Commercial Greenhouse Market Drivers, Opportunities, and Forecasts by 2031

The Commercial Greenhouse Market size is projected to reach US$ 69.21 billion by 2031 from US$ 36.51 billion in 2023. The market is expected to register a CAGR of 8.3% in 2023–2031. The growing scarcity of fertile land and increasing demand for agricultural products owing to the rise in population are driving the demand for commercial greenhouses globally. Rising urbanization and changing weather patterns are also driving the evolution of the commercial greenhouse market at the global level.

Commercial Greenhouse Market Analysis

Commercial greenhouses play a crucial role in the crop production. The greenhouse technology demonstrates an importance in overall food production. Artificial techniques such as coolers and heaters primarily manage the greenhouse atmosphere. The growing population and increasing demand for various sorts of vegetables and fruits throughout the year are projected to drive the development of the commercial greenhouse market globally. Commercial greenhouse technology is expensive. High-end technologies and proper maintenance are required for the smooth operation of commercial greenhouses, which might inhibit the growth of the commercial greenhouse market. However, the rising population and increasing demand for food products are anticipated to steer the growth of the commercial greenhouse market globally.

Commercial Greenhouse Market Overview

The growing government focus on producing the same number of crops and vegetables while using less water and land is driving the demand for commercial greenhouses globally. The increasing food demand, expanding global population, and the requirement to advance crop yield and productivity are steering the growth of the commercial greenhouse market. Growing investments in research and development activities for advancing commercial greenhouse technologies are contributing to the advancement of crop varieties, quality, quantity, availability, and cultivation procedures, which certainly impact commercial greenhouse sustainability and productivity. The commercial greenhouse market is segmented by type and plant type. The commercial greenhouse market by type is categorized into free-standing, gutter-connected, and others. In addition, the market by plant type is classified into fruits, vegetables, ornamental plants, and others.

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Commercial Greenhouse Market: Strategic Insights

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Commercial Greenhouse Market Drivers and Opportunities

Growing Population and Food Uncertainty is Expected to be the Prime Driver for the Commercial Greenhouse Market

The growing population and increasing food uncertainties in various nations are anticipated to boost the importance of the commercial greenhouse market globally. China, India, the US, Indonesia, Pakistan, Nigeria, and Brazil are some of the most highly populated countries globally. Rapid urbanization and growing demand for food are acting as a major driving factor for the application of commercial greenhouses. The changing pattern of weather conditions, scarcity of fertile land and lack of agricultural water supply are some of the prime factors negatively impacting the amount of crop yield in many nations. On the other hand, population expansion and insufficient food production are steering the demand for a commercial greenhouse for meeting the ever-increasing food requirement.

Growing Demand for Ornamental Horticulture and Floriculture

The increasing demand for unconventional flowers and orchids for decorating purposes and growing consumer preference for aesthetically beautiful plants and flowers for home decoration is anticipated to drive the growth of the commercial greenhouse market over the forecast period. The rising export and import of flowers or orchids for commercial trading purposes are also encouraging the usage of commercial greenhouses, as it ensures the availability of particular flowers or orchids throughout the year.

Commercial Greenhouse Market Report Segmentation Analysis

Key segments that contributed to the derivation of the commercial greenhouse market analysis are type, plant type and equipment type.

• Based on the type, the commercial greenhouse market has been divided into glass greenhouse, and plastic greenhouse. The glass greenhouse segment held a larger market share in 2023.
• In terms of plant type, the market has been segmented into fruits, vegetables, ornamental plants, and others. The vegetable segment dominated the market in 2023.
• In terms of equipment type, the market has been segmented into heating systems, cooling systems, and others. The heating segment dominated the market in 2023.

Commercial Greenhouse Market Share Analysis by Geography

The geographic scope of the Commercial Greenhouse Market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Europe led the commercial greenhouse market in 2023. The Europe region includes Germany, the UK, France, Italy, and Russia, among others. High investment in advanced technologies for boosting food production and increasing the availability of seasonal fruits and vegetables throughout the year is driving the demand for commercial greenhouses in the Europe region. Growing demand for unconventional ornamental flowers and orchids for home decoration is also boosting the growth of the commercial greenhouse market in Europe. Temperature variations and changing weather conditions are major factors hampering the growth of vegetables and fruits in various countries. The nations with extreme temperature conditions are fueling the demand for commercial greenhouses in Europe.

Commercial Greenhouse Market Regional Insights

The regional trends and factors influencing the Commercial Greenhouse Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Commercial Greenhouse Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Commercial Greenhouse Market Report Scope

Commercial Greenhouse Market Players Density: Understanding Its Impact on Business Dynamics

The Commercial Greenhouse Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Commercial Greenhouse Market are:

1. Argus Control Systems Limited.
2. Agra Tech Inc.
3. Hort Americas
4. RICHEL Group
5. LumiGrow Inc.
6. Keder Greenhouse

Disclaimer: The companies listed above are not ranked in any particular order.

Commercial Greenhouse Market News and Recent Developments

The Commercial Greenhouse Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for Commercial Greenhouse Markets market and strategies:

• On September 2023, Pure Harvest and Richel Group collaborated to install smart growing systems worth more than US$150 million across the Middle East and Asia. (Source: Richel Group, Press Release/Company Website/Newsletter)

Commercial Greenhouse Market Report Coverage and Deliverables

The “Commercial Greenhouse Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed PEST analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles with SWOT analysis