Posted 4/9/2024, 10:23:00 AM
Greenhouse Farming Growth Blooms to $38B Industry by 2034 amid Land Scarcity and Food Security Pursuits
- Commercial greenhouse market projected to grow at 8.3% CAGR during 2024-2034, reaching $38.02 billion in 2023
- Increasing focus on sustainable food production and land scarcity driving greenhouse adoption
- COVID-19 initially challenged industry but highlighted importance of local food production
- Export opportunities expanding with globalization of food supply chains
- Government support and incentives promoting greenhouse farming and sustainable agriculture