In recent times, there has
been immense advancement and transformation in genetically modified seeds which
have been driving the global greenhouse produce market. Furthermore, there are
other factors such as disposable income, rise in the go green initiative, and
increasing urban population which has been fueling the market according to a
business intelligence report published by IndustryARC. As per the findings of
the analyst, owing to these factors, the global greenhouse produce market was
valued at $5.3billion in 2018. The market demand is foreseen to rise at a
compound annual growth rate (CAGR) of 9.10% during the forecast period of 2019
to 2025.
The IndustryARC’s latest
business intelligence report titled “Greenhouse Produce Market: By Type
(Vegetables, Fruits, Flowers, Herbs); By Irrigation (Soil & Culture,
Transplant Production, Hydroponics); By Distribution Channel (Super Markets,
Farm Communities, Food Processing) – Forecast (2019 - 2025),” also states that
the growth in the end users and distribution channel is bolstering the
greenhouse produce market demand.
Global Greenhouse Produce Market: Leading Segments
North America has been
observed for having the largest dominance in the global greenhouse produce
market with a regional market share of 40% in 2018. Owing to the increasing
demand for sheltered greenhouse crops, the demand for multiwall sheets of
polycarbonate material and polyethylene film or Polymethyl methacrylate (PMMA)
acrylic glass is also increasing simultaneously. In North America, the major contribution
is from the United States and Canada with tomatoes being the most common and
widely produced crops in these two countries, which is then followed by
cucumber, head lettuce, and salad mix.
Furthermore, the key
application segment is vegetable: by produce type in the greenhouse produce
market. This application segmented is deemed to grow at a healthy CAGR of 8.70%
during the aforementioned forecast period.
Global Greenhouse Produce Market: Market Trends and Growth Drivers
•The most important growth
driver is the use of limited land, labor, and water. The demand for more
intensive production of crops is increasing continuously and driving market
growth.
•The Regional government has
also started taking initiatives for developing more greenhouse production
units. In Canada, the government has launched a new program “Greenhouse
Competitiveness and Innovation Initiative” (GCII). They fund the projects and
support the farmers to enter the market. [1]
•In India, the farmers have
started to follow a new therapy to keep their crops healthy and fresh: use of
greenhouses to conserve water and protect crops. They make their greenhouse by
using aluminum-coated cloth netting that reflects the sunlight by reducing the
temperature inside which is breathable for crops. [2]
•The use of hydroponics is in
the market for decades, but recently it has been observed that there has been
extensive use of hydroponics trails. For instance, Walt Disney Farm is also using
hydroponic testing for vegetables grown and are showing the result to the
visitors. This has benefited both the tourism as well as the greenhouse produce
market. [3]
•There is a huge demand for
small-sized fruits and vegetables in the market. The farmers have started to
focus more on small-size crops due to which the edibles are being bred in
smaller sizes and sold with attractive names such as ‘mini love watermelons’, ‘butterscotch
squash’, and ‘cutie pie peppers.’
•There is an increasing
concept of “going green” which has been influencing the people to become vegan,
due to which the demand for greenhouse produce market has risen in three to
four years. Especially in U.S., people have started to avoid meat and prefer
fruits and vegetables. This has provided considerable impetus to the market and
increased demand for organic produce from greenhouses.
•Keeping the gut healthy is
one of the most adaptive trends in the market which is also being called adopting
a gut-friendly diet. Additionally, due to rising heat in the world, beverage
companies are introducing newer products such as Kombucha which is another
trend in the market. It is a non-alcoholic specialty drink made up of ginger
and fizzy in taste, and only tastes best when made out of organic produce.
Global Greenhouse Produce Market: Competitive Landscape
Some of the key companies
identified in the report that are currently holding majority shares in the
global greenhouse produce market are Greenhouse Produce Company LLC, Devry
Greenhouse Ltd, Loch's Greenhouse, GGS Structures Inc., Four Seasons Greenhouse
and Nursery, Inc., Mikes Greenhouse Produce, Inc, Mitchell?s Greenhouse and
Produce LLC, and Venlo AP HOLLAND Group.
Talk
to one of our sales representative about the full report by providing your
details in the link below:
https://www.industryarc.com/support.php?id=15214
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https://www.industryarc.com/Report/18141/organic-farming-market.html
What can you expect from
the report?
The greenhouse produce market is prepared with the main agenda to cover the following 20 points:
1. Market Size by
Product Categories & Application
11. Demand Analysis (Revenue & Volume)
2. Market trends &
Relevant Market Data 12. Country level Analysis
3. Manufacturer
Landscape 13. Competitor Analysis
4. Distributor Landscape
14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user
Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market
Landscape Analysis
9. Mergers &
Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
Frequently Asked
Questions:
Q. Does IndustryARC
provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize
the report by extracting data from our database of reports and annual
subscription databases. We can provide the following free customization:
1. Increase the level of
data in application or end user industry.
2. Increase the number
of countries in geography chapter.
3. Find out market
shares for other smaller companies or companies which are of interest to you.
4. Company profiles can
be requested based on your interest.
5. Patent analysis,
pricing, product analysis, product benchmarking, value and supply chain
analysis can be requested for a country or end use segment.
Any other custom
requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting
services.
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[1]https://startupheretoronto.com/partners/mentor-works/greenhouse-competitiveness-innovation-initiative/
[2]https://www.nationalgeographic.com/environment/future-of-food/telangana-india-agriculture-greenhouses/
[3]https://gpnmag.com/article/10-trends-in-edibles-for-2019/