Horticulture Market Size, Share, Analysis & Forecast | 2031
Horticulture Market Size, Share, Analysis & Forecast | 2031
Segments - Horticulture Market by Cultivation Types (Ornament Plants [Turf, Flowers, and Others] and Food Plants [Nut Crop, Vegetable, Fruits, and Others]), Applications (Greenhouse, Indoor Farms, and Vertical Farms), Propagation (Vegetative, Seed, Breeding, Layering & Cutting, Grafting, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :FB-4236
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Report Description
The Global Horticulture Market size was valued at USD 22.42 Billion in 2022 and is likely to reach USD 52.43 Billion by 2031, expanding at a CAGR of 9.9% during 2023–2031. The growth of the market is attributed to the rising acceptance of sustainable horticulture practices and increasing demand for agricultural products to meet the growing needs of the global population.
Horticulture refers to a type of farming practice associated with growing fruits, vegetables, and herbs as well as the production of ornament plants such as turf, flowering plants, and shrubs. These plants and fruits are mainly developed to enhance the beautification of home surroundings such as gardening or lawns and interior decorating with the use of plants. It represents a key share of the agriculture industry and some of the key producers of agricultural crops are China, India, the US, and Russia.
According to data published by the World Bank Group, horticulture accounted for 30% of agricultural revenue in India in 2019. As of 2019, the US exported the highest volume of farm products, which was worth USD 118.1 billion. Induction of robotic monitoring devices and other advanced technologies to enhance the production of horticultural crops.
The COVID-19 pandemic had affected the global horticulture market due to movement restrictions imposed by emergency lockdowns in a view to preventing the virus from spreading. A sudden disruption in the supply chain, resulted in a delay in getting seeds or other agricultural components to farmers timely. This led to a delay in the overall crop production system. However, the increasing adoption of advanced technologies and techniques to control pests and ensure easy identification of pest infections had opened up several opportunities for market expansion in the coming years.
The implication of high sensor technologies and other advanced technology solutions such as Artificial Intelligence (AI) along with the high penetration of the Internet of Things (IoT) had brought a drastic change in the agricultural sector.
Market Trends, Drivers, Restraints, and Opportunities
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Rising global population and a growing health-conscious population, which led to the surge in demand for organic foods, are key factors driving the market.
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Growing awareness regarding sustainable agricultural practice and increasing adoption of greenhouse horticulture activities are expected to fuel the market in the coming years.
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Favorable government policies, especially in developing countries, offering various agricultural subsidies for farmers present another key driver of the market.
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Frequent change in government regulations regarding the export and import of agricultural products acts as a major challenge for the market expansion.
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Increasing integration of numerous advanced technologies such as IoT in the agricultural sector and comprehensive R&D programs by key players are likely to create several growth opportunities for the market.
Scope of Horticulture Market Report
The report on the global horticulture market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Horticulture Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Cultivation Types (Ornament Plants [Turf, Flowers, and Others] and Food Plants [Nut Crop, Vegetable, Fruits, and Others]), Applications (Greenhouse, Indoor Farms, and Vertical Farms), and Propagation (Vegetative, Seed, Breeding, Layering & Cutting, Grafting, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Certhon; Dalsem; Hort Americas; Keder Greenhouse; Heliospectra AB; Richel Group; Logiqs BV; Lumigrow; Agra Tech Inc.; Netafim Ltd.; Argus Control System Ltd.; Priva Holding BV; Top Greenhouses Ltd.; Ridder Holding Harderwijk BV; and Rough Brothers Inc. |
Horticulture Market Segment Insights
Food Plants Segment to Expand at a Rapid Pace
Based on cultivation types, the global horticulture market is bifurcated into ornament plants and food plants.
The ornament plants segment is further segmented into turf, flowers, and others while the food plants segment is sub-divided into nut crop, vegetable, fruits, and others. The food plants segment held a dominant market share in 2021 and is expected to expand at a rapid pace during the forecast period owing to the high consumption of food items such as vegetables and fruits due to the rising global population.
The rising health-conscious population globally leads to the rising demand for organic foods, which is further boosting the segment.
High Popularity of Greenhouse Farming Practices Boosts the Greenhouse Segment
In terms of applications, the market is divided into greenhouse, indoor farms, and vertical farms.
However, the greenhouse segment accounted for a large market share in 2021 and is anticipated to register a CAGR of 7.1% during the forecast period. The segment growth is attributed to the wide popularity of greenhouse farming practices owing to certain benefits such as high crop yield, wide application of all types of crops, and production of exotic plants.
One key aspect of greenhouse farming is that it can develop a suitable ecosystem and protect from extreme climate conditions for crop production.
Wide Practice of Vegetative Propagation Among Horticulturists Drives the Vegetative Segment
On the basis of propagation, the global horticulture market is segregated into vegetative, seed, breeding, layering & cutting, grafting, and others.
The vegetative segment is projected to register a considerable CAGR during the forecast period owing to the broad practice of vegetative propagation among horticulturists and researchers to develop new techniques for the reproduction of exotic plants and vegetables. The vegetative propagation allows the reproduction of new plants from a part of the parent plant while inheriting genetically identical traits.
Europe to Dominate the Market
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.
Europe constituted a major market share in 2021 and is expected to dominate the market during the projected period owing to the early adoption of advanced farming technology and wide acceptance of sustainable food production practices.
Moreover, the region has favorable climate conditions and an ecosystem, which offers an environment for the rapid growth of a variety of plants, vegetables, and fruits. Rising number of the vegetarian population in the region presents a key driver of the regional market.
On the other hand, Asia Pacific is a fast-growing market, and the market in the region is anticipated to expand at a rapid pace during the forecast period owing to favorable government policies toward farmers’ subsidies and existing massive agricultural practices among a large number of the regional population.
Segments
The global horticulture market has been segmented on the basis of
Cultivation Types
- Ornament Plants
- Turf
- Flowers
- Others
- Food Plants
- Nut Crop
- Vegetable
- Fruits
- Others
Applications
- Greenhouse
- Indoor Farms
- Vertical Farms
Propagation
- Vegetative
- Seed
- Breeding
- Layering & Cutting
- Grafting
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Certhon
- Dalsem
- Hort Americas
- Keder Greenhouse
- Heliospectra AB
- Richel Group
- Logiqs BV
- Lumigrow
- Agra Tech Inc.
- Netafim Ltd.
- Argus Control System Ltd.
- Priva Holding BV
- Top Greenhouses Ltd.
- Ridder Holding Harderwijk BV
- Rough Brothers Inc.
Competitive Landscape
Key players competing in the global horticulture market are Certhon; Dalsem; Hort Americas; Keder Greenhouse; Heliospectra AB; Richel Group; Logiqs BV; Lumigrow; Agra Tech Inc.; Netafim Ltd.; Argus Control System Ltd.; Priva Holding BV; Top Greenhouses Ltd.; Ridder Holding Harderwijk BV; and Rough Brothers Inc.
Some of these players have adopted a series of business development strategies including merger and acquisition, partnerships and collaboration, product launches, and production capacity expansion to expand their consumer base and enhance their market share.
Frequently Asked Questions
The key players of the market are Certhon; Dalsem; Hort Americas; Keder Greenhouse; Heliospectra AB; Richel Group; Logiqs BV; Lumigrow; Agra Tech Inc.; Netafim Ltd.; Argus Control System Ltd.; Priva Holding BV; Top Greenhouses Ltd.; Ridder Holding Harderwijk BV; and Rough Brothers Inc.
Europe is likely to dominate the market in the coming years.
The key drivers of the market include the rising acceptance of sustainable horticulture practices and increasing demand for agricultural products to meet the growing needs of the global population.
The greenhouse segment accounted for a large market share in 2022 and is anticipated to register a CAGR of 9.9% during the forecast period.
The global horticulture market size was valued at USD 22.42 billion in 2022 and is expected to surpass USD 52.43 billion by 2031.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Horticulture Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Horticulture Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Horticulture Market - Supply Chain
4.5. Global Horticulture Market Forecast
4.5.1. Horticulture Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Horticulture Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Horticulture Market Absolute $ Opportunity
5. Global Horticulture Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Horticulture Market Size and Volume Forecast by Applications
5.3.1. Greenhouse
5.3.2. Indoor Farms
5.3.3. Vertical Farms
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Horticulture Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Horticulture Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Horticulture Demand Share Forecast, 2019-2026
7. North America Horticulture Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Horticulture Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Horticulture Market Size and Volume Forecast by Applications
7.4.1. Greenhouse
7.4.2. Indoor Farms
7.4.3. Vertical Farms
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Horticulture Demand Share Forecast, 2019-2026
8. Latin America Horticulture Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Horticulture Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Horticulture Market Size and Volume Forecast by Applications
8.4.1. Greenhouse
8.4.2. Indoor Farms
8.4.3. Vertical Farms
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Horticulture Demand Share Forecast, 2019-2026
9. Europe Horticulture Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Horticulture Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Horticulture Market Size and Volume Forecast by Applications
9.4.1. Greenhouse
9.4.2. Indoor Farms
9.4.3. Vertical Farms
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Horticulture Demand Share Forecast, 2019-2026
10. Asia Pacific Horticulture Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Horticulture Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Horticulture Market Size and Volume Forecast by Applications
10.4.1. Greenhouse
10.4.2. Indoor Farms
10.4.3. Vertical Farms
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Horticulture Demand Share Forecast, 2019-2026
11. Middle East & Africa Horticulture Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Horticulture Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Horticulture Market Size and Volume Forecast by Applications
11.4.1. Greenhouse
11.4.2. Indoor Farms
11.4.3. Vertical Farms
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Horticulture Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Horticulture Market: Market Share Analysis
12.2. Horticulture Distributors and Customers
12.3. Horticulture Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Certhon
12.4.2. Dalsem
12.4.3. Hort Americas
12.4.4. Keder Greenhouse
12.4.5. Heliospectra AB
12.4.6. Richel Group
12.4.7. Logiqs BV
12.4.8. Lumigrow
Methodology
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