby ensuring consistent supply of fruits and vegetables. This helps reduce import dependency especially for off-season crops. However, high initial investment requirements for setting up greenhouse infrastructure could hinder market growth.

SWOT Analysis

Strength: The Greenhouse Produce Market Share  is expected to experience high growth driven by increasing demand for quality produce. Growing year-round produces boosts the yields and sales for farmers. Greenhouse facilities help control environmental factors like moisture, sunlight, temperature and allow producing fruits and vegetables irrespective of season.
Weakness: Initial investment required for setting up greenhouse infrastructure is substantial which may not be affordable for small and medium farmers. Higher operating costs for energy, labor and maintenance also poses challenges.
Opportunity: Rising health awareness is fueling demand for pesticide-free greenhouse produces. Governments of many countries offer subsidies and incentives for adopting greenhouse technologies to ensure food security. Advances in automation and IoT based smart greenhouses present an opportunity to lower production costs.
Threats: Weather uncertainties and natural calamities can adversely impact greenhouse crop yields. Stagnant farm incomes in some nations may deter investment in new greenhouse facilities. Trade barriers and geo-political tensions pose risks to export opportunities.

Key Takeaways

The global greenhouse produce market is expected to witness high growth. The Asia Pacific region currently dominates the greenhouse produce market owing to large cultivable land and cheap labor availability. Countries like China, India are the fastest growing markets and account for over 50% of the total regional market share. However European nations like Spain, Italy and Netherlands are also major producers and exporters of greenhouse fruits and vegetables globally.

Key players operating in the greenhouse produce market are Sotrafa,Berry Global,NETAFIM, Certhon,Richel Group SA,Stuppy Greenhouse,Logiqs B.V.,Argus Control Systems Ltd.,Poly-Tex, Inc.,The Glasshouse Company,Luiten Greenhouses BV,Agra Tech, Inc. Strategic collaborations, new product innovations and expansion into emerging markets will be the focus of these companies to strengthen their position in the rapidly growing greenhouse produce industry.

The global greenhouse produce market is witnessing shift towards automation and data driven farm management practices leveraging technologies such as HVAC systems, fertigation, climate control solutions, LED grow lights and sensors. This transition will boost yields, lower production costs and meet the year-round consumer demand for high quality fruits and vegetables. Asia Pacific region will continue dominating the global industry supported by various government initiatives and growing export opportunities.

 

Get More Insights On This Topic:  https://www.newsanalyticspro.com/the-global-greenhouse-produce-market-share-analysis/