GMI Research analysis indicates that the Commercial Greenhouse Market is slated to register a CAGR of 10.2% over the forecast period, till 2029.

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Market Dynamic

Key Drivers and Emerging Trends

Rapid growth in the global population coupled with increase in the food demand, global warming and climate change that affect crops yielding, and growing adoption of rooftop farming are some of the major factors expected to drive the growth of the commercial greenhouse market. Additionally, according to the Food Agricultural Organization of the United Nations (FAO), the world population would reach eight billion by 2030, which is expected to increase the demand for food, thereby propelling the growth of the commercial greenhouse market size.

Moreover, the greenhouse farming offer more control over the environment including temperature, the irrigation process, the air humidity, and the light efficiency for plant growth; help in growing off season vegetables easily; sustainable and economically feasible plant yielding; advantage of growing variety of plants in different shelves and spaces of the greenhouse. These factors are further supporting the commercial greenhouse industry growth. Furthermore, rise in the demand for floriculture and horticulture applications is anticipated to augment the demand for commercial greenhouses in the coming years.

Restraint in the Commercial Greenhouse Market

However, lack of awareness and massive capital investment associated with a commercial greenhouse is expected to hamper the market growth. In addition, requirement of precision technology for controlled growth environment and concern related to crop failure caused by a mechanical malfunction, which can lead to quick-spreading disease is further hampering the market growth.

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Equipment Type – Segment Analysis

Based on the equipment type, heating systems segment is expected to grow substantially during the forecast period owing to the increasing application of heating equipment for uniform temperature control without releasing material harmful to the plants. Moreover, rising use of heating system with automatic controls, and use of radiant hot water heating systems for internal heating during cold weather conditions, is further contributing to the market growth.

Greenhouse Type – Segment Analysis

Based on the greenhouse type, the glass greenhouses segment is expected to hold a major market share. This can be attributed to their advantages including maximum amount of light transmission, no fading of material, long lasting, flame resistant, high aesthetic appeal, and easily replaceable.

Crop Type – Segment Analysis

Based on the crop type, fruits and vegetables segment is anticipated to account for a large share in the market primarily due to the increasing health consciousness among consumers together with the demand of organic fruits and vegetables across the world. Rising adoption of greenhouses to grow offseason fruits and vegetables, and to protect them from adverse weather conditions including cold, wind, pests, drought, and intense heat is augmenting the growth of the market.

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Regional – Segment Analysis:

Based on region, Asia-Pacific is projected to grow at a high CAGR over the forecast period owing to the increasing population and demand for food in developing countries including India, China, Indonesia, Sri Lanka, and others.  As per APEDA (Agricultural & Processed Food Products Export Development Authority), India exported floriculture products worth $75.89 million and fruits and vegetables worth $1,277.38 million in 2019-20. This is expected to propel the growth of the commercial greenhouse market in the region.

Top Market Players

Several Leading players operating in the market, include, Poly-Tex, Inc., Top Greenhouses, Agra Tech, Inc., Lumigrow, Logiqs B.V., Rough Brothers Inc., Argus Control Systems Limited, Heliospectra AB, Richel Group, and GGS Structures Inc. among others. 

Key Developments: 

• • In 2019, Richel Group and GreenFood completed the second phase of greenhouse complex for the cultivation of strawberries in Armenia. The greenhouse complex has the production area of about 9 hectares and with this, the GreenFood become one of the biggest greenhouse strawberry producers in the CIS countries.

Segments covered in the Report:

The global Commercial Greenhouse Market has been segmented on the basis of equipment type, greenhouse type, crop type, and key regions. Based on equipment type, the market is segmented into heating systems, cooling systems, and others. Based on greenhouse type, the market is segmented into glass greenhouses and plastic greenhouse. Based on crop type, the market is segmented into fruits and vegetables, flowers and ornamentals, nursery crops, and others. 

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Key questions answered in this research report:

• • At what pace is global Commercial Greenhouse Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Commercial Greenhouse Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Commercial Greenhouse Market?
  • Which crop type generated maximum revenues in 2021 and identify the most promising crop type during the forecast period?
  • What are the various equipment types of global Commercial Greenhouse Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2021)	USD Million
Market Forecast Period	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Equipment Type, By Greenhouse Type, By Crop Type, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Poly-Tex, Inc., Top Greenhouses, Agra Tech, Inc., Lumigrow, Logiqs B.V., Rough Brothers Inc., Argus Control Systems Limited, Heliospectra AB, Richel Group, and GGS Structures Inc. among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Commercial Greenhouse Market by Equipment Type

• • Heating Systems
  • Cooling Systems
  • Others

Global Commercial Greenhouse Market by Greenhouse Type

• • Glass Greenhouses
  • Plastic Greenhouse

Global Commercial Greenhouse Market by Crop Type

• • Fruits and Vegetables
  • Flowers and Ornamentals
  • Nursery Crops
  • Others

Global Commercial Greenhouse Market by Region

• • North America Commercial Greenhouse Market (Option 1: As a part of the free 25% customization)
    • By Equipment Type
    • By Greenhouse Type
    • By Crop Type
    • US Market All-Up
    • Canada Market All-Up
  • Europe Commercial Greenhouse Market (Option 2: As a part of the free 25% customization)
    • By Equipment Type
    • By Greenhouse Type
    • By Crop Type
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Commercial Greenhouse Market (Option 3: As a part of the free 25% customization)
    • By Equipment Type
    • By Greenhouse Type
    • By Crop Type
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Commercial Greenhouse Market (Option 4: As a part of the free 25% customization)
    • By Equipment Type
    • By Greenhouse Type
    • By Crop Type
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Commercial Greenhouse Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Poly-Tex, Inc.
  • Top Greenhouses
  • Agra Tech, Inc.
  • Lumigrow
  • Logiqs B.V.
  • Rough Brothers Inc.
  • Argus Control Systems Limited
  • Heliospectra AB
  • Richel Group
  • GGS Structures Inc.