Global Smart Greenhouse Market to Present Extensive Growth Opportunities as Organic Food’s Demand Increases
According to the estimations put forth by Inkwood Research, the Global Smart Greenhouse Market is predicted to register a CAGR of 8.40% in terms of revenue during the forecasting years of 2021-2028.
“Browse 45 Market Data Tables and 42 Figures
spread over 112 Pages, along with an in-depth TOC on the Global Smart Greenhouse Market
Forecast 2021-2028.”
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Smart greenhouses are characterized by an
agricultural revolution, creating a self-regulating and microclimate fit for
plant growth by using actuators, sensors, and controlling and monitoring
systems. As a result, this optimizes the growth conditions and automates the
growing process.
Market
Growth Propelled by Increased Demand for Organic Food
Organic food entails products acquired
through a farming system that does not use synthetic pesticides, fertilizers,
and growth regulators. Presently, the population across the globe has become
highly aware of the source of food they consume, daily. Hence, this leads to an
increased demand for organic food production. In this regard, the sale of
organic food in North America has observed substantial growth over recent
years. Moreover, the myriad of advantages offered by organic food, including,
zero growth hormones and antibiotics, lesser use of pesticides, improved
environmental stability, nutrient richness, and an enhanced food freshness
level, increase the popularity of organic produce, among end-users.
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Non-Hydroponic
is the Fastest-Growing Type
Non-hydroponic is a powerful and unique technique
through which crops and plants are cultivated using only an initial application
of nutrients and water. This method utilizes mist, mixed with essential
nutrients, oxygen, and water, and encourages plant growth by nourishing their
root structures in the air.
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Asia
Pacific is set to be the Leading Region by 2028
The diminishing agricultural areas, the
extreme weather conditions in regions, such as South Korea, and the surging
demand for food, are among the key factors fueling the growth of the smart
greenhouse market in the Asia Pacific. In addition, several government
initiatives introduced in developing regions, to increase smart greenhouse
projects, are projected to bolster the market growth.
The rising prevalence of vertical farming
across emerging nations also plays an essential role. For instance, vertical
farming is a definite solution to severe problems in Indian agriculture, like,
the lack of supply or oversupply of farm produce, the overuse of fertilizers
and pesticides, the deteriorating soil mass, and unemployability. However,
challenges like the acceptance of vertical farming by the farming community in
India, may inhibit the growth. Hence, these factors are set to influence the
market growth in the Asia Pacific, over the forecast period.
The existence of several large-scale
vendors and startups increases the industrial rivalry within the global smart
greenhouse market. Some of the key players operating in the market include,
GreenTech Agro LLC, Hort Americas, Lumigrow Inc, Netafim, Argus Controls,
Heliospectra AB, etc.
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verticals such as technology, automotive, chemicals, materials, healthcare, and
energy, with an objective comprehension that acknowledges the business
environments. Our geographical analysis comprises North & South America,
CEE, CIS, Middle East, Europe, Asia, and Africa.
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