Greenhouse Industry Overview
The global greenhouse market size was valued at USD 25,481.1 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 9.9% from 2023 to 2030. The major factors attributed to the growth are rapid urbanization accelerating the adoption of modern farming techniques and the rising population leading to the increasing demand for food.
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In addition, the aspects such as the decline in arable land worldwide causing a shift towards indoor agricultural practices including greenhouses, and government interventions such as export subsidies, tariffs or import levies, and direct payments to growers, among others further bolstering the growth of the market.
Greenhouse farming offers protection to crops from severe weather conditions by using techniques such as controlled environment agriculture technology, where the facilities use climate control systems. It offers numerous benefits which include increased production with lesser risks, year-round growth of crops like tomato, lettuce, brassica family (broccoli, kale), allium family (green onions, leeks, chives), reduction in food wastage, disease & pest prevention, prevention of agricultural run-off, and adequate cultivation in limited space, among others.
The decline in arable land is probably due to the conversion of the land into new developments or constructions. To expand suburbs and meet the rising demand for homes, real-estate developers have been increasingly buying farmland which in turn is generating the need for modern agricultural growing techniques like hydroponics & aquaponics. These growing mechanisms do not need arable land and can be done in controlled environments further contributing to the growth of the target market.
For instance, according to the United States Department of Agriculture (USDA) in 2021 the U.S. lost 1.3 million acres of farmland. Further, in the U.S., the total farmland in 2020 was 896,600,000 acres which decreased to 895,300,000 acres in 2021. Thus, greenhouse farming is a viable option for crop production in a limited space. Moreover, according to the United States Department of Agriculture in 2020, the average production of tomatoes cultivated hydroponically in greenhouses was 10.59 pounds per square foot, compared to 1.85 pounds per square foot for tomatoes grown conventionally. Therefore, greenhouse farming can increase overall crop production.
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- The global indoor farming market size was valued at USD 37.9 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 13.2% from 2024 to 2030.
- The global polycarbonate market size was valued at USD 22,594.10 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 3.5% from 2023 to 2030.
Greenhouse Market Segmentation
Grand View Research has segmented the global greenhouse market based on type, offering, crop type, end-user, and region:
Greenhouse Type Outlook (Revenue, USD Million, 2017 - 2030)
- Glass Greenhouse
- Horticulture Glass
- Others
- Plastic Greenhouse
- Polyethylene
- Polycarbonate
- Polymethyl-methacrylate
Greenhouse Offering Outlook (Revenue, USD Million, 2017 - 2030)
- Hardware
- Climate control systems
- Lighting Systems
- Irrigation Systems
- Sensors
- Others
- Software
- Cloud-based
- Web-based
- Services
- System Integration & Consulting
- Managed Services
- Assisted Professional Services
Greenhouse Crop Type Outlook (Revenue, USD Million, 2017 - 2030)
- Fruits, Vegetables & Herbs
- Tomato
- Lettuce
- Bell and Chilli Pepper
- Strawberry
- Cucumber
- Leafy Greens (excluding Lettuce)
- Herbs
- Others
- Flowers & Ornamentals
- Perennials
- Annuals
- Ornamentals
- Others
Greenhouse End-user Outlook (Revenue, USD Million, 2017 - 2030)
- Commercial Growers
- Research and Educational Institutes
- Retail Gardens
- Others
Greenhouse Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Spain
- Asia Pacific
- China
- India
- Japan
- South America
- Brazil
- Middle East & Africa
Key Companies profiled:
- 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.
Key Greenhouse Company Insights
For instance, in April 2020, DENSO Corporation announced to invest in Certhon to collaboratively develop and provide solutions for the greenhouse. The investment aims at using the expertise of both companies to develop modern horticulture solutions. Additionally, in June 2018, Illumitex announced the launch of its new product HarvestEdge, which is a horticulture LED grow lighting system that can be efficiently used for indoor farming purposes including greenhouse farming.
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