Growing popularity of modern agriculture techniques and increasing need for food are driving the demand for Vietnam greenhouse market through the forecast period, 2023-2027.
According to TechSci Research report, “Vietnam Greenhouse MarketBy Region, Competition Forecast & Opportunities, 2027”, the Vietnam greenhouse market is expected to register an impressive CAGR in the forecast period, 2023-2027. Greenhouse refers to an outdoor structure that is made with a roof and walls and prepared of transparent materials such as glass or plastic. It has in-built high technology to control the temperature and stabilize the environment for the cultivation of plants, including fruits, vegetables, and flowers. Commercial greenhouses provide various covering materials such as glass or plastic roofs and frequently glass or plastic walls. It utilizes numerous technologies, including heating systems, LED grow light, communication technology, irrigation system, cooling systems, ventilation systems, and control systems. The escalating demand for food with the rise in population is one of the primary factors driving the Vietnam greenhouse market.
Commercial greenhouses allow the farmers to cultivate fruits and vegetables under controlled conditions, which ensure a continuous year-round supply of high-quality products and aid in overcoming issues of land and water shortage as well as climate change. The elevating levels of urbanization and continuous technological advancement in the agriculture sector are boosting the market growth.
However, the rising requirement for optimum environmental conditions to grow crops all around the year and the need for a standard level of water, nutrients, and light may restrain the Vietnam greenhouse market in the coming years.
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The Vietnam greenhouse market is segmented into type, crop type, equipment, regional distribution, and competitive landscape.
Based on type, the market is segmented into plastic greenhouse and glass greenhouse. The plastic greenhouse is expected to grow at a significant rate in the forecast period, 2023-2027. Plastic is widely used for commercial greenhouse purposes on account of its durability. This type of plastic can resist tearing and can work under extreme weather conditions.
Based on crop type, the market is divided into fruits & vegetables and flowers & ornamentals.
The fruits and vegetable segment is projected to hold the largest share in the forecast period, 2023-2027. Greenhouse helps grow vegetables all year round without the need for optimum environmental conditions. Production of vegetables and fruits in the greenhouse can reduce the crop damage from harsh conditions, including cold, drought, blistering heat, wind, pests and critters trying to eat them. Cultivating vegetables in greenhouses enables creating the most appropriate requirement for the crops due to the ability to control factors in greenhouses, including temperature, fertilization, humidity, moisture, light, and irrigation. Growing crops in a greenhouse allow farmers to choose the suitable soils for healthy crop growth. Diseases and pests get minimized by having the right soil to cultivate crops.
Based on equipment, the market is divided into heating systems and cooling systems. Heating systems are anticipated to grow at a significantly higher rate in the forecast period, 2023-2027. They are one of the essential requirements for the effective production of plants in greenhouses. Heating systems offer constant temperature control and do not discharge any hazardous material, which contributes to the growth of the plants. A heating system refers to a technique that helps to maintain the temperature at a required level. These systems utilize mixing valves to control the temperature of heating pipes to regulate the temperature of heating pipes by flow control.
Major market players operating in Vietnam greenhouse market are:
- Netafim
- Watanabe Pipe Vietnam Co., Ltd.
- 1+1>2 International Architecture Company
- Novagric (Da Lat Greenhouse)
- Fresh Studio
- VinEco (Vingroup Corp)
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“Greenhous provide high yield production in comparison with traditional farming techniques. The escalating demand for food owing to the growing population and sudden environmental modifications are propelling the adoption of the greenhouse technique. Greenhouse technology allows crop producers to manufacture those products with a shortage of supply. This, in turn, is creating an opportunity for producers to produce marketable products. Also, the elevating trend of rooftop farming, growing urbanization levels, and the rise in adoption of greenhouse automation technologies are expected to accelerate the Vietnam greenhouse market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Vietnam Greenhouse Market By Type (Plastic Greenhouse v/s Glass Greenhouse), By Crop Type (Fruits & Vegetable and Flowers & Ornamentals), By Equipment (Heating Systems and Cooling Systems), By Region, Competition Forecast & Opportunities, 2027”, has evaluated the future growth of Vietnam greenhouse market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the expanding trends along with significant drivers, challenges, and opportunities in Vietnam greenhouse market.
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