Commercial greenhouse Market Share & Growth | Report 2028

The commercial greenhouse market is expected to grow from US$ 38 billion in 2022 to US$ 62 billion by 2028; it is anticipated to grow at a CAGR of 8.4% from 2022 to 2028.

Greenhouses are enclosed structures that are equipped with lighting systems, climate control systems, irrigation systems, and ventilation systems, among others, that provide a favorable environment for growing crops. Various crops such as fruits, vegetables, herbs and leafy greens, ornamental plants, and flowers can be grown in greenhouses. Free-standing greenhouses, gutter-connected greenhouses, multi-tunnel greenhouses, and cold frames greenhouses, among others, are a few of the major types of commercial greenhouses used for growing crops. Greenhouse farming also involves using modern agricultural techniques such as hydroponics and aeroponics. Hydroponics is a technique that grows crops without using soil. The plants are grown in nutrient-rich media and in a controlled atmosphere. In aeroponics, plants are grown in a mist environment without using soil or any aggregate medium. The rising global population, rapid urbanization, and introduction of new technologies in the agriculture industry are all driving the growth of the commercial greenhouse market

MARKET DYNAMICS

Over the past few years, people are increasingly shifting to urban areas in search of better employment opportunities and other amenities such as education and healthcare. According to the United Nations, ~68% of the global population is projected to live in urban areas by 2050. Due to rapid urbanization, the availability of arable land has been declining. Conventional agriculture techniques involve high usage of land, water, labor, and other resources. However, greenhouse farming requires less land and labor compared to traditional agriculture. Moreover, greenhouses protect crops from harsh environmental conditions and pest attacks. This factor is driving the growth of the commercial greenhouse market over the forecast period.

MARKET SCOPE

The "Global Commercial Greenhouse Market Forecast to 2028" report aims to provide an overview of the commercial greenhouse market with detailed market segmentation. It provides key statistics on the market status of leading market players and offers key trends and opportunities in the market.

Strategic Insights

MARKET SEGMENTATION

The global commercial greenhouse market is bifurcated on the basis of type and plant type. Based on type, the market is segmented into free-standing, gutter-connected, and others. Based on plant type, the market is segmented into fruits, vegetables, ornamental plants, and others.

REGIONAL FRAMEWORK

The global commercial greenhouse market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. The report covers an analysis and forecast of 18 countries globally, along with current trends and opportunities prevailing in these regions.

Europe dominated the commercial greenhouse market in 2021, and North America is expected to grow at the highest CAGR over the forecast period. The market growth in Europe is majorly attributed to the increasing technological developments in the agriculture industry, rapid urbanization, and rising demand for high-quality, locally produced food. According to the European Union, Germany is the largest organic food market in the EU, accounting for 29% of the total retail sales of organic products in the EU in 2018. According to Centre for the Promotion of Imports from developing countries (CBI), approximately one-third of German consumers consider themselves health-conscious. Additionally, there is a high concentration of vegan population in the country. Thus, the rising vegan population and increased consumption of organic produce will boost the commercial greenhouse market growth in the region.

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The report analyzes factors, such as drivers, restraints, opportunities, and future trends, which are impacting the commercial greenhouse market during the forecast period. It also provides an exhaustive Porter's five forces analysis of the factors influencing the market.

IMPACT OF COVID-19 PANDEMIC

Many sectors, including agriculture and food & beverages, experienced unprecedented challenges due to the onset of the COVID-19 pandemic. Lockdowns, border restrictions, travel bans, shutdown of manufacturing units, and other safety protocols under the guidelines by governments of different nations hampered the commercial greenhouse market growth.

Due to the COVID-19 pandemic, farmer’s interest increased in controlled environment agriculture, where batches of crops can be individually watered and fed with LED lights, allowing them to grow all year round with minimal labor requirements. The dietary preferences of consumers have significantly changed as people became focused on healthy lifestyles and more sustainable diets after the onset of the outbreak, with many consumers preferring pesticide-free and organic food products over other products. All these factors are expected to provide lucrative opportunities to the commercial greenhouse market players in the coming years.

MARKET PLAYERS

The report cover key organic and inorganic growth strategies in the commercial greenhouse market. Various companies are focusing on organic growth strategies such as product launches, product approvals, patents, and events. Inorganic growth strategy activities witnessed in the market were acquisitions, partnerships, and collaborations. These activities encouraged business expansion and customer base of market players. Market players are anticipated to witness lucrative growth opportunities in the coming years with the rising demand for commercial greenhouses.

The report includes key profiles of companies operating in the commercial greenhouse market, along with their SWOT analysis and market strategies. It also focuses on leading industry players with information, such as company profiles, components and services offered, financial information of the last three years, and key development in the past five years. The list of companies operating in the commercial greenhouse market is mentioned below:

• RICHEL GROUP
• Argus Control Systems Limited
• Berry Global Inc.
• Agra Tech, Inc.
• ATLAS MANUFACTURING, INC.
• GGS Structures Inc.
• Rough Brothers, Inc.
• Certhon
• Stuppy Greenhouse
• The Glasshouse Company Pty Ltd

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.

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