According to the research report titled ‘Global Polyhouse farming Market Size study, by CropType (Fruits, Vegetables, & Herbs, Flowers & Ornamentals, Others), Component (Hardware, Software) and Regional Forecasts 2021-2027’, available with Market Study Report, global polyhouse farming market is expected to amass substantial returns over 2021-2027.
 

As per findings of the report, modernization of agriculture and ill effects of pesticide farming are primarily driving global polyhouse farming market growth. Besides, rising cognizance about organic farming is boosting the overall market outlook.
 

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For the unversed, polyhouse farming is a modern agricultural system that cultivates plants in a controlled environment with respect to humidity, temperature, and fertilizers.
 

Organic farming is gaining popularity due to increasing health concerns associated with high use of pesticides in food. According to the IBEF (India Brand Equity Foundation), the Indian government devoted USD 15.34 million in the financial year 2019-20 for a soil health card scheme to promote organic farming. Similar initiatives by the government is likely to create lucrative prospects for businesses operating in this domain.
 

Speaking of the factors hindering the expansion of worldwide polyhouse farming industry, high implementation cost poses as a threat to businesses.
 

Based on crop type, worldwide polyhouse farming market is split into flowers & ornamentals, fruits, vegetables & herbs, and others. As per component gamut, the industry segmentation comprises software, and hardware.
 

Coming to regional landscape, Asia Pacific (South Korea, Australia, Japan, India, China), North America (The United States, Canada), Europe (Italy, Spain, France, Germany, the United Kingdom), and Latin America (Mexico, Brazil) are the key contributors to the overall market growth. Among these, North America presently holds significant market share, creditable to technological advances in farming and growing awareness regarding the same.
 

On the other hand, Asia Pacific industry is poised to accrue modest revenues by 2027, owing to innovative agriculture practices, presence of key players, and rising disposable income in the region.
 

Moving on to the competitive landscape, well-known firms operating in global polyhouse farming marketplace are Illumitex, Crop One Holdings Inc., Agricool, InFarm, Iron Ox Inc., Gotham Greens, BrightFarms, Bowery Farming, Green Spirit Farms LLC, and AeroFarms.