Commercial Greenhouse Market 2022 - Market Size & Forecast, Industry Trends, Manufacturers Analysis, & Opportunities 2030

The global commercial greenhouse market is estimated to expand at a compounded annual growth rate (CAGR) of 8.0% during the forecast period of 2022-2030.

Commercial greenhouses refer to outdoor structures built with roofs and walls, usually made of transparent materials like plastic or glass and equipped with high technology. These greenhouses allow the cultivation of fruits, flowers, and vegetables under highly controlled conditions and stable environments, ensuring a continuous year-round supply of high-quality products while effectively overcoming climate change issues and land and water shortage.

Various technologies used in commercial greenhouses include: ventilation systems, LED grow lights, heating systems, cooling systems, irrigation system, communication technology, and control systems, among others.

GROWTH DRIVERS:

Factors primarily driving the growth of the market include: the rapidly burgeoning demand for food due to the ever-increasing global population; the rising awareness & knowledge regarding the benefits of commercial greenhouse technology, including easy availability, less initial infrastructure costs, and higher yield; the growing need and adoption of advanced technology in agriculture to achieve high productivity while making efficient utilization of resources; the expanding farming sector, and the rapid urbanization across the globe.

Additionally, the overall land available for cultivation across the globe is shrinking rapidly every year. As a result, there is an increasing need to maximize the crop yield in the available land to meet the proliferating food demand due to the ever-rising global human population. In tandem with the constant fluctuations in the climatic conditions around the world, the factor mentioned above is leading to the escalating adoption of commercial greenhouses among farmers, which, in turn, is augmenting the growth of the global commercial greenhouses market.

Moreover, the number of initiatives and support from the governments of various regions pertaining to the adoption and utilization of commercial greenhouses have been growing in the last few years. For instance, the Canadian government is offering financial assistance to the greenhouse growers with its “Growing Forward 2” initiative that emphasizes at six areas to support agri-businesses, including food safety assurance, environment, climate change, etc. Also, the Taraba State Government in Nigeria, in 2017, launched the greenhouse farming and harvesting of exotic vegetables for sale outside and within Nigeria, which aided in the expansion the greenhouse market in the region.

Furthermore, other factors such as: the growing trend of rooftop farming; the enhancing adoption of greenhouse automation technologies and mergers & acquisitions in the industry; the increasing research and development activities in the sector; and the soaring demand from floriculture and ornamental horticulture applications are anticipated to further create ample growth opportunities for the global commercial greenhouse market during the forecast period.

However, the high initial cost associated with the setup of commercial greenhouse and the dearth of skilled workforce in the market for operating is expected to hinder the growth of the global commercial greenhouse market to a certain extent during the forecast period.

COMMERCIAL GREENHOUSE MARKET SEGMENTATION:

By Type:

·         Free-standing Greenhouses

·         Gutter-connected Greenhouses

By Product Type:

·         Fruits

·         Vegetables

·         Flowers & Ornamentals

·         Nursery Crops

·         Others

o   Tropical Crops

o   Cacti

By Equipment:

·         Cooling Systems

·         Heating Systems

·         Others

o   LED Grow Lights

o   Control Systems

o   Irrigation Systems

o   Ventilation

o   Communication Technology

By Material:

·         Glass

·         Plastic

·         Polyethylene

·         Polycarbonate

·         Polymethyl Methacrylate (PMMA)

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

Based on product type, the vegetables segment is anticipated to witness the highest growth rate in the market during the forecast period. The high demand and consumption of freshly grown vegetables across the globe is the major factor attributable to the segment’s growth.

Based on material, the plastic segment is predicted to register the highest CAGR in the market during the forecast period. The higher durability and the ability to withstand extreme weather conditions of the plastics used in commercial greenhouses is the major factor driving the growth of the segment.

Based on equipment, the heating systems segment is estimated to attain the highest CAGR in the market during the forecast period. This is predominantly due to the increasing significance of heating systems for the effective production of plants in commercial greenhouses.

REGIONAL OUTLOOK:

The European region captured the largest share of the global commercial greenhouse market in 2021. The region is estimated to further continue with its dominance in the market during the forecast period of 2022-2030. Factors attributable to the large share of the region include: the high adoption of greenhouses for cultivation; the early implementation of advanced techniques in greenhouses, the rapid urbanization, technological advancements, and demand for fruits and vegetables in the region. Countries such as Italy, Spain, and the Netherlands are the major contributors to the market's growth in the region.

The North American region is poised to emerge as the fastest-growing regional market for commercial greenhouse during the forecast period of 2022-2030. The growth of the market in the region can be attributed to the growing demand for locally grown fresh fruits & vegetables; the soaring popularity of commercial greenhouses, the increasing shift from traditional techniques to advanced techniques in greenhouses, and the growing presence of leading market players in the region. The U.S., followed by Canada, is the major contributor to the growth of the market in the region.

The Asia Pacific region also held a significant portion of the market share of the global commercial greenhouse market in 2021. The region is expected to witness robust growth in the market in upcoming years because of the proliferating demand for food due to the rapidly surging population; and the growing concerns regarding the declining arable land, especially across the developing countries in the region. India, China, and Japan are the major contributors to the growth of the market in the region.

KEY COMPANIES IN COMMERCIAL GREENHOUSE MARKET:

·         Nexus corporation

·         Top Greenhouses

·         Stuppy Greenhouse

·         The Glasshouse Company Pty Ltd.

·         Omni Structures International

·         Europrogress

·         Richel Greenhouse

·         Argus Control Systems

·         Heliospectra AB

·         Rough Brothers Inc.

·         Logiqs BV

·         Lumigrow Inc.

·         Certhon

·         Hort Americas

·         Agra Tech, Inc.

·         DeCloet Greenhouse Mfg. Ltd.

·         Luiten Greenhouses

·         Ammerlaan Construction

·         Nobutec B.V.

·         Other Players