Commercial Greenhouse Market is predicted to reach USD 66.21 billion by 2030 with a CAGR of 8.5%

The Global Commercial Greenhouse Market size is estimated to be USD 26.99 billion in 2019 and is predicted to reach USD 66.21 billion by 2030 with a CAGR of 8.5% from 2020-2030.

Commercial Greenhouse is a place created for the cultivation of various plants in the controlled climatic conditions created by using artificial lights and temperature controller to provide the required climate for the specific plants. On a commercial scale greenhouses are used for the cultivation of seasonal fruits and vegetable and ornamental flowers which are used for the decoration purpose on a large scale. It can also be customized as per the requirements and it can also be divided into different sections for different crops.

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Top Companies: Lumigrow, Argus control systems ltd., Richel Group SA, Logiqs, Rough Brothers, Inc., Heliospectra AB, Gibralter Industries, Hort Americas, LLC and Certhon and others.

Market Dynamics and Trends

Over the period of there have been various technological advancement have taken place in the market coupled with development of infrastructure in agriculture sector. Moreover, increased demand of food production owing to the increase in population all over the globe is also expected to fuel the growth of commercial greenhouse market.

The other factors include increase in the production of crops as compared to conventional methods, shortage of arable land and increased adoption of greenhouse with increased demand of seasonal fruits and vegetable all around the year are also expected to drive the market growth. However, high cost of initial investment and setup are expected to create certain setback in the commercial greenhouse market. On the other hand, emergence of rooftop greenhouses coupled with increase in government initiatives to further increase the adoption of greenhouse is further expected to create ample opportunities in the commercial greenhouse market over the forecast period.

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Market Segmentations and Scope of the Study:

The global commercial greenhouse market share is analyzed on the basis of type, equipment, crop type and geography. On the basis of type, the market is segmented into Glass Greenhouse and Plastic Greenhouse. The plastic greenhouse is sub segmented into Polyethylene, Polycarbonate, and Polymethyl Methacrylate. On the basis of equipment, the market is divided into Heating System, Cooling System, and Others. Based on crop type, the market is fragmented into fruits and vegetables, flower and ornamental, nursery crops and others. Fruits and vegetable are further classified into Tomatoes, Cucumber, Watermelon, Pepper, Eggplant, Squash, Strawberries, Banana, and Others. Flowers and ornamentals are further categorized into Cut Flowers, Indoor Ornamental Plants, Natural Flower Bulbs, and Outdoor Ornamental Plants. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America is expected to account for the major market share over the forecast period owing to the increased adoption of commercial greenhouse with advanced technology and developed infrastructure. Moreover, increased demand of food with constant increase in population is further expected to promote the growth of commercial greenhouse market.

Asia Pacific is expected to sow rapid growth with gradual increase in market share owing to the increased production as compared to the conventional agriculture coupled with increased demand of seasonal fruits and vegetables and ornamental flowers all around the year are also expected to accelerate the growth of commercial greenhouse market in the near future.

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