Adoption of greenhouse automation technologies and rise in research and development activities are expected to drive the growth of the global commercial greenhouse market in the forecast period, 2023-2027.
However, high initial set-up cost and requirement of precision technology for a controlled environment may restrain the growth of the global commercial greenhouse market in the forecast period.
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The global commercial greenhouse market is segmented by product type, type, equipment, regional distribution, and competition landscape.
On the basis of product type, the global commercial greenhouse market is divided into fruits, vegetables, flowers & ornamentals, among others. The vegetable segment is expected to witness the fastest incremental growth in the forecast period, 2023-2027. The commercial greenhouse is a boon for vegetable farming as it helps grow vegetables around the year without concern about the temperature, changing weather, and other conditions. Growing vegetables in greenhouses prevent the plants from being affected by harsh conditions such as pests, the cold, wind, and blistering heat. It provides the most suitable environmental conditions to grow the crop, including fertilization, humidity, moisture, light, and irrigation. The careful setting of humidity and moisture and adjustable temperature settings provides the plant with essential humidity from both the environment and roots, therefore lowering the water stress.
On the basis of type, the global commercial greenhouse market is divided into plastic greenhouse and glass greenhouse. The plastic greenhouse segment is dominating the market and is expected to maintain its dominance throughout the forecast period. The plastic used in the commercial greenhouse is durable, resist tearing, and can withstand extreme conditions.
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On the basis of equipment, the global commercial greenhouse market is divided into cooling systems, heating systems, others. The heating systems are expected to account for a significant market share in the forecast period. In a commercial greenhouse system, the heating systems are considered crucial to ensure the effective production of plants. Heating systems provide constant temperature control according to the need and do not emit any harmful substances into the environment. These systems can be centrally distributed or controlled. Commercial greenhouses use radiant hot water heating systems for internal heating purposes during cold weather conditions. They can regulate the temperature of heating pipes by flow control and use mixing valves for temperature control.
On the basis of regional analysis, the North America region is expected to witness the highest growth in the forecast period. The use of advanced technologies to advance the equipment and product used in commercial farming and growing urbanization is creating the growth of commercial farming to maintain the constant supply of vegetables and fruits in grocery stores throughout the year.
Major players operating in global commercial greenhouse market are:
- Lumigrow, Inc.
- Agra Tech, Inc.
- Argus Control Systems
- Heliospectra AB
- Nexus Corporation
- The Glasshouse Company Pty Ltd
- Poly-Tex, Inc.
- DeCloet Greenhouse Mfg. Ltd.
- Rough Brothers Inc.
- Logiqs BV
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“Market players are making efforts to maintain an efficient supply chain network to keep the structure running smoothly. Rapid changes in environmental conditions, the decline in fertile land, technological advancements, and the development of an efficient supply chain network are expected to create huge potential for the global commercial greenhouse market growth. Favorable government initiatives such as “Growing Forward 2” by the government of Canada by providing financial incentives and a growing number of market players leading to intense competition among them is expected to propel the growth of the global commercial greenhouse market till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Commercial Greenhouse Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Product Type (Fruits, Vegetables, Flowers & Ornamentals, Others), By Type (Plastic Greenhouse v/s Glass Greenhouse), By Equipment (Cooling Systems, Heating Systems, Others), and By Region”, has evaluated the future growth potential of global commercial greenhouse market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global commercial greenhouse market.
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