by The global commercial greenhouse market is estimated to be valued at US$44.99 Bn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Commercial greenhouses help produce crops throughout the year under protected structures regardless of season and climate. They provide controlled environment for optimum growth of crops and protection from pests and diseases.
Market key trends:
One of the key trends in the commercial greenhouse market is the increasing usage of renewable energy sources like solar and wind. Due to the rising energy costs and focus on sustainability, greenhouse operators are shifting towards integrating renewable energy technologies within greenhouse infrastructure. This helps reduce operational costs and carbon footprint of greenhouse farming. Solar and wind hybrid systems are gaining traction as they provide reliable power supply throughout the year.
Segment Analysis
The global Commercial Greenhouse Market Scope is segmented by type into plastic greenhouses and glass greenhouses. Among these, the plastic greenhouse segment dominates the market and accounts for around 65% share due to lower initial setup costs and high durability. Plastic greenhouses have thin polythene coverings rather than glass, making them lighter and cheaper to install and repair. High resistant to harsh weather conditions and longer lifespan drives the demand for plastic greenhouses over glass ones.
Key Takeaways
The global commercial greenhouse market is expected to witness high growth, exhibiting CAGR of 6.2% over the forecast period, due to increasing adoption of advanced greenhouse technologies and automation.
The commercial greenhouse market size for 2023 is US$ 44.99 Bn.
Regional analysis: Europe dominates with around 35% share of the global commercial greenhouse market due to high demand for crops throughout winter. Asia Pacific is expected to witness fastest growth over the forecast period owing to growing population and rising awareness about commercial greenhouses in countries like China and India.
Key players operating in the commercial greenhouse market are Richel Group, Argus Control Systems Ltd, Rough Brothers Inc., Certhon, Logiqs BV, Lumigrow Inc., Nexus Corporation, Hort Americas, Heliospectra AB, and Agra Tech Inc. Key players are focused on introducing innovative greenhouse designs integrated with latest technologies to control environmental conditions and improve yield.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
