Latin America Horticulture Light Market Size & Outlook, 2025-2030
Latin America Horticulture Light Market Size
According to Straits Research analysis, the Latin America Horticulture Light Market was valued at USD 1613.63 million in 2024 and is projected to reach USD 4,668.3 million by 2030, expanding at a CAGR of 19.1% during the forecast period. This growth can primarily be attributed to sectors like agriculture which increasingly utilize horticulture lights for greenhouse farming and vertical farming. Industries like chemicals and energy are also expected to drive demand as they explore bio-based and renewable energy production respectively. Trends in green production, sustainability, and tech advancements such as smart horticulture are paving the way for new market opportunities. The export potential offered by Latin America, especially for high-value horticultural crops, can be a key growth enabler. With its strategic initiatives in sustainable and technologically advanced farming practices, Latin America is well-positioned to play a crucial role in the global Horticulture Light Market.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Latin America Horticulture Light Market Highlights
- Within Lighting Type, Toplighting accounted for the largest market size in 2024.
- During the forecast period, Interlighting is anticipated to remain the highest-growth segment within the Lighting Type category.
- Latin America represented 9.97% of the global horticulture light market size in 2024.
- By 2030, United States is estimated to hold the largest position in the global market in terms of size.
- Mexico is estimated to remain the fastest-growing market in Latin America, advancing to USD 4707 Million by 2030.
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Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2021-2030 |
| Historical Period | 2021-2023 |
| Forecast Period | 2025-2030 |
| Market Size In 2024 | USD 1340.65 Million |
| Market Size In 2030 | USD 3392.65 Million |
| Largest segment | Toplighting |
| Fastest segment | Interlighting |
| Units | Revenue in USD Million |
| CAGR | 19.1% (2025-2030) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Latin America Horticulture Light Market Share By Lighting Type
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Country |
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| Lighting Type |
|
| Lighting Technology |
|
| Application |
|
Latin America Horticulture Light Market By Country 2030
Source: Straits Research Analysis Company Publications, Primary Interviews.
Latin America Horticulture Light Market By Lighting Type 2030
Source: Straits Research Analysis Company Publications, Primary Interviews.
Latin America Horticulture Light Market By Lighting Technology 2030
Source: Straits Research Analysis Company Publications, Primary Interviews.
Latin America Horticulture Light Market By Application 2030
Source: Straits Research Analysis Company Publications, Primary Interviews.
