Global greenhouse horticulture market expected to exceed US $26 billion by 2019, says Technavio

Renewable energy


This market research by Technavio segments the global greenhouse horticulture market by greenhouse type (plastic, glass, and others) and by geography (EMEA, Americas, and APAC). The report also includes an analysis of the key drivers, trends, and leading vendors, including Dalsem, Harnois Greenhouses, Netafim, Richel, and Van Der Hoeven.

Technavio’s market research analysts estimate the global greenhouse horticulture market to grow at a CAGR of around 8% between 2015 and 2019. Factors like the rising demand for horticulture products and advances in technology are boosting the market for greenhouse horticulture. EMEA dominates this market, occupying around 61% of the total market share. The rising adoption of greenhouse horticulture in European countries like Spain, Netherlands, and Italy is expected to foster market growth in this region during the forecast period.

The new market research report from Technavio provides a breakdown and analysis of the greenhouse horticulture segments by technology.

“Of late, the greenhouse horticulture production is witnessing increased use of computers and artificial intelligence techniques. This facilitates irrigation, automation, and environmental control, thereby increasing efficiency and productivity. Various technological advancements like intelligent greenhouses, floating greenhouses, and greenhouses that generate more energy than they consume are aimed at reducing the carbon emission rates,” says Navin Rajendra, Lead Analyst, Energy, Technavio Research.

The plastic greenhouse segment dominates the greenhouse horticulture market, accounting for around 80% of the total market share. The low cost and easy maintenance of plastic-type greenhouses is a major factor for this segment’s growth. This segment is expected to generate revenues worth US $20 billion over the next four years.

The major players in the global greenhouse horticulture market include Dalsem, Harnois Greenhouses, Netafim, Richel, and Van Der Hoeven. This market is highly competitive due to the presence of numerous large vendors like Dalsem Group and Harnois greenhouses. Since this market is in its initial growth stage, the adoption of advanced practices like the recent shift to bigger greenhouses, incorporation of lighting systems, and adoption of energy management practices are expected to result in market growth during the forecast period.

A more detailed analysis is available in the Technavio report, Global Greenhouse Horticulture Market 2015-2019.

We can customize reports by other regions and specific segments upon request.

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