There have been various factors which have played a major role in driving the commercial greenhouse market across the globe. One of the major drivers is that commercial greenhouses provide higher yield compared to traditional agricultural techniques. Increasing trend of rooftop farming is also an important driver of the market. The global commercial greenhouse market is projected to reach USD 29.64 Billion by 2020, growing at a CAGR of 8.8% from 2015 to 2020.
In 2015, Europe is estimated to be the largest market for commercial greenhouse. Asia Pacific is projected to be the fastest-growing market for commercial greenhouse during the forecast period. The market is majorly driven by factors like higher yields compared to traditional agriculture and the lack of arable land and unfavourable climatic conditions for agriculture.
Significant growth in plastic greenhouses was observed in the North America region
Plastic used in commercial greenhouses is made in a manner that makes it more durable than regular plastic. This specially made plastic can resist tearing and can withstand extreme weather conditions. The European plastic greenhouse market dominated the plastic greenhouse market. The North American plastic greenhouse market is projected to grow at the highest CAGR during the forecast period.
Strong product platform provided by ammonia
The demand for polycarbonate is increasing as it is significantly stronger and more durable. The average durability of polycarbonate lasts for around fifty years and requires very low maintenance. There are various grades of polycarbonate such as high heat polycarbonate, impact modified polycarbonate, and optical grades among others. For a greenhouse that has polycarbonate glazing where the polycarbonate is made from new raw materials and not recycled materials, the life of the polycarbonate increases. UV (Ultraviolet) treated polycarbonate provides better clarity than polyethylene film and nearly as much clarity as glass.
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Key to success of the commercial greenhouse market in the European region
Europe is the fastest growing market for commercial greenhouses. The evolution of Controlled Environment Agriculture (CEA) and commercial greenhouses took place in Europe due to the favorable climate for the adoption of greenhouse automation technologies and encouragement from governments. A large number of Europe-based companies have invested significantly in the research of various areas of greenhouse automation, including climate control, lighting, and material handling, among others. As a result of the all-round development in CEA, Europe has become a major market for commercial greenhouse technologies.
The key market players that dominated the commercial greenhouse market include Richel Greenhouse (France), Argus control systems ltd. (U.S), Certhon (U.S.), Logiqs (The Netherlands), Lumigrow (U.S.).
