North America Greenhouse Horticulture Market 2019
A new report added to the online inventory of Wise Guys Reports (WGR) reveals that the North America greenhouse horticulture market is set to grow at a compound annual growth rate (CAGR) of 11.3% between 2018 and 2023. Also, the worldwide market for Greenhouse Horticulture is expected to expand greatly over the next few years and is anticipated to reach USD 41.84 billion by 2023.
Greenhouse horticulture is a process where the agricultural crops are produced within a structured shelter in order to provide the needed growing conditions to the crops. Most of the greenhouse structures are made using plastic followed by glass and other materials. The crops production can be prevented from diseases, pests, and various negative weather conditions as well.
Presently, Greenhouse horticulture production is popularly used over the conventional crop production techniques thus increasing the market size of North America Greenhouse Horticulture. Also this way the food is grown in a safer and healthier food thus increasing the demand of greenhouse horticulture.
The cost benefit of greenhouse horticulture is also viewed as a major market driver. This way is the safest forms of producing crops under the required weather conditions. Some other factors driving the overall growth of the North America greenhouse horticulture market is increasing population, increasing demand of food items, climatic changes, and unpredictable weather patterns. However, shortage of cold storage facilities can have an adverse effect on the greenhouse horticulture market.
North America Greenhouse Horticulture Market: Segmental Analysis
The segmental analysis of the market has been conducted based on type, manufacturers, application and countries. Some of the leading market players in the report include
By type, the market has been segmented into Glass Greenhouse, plastic greenhouse and others.
Based on application, the market has been segmented into vegetables, ornamentals, fruit and others.
North America Greenhouse Horticulture Market: Regional Analysis
On the basis of countries, the market has been segmented into United States, Canada, and Mexico. In these countries, government subsidies are offered for greenhouse farming which is a major reason for surge in demand of North America Greenhouse Horticulture. Also due to increasing urbanization, more buildings need to be constructed which resulted in shortage of space. Shortage of space resulted in the development of rooftop greenhouse in the region. During the forecasted time period, North America Greenhouse Horticulture market is expected to grow steeply. Also, the demand of horticulture products is much higher as compared to traditional agriculture products.
North America is the second-largest greenhouse horticulture market in terms of revenue and the trend is expected to continue over the forecast period. The report will further help to analyse the segment market in the US, Canada and Mexico, by manufacturers, type and application in a broader way.
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