Commercial Greenhouse Market to Grow with a CAGR of 9.51% through 2028
Increased investment in smart & precision farming
and advancements in greenhouse technology is expected to drive the Global Commercial
Greenhouse Market growth in the forecast period, 2024-2028.
According to TechSci Research report, “Commercial
Greenhouse Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Commercial Greenhouse
Market stood at USD
38.67 Billion in 2022 and is anticipated to grow with a CAGR of 9.51% in the forecast
period, 2024-2028. The Global Commercial Greenhouse Market is primarily
propelled by several dynamic factors which includes technological advancements
in greenhouse equipment, increased demand for food due to global population
growth, and heightened awareness of sustainable farming practices. Furthermore,
the challenges posed by changing climates and the need to ensure year-round
crop production have significantly contributed to the market's expansion. Governmental
initiatives and subsidies supporting the adoption of green farming techniques
are also influencing the growth trajectory of the commercial greenhouse
industry.
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The global commercial greenhouse market is
experiencing significant growth driven by several factors. There is a rising
demand for food worldwide, fueled by the growing population and changing
dietary preferences. As urbanization continues to accelerate, more people are
living in cities with limited space for traditional agriculture. This has led
to an increased emphasis on innovative farming techniques such as greenhouse
farming. To meet the growing food demand efficiently, greenhouse farming has
become an attractive solution. Technological advancements such as hydroponics,
aeroponics, and aquaponics have revolutionized the way crops are cultivated in
greenhouses. These innovative techniques allow for precise control of nutrient
delivery, water usage, and environmental conditions, resulting in higher crop
yields and improved resource efficiency.
Moreover, the commercial greenhouse industry is
gaining significant traction as a sustainable solution to the multifaceted
challenges posed by climate change and limited land availability. With the
ability to create a precisely controlled environment, greenhouse farming offers
a viable alternative to traditional farming practices that often rely on
unpredictable weather conditions and expansive land areas. By utilizing
advanced technologies and innovative techniques, greenhouse farming not only
mitigates the environmental impact but also ensures a more stable and reliable
food supply.
As a result, emerging nations around the world are
increasingly embracing the concept of commercial greenhouse farming to address
their pressing food security concerns. By harnessing the inherent benefits of
this modern farming technique, these countries can substantially enhance their
agricultural productivity, reduce their dependencies on food imports, and
foster self-sufficiency in food production. This, in turn, leads to a holistic
transformation in the economic development and overall stability of these nations,
thereby unlocking a pathway towards sustainable growth and prosperity. The
global commercial greenhouse market holds immense promise, driven by the rising
food demand, technological advancements, and the need for sustainable farming
practices. With the increasing adoption of greenhouse farming techniques, it is
evident that this industry will continue to play a crucial role in meeting the
world's food requirements while addressing the challenges posed by climate
change and limited land resources. By continuously exploring new technologies
and practices, the commercial greenhouse market can further improve its
efficiency and contribute to a more sustainable and resilient global food
system.
The Global Commercial Greenhouse Market is segmented
into product type, type, equipment, regional distribution, and company.
Based on product type, the vegetable segment is
projected to experience significant growth, with the highest Compound Annual
Growth Rate (CAGR) during the forecast period. Greenhouses play a crucial role
in this growth, providing an ideal environment for year-round vegetable cultivation,
unaffected by unpredictable weather conditions. By utilizing greenhouses,
farmers can ensure continuous vegetable production without worrying about
fluctuating temperatures, adverse weather, or other external factors.
Greenhouses offer a protective shield against harsh
conditions such as cold, strong winds, pests, drought, blistering heat, and
pesky critters attempting to feast on the crops. This controlled environment
safeguards the vegetables, enabling them to thrive and reach their full
potential. By leveraging the advantages of greenhouses, farmers have precise
control over essential factors like moisture levels, light exposure,
temperature regulation, fertilization, humidity, and irrigation. This level of
control allows for the creation of the most favorable conditions, resulting in
optimal crop growth and productivity.
Based on region, the North American region is
experiencing remarkable growth in the Global Commercial Greenhouse Market. This
growth is primarily fueled by advancements in technology, which have
revolutionized the way we approach sustainable farming practices. Increasing awareness
about the importance of sustainable agriculture has also played a significant
role in driving this growth. The surge in popularity of organic produce has
created a demand for year-round crop production, regardless of weather conditions.
Commercial greenhouses have emerged as a solution to meet this demand, offering
controlled environments that allow for consistent and high-quality crop yields.
In addition to market demand, government initiatives
promoting sustainable agriculture practices have further propelled the adoption
of commercial greenhouses in the North American region. These initiatives aim
to support farmers and encourage the use of innovative technologies that
enhance productivity while minimizing environmental impact. Technological
innovations in greenhouse systems, such as climate control and automation, have
significantly contributed to the growth of the commercial greenhouse market.
These advancements have enabled precise temperature, humidity, and lighting
control, optimizing crop growth and maximizing yield potential. With all these
factors combined, the North American region is positioned as a key player in
the Global Commercial Greenhouse Market, driving innovation and shaping the
future of sustainable farming practices.
Major companies operating in Global Commercial
Greenhouse Market are:
- Lumigrow, Inc.
- Agra Tech, Inc.
- Argus Control
Systems
- Heliospectra AB
- Nexus Corporation
- The Glasshouse
Company Pty Ltd
- Poly-Tex, Inc.
- DeCloet
Greenhouse Mfg. Ltd.
- Rough Brothers
Inc.
- Logiqs BV
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“The future of the Global Commercial Greenhouse Market
looks highly promising, with expectations of significant growth. This is
largely due to the rising demand for food and the increasing need for
sustainable farming practices around the world. As populations continue to
grow, there is a greater emphasis on finding innovative solutions to meet the
rising food requirements while minimizing environmental impact. Commercial
greenhouses offer a viable solution by providing controlled environments that
optimize crop growth and minimize water and resource consumption. Furthermore,
advancements in technology, such as precision farming and automation, are also
anticipated to streamline commercial greenhouse operations. These technological
innovations enable real-time monitoring and data-driven decision-making,
leading to improved crop yields and resource management. Additionally,
automation systems can help reduce labor costs and increase operational efficiency,
making commercial greenhouse farming more economically viable. The future of
the Global Commercial Greenhouse Market is driven by the increasing demand for
food, the need for sustainable farming practices, and technological
advancements that optimize crop growth and resource management. As the world
continues to face challenges in food production and environmental
sustainability, commercial greenhouses provide a promising solution that can
meet these demands while mitigating the impact on the planet.,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based management
consulting firm.
“Commercial Greenhouse Market - Global Industry
Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product Type
(Fruits, Vegetables, Flowers & Ornamentals, Others), By Type (Plastic
Greenhouse and Glass Greenhouse), By Equipment (Cooling Systems, Heating
Systems, Others), By Region and Competition”, has evaluated
the future growth potential of Global Commercial Greenhouse Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Commercial Greenhouse Market.
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