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 “[URL=https://industryarc.com/PressRelease/980/Greenhouse-Produce-Market-Research.html]Greenhouse Produce Market[/URL]: 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),”
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.
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 product 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.
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Global Greenhouse Produce Market: Market Trends and Growth Drivers
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.
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.
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.
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.’
Keeping the gut healthy is one of the most adaptive trends in the market which is also being called adopting a gut-friendly diet.
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.
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