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According to the latest report by IMARC Group, titled "Commercial Greenhouse Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the global commercial greenhouse market size reached US$ 25.7 Billion in 2019. Commercial greenhouses are high-tech structures that are used to grow plants, particularly fruits, flowers and vegetables, in large volumes for consumers in a highly controlled environment. These structures can efficiently control various environmental factors, including humidity, temperature, ventilation, irrigation, light exposure and fertilization, to foster the cultivation of plants. They make use of transparent glass and plastic materials for the construction of the roof and walls to enable sunlight to pass through for the process of photosynthesis. Commercial greenhouses are also able to transmit visible and near-visible ultraviolet (UV) and infrared radiation (IR), which are essential for plant growth. They are extensively employed for greenhouse water systems and efficient heating systems to improve energy conservation.
Global Commercial Greenhouse Market Trends:
The global market is primarily driven by the higher crop yield rate associated with the utilization of commercial greenhouses. Unlike traditional farming techniques, these greenhouses ensure the efficient growth of plants despite climatic and topographical challenges. Consequently, there has been a significant increase in the adoption of these structures. Apart from this, the growing global population has led to an ever-increasing demand for food. The shortage of cultivable land has further contributed to this deficit. Consequently, market players are establishing greenhouses in an effort to curb the shortage. Consumers have also impelled the demand for locally-sourced fresh fruits and vegetables throughout the year, which has provided a thrust to the market growth. This is further facilitated by shifting lifestyle patterns, inflating disposable income levels and growing preference for fresh and organic food products. Furthermore, governments of numerous countries are also promoting the utilization of commercial greenhouse, which is creating a positive outlook for the market. For instance, the Government of Canada is funding and granting loans for greenhouse growers to support the expansion of the market. These grants are further utilized in conducting research and development (R&D) activities and to train employees regarding the usage of innovative growing systems. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 40.0 Billion by 2025, growing at a CAGR of 8.1% during the forecast period (2020-2025).
Market Summary:
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