The commercial greenhouse market size is estimated to be valued at USD 29.6 billion in 2020 and projected to reach USD 50.6 billion by 2025, recording a CAGR of 11.3% during the forecast period. The growth of the market can be attributed to the rising demand for food due to the growing population, and climate change, which affects the yield of crops. Also, growing knowledge about commercial greenhouse technology for higher yield will provide various growth opportunities for commercial greenhouse market in coming years.
On the basis of equipment, the heating system is projected to grow the fastest during the forecast period. Heating systems are considered as one of the vital requirements for the effective production of plants in commercial greenhouses. Systems which provide constant temperature control and do not discharge any harmful material is contributing towards the growth of the plants.
On the basis of type, the plastic greenhouse segment is projected to grow the fastest during the forecast period. The 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.
On the basis of product type, vegetables segment is expected to grow the fastest during the forecast period. Greenhouses are a great tool for growing vegetables. It helps in growing vegetables all year around without being concerned about the changing weather, temperature, or other conditions. Producing vegetables in greenhouses protects the crops from harsh conditions such as cold, wind, pests, drought, blistering heat, and critters trying to eat them. Growing vegetables in greenhouses also allows in creating the most suitable condition for the crops owing to the controlling factors available in greenhouses, such as moisture, light, temperature, fertilization, humidity, and irrigation.
The North America region is expected to witness the highest growth rate during the period projected. North American growers formerly used traditional techniques to create a controlled environment within greenhouses. These techniques included insulated greenhouses, use of hot water piping systems to increase the temperature in greenhouses, and conventional lighting technologies such as high-pressure sodium (HPS) lamps and metal-halide (MH) lamps.
Key Market Players:
Richel Greenhouse (Eygalieres, FR), Argus Control Systems(British Colombia, Canada), Heliospectra AB (Gothenburg, SE), Rough Brothers Inc. (Vine Steet, Cincinnati, US), Logiqs BV (Maasdijk, NL), Lumigrow, Inc. (Emeryville, CA), Certhon (Poeldijk, Zuid Holland, NL), Hort Americas (Bedford, US), Agra Tech, Inc. (Pittsburg, US), Nexus corporation (Northglenn, Colorado, US), Top Greenhouses, Poly-Tex, Inc. (US), Stuppy Greenhouse (US), The Glasshouse Company Pty Ltd (Australia), Omni Structures International (Canada), Europrogress (Mirandola, ITA), DeCloet Greenhouse Mfg. Ltd. (Canada), Luiten Greenhouses (De Lier, ZH, NL), Sotrafa (Spain), Ammerlaan Construction (Netherlands), and Nobutec B.V. (Netherlands).