The Global Commercial Greenhouse Market is on an upward trajectory, showcasing significant advancements and innovation. Valued at $39.75 billion in 2023, the market is projected to expand at a robust CAGR of 11.8%, reaching $86.79 billion by 2030. This industry is transforming agriculture with controlled environments, high yields, and technological advancements to address global food demands.
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Market Growth Dynamics
Greenhouse farming enables the cultivation of flowers, fruits, vegetables, and ornamental plants year-round, irrespective of climatic and soil challenges. With the rising demand for high-yield, low-water farming, commercial greenhouses offer a sustainable alternative. Recent USDA data revealed that greenhouse farming could increase crop yield by over 5 times compared to traditional farming techniques.
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Country-Specific Highlights
Opportunity Growth in Vietnam
Vietnam is a rising star in the greenhouse market, driven by increasing investment in modern agriculture. Government subsidies and private partnerships are fostering greenhouse projects to boost food security and export capacities.
Trends in Thailand
Thailand’s shift toward smart agriculture has spurred the adoption of greenhouse technologies. Local initiatives focus on integrating AI-driven irrigation systems to improve productivity and minimize costs.
Consolidation in Japan
Japanese firms are leading in advanced automation, with companies like Mitsubishi Chemical Corporation acquiring regional startups to bolster their technological edge in greenhouse solutions.
Updation in South Korea
South Korea’s focus on vertical farming and urban greenhouses has led to partnerships with global firms like LG CNS, accelerating research into energy-efficient greenhouse systems.
Growth in Singapore
Singapore is emerging as a hub for high-tech greenhouses, supported by collaborations with European and U.S. companies. Initiatives such as Sky Greens aim to address the country’s land constraints with innovative vertical greenhouse farming.
Trends in the U.S.
The U.S. is witnessing significant growth in greenhouse hydroponics, driven by companies like BrightFarms and AppHarvest. Mergers and acquisitions remain a dominant trend, boosting technological advancement in sustainable farming.
Opportunity Expansion in Europe
Europe leads in modern greenhouse adoption, particularly in the Netherlands and Spain. The region benefits from public funding and private investments, making it a benchmark for sustainable agriculture.
Recent Key Developments
- U.S.: BrightFarms raised $100M for expanding hydroponic facilities.
- Europe: The European Union allocated $69.2 billion for agricultural innovation in 2023.
- Japan: Mitsubishi Chemical Corporation announced a strategic merger with greenhouse tech innovators.
The Road Ahead
The commercial greenhouse market is expected to revolutionize agriculture globally, driven by rising investments and technological advancements. Addressing challenges like climate change and food scarcity, this market offers sustainable and profitable farming solutions.
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Commercial Greenhouse Market Segment
by Crop Type
Fruits
Vegetables
Flowers & ornamentals
Nursery crops
Others
The market is divided into several segments based on the type of crop, including nursery crops, fruits, vegetables, flowers and ornamentals, and others. By 2023, the vegetables sector is anticipated to have the biggest market share. Greenhouses are ideal for growing vegetables. It is possible to grow vegetables year-round without worrying about changes in the weather, temperature, or other environmental conditions. Vegetables produced in greenhouses are protected from harsh weather conditions, such as wind, cold, insects, drought, intense heat, and animals that might try to consume them. Growing vegetables in a greenhouse also makes it possible to create the ideal conditions for the crops because of the controlling elements that are there, such as moisture, light, temperature, fertilizer, humidity, and irrigation.
by Type
Glass greenhouse
Plastic greenhouse
by Equipment
Cooling systems
Heating systems
Others
The market is divided into heating systems, cooling systems, and other categories based on the equipment. The heating systems market is anticipated to expand at a compound annual growth rate (CAGR) between 2024 and 2030. Heating systems are one of the most important requirements for the effective growth of plants in commercial greenhouses. Systems that keep the temperature constant and don’t emit any harmful substances help plants flourish. One way to maintain the proper temperature is via a heating system. These systems may be managed centrally or distributedly. Radiant hot water heating systems are commonly used in greenhouses to provide warmth indoors during cold weather. Because flow control enables effective temperature adjustment, these heating systems use mixing valves to regulate the heating pipes’ temperature.
Commercial Greenhouse Market Key Players
1. Berry Global (US)
2. Signify Holding (Netherlands)
3. Heliospectra AB (Sweden)
4. Plastika Kritis (Greece)
5. Everlight Electronics (Taiwan)
6. Richel Group (France)
7. Argus Control Systems (Canada)
8. Certhon (The Netherlands)
9. Logiqs BV (The Netherlands)
10.LumiGrow (US)
11.Agra-tech, Inc. (US)
12.Rough Brothers, Inc. (US)
13.Hort Americas (US)
14.Top Greenhouses (India)
15.Stuppy Greenhouse (US)
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Key questions answered in the Global Commercial Greenhouse Market are:
- What is Global Commercial Greenhouse ?
- What is the growth rate of the Global Commercial Greenhouse Market?
- What was the Global Commercial Greenhouse Market size in 2023?
- What are the upcoming opportunities and trends for the Global Commercial Greenhouse Market?
- What are the different segments of the Global Commercial Greenhouse Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Global Commercial Greenhouse Market?
- What segments are covered in the Global Commercial Greenhouse Market?
- Which are the factors expected to drive the Global Commercial Greenhouse Market growth?
- What growth strategies are the players considering to increase their presence in Global Commercial Greenhouse ?
- Who are the leading companies and what are their portfolios in Global Commercial Greenhouse Market?
- Who are the key players in the Global Commercial Greenhouse market?
- What is the CAGR at which the Global Commercial Greenhouse market will grow during the forecast period?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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