The global commercial greenhouse market was valued at US$21,540.596 million in 2018 and is projected to expand at a CAGR of 6.87% over the forecast period to reach US$32,088.821 million by 2024. Commercial greenhouses are in use ranging from large farms to the neighborhood nurseries. These provide a variety of features providing controlled conditions optimum for the growth of plants according to the need or requirement. Rapid urbanization and less availability of arable lands are the major drivers driving the growth of the global commercial greenhouse market. Also, the changing climatic conditions during traditional farming have led to the adoption of commercial greenhouses which is further fueling the market growth. Region-wise, North America and Europe are expected to hold a significant market share while the Asia-Pacific region will witness the fastest growth. However, there are issues regarding the improper management of the greenhouse facility by the farmers, which remains the challenge towards large-scale adoption. Some of the advantages provided by the commercial greenhouses include even distribution of light in the greenhouse facility, optimizing heat, control of microclimate, protection against diseases, excellent ventilation, protection from rain, production in regions with adverse weather conditions and ability to produce crops even during the off-season.

On the basis of type, the global commercial greenhouse market is segmented into Free Standing, and Gutter Connected. The gutter-connected commercial greenhouses account for the significant market share owing to their cost-effectiveness and their ability to be installed on a small piece of land without compromising on crop productivity.

By component, the commercial greenhouse market has been segmented as high tech, medium tech, and low-tech greenhouses. High tech commercial greenhouses hold the dominant share in the market and are expected to be the fastest growing segment owing to its increasing adoption in developed economies.

By application, the global commercial greenhouse market is segmented as fruits and vegetables, flowers and ornamentals and nursery crops. Due to the advantage of growing plants regardless of climatic condition and yearly demand for fruits and vegetables this segment holds a significant share in this market. Also, growing competition in this industry is pushing the market players towards adopting new technologies while also focusing on cost reduction. In addition, cultivation in greenhouses requires less labor and is aiding in the inclination towards the increasing adoption of greenhouses across the world.

By geography, commercial greenhouse market is segmented as North America, South America, Europe, Middle East and Africa, and Asia Pacific. North America and South America regional markets are projected to grow on account of the rising number of low tech and medium tech greenhouses in these regions supported by the adoption of modern farming practices. In Europe, greenhouse cultivation is the most preferred form of cultivating crops owing to harsh climatic conditions. The demand for commercial greenhouses in the Asia Pacific region is projected to witness a rise owing to the growing focus towards improvements in the agricultural sector by the governments and multiple institutions.

Major industry players profiled as part of the report are Argus Control Systems Ltd., Certhon, LumiGrow, Inc., Nexus Corporation and Heliospectra AB among others.

Segmentation

The commercial greenhouse market has been analyzed through the following segments:

By Type

• Free Standing

• Gutter Connected

By Component

• High-Tech Commercial Greenhouse

o Heating System

? Heaters

? Valves

? Vents

? Others

o Cooling System

? Fans

? Cooling Pad System

? Lighting

? Sensors

? Others

• Medium-Tech Commercial Greenhouse

o Heaters

o Cooling Pads

o Thermostats

o Exhaust Fans

o Others

• Low-Tech Greenhouse

By Application

• Fruits and Vegetables

• Flowers and Ornamentals

• Nursey Crops

By Geography

• North America

o United States

o Canada

o Mexico

o Others

• South America

o Brazil

o Argentina

o Others

• Europe

o United Kingdom

o Germany

o France

o Italy

o Others

• Middle East and Africa

o Saudi Arabia

o United Arab Emirates

o South Africa

o Others

• Asia Pacific

o Japan

o Korea

o China

o India

o Others

Frequently Asked Questions (FAQs)

Q1. What will be the commercial greenhouse market size by 2024?

A1. The global commercial greenhouse market is projected to reach a market size of US$32,088.821 million by 2024.

Q2. What is the size of global commercial greenhouse market?

A2. Commercial Greenhouse market was valued at US$21,540.596 million in 2018.

Q3. What are the growth prospects for commercial greenhouse market?

A3. The commercial greenhouse market is projected to expand at a CAGR of 6.87% over the forecast period.

Q4. What factors are anticipated to drive the commercial greenhouse market growth?

A4. Rapid urbanization and less availability of arable lands are the major drivers driving the growth of the global commercial greenhouse market.

Q5. Which region holds the largest market share in the global commercial greenhouse market?