Industry Background:
Greenhouse horticulture is the production of horticultural crops under, within or sheltered by structures to provide modified growing conditions and/or protection from pests, diseases, and adverse weather. It includes the use of greenhouses and glasshouses, shade houses, screen houses, and crop top structures. Controlled environment horticulture is the most recent and sophisticated form of greenhouse horticulture. It is sometimes also referred to as controlled environment agriculture. Controlled environment horticulture combines high technology greenhouses with hydroponic (soilless) growing systems. Controlled environment horticulture makes it possible to consistently and reliably control or manipulate the growing environment and effectively manage nutrition, pests, and diseases in crops.According to AMA, the market for Greenhouse Horticulture is expected to register a CAGR of 11.2% during the forecast period to 2025. This growth is primarily driven by Government Initiatives Promoting Greenhouse Horticulture, Increasing Urbanization, Increasing Demand for Healthy Food and Improvements in CO2 Extraction Technologies for Greenhouses.
Globally, a noticeable market trend is evident The Increasing Significance of LED Growth Lights in Greenhouse Horticulture. Major Vendors, such as Dalsem Horticultural Projects B.V. (Netherlands), Harnois Greenhouses (Canada), Netafim Ltd. (Israel), Richel Group S.A. (France), Vanderhoeven Greenhousebuilders BV (Netherlands), Certhon (Netherlands), Hort Americas LLC (United States), Rough Brothers Manufacturing, Inc. (United States), Trinog-xs (Xiamen) Greenhouse Tech (China) and VEK Adviesgroep (Netherlands) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 10 July 2018, Leading commercial horticultural suppliers Hort Americas, and smart sensing technology providers 30MHz have announced that they’ve partnered to bring the power of real-time, crop-level monitoring to growers across the United States, Canada. the Caribbean and Mexico. The company is the first North American distributor of 30MHz technology.
On 24 Oct 2017, Rough Brothers, Inc. (RBI) has announced the launch of HopsHouse, a single-solution greenhouse designed to optimize yields through integrated systems and precision farming. It is the initial single-solution hydroponic greenhouse for year-round hops growth and harvests, anywhere from 2-5 times a year. HopsHouse will provide breweries and growers a competitive advantage, supplying a fresher and more local product- straight from the bine to the brewery.
Market Drivers
- Government Initiatives Promoting Greenhouse Horticulture
- Increasing Urbanization
- Increasing Demand for Healthy Food
- Improvements in CO2 Extraction Technologies for Greenhouses
Market Trend
- The Increasing Significance of LED Growth Lights in Greenhouse Horticulture
Restraints
- High Costs Associated With Greenhouse Horticulture
Opportunities
Emerging Demand from Developed as well as Developing Countries
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