Commercial greenhouse refers to structures with walls and roof made primarily of transparent material like glass that allows the passage of sunlight while providing a protective growing environment. Commercial greenhouses are used for various horticulture purposes like growing of flowers and ornamental plants, fruits and vegetables. The need for commercial greenhouses arises due to rising global food demand and need for year-round supply of fresh produce. Commercial greenhouses help farmers to cultivate crops easily in a controlled environment independent of climatic conditions and soil quality thereby increasing productivity and yields.
The Global Commercial greenhouse market is estimated to be valued at US$ 51.83 Bn in 2024 and is expected to exhibit a CAGR of 11.% over the forecast period 2024 to 2031.
Key players operating in the Commercial greenhouse market are BASF SE, Phenospex, WIWAM, Lemnatec Corporation, Plant-DiTech, Hiphen, Delta-T Devices Ltd., Phenomix, Keygene, Qubit Systems, WPS B.V., Photon Systems Instruments, Vienna Biocenter, Heinz Walz Gmbh, CropDesign, and Rothamsted Research. BASF is one of the leading players in the commercial greenhouse market offerings greenhouse films, nutrients, and plant protection solutions.
Increasing consumption of exotic foods and vegetables across major economies is a major opportunity in the Commercial Greenhouse Market Forecasts. Growing demand for locally grown, fresh, and sustainable foods is expected to drive the adoption of commercial greenhouses in many regions worldwide. Key players are focusing their business expansion in emerging markets such as Asia-Pacific and Latin America which is expected to contribute to global commercial greenhouse market growth over the forecast period.
The major market driver for commercial greenhouse market is rising demand for off-seasonal produce across major economies. The increasing preference for locally grown fresh foods is driving the adoption of commercial greenhouses globally. Additionally, growing need to optimize agricultural yields to meet the rising global food demand is also augmenting the commercial greenhouse market growth.
Lack of standardization in greenhouse designs and operations in some regions poses a major challenge for the commercial greenhouse market growth. High initial investment costs required for establishing commercial greenhouses also acts as a major market restraint. Lack of technical know-how and support especially in emerging economies further hinders the commercial greenhouse market expansion.
Segment Analysis
The commercial greenhouse market comprises protected cultivation, open field cultivation. Among these, protected cultivation dominates the segment as it allows year-round cultivation of crops while controlling various climatic conditions such as temperature, humidity, light etc. This helps in producing high yields and quality of crops. The predominance of protected cultivation segment is expected to continue in the forecast period as well due to rising demand for off-season vegetables & fruits and the need for sustainable production practices.
Global Analysis
Regionally North America dominates the commercial greenhouse market currently. This is attributed to the large-scale adoption of greenhouse production techniques in countries like the US and Canada. North America is followed by Europe which also has a well-established market due to greenhouse vegetable production. Asia Pacific is expected to grow at the fastest rate during the forecast period due to increasing greenhouse set-ups in countries like China, India and Japan to ensure food security. Latin America and the Middle East & Africa are projected to create lucrative opportunities for market players over the coming years.
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