Global Greenhouse Horticulture Market Overview:
Greenhouse horticulture is the process of producing agricultural crops within a structured shelter to provide customized growing conditions to crops. Greenhouse structures are mostly made of plastic or glass. The development of plants inside a greenhouse, especially during rainy, autumn, and winter seasons is an agricultural fail-safe and an emerging back garden hobby. Natural sunlight is not sufficient for the development of plants inside a greenhouse especially during seasons, such as rainy, autumn, and winter, where the sunlight can be blocked by clouds. Furthermore, there are plants that photosynthesize when the day is long or short, these can be classified as long-day and short-day plants. Horticultural aims to induce photosynthesis in plants with the application of photoperiodic and supplemental lighting. The horticulture lighting solutions started with sodium lamps back in 1995 have evolved into LED solutions as of 2015. The evolution of LEDs in horticultural lighting solutions has led to a positive impact on the market.
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Global Greenhouse Horticulture Market Size and Geographical Analysis:
The global greenhouse horticulture market was valued at $1800 million in 2015 and is estimated to grow at a CAGR of 6% till 2023 to reach $28700 million. Geographically, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East and Africa. The market is also segmented into glass and plastic. The plastic segment held the largest market share in 2015, accounting for nearly 83% of the market and is expected to dominate in the forecasted period. North America and Asia Pacific are dominated by the plastic market. Because of frequent earthquakes in Japan, the glass greenhouse market is relatively stronger here. Europe led the market with nearly 63% market share in 2015. The European greenhouse is typically for ornamental plants. In Netherlands, it is for planting flowers. Therefore, this sector enjoys a leading international position.
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Some of the key manufacturers are: Dalsem, Industrial Harnois, Netafim, Richel Group, Van der Hoeven.
When compared to other lighting sources, LEDs are safer to operate, generates less heat, lasts longer and can be integrated into control systems. Thanks to factors like cost and lifespan, LEDs are more reliable than others. These lights can now be integrated with IoT, where it can collect data and can predict the weight of the products using machine learning algorithms. Owing to such advanced features, the usage of these LEDs has led to the greenhouse horticulture market’s growth. The high costs involved in the process are of course a restraining factor, however, the improvements in CO₂ extraction technologies for greenhouse has propelled the market forward substantially.
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