United Kingdom Greenhouse Market to Grow with a CAGR of 4.15% through 2028
Growth in research and development activities is expected
to drive the United Kingdom Greenhouse Market growth in the forecast period,
2024-2028.
According to TechSci Research report, “United
Kingdom Greenhouse Market– By Region, Competition, Forecast and Opportunities,
2018-2028F”, the United Kingdom Greenhouse Market stood at USD152.36
million in 2022 and is anticipated to grow with a CAGR of 4.15% in the forecast
period, 2023-2028. The initiatives taken by government based on greenhouse has
led to favorable market conditions for the United Kingdom Greenhouse Market.
Several factors contribute to the growth of various greenhouse market products.
The UK government, recognizing the
urgency of addressing climate change, has set an ambitious target of achieving
net zero greenhouse gas (GHG) emissions by 2050. This commitment is outlined in
the comprehensive "Net Zero Strategy: Build Back Greener," which
presents a range of policies and proposals aimed at decarbonizing every sector
of the UK economy. By implementing these measures, the government aims to
ensure a sustainable and environmentally responsible future for the country.
In addition to
the net zero target, the UK government has also expressed a keen interest in
exploring and promoting Greenhouse Gas Removal (GGR) technologies. These
innovative solutions actively remove greenhouse gases from the atmosphere,
helping to offset emissions and mitigate climate change. Examples of such
technologies include afforestation, where forests are planted to absorb carbon
dioxide, and bioenergy with carbon capture and storage, which involves
capturing carbon emissions produced from bioenergy production and storing them
underground. By actively pursuing these GGR technologies, the UK government is
demonstrating its commitment to tackling climate change and achieving a greener
future.
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Research and
development (R&D) activities play a pivotal role in driving growth in the
UK greenhouse market. Through continuous innovation, these activities not only
generate new ideas for production but also facilitate the transfer of
technology, enabling the industry to overcome the risks associated with
traditional farming practices more effectively. Additionally, the R&D subsidies
provided by the UK government are serving as a catalyst, further accelerating
the pace of innovation in the greenhouse industry. This constant pursuit of
advancements in technology and practices is fueling the sustained growth and
success of the greenhouse market in the UK. The United Kingdom Greenhouse
Market is segmented in type, crop type, regional distribution, and company. Based on its type, the plastic greenhouse segment
held the largest share in the market. The dominance of the plastic greenhouse
segment also aligns with global sustainability goals. Plastic greenhouses,
especially those constructed from recyclable or biodegradable materials, not
only offer a lower environmental impact compared to traditional glass
greenhouses but also contribute to the reduction of plastic waste.
Additionally, their superior insulation properties not only result in energy
savings for heating but also provide a more stable and controlled environment
for optimal plant growth. These factors make plastic greenhouses a viable and
eco-friendly choice for sustainable agriculture practices.
Based on region, London segment is expected to grow
during the forecast period.
London's dedicated efforts towards sustainable
development not only solidify its position in the greenhouse market but also
demonstrate its commitment to combatting climate change. By actively working
towards decoupling economic growth from carbon emissions, the city sets an
inspiring example for other urban centers. London's emphasis on environmentally
friendly practices, such as greenhouse farming, aligns with the global trend
towards sustainable agriculture, contributing to the overall resilience of the
food system. These collective efforts not only boost London's prominence in the
greenhouse market but also position it as a leader in promoting sustainable
practices and addressing the challenges of a changing climate.
Major companies operating in United Kingdom Greenhouse
Market are:
- Swallow GB Limited
- Cultivar Limited
- Griffin Glasshouses Limited
- Alitex Limited
- Vitavia Garden Products Limited
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“Growing application of greenhouse in various end user
industries are key drivers of the greenhouse market. Growth in competitive
landscape and presence of well-established companies in the market who are
dedicated to enhance their productivity of greenhouse with every passing year
are anticipated to register an impressive growth to United Kingdom Greenhouse
Market in the forecast period.,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based management consulting firm.
“Greenhouse Market By Type (Plastic
Greenhouse, Glass Greenhouse), By Crop Type (Fruits & Vegetables, Flowers
& Ornamentals, Others), By Region, By
Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of United Kingdom Greenhouse Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in United Kingdom Greenhouse Market.
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