Commercial Greenhouse Market:
Growth opportunities in the commercial greenhouse market look promising over the next six years. This is mainly due to the growing adoption of rooftop farming, sustainable and economically feasible plant yielding, and more control over the environment, including temperature and irrigation.
Commercial Greenhouse Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The accelerating population throughout the world, along with the surging food demand, global warming, and changing climate impacting crop yield and the augmenting acquisition of rooftop farming, are some of the key drivers stimulating the growth of the commercial greenhouse market. In accordance with the United Nation’s Food Agricultural Association, the global population is anticipated to reach eight billion by 2030, which will lead to the expansion in food demand, thereby strengthening the commercial greenhouse market size. Also, farming provides more control over the environment, which includes the air humidity, temperature, irrigation process, and light efficiency for the growth of plants.
Additionally, other factors like reliable and cost-efficient plant yields, easy growth of off-season vegetables, the advantage of planting a wide variety of plants in different cells and spaces will further promote the market growth. The growing demand for floriculture and horticulture practices is likely to boost the market growth. However, insufficient awareness and massive capital investment concerned with the greenhouse will hinder the market size. Moreover, the need for precise technology for managed environmental growth coupled with the consciousness regarding crop failure due to mechanical malfunction, which can result in fast-spreading diseases, will further curb the commercial greenhouse market share.
Equipment Type Segment Drivers
Based on the equipment type, heating systems are projected to witness a faster CAGR during the forecast period. This is primarily because of their escalating acquisition for even temperature without releasing harmful materials for plants. Furthermore, the increasing implementation of these systems with automatic controls and the utilization of radiant hot water heating systems for internal heating at the time of cold weather conditions propels market growth.
Regional Drivers
Based on regional coverage, Asia-Pacific is expected to expand at a higher CAGR over the forecast period. This is attributed to the growing population and demand for food, primarily in emerging economies like China, Sri Lanka, Indonesia, and India. According to the APEDA (Agricultural & Processed Food Products Export Development Authority), India exported $75.89 million floriculture products and fruits and vegetables worth $1,277.38 million in 2019-20. This is anticipated to raise the market growth.
Commercial Greenhouse Market’s leading Manufacturers:
- GGS Structures Inc.
- Heliospectra AB
- Rough Brothers Inc.
- Agra Tech, Inc.
- Poly-Tex, Inc.
- Richel Group
- Argus Control Systems Limited
- Lumigrow
- Top Greenhouses
- Logiqs B.V.
Commercial Greenhouse Market Segmentation:
Segmentation by Equipment Type
- Heating Systems
- Cooling Systems
- Others
Segmentation by Greenhouse Type
- Glass Greenhouses
- Plastic Greenhouse
Segmentation by Crop Type
- Fruits and Vegetables
- Flowers and Ornamentals
- Nursery Crops
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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