Vietnam Smart Greenhouse Market (2024-2030) | Revenue, Forecast, Trends, Industry, Value, Companies, Growth, Analysis, Share & Size

Topics Covered in Vietnam Smart Greenhouse Market Report

Vietnam Smart Greenhouse Market Report thoroughly covers the market by types, offerings and end-use. Vietnam Smart Greenhouse Market Outlook report provides an unbiased and detailed analysis of the ongoing Vietnam Smart Greenhouse Market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.

Vietnam Smart Greenhouse Market Synopsis

Vietnam Smart Greenhouse Market is experiencing robust growth, fueled by the country's commitment to sustainable agricultural practices and the increasing demand for high-quality produce. In 2024, Vietnam’s agricultural exports reached $46.28 billion, representing a 21% year-on-year growth, with projections indicating a potential rise to $61 billion by the end of the year. With a growing global demand for safe, nutritious, and high-quality food, especially in international markets, smart greenhouses can significantly enhance the quality of crops, such as leafy vegetables, herbs, and high-end fruits like strawberries, by providing the ideal growing conditions. Furthermore, Vietnamese government’s strategic initiatives, including the National Sustainable Agriculture and Rural Development Strategy (2021-2030), are focused on modernizing the agricultural sector., thereby driving the adoption of innovative technologies such as smart greenhouses, which offer solutions to the pressing challenges of climate change, erratic weather patterns, and water scarcity, thereby positioning the market for continued expansion.

According to 6Wresearch, Vietnam Smart Greenhouse market is projected to grow at a compound annual growth rate (CAGR) of 7.8% from 2024 to 2030. Vietnam Smart Greenhouse Market is expected to continue its upward trajectory, with several government-backed initiatives designed to accelerate the adoption of climate-resilient farming practices. For instance, the Climate Smart Agriculture Transformation Project (CSAT), launched in 2023 with a budget of $136.4 million, aims to enhance agricultural sustainability, particularly in high-risk regions like the Mekong Delta. Additionally, as the Vietnamese middle class is projected to comprise 40% of the population by 2030, demand for high-quality, nutritious food products is expected to increase, further driving the adoption of smart greenhouse solutions.

Market Segmentation By Types

Hydroponics is expected to experience the fastest growth in the Vietnam smart greenhouse market due to its ability to efficiently utilize space and water, addressing key challenges such as land scarcity and water shortages. With the rising demand for high-quality produce like leafy greens, strawberries, and herbs, hydroponic systems are increasingly favored for their capacity to produce crops without soil, using controlled nutrient solutions.

Market Segmentation By Offerings

The hardware segment, including control and automated irrigation systems is poised for rapid growth. This can be attributed to the increasing adoption of advanced technologies for managing environmental conditions within greenhouses, ensuring optimal crop production year-round. With the Vietnamese government’s support for smart agriculture through projects like the Climate Smart Agriculture Transformation Project (CSAT), which focuses on improving resource efficiency and resilience, demand for reliable greenhouse hardware solutions is expected to grow.

Market Segmentation By End-User

The commercial segment of the smart greenhouse market is expected to grow rapidly owing to the increasing interest from large-scale commercial growers aiming to maximize productivity and meet the demand for premium agricultural products. Commercial growers are investing heavily in smart greenhouse systems to meet both domestic and export demand for high-quality crops, thereby contributing to market expansion in upcoming years.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Vietnam Smart Greenhouse Market Overview
• Vietnam Smart Greenhouse Market Outlook
• Vietnam Smart Greenhouse Market Forecast
• Historical Data and Forecast of Vietnam Smart Greenhouse Market Revenues, for the Period 2020-2030F
• Historical Data and Forecast of Vietnam Smart Greenhouse Market Revenues, By Type, for the Period 2020-2030F
• Historical Data and Forecast of Vietnam Smart Greenhouse Market Revenues, By Offering, for the Period 2020-2030F
• Historical Data and Forecast of Vietnam Smart Greenhouse Market Revenues, By End-User, for the Period 2020-2030F
• Vietnam Smart Greenhouse Market Revenue Ranking, By Companies
• Vietnam Smart Greenhouse Market Drivers and Restraints
• Vietnam Smart Greenhouse Market Porters Five Forces
• Vietnam Smart Greenhouse Market Opportunity Assessment
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Type

• Hydroponics
• Non-Hydroponics

By Offering

• Hardware
  • Components
    • HVAC Systems
    • LED Grow Lights
    • Irrigation Systems
    • Sensor and Control Systems
    • Valves and Pumps
  • Covering Material
    • Polyethylene
    • Polycarbonate
    • Others (Fiberglass, Acrylic, PVC etc.)
• Software & Services

By End-user

• Commercial Growers
• Research & Educational Institutes
• Retail Gardens
• Others (Export Oriented Farms, Aquaponics Farmers etc.)