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.
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Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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·
Type
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Crop Type
·
Equipment
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Regional scope
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North Vietnam, South Vietnam, and Central Vietnam
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Key companies profiled
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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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Customization scope
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10% free report customization with purchase. Addition or
alteration to regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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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]