(MENAFN- GlobeNewsWire - Nasdaq) The Global High-End Greenhouse market Size was Valued at USD 1.80 Billion in 2023 and the Worldwide High-End Greenhouse Market Size is Expected to Reach USD 3.76 Billion by 2033, according to a research report published by Spherical Insights & Consulting. Companies covered: Kubo, Van Der Hoeven, Dalsem, Gakon Netafim, Rough Brothers, Texas Greenhouse Company, Dutch greenhouses, Stuppy, Inc, Nexus, Texas Greenhouse Company Inc., Nexus Corporation, Certhon, Dutch Greenhouse, Conley's manufacturing and Sales Netafim, The Toro Company, Nelson Irrigation, and Others.
New York, United States , Aug. 20, 2024 (GLOBE NEWSWIRE) -- The Global High-End Greenhouse Market Size is to Grow from USD 1.80 Billion in 2023 to USD 3.76 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 7.6% during the projected period.
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High-end greenhouses are beneficial for the crops and the environment. The environmental controls are primarily automated. It offers opportunities for both economic and ecological sustainability. The use of pesticides can be significantly reduced. High-end greenhouses are not only eye-catching but also increasingly contributing to the potential of global agriculture. Although these greenhouses need a large initial outlay, they offer a highly lucrative and sustainable chance for a state-of-the-art fresh produce enterprise. When making investment selections, high-tech greenhouses should be erected whenever possible. Furthermore, it is anticipated that as the population grows, there will be a greater need for agricultural food products. In addition to population increase, economic development in emerging economies will fuel the demand for agricultural products. Furthermore, it is anticipated that as more farmers focus on implementing modern technology to boost harvest, demand for agricultural products will rise, fueling demand for posh greenhouses. Furthermore, growers can grow a range of crops year-round in greenhouses, particularly during the winter when sunlight intensity is lower. However, the high initial costs associated with a high-end greenhouse are expected to impede market expansion for the duration of the forecast period.
Browse key industry insights spread across 260 pages with 110 Market data tables and figures & charts from the report on the " Global High-End Greenhouse Market Size, Share, and COVID-19 Impact Analysis, By Crop Type (Fruits, Vegetables, Floriculture, and Others), By Vegetable (Cucumbers, Peppers, Tomatoes, and Others), By Application (Residential and Commercial), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The vegetables segment is anticipated to hold the greatest share of the global high-end greenhouse market during the projected timeframe.
Based on the crop type, the global high-end greenhouse market is divided into fruits, vegetables, floriculture, and others. Among these, the vegetable segment is anticipated to hold the greatest share of the global high-end greenhouse market during the projected timeframe. The main advantages of covered culture over outdoor vegetable cultivation are better product quality and increased input efficiency of water, fertilizers, and crop protection agents (physical consumption compared to output level). In addition, sheltered agriculture is less dependent on weather and ensures timely produce delivery. Vegetables grown in greenhouses are significantly more beneficial than those grown outdoors or in open spaces due to they can be stored for a much longer period especially when artificial lighting is used.
The tomatoes segment is expected to grow at the fastest pace in the global high-end greenhouse market during the projected timeframe.
Based on the vegetables, the global high-end greenhouse market is divided into cucumbers, peppers, tomatoes, and others. Among these, the tomatoes segment is expected to grow at the fastest pace in the global high-end greenhouse market during the projected timeframe. The significant rise in tomato consumption in the tropics is one of the causes pushing the development of production strategies and tactics to meet demand both domestically and internationally. Tomatoes are becoming more and more vital for the security of food and nutrition, thus many tropical countries have expanded the area on which they cultivate them to meet local demand and, in certain cases, earn foreign cash. Across the world, tomatoes have been successfully produced utilizing a range of production methods.
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Asia Pacific is expected to hold the largest share of the global high-end greenhouse market over the forecast period.
Asia Pacific is expected to hold the largest share of the global high-end greenhouse market over the forecast period. There are currently more high-tech greenhouses in the Asia Pacific, which should aid in market growth. Asia Pacific is seeing an increase in the usage of advanced technology to boost crop productivity and quality, such as climate control systems, automation, and LED lighting. Due in part to the region's perfect climate and growing emphasis on sustainable agriculture practices, the high-end greenhouse business has expanded. Due to the yearly increase in demand for high-quality crop output and the advancements in horticulture technology.
North America is predicted to grow at the fastest pace in the global high-end greenhouse market during the projected timeframe. Grow into a powerful force in greenhouse agriculture as a result of numerous crucial factors. North America's dominance is largely due to its superior agricultural infrastructure and technical prowess. Due to developments in greenhouse design, climate control systems, and sustainable farming practices, the region is well known for its robust industrial ecology. In North America, high-end greenhouses are equipped with contemporary amenities including energy-efficient lighting options, sophisticated irrigation systems, and digital climate control.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global High-End Greenhouse Market include Kubo, Van Der Hoeven, Dalsem, Gakon Netafim, Rough Brothers, Texas Greenhouse Company, Dutch Greenhouses, Stuppy, Inc, Nexus, Texas Greenhouse Company Inc., Nexus Corporation, Certhon, Dutch Greenhouse, Conley's Manufacturing and Sales Netafim, The Toro Company, Nelson Irrigation, and Others.
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Recent Developments
In July 2024 , Maastricht University built a brand-new research greenhouse that is located on Brightlands Campus Greenport Venlo. Research on everything from crop optimization and healthy nutrition optimization to plant development and innovative cultivation techniques will take place in this cutting-edge greenhouse starting.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global High-End Greenhouse Market based on the below-mentioned segments:
Global High-End Greenhouse Market, By Crop Type
Fruits Vegetables Floriculture Others
Global High-End Greenhouse Market, By Vegetable
Cucumbers Peppers Tomatoes Others
Global High-End Greenhouse Market, By Application
Global High-End Greenhouse Market, Regional Analysis
North America Europe Germany Uk France Italy Spain Russia Rest of Europe
Asia Pacific China Japan India South Korea Australia Rest of Asia Pacific
South America Brazil Argentina Rest of South America
Middle East & Africa UAE Saudi Arabia Qatar South Africa Rest of the Middle East & Africa
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