Press release
Commercial Greenhouse Market Size, Share, Trends, Growth Opportunities, Key Segments, Recent Developments, and Leading Players
MarketsandMarkets™
The global commercial greenhouse market [https://www.prnewswire.co.uk/news-releases/commercial-greenhouse-market-worth-68-7-billion-by-2028--exclusive-report-by-marketsandmarkets-301914557.html] is expected to grow from USD 39.6 billion in 2023 to USD 68.7 billion by 2028, with a CAGR of 11.6% during the forecast period. This expansion is driven by several factors transforming the agricultural sector. Commercial greenhouses offer controlled environments that support year-round crop production, independent of external weather conditions. This consistent supply meets the increasing consumer demand for fresh produce throughout the year, boosting the market's growth. Additionally, the rise in climate variability and extreme weather events has disrupted traditional farming practices. Greenhouses help overcome these challenges by providing stable and protected growing conditions, contributing to the market's growth.
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Commercial Greenhouse Market Drivers [https://www.marketsandmarkets.com/ResearchInsight/size-and-share-of-commercial-greenhouse-market.asp?utm_source=abnewswire.com&utm_medium=paidpr&utm_campaign=commercial-greenhouse-market_040924]: Need for higher yields using limited space and water.
As the global population continues to grow, the scarcity of arable land has become a significant concern, making efficient land use more critical than ever. Commercial greenhouses offer a solution to this challenge by optimizing space through vertical farming, hydroponic, and aeroponic systems. These methods allow for multiple layers of cultivation within a confined area, resulting in significantly higher crop yields compared to traditional open-field farming. Additionally, water scarcity is a pressing issue in many regions, driving the need for water-efficient farming practices. Commercial greenhouses excel in this area by allowing precise irrigation control, minimizing water waste by delivering water directly to plant roots. Advanced irrigation systems, such as drip and recirculation systems, further enhance water efficiency and reduce evaporation losses. These factors are expected to propel the commercial greenhouse market in the coming years.
Commercial Greenhouse Market Opportunities [https://www.linkedin.com/pulse/commercial-greenhouse-market-size-share-growth-drivers-edward-scott-zudff/]: Rise in demand for floriculture and ornamental horticulture applications.
The increasing demand for floriculture and ornamental horticulture presents a significant opportunity for the commercial greenhouse market. As urbanization and disposable incomes rise across the globe, there is a growing interest in enhancing living and working spaces with aesthetically pleasing plants and flowers. Commercial greenhouses provide an ideal environment for cultivating a wide variety of flowers, plants, and ornamental foliage with precision and control. Commercial greenhouses' capacity to provide ideal growing conditions independent of the climate outside is expected to benefit commercial greenhouse market growth. This makes it possible to grow flowers and decorative plants all year long, satisfying demand for these items during off-seasons or in areas with unfavourable weather. Additionally, greenhouses shield sensitive plants from harsh weather, pests, and illnesses, producing goods of superior quality and greater aesthetic appeal.
What factors are driving the dominance of hardware in the equipment segment during the forecast period?
The hardware segment is expected to dominate the commercial greenhouse market due to its essential function in constructing and maintaining greenhouse structures. These hardware components are designed to withstand environmental challenges such as wind, snow, rain, and freezing temperatures. High-quality hardware ensures the greenhouse structure's longevity and reliability, reducing the need for frequent repairs or replacements, ultimately leading to cost savings for greenhouse operators. Additionally, the growth of commercial greenhouse farming in regions with diverse climates and agricultural practices drives the demand for versatile and dependable hardware solutions.
Europe is dominating the commercial greenhouse market share [https://www.marketsandmarkets.com/PressReleases/commercial-greenhouse.asp?utm_source=abnewswire.com&utm_medium=paidpr&utm_campaign=commercial-greenhouse-market_040924].
Urbanization and other land-use pressures have significantly reduced the availability of arable land in certain European countries. In response, commercial greenhouses provide a highly effective solution for maximizing food production in these limited spaces, addressing the critical issue of food security. European institutions, universities, and research organizations are leading the way in agricultural research and innovation. This has resulted in the creation of advanced greenhouse technologies, improved cultivation practices, and high-yield crop varieties that boost productivity and sustainability. Additionally, Europe's well-established commercial greenhouse sector allows for surplus production that can be exported to other regions, further solidifying the region's dominance in the market.
Top Commercial Greenhouse Companies [https://www.marketsandmarkets.com/ResearchInsight/commercial-greenhouse-market.asp?utm_source=abnewswire.com&utm_medium=paidpr&utm_campaign=commercial-greenhouse-market_040924]:
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). These companies have been focusing on expanding their market presence, enhancing their solutions, and partnering with many channel partners and technology companies to cater to consumers across the globe. The deep roots of these players in the market and their robust offerings are among the major factors that have helped them achieve major sales and revenues in the global commercial greenhouse market.
Commercial Greenhouse Industry [https://www.prnewswire.com/news-releases/commercial-greenhouse-market-worth-68-7-billion-by-2028--exclusive-report-by-marketsandmarkets-301914559.html] News:
In August 2023, Certhon (Netherlands) acquired DENSO (Japan), which helped Certhon to accelerate the global expansion of its agricultural production business by leveraging Certhon's advanced horticultural technologies to develop innovative farm models, address food challenges, and enhance the agricultural value chain.
In May 2022, Signify Holding (India) acquired the rights of Fluence (US). This acquisition allowed Signify Holding to expand its product offering in indoor farming lighting solutions that help Signify's position n in the attractive North American horticulture lighting market.
In May 2021, Heliospectra AB (Sweden) partnered with Harahara Inc. (Japan). The partnership enabled Heliospectra AB to sell it to bring light automation to the Japanese market, thereby expanding its geographical presence. The partnership is expected to augment Heliospectra AB's long-term growth strategy in new geographies across the Japanese market.
In December 2020, Prospiant (US) acquired Sunfig Corporation (US), which helps Prospiant by providing software solutions to the market Sunfig Corporation is a provider of software solutions that optimize solar energy investments through upstream design, performance, and financial modelling.
Key Questions Addressed by the Commercial Greenhouse Market Report [https://www.marketsandmarkets.com/Market-Reports/commercial-greenhouse-market-221045451.html?utm_source=abnewswire.com&utm_medium=paidpr&utm_campaign=commercial-greenhouse-market_040924]:
What is commercial greenhouse?
Which players are involved in manufacturing of commercial greenhouse? What are their major strategies to strengthen their market presence?
What crops are most likely to be grown in commercial production greenhouses?
What are the drivers and opportunities for the commercial greenhouse market?
Which region is expected to hold the highest market share?
What are the key technology trends prevailing in the commercial greenhouse market?
What is the total CAGR expected to be recorded for the commercial greenhouse market during 2023-2028?
What type of market failure is climate change greenhouse gases?
Who is the target market for a greenhouse?
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