Latin America Commercial Greenhouse Market value worth $ 3.49 billion by 2021| Market Data Forecast

The Latin America Commercial Greenhouse Market was worth $ 2.55 billion in 2016 and estimated to be growing at a CAGR of 6.53%, to reach $ 3.49 billion by 2021. Growing of crops in a controlled environment for commercial purpose in a greenhouse is called as Commercial greenhouse market. All the required arrangements are made in the warehouse, where photosynthesis is performed in the crops giving fresh fruits and vegetables.

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Temperature is one of the most important parameters for plant photosynthesis. Due to this, a commercial greenhouse needs to be equipped with technologies for maintaining the ideal temperature required for photosynthesis. Thus, heating systems and cooling systems together constituted nearly 51% of the commercial greenhouse market. Moreover, these systems are more superior to the traditional farming in providing the desired light spectrum at all stages of plant growth, are energy-efficient, and offer longer operating life. These features help to adopt LED grow lights.

Unfavourable weather conditions for traditional agriculture, demand for the rooftop farming, rising population, increasing demand for the fresh fruits and vegetables, urbanisation and also demand for the flowers and ornamentals, higher yield than traditional agriculture is some of the drivers for this market. High investment for the inventory, lack of skilled professionals and less government funds are some of the restraints for this market.

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The Commercial greenhouse market is segmented on the basis of equipment, type, crop, and by region. On the basis of equipment, the market is segmented into heating systems, cooling systems and others. On the basis of type, the market is segmented into glass greenhouse, plastic greenhouse and others. On the basis of crop type, the market has been segmented into fruits and vegetables, flowers and ornamentals, nursery crops and others crops. On the basis of region, the global market is analysed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle east and Africa.

Latin America Commercial Greenhouse Market Geographical Analysis
• Brazil
• Mexico
• Rest of Latin America

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Latin America Commercial Greenhouse Market Leaders' Analysis
• Richel Group SA
• Certhon
• Argus Control Systems Ltd.
• Logiqs
• Lumigrow
• Keder Greenhouse
• Agra Tech, Inc
• Hort Americas, LLC
• Rough Brothers Inc.
• Heliospectra AB

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