Greenhouse Market Insights And Navigating Challenges In Crop Production

The global greenhouse market, valued at $25.48 billion in 2022, is projected to grow at a rapid pace of 9.9% annually until 2030. Several factors are driving this growth, including rapid urbanization, increased adoption of modern farming techniques, and a rising global population leading to greater demand for food.

The decline in arable land worldwide has prompted a shift towards indoor agricultural practices, including greenhouse farming. Government interventions, such as subsidies, tariffs, and direct payments to growers, further support the market's growth.

Greenhouse farming offers numerous benefits, including protecting crops from severe weather through controlled environment agriculture technology. It enables increased production with reduced risks, year-round cultivation of crops like tomatoes, lettuce, and others, reduced food wastage, disease and pest prevention, prevention of agricultural runoff, and efficient cultivation in limited space. These advantages make greenhouse farming a promising solution to meet the growing global demand for food while addressing environmental challenges.

Gather more insights about the market drivers, restrains and growth of the Greenhouse Market

Type Segmentation Insights

The greenhouse market is divided into two main types: glass and plastic. The plastic segment is further categorized into polyethylene, polycarbonate, and polymethyl-methacrylate. In 2022, the plastic segment held the largest market share of approximately 58% and is expected to maintain its dominance throughout the forecast period. One of the key advantages of plastic greenhouses over glass greenhouses is their lower installation cost.

Among the plastic materials, polycarbonate accounted for the largest market share in 2022. Compared to regular glass, polycarbonate is more durable and shatter-resistant. Its sturdy panels can withstand harsh weather conditions like stones, wind, rain, snow, and other elements without damage. Additionally, polycarbonate greenhouses offer various shapes and designs, making them highly flexible and bendable without breaking.

The glass greenhouse segment is projected to experience the highest CAGR of 10.3% during the forecast period. Glass greenhouses are renowned for their strength, durability, and weight, ensuring long-lasting service. Their aesthetic appeal is another factor contributing to their popularity. The clarity of the glass, which can be maintained through regular cleaning, is a significant reason for their preference. The glass greenhouse segment is further divided into horticulture glass and others. Other types of glass used in greenhouses include float glass, tempered glass, laminated glass, and frosted/hammered glass.

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