Global Greenhouse Horticulture Market 2018-2022| 11% CAGR Projection Over the Next Four Years| Technavio

October 4, 2018

LONDON--(BUSINESS WIRE)--Oct 4, 2018--The global greenhouse horticulture market is expected to post a CAGR of nearly 11% during the period 2018-2022, according to the latest market research report by .

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Technavio has published a new market research report on the global greenhouse horticulture market for the period 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of this market are the improvements in CO2 extraction technologies for greenhouses. Plants need CO2 to produce glucose during the process of photosynthesis. The amount of CO2 available in the air is only 0.04% by volume. Greenhouses require additional CO2 to be given to the plant for increasing the yield, even with proper ventilation. CO2 can be extracted from the air using different techniques. Earlier techniques for achieving optimum levels of CO2 included capturing CO2 using biomass or geological engineering. A recent technique called direct air capture captures CO2 directly from the atmosphere.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the increasing relevance of LED growth lights in greenhouse horticulture as one of the key emerging trends in the global greenhouse horticulture market:

Global greenhouse horticulture market: Increasing relevance of LED growth lights in greenhouse horticulture

Natural sunlight is not sufficient for the development of plants inside a greenhouse especially during seasons, such as rainy, autumn, and winter, where the sunlight can be blocked by clouds. Furthermore, there are plants that photosynthesize when the day is long or short; these can be classified as long-day and short-day plants. Horticulture lighting solutions aim to induce photosynthesis in plants for these conditions by applications called photoperiodic and supplemental lighting.

“The horticulture lighting solutions started with sodium lamps back in 1995 and have evolved into LED solutions as of 2017. LEDs can be easily adjusted for the wavelength to fall into the PAR range. Compared to other light sources such as high-pressure sodium lamps, LEDs are safer to operate, produce lesser heat, last longer, and can be integrated into control systems to mimic sunrise, daylight, and sunset,” says a senior analyst at Technavio for research on power.

Global greenhouse horticulture market: Segmentation analysis

This market research report segments the global greenhouse horticulture market by product (plastic and glass) and geographical regions (APAC, EMEA, and the Americas).

The plastic segment held the largest market share in 2017, accounting for nearly 83% of the market. This product segment is expected to dominate the global market throughout the forecast period.

EMEA led the market in 2017 with a market share of nearly 63%. This region is expected to dominate the market through 2022, however, there will be a decrease in its market share by nearly 2%.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

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SOURCE: Technavio Research

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PUB: 10/04/2018 10:50 AM/DISC: 10/04/2018 10:50 AM


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