Press Release

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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