Enhanced Yield Produce From Greenhouse Horticulture to Trigger Growth
Concept of greenhouse horticulture involves high control on parameters such as temperature, humidity, carbon dioxide and light in order to provide a customized and adaptive growth environment to plants. Given this control on the growth environment of crops, producers can manage to gain enhanced crop yield. Farmers can exercise this control to ensure good health and growth of crops and can predict their harvesting cycles and harvest quantity. Traditionally, prices of vegetables and fruits fluctuate year-round reflective their relative abundance. However, in greenhouse horticulture, the supply is steady throughout the year and a wide crop variety can be grown in a year, thus compounding the profits. Moreover, greenhouse horticulture reduces the dependability on natural seasonal cycles that crops need as the entire environment is being controlled by the producer. This enables farmers to grow crops year-round without worrying about climatic changes and consequently can extend the crop’s growing season. Apart from the protection offered against climatic weather changes, advantages of greenhouse horticulture such as favoring crop genetics and increase crop resistance against diseases has translated into higher yields, which is poised to spur demand for greenhouse in agribusiness and complement the growth of the greenhouse horticulture market worldwide.
Merger of Technology and Agriculture Boosts Greenhouse Horticulture Market Growth
Recent advances in technology, the entire agriculture sector has witnessed tremendous transformation with introduction of greenhouse horticulture or greenhouse farming that emerged as a highly lucrative and productive agribusiness venture. Increasing pressure on the agriculture sector with respect to growing need for food coupled with increasing population on the global front has resulted in the need for technology to produce food in an efficient and sustainable manner. Lighting solutions for greenhouse horticulture initiate photosynthesis in plants using supplemental and photoperiodic lighting. Moreover, LED based solutions can now be controlled and adjusted remotely and the user can collate data by leveraging Machine Learning (ML) algorithms and IoT.
In addition, pervasiveness of technology has allowed robotics to enter the agribusiness, in turn influencing the greenhouse horticulture market. Innovative robotic scouting system to carry out protected crop cultivation is the net new in the industry. More than mere human replacements, robots can use data and provide real time analysis and carry out farming activities in turn enhancing the quality of the produce within set time conditions. Additionally, horticulture workers and farmers can leverage Artificial Intelligence (AI) based solutions and sensor technologies for the detection of pests and other microbial activity on the produce. Such radical changes in technology and its use in agriculture is expected to set an optimistic roadmap for the market in the coming years.
Vertical Farming to Embellish Greenhouse Horticulture Market with Optimistic Influence
Vertical farming is considered as the future of food production and greenhouse horticulture. Increasing population with changing diets have driven the demand for fresh produce which consequently has improved greenhouse horticulture practice to meet this exponentially growing need. Apart from growing more in smaller space, vertical farming concept has evolved further that adopts modern technology such as LED heating, cooling and lighting systems with which producers can increase their yield and enhance quality and flavor. Using vertical farming, dependency on soil substrates is reduced. Additionally, it enables farmers to increase production output with no additional costs on electricity and heat or expansion of infrastructure. Vertical farming also creates ample opportunities for automation for the entire facility that can enhance its utilization rate. In this backdrop, vertical farming is likely to Emboss a positive influence on the growth of the greenhouse horticulture market.
Use of Greenhouse Horticulture in Ornamental Applications Expected to Significantly Increase in Coming Years
Use of greenhouse horticulture in growing ornamentals has witnessed a significant increase since the recent past due to growing floriculture industry. Floriculture has become one of the key commercial trades given the steady rise in demand of flowers. In this backdrop, floriculture has significantly emerged as an important hi-tech activity in the greenhouse horticulture market and is gaining high traction from an export standpoint. For instance, according to Agricultural and Processed Food Products Export Development Authority (APEDA), during 2019-2020, India exported around 16,949.3 million tons worth INR 541.6 crores of floriculture products. That said, adoption of greenhouse horticulture in ornamental applications is expected to witness a monumental increase in the coming years, consequently contributing to the overall valuation of the global market.
Asia Pacific Poised to Gain High Ground in the Greenhouse Horticulture Market
Asia Pacific region is expected to showcase high growth potential for greenhouse horticulture market. Emerging economies in the region such as China and India are poised to play a crucial role in contributing to the growth of the greenhouse horticulture market. This can be attributed towards increasing population in these countries coupled with favorable government support in promoting agricultural activities in the region. According to the analysis of the Department of Agriculture and Farmers Welfare, India produced around 331.05 million tons of horticulture products. The government of India is looking forward to double this production by end of 2022 and in this wake it is offering heavy subsidies for new greenhouse horticulture constructions. These subsidies are either back-ended on the total project cost or are soft loans. NHB (National Horticulture Board) provides a 50% subsidy on a greenhouse horticulture project with a maximum ceiling of 112 lakh per beneficiary. Likewise, Gujarat Agro Industries Corporation (GAIC) provides 6% subsidy over loan interest to a 4 lakh limit.
Greenhouse Horticulture Market Competitive Landscape
Few of the key players in the greenhouse horticulture market include Godrej Agrovet Ltd., Ebro India Pvt. Ltd., Cargill, Argus Control, Dalsem and Keder Greenhouse.
The Global Greenhouse Horticulture Market Is Segmented As Below:
By Material Type
By Crop Type
Key Elements Included In The Study: Global Greenhouse Horticulture Market
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