|
Forecast
Period
|
2024-2028
|
|
Market
Size (2022)
|
USD30.26
million
|
|
CAGR
(2023-2028)
|
3.68%
|
|
Fastest
Growing Segment
|
Plastic
Greenhouse
|
|
Largest
Market
|
Central
|
Market Overview
Vietnam
Greenhouse Market has valued at USD30.26 million in 2022 and is anticipated to
project robust growth in the forecast period with a CAGR of 3.68% through 2028.
One of the primary drivers of the greenhouse market in Vietnam is the rising
demand for high-quality and year-round produce. Consumers, with their
increasing awareness of the benefits of fresh, locally grown fruits and
vegetables, seek options that are available throughout the year, irrespective
of the season. Greenhouses, with their controlled environments, play a crucial
role in meeting this demand by enabling farmers to cultivate crops consistently
all year round.
The
growth of Vietnam's greenhouse market is also fueled by advancements in
greenhouse technologies. Companies like Teshuva Agricultural Projects (TAP,
Israel) are at the forefront of constructing advanced greenhouses in Vietnam.
These cutting-edge greenhouses are expected to revolutionize crop production by
boosting yields and enhancing the quality of locally consumed vegetables.
These
technologically advanced greenhouses employ innovative systems to control and
regulate temperature, humidity, and light levels, ensuring an optimal growing
environment for a wide variety of crops. With these advancements, farmers in
Vietnam can now cultivate crops that were previously challenging to grow due to
the country's unique climate conditions.
Moreover,
the growth of the Vietnamese greenhouse market is further bolstered by a
significant shift towards more sustainable farming practices. Greenhouse
farming allows for the efficient use of water and land resources, contributing
to sustainability and food security in the country. This sustainable approach
aligns with global efforts to reduce the environmental impact of agriculture
and ensure a more sustainable future.
In
conclusion, the Vietnam greenhouse market is on an upward trajectory, driven by
consumer demand for high-quality produce, advancements in greenhouse
technologies, and a strong commitment to sustainable farming practices.
However, to ensure the long-term sustainability of the industry, it is
essential to address environmental concerns related to the use of plastic
greenhouses and explore more eco-friendly alternatives. By doing so, the
Vietnam greenhouse market can continue its growth while minimizing its
ecological footprint.
Key Market Drivers
Rising Demand for Year-Round
Crop Production
The
modern consumer's desire for fresh, locally grown fruits and vegetables all
year round is a primary factor driving the growth of the greenhouse market in
Vietnam. Traditionally, the availability of certain produce has been dependent
on seasons, limiting the consistent supply and variety. However, greenhouses
provide a transformative solution to this challenge.
Greenhouses
offer farmers a controlled environment that allows them to grow crops
throughout the year, irrespective of external weather conditions. This capacity
to produce crops in off-season periods not only helps meet the consistent
consumer demand for fresh produce but also contributes to the overall food
security in Vietnam. With a growing population and the impacts of climate
change threatening traditional farming methods, the country faces the challenge
of ensuring a steady food supply.
By
enabling year-round crop production, greenhouses help stabilize food supply,
reducing dependency on imports and making Vietnam more self-sufficient in terms
of food production. This aspect further propels the demand for greenhouses in
the country. Moreover, the economic benefits of greenhouse farming extend
beyond food security.
For
farmers, the ability to grow and sell crops throughout the year translates into
a steady income stream, reducing the financial uncertainties often associated
with seasonal farming. Additionally, crops grown in greenhouses generally fetch
higher prices due to their superior quality and off-season availability. These
economic incentives are encouraging more farmers to adopt greenhouse farming
practices, thus fueling the growth of the market.
In
summary, the greenhouse market in Vietnam is driven by various factors,
including the consumer demand for year-round fresh produce, the need for food
security, and the economic benefits for farmers. As the country continues to
face challenges in traditional farming methods, greenhouses offer a sustainable
and profitable solution for both farmers and consumers alike.
Rise in Crop Diversification
The
Vietnamese government has been actively encouraging farmers to diversify their
agricultural practices and grow a wider range of crops. This push is aimed at
improving the resilience of the agricultural sector and increasing income for
farmers. By embracing crop diversification, farmers can mitigate risks
associated with relying solely on one crop and adapt to changing market
conditions.
Moreover,
as urbanization escalates and income levels rise, there is a growing demand for
dietary diversification in Vietnam. This trend has resulted in an increased
demand for a broader range of agricultural products, which is encouraging
farmers to diversify their crops. In response to this demand, greenhouses are
playing a crucial role in facilitating crop diversification. These controlled
environments offer optimal conditions for cultivating a wider variety of crops,
including those that might not traditionally grow well in Vietnam's climate.
For
instance, farmers can now grow high-value crops such as robusta coffee, which
was previously challenging to cultivate due to specific land and climate
requirements. This ability to diversify crop production is driving the demand
for greenhouses and contributing to the growth of the market. Greenhouses not
only provide farmers with the opportunity to expand their crop varieties but
also ensure a consistent supply of fresh produce throughout the year.
Crop
diversification is seen as a strategic approach for managing climatic changes
and market uncertainties. By diversifying their crops, farmers can reduce their
dependence on a single crop and thereby increase their resilience to adverse
weather conditions or market fluctuations. Greenhouses play a key role here as
well, providing the ability to grow diverse crops year-round, thus ensuring a
steady income for farmers and contributing to food security.
In
conclusion, the rise in crop diversification is a significant driver of
Vietnam's greenhouse market. As the demand for a diverse range of agricultural
products grows and farmers seek to increase their resilience, greenhouses are
set to play an increasingly important role in Vietnam's agricultural landscape.
With continuous support from the government and advancements in greenhouse
technology, farmers can embrace diversification and thrive in the ever-changing
agricultural sector.
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Key Market Challenges
Variability in Climatic
Patterns
Climate
variability and extreme weather events pose a severe threat to agriculture,
including greenhouse farming. Unpredictable weather patterns can cause significant
damage to greenhouse structures, compromising the controlled environment within
and adversely affecting crop growth.
For
instance, during severe storms, the protective coverings of greenhouses may get
damaged, leaving the crops vulnerable to the elements. The harsh winds and
heavy rains can infiltrate the greenhouse, subjecting the plants to potential
harm. Similarly, excessive heat can lead to overheating inside the greenhouse,
creating stress for the plants and potentially reducing both the yield and
quality of the crops.
In
order to maintain optimal conditions within the greenhouse amidst fluctuating
external temperatures, additional energy consumption becomes necessary. Heating
systems may be required to keep the greenhouses warm during unusually cold
spells, while cooling systems might be necessary during periods of intense
heat. This increased reliance on energy not only escalates operational costs
but also contributes to greenhouse gas emissions, further exacerbating the
issue of climate change.
As
a result, greenhouse farmers face the challenge of balancing the need for crop
protection and maintaining a sustainable environmental footprint. Developing
innovative solutions that improve the resilience of greenhouse structures,
maximize energy efficiency, and mitigate climate impacts becomes crucial for
the future of agriculture in the face of climate variability.
Key Market Trends
Growing Use of Hydroponics and
Soilless Cultivation
Hydroponics,
a method of growing crops without soil, has experienced a significant surge in
adoption in Vietnam's greenhouse market. This growth can be attributed to
several factors that have driven its popularity. One key driver is the
increasing demand for higher crop yields to meet the needs of a growing population
and address concerns about food security. Hydroponics presents an attractive
solution in this regard.
By
allowing the cultivation of crops in a controlled environment, hydroponics
offers the potential for increased productivity and efficiency. This technique
eliminates the reliance on soil, which can be advantageous in regions where
soil quality is poor or land availability is limited. With hydroponics, farmers
can have precise control over growing conditions, optimizing plant growth and
resource utilization. The incorporation of advanced technologies such as HVAC,
LED grow lights, control systems, and irrigation systems in modern hydroponic
setups has also played a crucial role in driving this growing trend.
Moreover,
alongside hydroponics, soilless cultivation is emerging as another notable
trend in Vietnam's greenhouse market. High-tech soilless-culture farms are
being established, providing an additional avenue for crop production. Similar
to hydroponics, soilless cultivation enables the growth of crops in a
controlled environment without the need for traditional soil. This technique
can be particularly advantageous for crops that require specific growing
conditions, further expanding the range of crops that can be cultivated in
Vietnam's greenhouses.
The
adoption of hydroponics and soilless cultivation techniques in Vietnam's
greenhouse market showcases the continuous efforts to innovate and enhance
agricultural practices. These sustainable farming methods not only address the
increasing demand for food but also offer potential solutions to challenges
related to soil quality, land availability, and resource efficiency. As the
agricultural landscape evolves, hydroponics and soilless cultivation are poised
to play a crucial role in shaping the future of crop production in Vietnam.
Segmental Insights
Type Insights
Based
on the category of type, the plastic greenhouse segment emerged as the dominant
player in the Vietnamese market for greenhouse in 2022. One of the primary
reasons for the dominance of plastic greenhouses is their cost-effectiveness.
Plastic greenhouses are generally less expensive to construct and maintain
compared to glass greenhouses, making them a more affordable option for
farmers. This affordability is particularly attractive to small-scale farmers
who may have limited resources and budget constraints.
In
addition to their cost-effectiveness, plastic greenhouses are well-suited to
Vietnam's tropical climate. They provide excellent light transmission, ensuring
optimal conditions for plant growth. Moreover, these greenhouses offer
protection from heavy rainfall and high temperatures, which are common in the
region. The ability to regulate ventilation more easily than glass greenhouses
further helps prevent overheating and maintains the ideal growing environment
for crops.
With
their lower costs, adaptability to the climate, and enhanced control over
environmental factors, plastic greenhouses have become a popular choice among
farmers in Vietnam, allowing them to maximize their agricultural productivity
and ensure the success of their crops.
Crop Type
The
fruits & vegetables segment is projected to experience rapid growth during
the forecast period. One of the main reasons why fruits and vegetables dominate
Vietnam's greenhouse market is the year-round demand for fresh produce.
Commercial greenhouses enable farmers to cultivate a wide variety of fruits and
vegetables under controlled conditions, ensuring a continuous and abundant
supply throughout the year. This constant availability not only meets the local
demand for fresh produce but also caters to the growing international market.
Moreover,
the strong global demand for exotic Vietnamese fruits and vegetables further
contributes to their dominance in the greenhouse market. Vietnam heritage's
horticulture industry is renowned for its unique and diverse range of produce,
showcasing the country's rich agricultural heritage. These greenhouses provide
the perfect environment for cultivating these crops, optimizing their growth,
and ensuring top-notch quality and yield. This emphasis on quality and
diversity enhances Vietnam's reputation in the global market, making it a
preferred source for fresh and exotic produce.
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Regional Insights
Central emerged as the dominant player
in the Vietnam Greenhouse Market in 2022, holding the largest market share in
terms of value. Da Lat, often referred to as the "city of eternal
spring," boasts a consistently mild and pleasant climate throughout the
year. With its high elevation and mountainous terrain, the region experiences
cooler temperatures compared to other parts of Vietnam. The cool climate,
combined with abundant rainfall, creates optimal conditions for the cultivation
of a wide variety of crops including fruits, vegetables, and flowers.
The unique microclimate in Da Lat allows
for the successful growth of delicate and sensitive crops that may struggle in
other regions. Farmers in this area take advantage of the favorable conditions
to produce high-quality produce that is sought after both locally and
internationally.
To further optimize crop production,
farmers in Da Lat utilize greenhouses to have better control over environmental
factors such as temperature, humidity, and light. These greenhouses enable
year-round cultivation and provide protection from extreme weather conditions,
ensuring a steady supply of fresh and quality produce regardless of the season.
The central location of Da Lat also
plays a significant role in its dominance in the greenhouse market. Situated in
close proximity to major urban centers, including Ho Chi Minh City, Da Lat
enjoys efficient transportation networks that facilitate the distribution of
produce to local markets. Furthermore, its accessibility for export to
international markets enhances the growth and development of the greenhouse
industry in this region.
Overall, the combination of a favorable
climate, advanced cultivation techniques, and strategic location has
established Da Lat as a thriving hub for greenhouse farming in Vietnam,
contributing to the region's agricultural success and economic growth.
Recent Developments
- In
2022, the Vietnamese company AgriGreen Vietnam and the Israeli company Netafim
signed a strategic partnership agreement to jointly develop and operate a
state-of-the-art 50-hectare greenhouse complex in Vietnam. This groundbreaking
collaboration aims to leverage the advanced Israeli agricultural technology to
establish a cutting-edge facility dedicated to producing an abundant supply of
high-quality vegetables and fruits for the Vietnamese market. By bringing
together the expertise and resources of both companies, this partnership
strives to revolutionize the local agricultural landscape, enhance food
security, and contribute to sustainable farming practices in Vietnam.
Key Market Players
- Netafim
Ltd
- Watanabe Pipe Vietnam Co., Ltd.
- Nova Agritech Ltd
- Fresh Studio Innovations Asia
- Vingroup Corp.
|
By Type
|
By
Crop Type
|
By
End User
|
By
Region
|
- Plastic
Greenhouse
- Glass
Greenhouse
|
- Fruits & Vegetables
- Flowers & Ornamentals
|
- Commercial Growers
- Retail Gardens
- Others
|
|
Report Scope:
In this report, the Vietnam Greenhouse Market has
been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- Vietnam Greenhouse Market, By Type:
o Plastic Greenhouse
o Glass Greenhouse
- Vietnam Greenhouse Market, By Crop Type:
o Fruits & Vegetables
o Flowers & Ornamentals
- Vietnam Greenhouse Market, By End User:
o Commercial Growers
o Retail Gardens
o Others
- Vietnam Greenhouse Market, By Region:
o Northern
o Central
o Southern
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Vietnam
Greenhouse Market.
Available Customizations:
Vietnam Greenhouse Market report with the given
market data, Tech Sci Research offers customizations according to a company's
specific needs. The following customization options are available for the
report:
Company Information
- Detailed analysis and profiling of additional
market players (up to five).
Vietnam Greenhouse Market is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at [email protected]