Growth Drivers and Market Trends in the Commercial Greenhouse Industry

The commercial greenhouse market is set to expand significantly, with projections indicating growth from USD 39.6 billion in 2023 to USD 68.7 billion by 2028, at a CAGR of 11.6%. This growth is driven by evolving needs across industries and the capability of greenhouses to cultivate a wide range of crops irrespective of local climates, thus enhancing market opportunities for growers.

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Plastic Greenhouse Segment:

Among greenhouse types, the plastic segment holds the largest market share and is expected to maintain its dominance. This is attributed to rising global environmental concerns and their ability to achieve higher yields. Leading market players are increasingly investing in R&D to develop efficient products, expanding their footprint in developing regions with diverse product offerings.

Hardware Equipment Dominance:

Hardware components constitute the largest segment by equipment, crucial for ensuring efficient greenhouse operations. Structural frameworks, ventilation systems, and automated controls play pivotal roles in optimizing growing conditions, impacting factors like temperature and humidity. The demand for technologically advanced hardware solutions is rising as businesses prioritize consistent yields and resource efficiency.

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Vegetable Crop Segment Leadership:

Vegetables represent the largest segment by crop type due to their dietary importance and year-round demand. Commercial greenhouses facilitate continuous production, meeting consumer preferences for locally sourced and sustainably grown produce. This aligns well with evolving consumer trends towards fresh and environmentally conscious food choices.

European Market Dynamics:

Europe leads the global market, driven by consumer demand for consistent vegetable supply throughout the year. Favorable government policies, incentives for sustainable farming, and advanced agricultural technologies further bolster market growth in the region.

The key players in this market include Berry Global Group, Inc (US), Signify Holding (Netherlands), Heliospectra AB (Sweden), PLASTIKA KRITIS S.A. (Greece), EVERLIGHT ELECTRONICS CO., LTD (Taiwan), Prospiant (US), RICHEL GROUP (France), Argus Control Systems Limited (Canada), Certhon (Netherlands), LOGIQS.B.V. (Netherlands), Lumigrow, Inc (Canada), Agra Tech, Inc (US), Hort Americas (US), Top Greenhouses (Israel), Stuppy Greenhouse (US).

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