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India Greenhouse Horticulture Market :: Outlook By Industry Size, Share, Revenue, Regions and Top Key Players Analysis 2030

The India Greenhouse Horticulture market held a market value of USD 190.84 Million in 2021 and is estimated to reach USD 271.25 Million by the year 2030. The market is expected to register a growth rate of 4.19% over the projected period. In 2021, Indias greenhouse horticulture production was 27.71 million tonnes.

Greenhouse Horticulture is also known as protected cropping. It is the production of horticultural crops within, under or sheltered by structures for providing modified growing conditions and/or protection from adverse weather, pests, and diseases. The market is witnessing significant growth owing to the factors such as robust increase in population & food demand and rising entrepreneurship under horticulture due to government intervention. The market is expected to be negatively influenced by high fixed and maintenance cost in greenhouse cultivation.

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Growth Influencers:
Robust increase in population and food demand
The rapidly increasing population in India is leading to increase in the food demand as well. According to the World Bank, in 2020, the population of India was 1,380 million and in 2019, it was 1,366.4 million. This rising population is increasing the demand of food and is leading to adoption of various advancements for production of more food and meeting the demand. Hence, robust increase in population and food demand is expected to boost the market growth.
Rising entrepreneurship under horticulture due to government intervention
Development of new greenhouses is heavily subsidised in India by the government. This is supporting farmers and horticulturists for growing safe food products. Greenhouse horticulture provides entrepreneurs with lucrative opportunities for achieving higher production per square meter and gives higher returns. According to Outlook Digital, as of September 2021, India produces around 326 million tons of horticultural products. Furthermore, the government of India is taking various initiatives for doubling farmers income by 2022. Therefore, rising entrepreneurship under horticulture due to government intervention is anticipated to drive the market growth.

Segments Overview:
The India Greenhouse Horticulture market is segmented into covering material, crop type, greenhouse type, technology, and application.

By Covering Material,
Plastic
Glass
Polyethylene (PE) Film
Polycarbonate
Acrylic
Others
The plastic segment is expected to hold the largest market share of more than 40%, as it is available at cheaper rates as compared to other material, such as glass. The polycarbonate segment is anticipated to witness the fastest growth rate of 5.65% owing to its slowly rising demand due to growing awareness regarding its benefits over other materials.

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By Crop Type,
Fruits
Vegetables
o Root Crops
o Leafy Greens
o Fruit Crops
Flowers and Ornamentals
Nursery Crops
Others
The vegetables segment is estimated to hold the largest market share owing to growing production of vegetables through greenhouse horticulture. Within this segment, the leafy greens sub-segment is expected to witness about 6.9 million tons of produce in 2030.

By Greenhouse Type,
Lean-to-Greenhouse
Detached Greenhouse
Ridge and Furrow Greenhouses
The detached greenhouse segment is estimated to witness the fastest growth rate owing to their flexibility and expandability. The ridge and furrow greenhouses segment is expected to account for the second largest market share, as they provide more growing spaces as compared to other types of greenhouses.

By Technology,
Low Cost
Medium Tech
High Tech
The medium tech segment is expected to witness a growth rate of 4.24% during the projected period owing to various technological advancements in this segment by market players.

By Application,
Food Products
Ornamental
Medicinal Ingredients
Others
The food products segment is expected to account for the largest market share of more than 80% owing to growing demand of food in India. On the other hand, the ornamental segment is anticipated to grow at the fastest rate owing to increasing demand for ornamental plants.

Competitive Landscape

Major players operating in the India Greenhouse Horticulture market include Godrej Agrovet Ltd., UPL Ltd., Goodricke Group Ltd., Tata Coffee Ltd., Kaveri seed company Limited, Keventer Agro Ltd., Raghuvansh Agrofarms Ltd., Tropical Agrosystems India Pvt Ltd., Vanashree Agriculture Private Limited, Corteva Agriscience India Pvt Ltd, East West Seed India Pvt Ltd, Ebro India Pvt Ltd, EI Dupont India Pvt Ltd, Cargill India Pvt Ltd, and Other Prominent Players.

Major 10 players in the market hold approximately 40-55% of the market share. These market players are engaging in collaborations, product launches, mergers & acquisitions, and expansions to create a competitive edge in the market. For instance, in September 2021, Corteva Inc. signed an agreement with Gaiago for development and distribution of biofungicide solutions globally for protection of vegetables, potatoes, grapevine, and pome & stone fruits.

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The India Greenhouse Horticulture market report provides insights on the below pointers:

Market Penetration: Provides comprehensive information on the market offered by the prominent players
Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the India Greenhouse Horticulture market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
Area and Production of Horticulture Crops in India (2018 to 2020)
Latest Technologies for Horticulture in India
Growth Rate of Horticulture in India (Last 10 Year Statistics); Annual Growth Trends of Area and Production of Horticulture Crops
Share of Horticulture in Total Cropped Area in India

The India Greenhouse Horticulture market report answers questions such as:
What is the market size and forecast of the India Greenhouse Horticulture Market?
What are the inhibiting factors and impact of COVID-19 on the India Greenhouse Horticulture Market during the assessment period?
Which are the products/segments/applications/areas to invest in over the assessment period in the India Greenhouse Horticulture Market?
What is the competitive strategic window for opportunities in the India Greenhouse Horticulture Market?
What are the technology trends and regulatory frameworks in the India Greenhouse Horticulture Market?
What is the market share of the leading players in the India Greenhouse Horticulture Market?
What modes and strategic moves are considered favorable for entering the India Greenhouse Horticulture Market?

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