PUBLISHER: The Business Research Company | PRODUCT CODE: 1392560
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392560
“Commercial Greenhouse Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on commercial greenhouse market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for commercial greenhouse? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The commercial greenhouse market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
A commercial greenhouse refers to a greenhouse where crops are grown for commercial consumption.
The main types of commercial greenhouses are glass greenhouses, and plastic greenhouses. Glass greenhouses are a beautiful glazing option and offer advantages such as better looks, flame-resistant, the maximum amount of natural light for plants, long-lasting, and easy to replace. Plastic or polycarbonate glazing is a premium choice for growers living in all kinds of climates and offers benefits such as light-weight, durability, and low maintenance. The equipment used in commercial greenhouses includes cooling systems, heating systems, and others. Commercial greenhouses are used for the cultivation of various crops such as fruits, vegetables, flowers & ornamentals, nursery crops, and others.
The commercial greenhouse market research report is one of a series of new reports from The Business Research Company that provides commercial greenhouse market statistics, including commercial greenhouse industry global market size, regional shares, competitors with a commercial greenhouse market share, detailed commercial greenhouse market segments, market trends and opportunities, and any further data you may need to thrive in the commercial greenhouse industry. This commercial greenhouse market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The commercial greenhouse market size has grown rapidly in recent years. It will grow from $32. 44 billion in 2023 to $35. 86 billion in 2024 at a compound annual growth rate (CAGR) of 10. 5%. The growth in the historic period can be attributed to growing demand for fresh produce, increasing population, climate change and extreme weather events, sustainability and organic farming.
The commercial greenhouse market size is expected to see rapid growth in the next few years. It will grow to $53. 91 billion in 2028 at a compound annual growth rate (CAGR) of 10. 7%. The growth in the forecast period can be attributed to urbanization and limited arable land, government incentives and regulations, consumer preferences, export opportunities. Major trends in the forecast period include research and development, technological advancements, sustainable and eco-friendly practices, smart and automated greenhouses, vertical farming, controlled-environment agriculture (cea), specialty crop production, circular agriculture, health and wellness products.
Increasing population and low availability of arable land are the key factors driving the growth of the commercial greenhouse market. The vine seed production in greenhouse farming is more than double that of conventional cultivation, attributed to regulated media and environmental conditions. For instance, in July 2022, according to a report published by the United Nations, the current world population stood at 7. 9 billion in 2021, with projected increases to 8. 5 billion in 2030, 9. 7 billion in 2050, and 10. 9 billion in 2100. in 2030, 660 million people may still experience hunger. As a result, current arable land is under pressure to grow more food by using soil treatment devices. Thus, the situation of increasing food demand and decreasing arable land is expected to boost the growth of the commercial greenhouse market, which provides a better harvest both in terms of quality and quantity than the traditional methods.
The increasing demand for organic food is anticipated to propel the growth of the commercial greenhouse market going forward. Organic food refers to agricultural and food items that are produced by specific organic farming practices that prioritize environmentally sustainable and natural methods of farming. Commercial green houses are used in organic food production to minimize the use of synthetic pesticides and reduce food safety risks under favorable climate conditions. For instance, in May 2023, according to the Organic Trade Association, a US-based business association, there were 59,149 organic food sales in 2021, and this has increased to 61,670 in 2022. Therefore, the increasing demand for organic food is driving the growth of the commercial greenhouse market.
Major companies operating in commercial greenhouse are innovating advanced greenhouse films to provide reliable services to customers. Advanced greenhouse films are specialized, high-performance materials designed to optimize light transmission, thermal insulation, and durability for enhanced crop growth and environmental control in greenhouse agriculture. For instance, in November 2022, UbiQD, Inc. is a US-based advanced materials manufacturing company launched UbiGro Inner-600 and UbiGro Inner-650. UbiGro Inner-600 is used for increasing fruit sets and fruit size in crops like cannabis, strawberries, floriculture, and tomatoes. UbiGro Inner-650 is used for vegetative crop types and crops where overall plant growth is important. UbiGro Inner-600 and UbiGro Inner-650 are deisgned to work better for specific light-level conditions and target better individual crop types.
Major companies operating in the commercial greenhouse market are adopting a strategic partnership approach for expanding capabilities. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in August 2021, Endurant Energy, a US-based full-service developer of clean energy projects, partnered with Bluehouse Greenhouse. The partnership aims to supply all the energy requirements of a new 2. 8 million square foot greenhouse being built in Southern California. Bluehouse Greenhouse is a US-based sustainable agriculture company that specializes in the development and operation of commercial scale, high-tech greenhouses and energy centers.
In August 2023, Platinum Equity LLC, a US-based private equity investment firm, acquired The HC Companies, Inc. for an undisclosed amount. With this acquisition, Platinum Equity aims to expand its portfolio, grow organically, and provide planters, pots, trays, and containers for the greenhouse, nursery, and consumer markets. HC Companies, Inc. is a US-based company that provides plant containers and commercial planters for nursery and greenhouse growers.
Major companies operating in the in the commercial greehouse market report are Heliospectra AB, Nexus Corporation, Rough Brothers Inc., Agra Tech Inc., LumiGrow Inc., Logiqs BV, Certhon - Greenhouse Solutions BV, Argus Control Systems Ltd., Richel Group, Hort Americas, International Greenhouse Company, Top Greenhouses, Poly-Tex Inc., Stuppy Greenhouse, The Glasshouse Company Pty Ltd, Omni Structures International, Europrogress S. r. l., DeCloet Greenhouse Manufacturing Ltd., Luiten Greenhouses B. V., DutchGreenhouses B. V., Green Tek Inc., Texas Greenhouse Company Inc., Cravo Equipment Ltd., Hoogendoorn Growth Management B. V., Van Wingerden Greenhouse Company Inc., Growers Supply Company Inc., Atlas Manufacturing Inc., Rimol Greenhouse Systems Inc., GGS Structures Inc., A&B Packing Equipment Inc., CropKing Inc., Harnois Industries Inc., Multinovavent Greenhouse Company LLC, Agrofarma Inc., AgriTech Solutions LLC, Svensson USA Inc., BW GLOBAL Structures Inc., Conley's Manufacturing and Sales Corp., Netafim USA Inc., Van der Hoeven Horticultural Projects B. V.
Europe was the largest region in the commercial greenhouse market in 2023. North America is expected to witness the highest growth rate during the forecast period. The regions covered in the commercial greehouse market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the commercial greehouse market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The commercial greenhouse consists of sales of lean-to, detached, ridge and furrow greenhouse. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.