South Korea Commercial Greenhouse Market Overview, 2029

South Korea’s agriculture is marked by its focus on rice as the dominant crop, followed by fruits, vegetables, and barley. Due to limited arable land and a mountainous landscape, South Korea relies on high-efficiency farming techniques to maximize productivity on its available farmland. The country's population, which is increasingly urbanized, has shifted demand towards fresh, high-quality, and locally produced foods, further motivating advancements in agricultural technology. Yield production in South Korea has significantly improved over the years, thanks to government initiatives aimed at modernizing farming through the adoption of precision agriculture, mechanization, and research into new crop varieties. However, challenges such as labor shortages, climate change, and urban encroachment have pressured the agricultural sector to become more resilient and sustainable. In response, South Korea has invested in sustainable farming practices and technologies that ensure long-term food security while minimizing environmental impact.

According to the research report, "South Korea Commercial Greenhouse Market Outlook, 2029," published by Bonafide Research, the South Korea Commercial Greenhouse market is anticipated to add to more than USD 180 Billion by 2024–29. The commercial greenhouse market in South Korea is growing rapidly, driven by the need to increase food production in a controlled and efficient environment. Greenhouses offer a solution to the country’s agricultural challenges, such as land scarcity and unpredictable weather conditions. The adoption of high-tech greenhouses, particularly those utilizing hydroponic systems and climate control technologies, has gained traction due to the demand for fresh produce throughout the year. The government has supported the growth of the commercial greenhouse sector through subsidies and policies promoting smart agriculture, making the industry more attractive to investors and farmers alike. Furthermore, the shift towards eco-friendly practices, such as reducing carbon emissions and optimizing water use, has been a key factor in the expansion of greenhouse farming in South Korea. In order to promote the use of greenhouse technology and aid in the expansion of industry, the South Korean government has provided support in the form of laws, subsidies, and research initiatives. Given South Korea's emphasis on agricultural innovation and self-sufficiency, the commercial greenhouse sector is poised for expansion and offers a wealth of opportunities for collaboration, investment, and the promotion of sustainable farming practices.

In South Korea's commercial greenhouse sector, the market is mainly segmented into glass and plastic greenhouses. Dominating this market are plastic greenhouses, which capture the largest share due to their cost-effectiveness, straightforward installation, and versatility. This segment is likely to sustain its dominance in the upcoming years, propelled by the rising demand for economical and efficient greenhouse options. The country's conducive climate and governmental support for sustainable agricultural practices play a crucial role in the expansion of the commercial greenhouse market. Furthermore, South Korea is home to numerous greenhouse manufacturers that prioritize innovative and sustainable technologies. The agricultural industry is progressively moving towards sustainable methods, which is increasing the demand for commercial greenhouses. In summary, the South Korean commercial greenhouse market is poised for substantial growth, driven by the increasing adoption of plastic greenhouses and the need for continuous crop production.

The commercial greenhouse market in South Korea is segmented into various technological categories, including Heating Systems, Cooling Systems, and other technologies. Currently, Heating Systems are at the forefront of this market segment, driven by the country's diverse climatic conditions and the imperative to maintain optimal growing environments throughout the year. The adoption of sophisticated heating technologies, such as biomass and geothermal systems, is crucial for ensuring that crops flourish despite external temperature variations. This is particularly significant given South Korea's limited arable land and severe weather conditions, which make effective greenhouse management vital for food security. Research indicates that heating systems not only regulate temperature and humidity effectively but also greatly enhance the yield and quality of crops. While Cooling Systems are essential for temperature management during the hotter months, their demand does not rival that of heating technologies. Additionally, the integration of smart technologies, including IoT devices and automated climate control, further optimizes the performance of heating systems, enabling precise environmental regulation.

COVID-19 Impacts:
The commercial environment greenhouse business is not exempt from the ongoing effects of the corona virus (COVID-19) menace in the South Korea. The COVID-19 epidemic is having a detrimental effect on agriculture's whole supply chain, which has an effect on the demand for commercial greenhouses. The epidemic is causing lockdown conditions over the South Korea. The supply-chain interruption has made it difficult for many producers in the greenhouse sector to ship their goods. In addition, the government of the South Korea has declared a state of lockdown and ordered social isolation in an effort to stop the spread of the disease, which has caused imports and exports to be slowed down and limited. Due to their inadequate supply chains, suppliers to commercial greenhouses suffered.

Considered in this report
• Geography: United States (US)
• Historic Year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• United States (US) commercial Greenhouse Farming Market with its value and forecast along with its segments
• Application wise commercial greenhouse farming distribution
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation



Based on Greenhouse types:
• Glass Greenhouse
• Plastic Greenhouse

Based on technologies types:
• Cooling system
• Heating system
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to indoor farming, greenhouse farming, agricultural industry, food & beverage industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.