High end greenhouses are greenhouses that are installed with devices to control temperature, moisture, humidity, and other environmental parameters. These devices helps greenhouse to grow crops faster, more sustainably, and in almost every external conditions. The global high end greenhouse market is estimated to surpass US$ 85,136.6 million by the end of 2027 in terms of revenue, exhibiting a […]
Exploring the High-End Greenhouse Market: Insights and Forecast to 2027
High end greenhouses are greenhouses that are installed with devices to control temperature, moisture, humidity, and other environmental parameters. These devices helps greenhouse to grow crops faster, more sustainably, and in almost every external conditions. The global high end greenhouse market is estimated to surpass US$ 85,136.6 million by the end of 2027 in terms of revenue, exhibiting a CAGR of 8.9% during the forecast period (2020 to 2027).
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Drivers
According to statistics from the World Health Organization, the global population grew at a rate of 1.05% in 2020, and a similar growth of 1% is expected to be witnessed, during the forecast period between 2020 and 2027. Such growth in the population is expected to drive the demand for agricultural food products. In addition to the growing population, economic development in emerging economies will further drive the demand for agricultural products. For instance, in 2020, the World Bank announced that the Tanzanian economy moved from a low income economy to a lower middle income economy, as the gross national income for the country increased from US$ 1,020 in 2018 to US$ 1,080 in 2019. Such factors are expected to drive the demand for agricultural products and subsequently drive the demand for high end greenhouse, as an increasing number of farmers are focusing on the use of modern technology to increase harvest.
Market Trends
The increasing demand for organic and localized agricultural products is expected to drive demand for high end greenhouse. Locally produced vegetables and fruits spend the least time period between harvest and consumption, and this substantially keeps the nutritional value of the product intact. Furthermore, locally produced food also reduces the transportation cost, product cost, and also supports the local economy. According to data from the World Association of Chefs Society, locally produced organic products also tend to taste better than products imported from other regions.
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Competitive Section
Key players operating in the global high end greenhouse market include Texas Greenhouse Company Inc., Nexus Corporation, Certhon, Dutch Greenhouse, Conley’s Manufacturing and Sales, Netafim, The Toro Company, Nelson Irrigation, LumiGrow, Poly-Tex, Inc., United Greenhouse Systems, Inc., CMF Groupe, China Agrotime, Artigianfer srl, Atlas Manufacturing Inc., Rough Brothers, Inc., Ludy Greenhouse Manufacturing Corporation, Stuppy Greenhouse, The BARRE Company, Asthor Greenhouse Manufacturer, Ammerlaan Construction, Greenhouse Kenya Company, Grekkon Limited, Illuminum Greenhouse, Haygrove Limited, Sunmax Greenhouse, GGS Structures Inc., Rimol Greenhouse Systems, Idroterm Serre Srl, and MSC Invernaderos.
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