Global Digital Greenhouse Market, By Product Type (Non-Hydroponic Greenhouse, Hydroponic Greenhouse), Application (Vegetables, Flowers and Ornamentals, Fruit Plants, Nursery Crops, Others) Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028 .
Market Analysis and Insights: Global Digital Greenhouse Market
The digital greenhouse market is expected to grow at a CAGR of 14.2% and is likely to reach USD 3.7 billion by 2028. Data Bridge Market Research analyses the factors responsible for fostering the growth of digital greenhouse market. This rise in digital greenhouse market value can be attributed to the various factors such as new product applications
The digital greenhouse aims to supply the hub for innovation and advancement within the digital, creative, entrepreneurship and technology sectors. The premises offer an area in which entrepreneurs could network and collaborate to the good thing about their own comes and also the wider community.
Increasing prevalence of higher yield as compared to conventional agriculture practices is a major factor anticipated to fuel the growth of the digital greenhouse market. The rising usages of the technology to improved yield and higher productivity with limited land resources along with lower water utilization as against conventional farming methods, controlled environment farming helps eliminate the effect of external factors on crop growth, increasing development of innovative hydroponic technologies are also the vital factors which will likely to augment the growth of the digital greenhouse market in the forecast period of 2021-2028. On the other hand, increasing application of digital systems in restaurants and grocery stores along with rising research and development activities, increasing adoption of vertical farming technology will further contribute by generating massive opportunities that will lead to the growth of the digital greenhouse market in the above mentioned projected timeframe.
Increasing need of high capital investment along with lack of government policy and tax breaks which will likely to act as market restraints factor for the growth of the digital greenhouse in the above mentioned forecast period. High prices of the product will become the biggest and foremost challenge for the growth of the market.
This digital greenhouse market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
This digital greenhouse market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on digital greenhouse market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Digital Greenhouse Market Scope and Market Size
The digital greenhouse market is segmented on the basis of product type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the digital greenhouse market has been segmented into non-hydroponic greenhouse, and hydroponic greenhouse.
- On the basis of application, the digital greenhouse market is segmented into vegetables, flowers and ornamentals, fruit plants, nursery crops, and others.
Digital Greenhouse Market Country Level Analysis
The digital greenhouse market is analyzed and market size insights and trends are provided by country, product type and application as referenced above.
The countries covered in the digital greenhouse market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Europe region dominate the digital greenhouse market and will continue to excel its trend of dominance during the forecast period owing to the rising number of advancements in greenhouse farming in the region Asia-Pacific will register the highest CAGR for the forecast period owing to the increasing adoption of advanced agricultural technologies amongst the farmers in the region.
The country section of the digital greenhouse market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Digital Greenhouse Market Share Analysis
The digital greenhouse market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to digital greenhouse market.
The major players operating in the digital greenhouse market report are Signify Holding; Heliospectra AB; The Scotts Company LLC; Argus Control Systems Limited.; LOGIQS B.V.; LumiGrow.; Hydroponic Systems International.; Hydrodynamics International.; American Hydroponics; Advanced Nutrients; Emerald Harvest; Grobo.; AeroFarms; Terra Tech Corp.; Triton Foodworks.; Freight Farms, Inc.; Green Sense Farms Holdings, Inc.; Emirates Hydroponics Farms.; Gotham Greens; Nature's Miracle; BrightFarms.; among others.
SKU-