The Vietnam greenhouse market is expected to register steady growth in the forecast period, 2023-2027. Greenhouse technology offers higher crop yield as compared to traditional farming techniques, which is among the primary factors accelerating the Vietnam greenhouse market growth. The increasing adoption of sustainable farming practices on account of the rising levels of urbanization further propels market growth. The government of Vietnam is supporting the growth of the agriculture industry by focusing on the adoption of innovative solutions for the farmers. Also, the ongoing extensive research and development activities in the agriculture industry to boost crop production and enhance the quality of crops are expected to create lucrative growth opportunities for the Vietnam greenhouse market in the forecast period.

Need to Boost Agriculture Yield Drives the Market Demand

The farmers are actively adopting the greenhouse farming technique as it helps control the environment of the agricultural field and aids the farmers to grow flowers, vegetables, and fruit crops all year round. Cultivation of crops in the safe environment of a greenhouse enhances the genetics of the plant, which leads to healthy varieties. It requires less water than in an open field, and producers can use all the chemicals and pesticides to control plant diseases. This farming practice allows the producers to efficiently manage the temperature, irrigation process, air humidity, and light to have a good yield. In addition to this, the land productivity of vertical farming, including greenhouse farming, is more than twice as high and quicker as traditional agriculture.

Growing Floriculture Industry Augments the Market Growth

Rapid urbanization and growing disposable income levels are escalating the demand for flowers, making floriculture one of the significant commercial trades in the agriculture industry. Commercial floriculture has expanded as a hi-tech activity under suitable climatic conditions inside a greenhouse. Also, commercial floriculture is gaining prominence from the export angle. The significant floricultural crops in the cut flower trade such as rose, carnation, chrysanthemum, gargera, gladiolus, gypsophila, liastris, nerine, are contributing to the market growth.

Increase in Investments in AgriTech Industry Supports the High Market Growth

Agriculture is an eminent prominent economic sector in Vietnam. The GDP contribution of the agriculture, forestry, and fishing sector in Vietnam (2021) is 12.36% and is continually growing at a rapid rate. In 2021, food product manufacturing grew by 102.9 per cent in Vietnam. Based on this analysis, the government plans to invest in the agritech sector to promote the overall growth of the agriculture industry. Agritech refers to using technology in agriculture to enhance yield, efficiency, and profitability. Agritech includes products, services, or applications from the agriculture industry that improve input/output processes.


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Market Segmentation

The Vietnam greenhouse market is segmented into type, crop type, equipment, regional distribution, and competitive landscape. Based on type, the market is divided into plastic greenhouse and glass greenhouse. Based on crop type, the market is divided into fruits & vegetables and flowers & ornamentals, and others. Based on equipment, the market is divided into heating systems, cooling systems and others. To analyze the market based on the region, the Vietnam greenhouse market is studied in major regions namely north, south, and central.

Market Players

Netafim, Watanabe Pipe Vietnam Co., Ltd., 1+1>2 International Architecture Company, Novagric (Da Lat Greenhouse), Fresh Studio, VinEco (Vingroup Corp) are the leading market players operating in Vietnam greenhouse market.

Attribute

Details

Base Year

2021

Historic Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Type

·         Crop Type

·         Equipment

Regional scope

North Vietnam, South Vietnam, and Central Vietnam

Key companies profiled

Netafim, Watanabe Pipe Vietnam Co., Ltd., 1+1>2 International Architecture Company, Novagric (Da Lat Greenhouse), Fresh Studio, VinEco (Vingroup Corp)

Customization scope

10% free report customization with purchase. Addition or alteration to regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, Vietnam greenhouse market has been segmented into 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

o   Others

·         Vietnam Greenhouse Market, By Equipment:

o   Heating Systems

o   Cooling Systems

o   Others

·         Vietnam Greenhouse Market, By Region:

o   North Vietnam

o   South Vietnam

o   Central Vietnam

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Vietnam greenhouse market.

Available Customizations:

With the given market data, TechSci 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]  

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.     Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Vietnam Greenhouse Market

4.    Executive Summary

5.    Voice of Customers

6.    Vietnam Greenhouse Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Type (Plastic Greenhouse v/s Glass Greenhouse)

6.2.2.     By Crop Type (Fruits & Vegetables, Flowers & Ornamentals, Others)

6.2.3.     By Equipment (Heating Systems, Cooling Systems, Others)

6.2.4.     By Region

6.2.5.     By Company (2021)

6.3.  Product Market Map

7.    Vietnam Plastic Greenhouse Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Crop Type

7.2.2.     By Equipment

8.    Vietnam Glass Greenhouse Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Crop Type

8.2.2.     By Equipment

9.    Market Dynamics

9.1.     Drivers

9.2.     Challenges

10.  Market Trends & Developments

11.  Policy & Regulatory Landscape

12.  Vietnam Economic Profile

13.  Competitive Landscape

13.1.    Netafim

13.2.    Watanabe Pipe Vietnam Co., Ltd.

13.3.    1+1>2 International Architecture Company

13.4.    Novagric (Da Lat Greenhouse)

13.5.    Fresh Studio

13.6.    VinEco (Vingroup Corp)

 14. Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]