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.
Supportive Government Initiatives
Increasing demand for improvement in productivity in adverse climatic conditions
Presence of conventional methods for cultivating crops
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.
The South Korea commercial greenhouse market has been analyzed through the following segments:
Cooling Pad Systems
Medium-Tech Commercial Greenhouse
Fruits and Vegetables
Flowers and Ornamentals