Market Size –
The commercial greenhouse market size has grown rapidly in recent years. It will grow from $32.44 billion in 2023 to $35.86 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to growing demand for fresh produce, increasing population, climate change and extreme weather events, sustainability and organic farming.
The commercial greenhouse market size is expected to see rapid growth in the next few years. It will grow to $53.91 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to urbanization and limited arable land, government incentives and regulations, consumer preferences, export opportunities. Major trends in the forecast period include research and development, technological advancements, sustainable and eco-friendly practices, smart and automated greenhouses, vertical farming, controlled-environment agriculture (cea), specialty crop production, circular agriculture, health and wellness products.
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Scope Of Commercial Greenhouse Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
Increasing population and low availability of arable land are the key factors driving the growth of the commercial greenhouse market. The vine seed production in greenhouse farming is more than double that of conventional cultivation, attributed to regulated media and environmental conditions. For instance, in July 2022, according to a report published by the United Nations, the current world population stood at 7.9 billion in 2021, with projected increases to 8.5 billion in 2030, 9.7 billion in 2050, and 10.9 billion in 2100. in 2030, 660 million people may still experience hunger. As a result, current arable land is under pressure to grow more food by using soil treatment devices. Thus, the situation of increasing food demand and decreasing arable land is expected to boost the growth of the commercial greenhouse market, which provides a better harvest both in terms of quality and quantity than the traditional methods.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The commercial greehouse market covered in this report is segmented –
1) By Type: Glass Greenhouse, Plastic Greenhouse
2) By Equipment Type: Cooling Systems, Heating Systems, Other Equipments
3) By Crop Type: Fruits, Vegetables, Flowers & Ornamentals, Nursery Crops, Other Crops
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Regional Insights –
Europe was the largest region in the commercial greenhouse market in 2023. North America is expected to witness the highest growth rate during the forecast period. The regions covered in the commercial greehouse market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the commercial greehouse market report are Heliospectra AB, Nexus Corporation, Rough Brothers Inc., Agra Tech Inc., LumiGrow Inc., Logiqs BV, Certhon – Greenhouse Solutions BV, Argus Control Systems Ltd., Richel Group, Hort Americas, International Greenhouse Company, Top Greenhouses, Poly-Tex Inc., Stuppy Greenhouse, The Glasshouse Company Pty Ltd, Omni Structures International, Europrogress S. r. l., DeCloet Greenhouse Manufacturing Ltd., Luiten Greenhouses B. V., DutchGreenhouses B. V., Green Tek Inc., Texas Greenhouse Company Inc., Cravo Equipment Ltd., Hoogendoorn Growth Management B. V., Van Wingerden Greenhouse Company Inc., Growers Supply Company Inc., Atlas Manufacturing Inc., Rimol Greenhouse Systems Inc., GGS Structures Inc., A&B Packing Equipment Inc., CropKing Inc., Harnois Industries Inc., Multinovavent Greenhouse Company LLC, Agrofarma Inc., AgriTech Solutions LLC, Svensson USA Inc., BW GLOBAL Structures Inc., Conley’s Manufacturing and Sales Corp., Netafim USA Inc., Van der Hoeven Horticultural Projects B. V.
Table of Contents
1. Executive Summary
2. Commercial Greenhouse Market Report Structure
3. Commercial Greenhouse Market Trends And Strategies
4. Commercial Greenhouse Market – Macro Economic Scenario
5. Commercial Greenhouse Market Size And Growth
…..
27. Commercial Greenhouse Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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