The Commercial Greenhouse Market is on a significant growth trajectory. It is projected to achieve a valuation of USD 68.7 billion by 2028, surging from an estimated USD 39.6 billion in 2023. This growth is driven by a multitude of factors that reflect the evolving needs and priorities of individuals, businesses, and industries.
Greenhouses have become essential in agriculture as they enable the cultivation of a wide range of crops, even those that may not be well-suited to the local climate. This diversification of crops can significantly expand market opportunities for growers. Moreover, greenhouses offer protection against extreme weather events, helping farmers mitigate risks associated with crop losses due to factors like hail, frost, or heavy rainfall.
Key Highlights:
1. Plastic Greenhouses Lead the Way:
The plastic greenhouse segment is expected to dominate the market due to heightened global environmental concerns and their capacity for higher yields. Leading market players are investing in research and development to create efficient and high-quality products, especially in developing geographical locations. Plastic greenhouses offer versatility, ranging from small standalone structures to large gutter-connected setups. This adaptability positions plastic greenhouses to drive the market in the coming years.
2. Hardware: The Backbone of Commercial Greenhouses:
Hardware components, including structural frameworks, ventilation systems, heating and cooling systems, lighting, irrigation systems, and automated controls, play a pivotal role in greenhouse operations. They establish the foundation for efficient and effective greenhouse cultivation, directly influencing critical factors such as temperature, humidity, lighting intensity, and nutrient delivery. As the adoption of commercial greenhouses increases, investments in advanced and robust hardware solutions become a priority for growers and businesses to ensure consistent yields, high-quality produce, and resource efficiency.
3. Vegetables Dominate Crop Cultivation:
Vegetables hold a prominent position in daily dietary intake globally. Commercial greenhouses offer an ideal environment for year-round vegetable cultivation, meeting consistent consumer demand regardless of seasonal constraints. Additionally, consumer preferences are shifting toward locally sourced and sustainable produce, aligning with commercial greenhouses’ ability to provide fresh and environmentally conscious options.
4. Europe Leads the Way:
Europe stands as the largest market for commercial greenhouses in terms of value in 2022. Several factors contribute to the expansion of the commercial greenhouse market in Europe. A steady year-round supply of vegetables and other crops is in high demand, and greenhouses are well-positioned to meet this demand. Europe’s inclination toward cutting-edge agricultural technologies, supportive government policies, and incentives for sustainable farming practices further boost the market in the region.
Key Market Players:
Leading players in the commercial greenhouse market include Berry Global Group, Inc (US), Signify Holding (Netherlands), Heliospectra AB (Sweden), PLASTIKA KRITIS S.A. (Greece), EVERLIGHT ELECTRONICS CO., LTD (Taiwan), Prospiant (US), RICHEL GROUP (France), Argus Control Systems Limited (Canada), Certhon (Netherlands), LOGIQS.B.V. (Netherlands), Lumigrow, Inc (Canada), Agra Tech, Inc (US), Hort Americas (US), Top Greenhouses (Israel), and Stuppy Greenhouse (US). These companies are driving innovation and growth in the commercial greenhouse industry, aligning with the evolving needs of the agricultural sector.
