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Commercial Greenhouse Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A1460
Market Overview:
The global commercial greenhouse market size reached US$ 32.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 56.4 Billion by 2028, exhibiting a growth rate (CAGR) of 8.9% during 2023-2028.
Greenhouse is an outdoor structure which is built with roof and walls made up of transparent materials like glass or plastic. It is equipped with high technology to control the temperature and stabilize the environment for the cultivation of plants such as fruits, flowers and vegetables, etc.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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The major factor driving the growth of the commercial greenhouse is its ability to provide high yield production as compared to the traditional farming techniques. Moreover, rising demand of food, declining arable land due to increasing population and sudden environmental changes have also fueled the commercial greenhouse market. Greenhouse technology enables the crop producers to produce those products which have the shortage of supply, thereby creating opportunity for them to produce marketable products. Additionally, increasing government initiatives, such as one in August 2017, Taraba state government (Nigeria), launched greenhouse farming and harvesting of exotic vegetables for sale within and outside Nigeria, which further boosted the greenhouse market in the region. Similarly, Canadian government is also providing some financial assistance to the greenhouse growers with its “Growing Forward 2” initiative (a federal-provincial-territorial initiative) which focuses at six different areas to support agri-businesses like - environment and climate change; food safety assurance; plant health; labor productivity, etc. Some of the other factors that are expected to drive the global commercial greenhouse market include- rising trend of rooftop farming, rapid urbanization, adoption of greenhouse automation technologies, utility savings, increasing R&D activities and mergers & acquisitions in the industry, etc.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global commercial greenhouse market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type, material used, technology and crop.
Breakup by Type:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- Free-standing Greenhouses
- Gutter-connected Greenhouses
Breakup by Material Used:
- Glass Green House
- Horticulture Glass
- Others Greenhouse Glass
- Plastic Green House
- Polyethylene
- Polycarbonate
- Polymethyl Methacrylate (PMMA)
Breakup by Technology:
- Heating System
- Cooling System
- Others
Breakup by Crop:
- Fruits and Vegetables
- Flowers and Ornamentals
- Nursery Crops
- Others
Breakup by Region:
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- North America
- Europe
- Asia- Pacific
- Latin America
- Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being RICHEL Group, Certhon Build B.V., Argus Control Systems Limited, LOGIQS B.V., LumiGrow, Inc., Keder Greenhouse, Agra Tech, Inc., Hort Americas and Heliospectra AB.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Type, Material Used, Technology, Crop, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Companies Covered | RICHEL Group, Certhon Build B.V., Argus Control Systems Limited, LOGIQS B.V., LumiGrow, Inc., Keder Greenhouse, Agra Tech, Inc., Hort Americas and Heliospectra AB |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report
The global commercial greenhouse market was valued at US$ 32.0 Billion in 2022.
We expect the global commercial greenhouse market to exhibit a CAGR of 8.9% during 2023-2028.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary halt in various agricultural activities, thereby negatively impacting the global market for commercial greenhouse.
The rising demand for commercial greenhouse structure to provide high yield production, along with the growing number of favorable government initiatives for promoting greenhouse farming techniques, is primarily driving the global commercial greenhouse market.
Based on the type, the global commercial greenhouse market has been divided into free-standing greenhouses and gutter-connected greenhouses, where gutter-connected greenhouses currently exhibit a clear dominance in the market.
Based on the material used, the global commercial greenhouse market can be categorized into glass green house and plastic green house. Currently, plastic green house accounts for the majority of the global market share.
Based on the technology, the global commercial greenhouse market has been segregated into heating system, cooling system, and others. Among these, heating system currently holds the largest market share.
Based on the crop, the global commercial greenhouse market can be bifurcated into fruits and vegetables, flowers and ornamentals, nursery crops, and others. Currently, fruits and vegetables exhibit a clear dominance in the market.
On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global commercial greenhouse market include RICHEL Group, Certhon Build B.V., Argus Control Systems Limited, LOGIQS B.V., LumiGrow, Inc., Keder Greenhouse, Agra Tech, Inc., Hort Americas, and Heliospectra AB.
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