Category

South Korea Commercial Greenhouse Market Size, Share, Opportunities And Trends By Type (Free Standing, Gutter Connected), By Component (High-Tech Commercial Greenhouse, Medium-Tech Commercial Greenhouse, Low-Tech Greenhouse) And By Application (Fruits And Vegetables, Flowers And Ornamentals, Nursery Crops) - Forecasts From 2019 To 2024

81 pages
Published on : Jun 2019
Report Code : KSI061612643

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Description

The South Korea commercial greenhouse market is projected to grow with a CAGR of 6.50%. South Korea is one of the major commercial greenhouse markets in the Asia Pacific region. The demand for commercial greenhouses in the country is on the rise and is also attracting multiple new international players into the market. Furthermore, the South Korean government is also practicing favorable regulations and policies in order to promote the usage of greenhouses to improve the overall cultivability of the agricultural sector. In addition, the country is also heavily invested in multiple local projects to improve the technological capabilities of their greenhouses and in the installation of newer units, such as hydrophobic units.

DRIVERS

Supportive Government Initiatives

Increasing demand for improvement in productivity in adverse climatic conditions

RESTRAINTS

Presence of conventional methods for cultivating crops

INDUSTRY UPDATE

In October 2018, Roots Sustainable Agriculture Technologies, have secured their first order in South Korea for two Root Zone Temperature Optimization (RZTO) systems, to be used in hydroponic greenhouses.

In July 2018, the Department of Agriculture in the country has received a grant worth US$2.43 million to be used to promote and install smart greenhouse projects to improve the domestic tomato production.

The major players profiled in the South Korea Commercial Greenhouse market include Bokyung Greenhouses Ltd., Netafim, Teshuva Agricultural Projects, Nam Kyung Co., Ltd., and TAEKWANG NEWTEC.

Segmentation

The South Korea commercial greenhouse market has been analyzed through the following segments:

By Type

Free Standing

Gutter Connected

By Component

High-Tech Commercial Greenhouse

Heating System

Heaters

Valves

Vents

Others

Cooling System

Fans

Cooling Pad Systems

Medium-Tech Commercial Greenhouse

Heaters

Cooling Pads

Thermostats

Exhaust Fans

Others

Low-Tech Greenhouse

By Application

Fruits and Vegetables

Flowers and Ornamentals

Nursery Crops

Target audience

Manufacturers

Suppliers

Distributors

Service Providers

Government Agencies

Research Organizations

Consultants

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