Commercial Greenhouse Market worth $ 30.4 Billion in 2021 - Exclusive Report by xResearch offering Market Sizes, Forecast, & Competitive Landscape

According to a new report published by xResearch, titled, “Commercial Greenhouse Market Insights, Trends, Opportunity & Forecast, 2021–2030,” the global commercial greenhouse market size is anticipated to witness moderate growth during the forecast period i.e. 2021-2030. The proliferating global food demand due to rapidly rising worldwide population; the surging awareness & knowledge regarding the benefits of commercial greenhouse technology; the increasing need and adoption of advanced technology in agriculture to achieve high productivity while making efficient utilization of resources; and the growing urbanization across the globe are among the major factors contributing to the growth of the global commercial greenhouse market.

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According to product type, the vegetables segment is predicted to achieve the highest CAGR in the market during the forecast period. According to material, the plastic segment is anticipated to attain the highest growth rate in the market during the forecast period. According to equipment, the heating systems segment is projected to register the highest CAGR in the market during the forecast period.

Geographically, the European region acquired the largest share of the global commercial greenhouse market in 2020 and is estimated to further retain its lead in the market during the forecast period of 2021-2030. Italy, Spain, and the Netherlands are among the key contributors to the market's growth in the region. The North American region is slated to grow at the highest growth rate in the market during the forecast period of2021-2030. The U.S., followed by Canada, is the primary contributor to the growth of the market in the region. The Asia Pacific region also accounted for a prominent share of the global commercial greenhouse market in 2020. Countries such as India, China, and Japan are among the predominant contributors to the growth of the market in the region.

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Some of the major commercial greenhouse companies profiled in the report include Nexus Corporation, Top Greenhouses, Stuppy Greenhouse, The Glasshouse Company Pty Ltd., Omni Structures International, Europrogress , Richel Greenhouse, Argus Control Systems, Heliospectra AB, and Rough Brothers Inc.

The global commercial greenhouse market is segmented into type, product type, equipment, material, and region. Based on type, the market is bifurcated into free-standing greenhouses and gutter-connected greenhouses. Based on product type, it is classified into fruits, vegetables, flowers & ornamentals, nursery crops and others. Based on equipment, it is classified into cooling systems, heating systems, and others. The others segment is further categorized into LED grow lights, control systems, irrigation systems, ventilation, and communication technology. Based on material, it is classified into glass, plastic, polyethylene, polycarbonate, and polymethyl methacrylate (PMMA).

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The global commercial greenhouse market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).

Key Insights of Commercial Greenhouse Market

• On the basis of product type, the vegetables segment is predicted to achieve the highest CAGR in the market during the forecast period.
• On the basis of material, the plastic segment is anticipated to attain the highest growth rate in the market during the forecast period.
• On the basis of equipment, the heating systems segment is projected to register the highest CAGR in the market during the forecast period.
• On the basis of region, Europe acquired the largest share of the global commercial greenhouse market in 2020 and is estimated to further retain its lead in the market during the forecast period of 2021-2030.
• On the basis of region, North America is slated to grow at the highest growth rate in the market during the forecast period of 2021-2030.

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About xResearch:
xResearch is a leading independent provider of strategic and analytical market research. We create data and analysis on thousands of products and services around the world. Our market research reports empower companies with strategic data, analysis and consumer trends in a single resource.

We unite the most profound insight over the vastest arrangement of capital-escalated businesses and markets. By interfacing information crosswise over factors, our analysts give our clients a wealthier, profoundly incorporated perspective of their industry. With experienced domain experts, xResearch strives to provide best solutions and accurate forecast which enables the client to take informed decisions.

This release was published on openPR.