Vietnam Smart Greenhouse Market is projected to grow at a CAGR of 7.8% from 2024 to 2030

Hardware segment by Offering held the highest revenue share in Vietnam Smart Greenhouse Market -6Wresearch

The hardware segment garnered the highest revenue share in 2023, driven by the need for advanced greenhouse infrastructure and automated farming solutions. The growing investment in greenhouse construction, including automated climate control and irrigation systems, has propelled the demand for hardware.

According to 6Wresearch, the Vietnam Smart Greenhouse Market is projected to grow at a compound annual growth rate (CAGR) of 7.8% from 2024 to 2030. The market is expected to sustain its growth trajectory, driven by the country’s shift towards net-zero emissions by 2050 as exemplified by the National Sustainable Agriculture and Rural Development Strategy (2021–2030), which seeks to build a modern and efficient agricultural sector, aiming for an annual GDP growth rate of 2.5% to 3% in agro-forestry-fishery sectors.  Furthermore, the growth of Vietnam’s middle class, projected to account for 40% of the population by 2030, is expected to fuel the demand for high-quality, safe, and nutritious food products, thereby driving the demand for smart greenhouses to ensure long-term food security and productivity.

According to Suryakant, Senior Research Analyst, 6Wresearch, the commercial growers segment accounted for the largest revenue share in 2023 due to the increasing demand for high-quality, export-oriented agricultural products. With Vietnam positioning itself as a key exporter of fresh produce such as rice, dragon fruit, and herbs, commercial greenhouse operators have increasingly adopted smart farming technologies to meet export standards.

Vietnam Smart Greenhouse Market (2024-2030) report provides an in-depth analysis with 17 figures and 7 tables, covered in 66 pages. The report thoroughly covers market by types, offerings and end-use. Vietnam Smart Greenhouse Market outlook report provides an unbiased and detailed analysis of the on-going Vietnam Smart Greenhouse Market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.