Global Commercial Greenhouse Market

Commercial Greenhouse Market Insights

The commercial greenhouse market will record an unprecedented economic expansion at a CAGR of 10.6% during the predicted period of 2020-2026. The market growth can be attributed due to increasing agricultural opportunities on the roof of the greenhouse, climatic change, and rising population with an increase in food demand by developing countries. 

The commercial greenhouse can be used in both large farms and private nurseries with a variety of supporting features required for the growth of the plants. It is emerging to encounter various applications with high growth potential and use technologies such as heating systems, ventilation systems, cooling systems, LED grow light, and irrigation systems, among others. Rapid urbanization, changing climatic conditions during conventional farming and inaccessible arable land has led to the adoption of commercial greenhouse practices in the past few years by many developing regions.

However, lack of awareness and high set-up cost is obstructing the overall market growth of the commercial greenhouse business. Furthermore, the global coronavirus outbreak is negativity hampering the supply chain in the agriculture sector. However, restriction and delay in export and import posed as the restraint factor for the commercial greenhouse market.

Commercial Greenhouse Market: By Product Type

By product type, the market is segregated into nursery crops, vegetables, fruits, and flowers & ornamentals among others. The vegetable segment is the highest profit-making segment of the commercial greenhouse market as it can grow vegetables around the year without concern about climatic changes such as temperature, humidity, and sunlight among others. Commercial greenhouse provides the standard conditions such as moisture, humidity, irrigation, temperature, and fertilizer required to achieve the best quality and quantity of vegetables. Growing crop in commercial greenhouse give zero water stress to the plants and also allow the grower to choose the soil type which provides additive benefits in comparison with traditional growing practices.

Commercial Greenhouse Market: By Type

Based on type the market is segregated into glass greenhouse and plastic greenhouse. The plastic greenhouse has shown great durability in comparison to a glass greenhouse. Besides, the resistance from harsh atmospheric conditions and tearing has made it to be the fastest-growing segment of the commercial greenhouse market. 

Commercial Greenhouse Market: By Equipment

By equipment, the market is segregated into cooling systems, heating systems, and others. Furthermore, the other segment is divided into LED grow lights, control systems, irrigation systems, ventilation, and communication technology among others.

A heating system provides constant temperature control and does not release any harmful material which can affect the production cycle of a plant in a commercial greenhouse. The system is used to maintain the temperature at the desired level required by the type of a crop and is easy to control or distribute which made it to bring the highest revenue for the commercial greenhouse business. The system uses a radiant hot water heating system for internal heating purposes during low-temperature conditions and hence helps to cover the wider target range of crops.

Commercial Greenhouse Market: By Region

North America is estimated to show the highest CAGR in the mentioned duration. The growers in the region are using the traditional technique to create standard conditions required for plant growth. However, with the advancement in technology in the last few years, the growers have shown interest in automation technologies to enable plant growth around the year. Also, various commercial greenhouse technologies are gaining popularity in urban areas facilitating a fresh supply of vegetables to the fruits & vegetable stores.

Company Market Share and Competitor Analysis

The key players operating in the market include Rough Brothers Inc., Omni Structures International, Richel Greenhouse, DeCloet Greenhouse Mfg. Ltd, The Glasshouse Company Pty Ltd, Argus Control Systems, Agra Tech, Inc, Heliospectra AB, Logiqs BV, Lumigrow, Inc. (Emeryville, CA), Certhon, Hort Americas, Stuppy Greenhouse, and Europrogress among others.

Please note: This is not an exhaustive list of companies profiled in the report.

In June 2019, Richel Greenhouse collaborated with Pharmin to create a greenhouse project of nearly 2.3HA in Montevideo Uruguay. Both the founders are well known in the field of agriculture and their related practices. However, technology in climatic management solutions will be taken care of by Priva in this project.

Check the Press Release on Global Commercial Greenhouse Market Report