Commercial Greenhouse Market is estimated to grow at a robust CAGR of 10.2% during the forecast period | Size, Share, Analysis Report

Commercial Greenhouse Market is predicted to expand at a robust CAGR of 10.2% over the forecast period.

The factors driving growth of the Commercial Greenhouse Market includes growing consumption of fruits and vegetables around the world, greenhouse farming requires less water and area to produce the same amount as compared to conventional farming and improvements in the living standards. Moreover, increase in Government's expenditure on the agriculture sector, growing demand for floriculture and ornamental horticulture applications, rising adoption of advanced technologies and rapid urbanization, are some of the additional factors supplementing the Commercial Greenhouse Market share. In addition, the increasing investments by major companies on research and development, rising disposable incomes and growing population growth rates, are further contributing towards the market growth. 

For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/commercial-greenhouse-market-analysis-industry-research/

However, growth of the Commercial Greenhouse Market is hindered due to inadequate knowledge about the benefits of greenhouse farming.

The prominent players operating in the market are Argus Control Systems Limited, Heliospectra AB, Richel Group, Poly-Tex, Inc., Top Greenhouses, Agra Tech, Inc., GGS Structures Inc., Lumigrow, Logiqs B.V. and Rough Brothers Inc., among others.

Based on Greenhouse Type, the Glass Greenhouses segment is predicted to grow at a significant CAGR during the forecast period

Glass greenhouse provides adequate amount of light transmission and is easily accessible along with its flame-resistant properties, are some of the factors pushing growth of the segment.

Based on Crop Type, the Fruits and Vegetables segment is estimated to expand at a robust CAGR over the forecast period

Increasing use of commercial greenhouse for growing organic fruits and vegetables because it protects crops from severe cold and wind, is the major factor propelling Commercial Greenhouse Market size.

Based on Region, the Asia-Pacific region is anticipated to grow at a remarkable CAGR during the forecast period

As per the Commercial Greenhouse Market Research, increasing number of commercial greenhouses across India, China, and Vietnam, rising demand for organic fruits and vegetables, rapid urbanization and high population growth rates, are some of the important factors augmenting the market growth in the Asia-Pacific region.

Key Development

In 2019, Richel Group and GreenFood completed the second phase of greenhouse complex for the cultivation of strawberries in Armenia. The greenhouse complex has production area around 9 hectares and with this, the GreenFood became one of the largest greenhouse strawberry producers in the CIS countries.

Market Segmentation

Segmentation by Equipment Type

Heating Systems
Cooling Systems
Others

Segmentation by Greenhouse Type

Glass Greenhouses
Plastic Greenhouse

Segmentation by Crop Type

Fruits and Vegetables
Flowers and Ornamentals
Nursery Crops
Others

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe - +353 1 442 8820; US - +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/

Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate, Dublin D18 Y3X2, Ireland

GMI Research's leadership team with extensive experience in research and consulting together with our research and domain expertise creates a strong value proposition to create solutions that addresses our clients business problems and add significant value to long lasting relationship.

This release was published on openPR.