Commercial Greenhouse Market Insights
Commercial Greenhouse Market is projected to be worth USD 59.88 Billion by 2028, registering a CAGR of 9.6% CAGR during the forecast period (2022-2028), The market was valued at USD 31.52 Billion in 2021. The vegetable segment accounted for the largest market share due to the high demand for organic vegetables. The plastic greenhouse segment is estimated to support the growth of the market as it is economic, with minimal setup and low maintenance. The regional segment is dominated by Europe due implementation of high technologies in the agriculture sector and commercial greenhouses.
A commercial greenhouse is a controlled environment to produces crops, flowers, trees, shrubs, vegetables, and various other plants and is sold for commercial consumption. Various greenhouses have transparent roofs to allow sunlight to grow the plants and some have artificial light that acts as sunlight.
Commercial Greenhouse Market Dynamics
Production of crops in a controlled environment such as greenhouses is estimated to drive the market. As crops produced in the greenhouse have a higher yield than traditional methods.
High investment in the initial setup with precise monitoring and execution technologies is estimated to hamper commercial greenhouse market growth.
Rising demand for organic vegetables and demand for floriculture and ornamental horticulture applications is estimated to attract more opportunities in the commercial greenhouse market.
COVID-19 Analysis of Commercial Greenhouse Market:
The Covid-19 pandemic has adverse impact on the market due to the imposition of stringent rules by the government such as global lockdowns, which disrupted the supply and demand of raw materials in agriculture. Many growers have lost supply in stores and are either cutting back on stock or shutting doors entirely. The pandemic’s initial effects in China were tremendous. However, the nation’s circumstances have stabilized post Covid-19, and all product and service production rates have increased. As a result, it is determined that COVID-19’s overall impact on the commercial greenhouse market is moderate.
Commercial Greenhouse Market Report Coverage
|Report Attributes||Report Details|
|Market Size in 2028 (USD Billion)||59.88|
|By Product Type||Fruits, Vegetables, Flowers & Ornamentals, Nursery Crops|
|By Type||Glass greenhouse, Plastic greenhouse|
|By Equipment||Cooling systems, Heating systems, Others
LED grow lights, Control systems, Irrigation systems, Ventilation, Communication technology
|By geography||North America: U.S., Canada, Mexico
Europe: Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe
Asia Pacific: China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile, Rest of Latin America
The Middle East and Africa: GCC, Turkey, Israel, Rest of MEA
Commercial Greenhouse Market Segmental Analysis:
The product segment is divided into fruits, vegetables, flowers & ornamentals, nursery crops, and others. The vegetable segment is projected to grab larger market attention in the forecast period. As organic vegetables grown in a greenhouse without the usage of pesticide and harmful chemicals is getting more attraction. Further, tomatoes, lettuce, broccoli, squash, strawberries, herbs, and kale are high in demand across the globe. This factor is estimated to boost the growth of the commercial greenhouse market.
The type segment is categorized into glass greenhouse and plastic greenhouse. The plastic greenhouses segment gained the largest market share in 2021. The factors responsible for the growth of the market are benefits associated with plastic greenhouses such as the capability to survive in high temperatures and harsh weather, easy setup, and low maintenance. Further, its low-cost benefit makes it ideal for low-budget options. Hence, the plastic segment is estimated to dominate the commercial greenhouse market.
The Equipment segment is bifurcated into a heating system, and cooling systems. The heating system is probable to generate the highest revenue in the commercial greenhouse market. This system is responsible to maintain the temperature at the required level and plays a major part in plant growth.
By Region, the Commercial greenhouse market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Europe is anticipated to lead the regional segment in the commercial greenhouse market. The factors responsible for the growth of the market are the implementation of new technologies, and advanced agriculture systems. Spain, Netherland, and Turkey are some of the dominating countries in the region fueling the demand for the commercial greenhouse market.
Commercial Greenhouse Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Major companies are focusing on market expansion strategies such as product launches, mergers & acquisitions, and expansion of manufacturing facilities to boost market presence.
- Argus Control Systems
- Richel Greenhouse
- Rough Brothers Inc.
- Heliospectra AB
- Lumigrow, Inc.
- Logiqs BV
- Hort Americas
- Nexus Corporation
- Agra Tech, Inc.
- Stuppy Greenhouse
- Top Greenhouses
- Poly-Tex, Inc.
- The Glasshouse Company Pty Ltd.
What is the Size of Commercial Greenhouse Market ?
The Commercial Greenhouse Market size is worth USD 59.88 Billion by 2028.
Who are the Key players operating in this industry?
Argus Control Systems, Richel Greenhouse, GGS, Rough Brothers Inc., Heliospectra AB are the major players operating in this industry.
Which region contributed the largest share of the market growth?
Europe is anticipated to contributed the largest share of the market growth.
What is the leading market-driving factor?
Production of crops in a controlled environment such as greenhouses is estimated to drive the market.
Which is the main product segment in this market?
Plastic greenhouse are anticipated to contribute the largest share to the product segment.
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