Commercial Greenhouse Market Size, Share & Analysis Report, 2023-2032
The global commercial greenhouse market size was exhibited at USD 34.9 billion in 2022 and is projected to hit around USD 86.73 billion by 2032, growing at a CAGR of 9.53% during the forecast period 2023 to 2032.
Key Pointers:
Commercial Greenhouse Market Report Scope
|
Report Coverage |
Details |
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Market Size in 2023 |
USD 38.23 Billion |
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Market Size by 2032 |
USD 86.73 Billion |
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Growth Rate From 2023 to 2032 |
CAGR of 9.53% |
|
Base Year |
2022 |
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Forecast Period |
2023 to 2032 |
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Segments Covered |
Equipment, Crop Type, Type, Component |
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Market Analysis (Terms Used) |
Value (US$ Million/Billion) or (Volume/Units) |
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Regional Scope |
North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa |
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Key Companies Profiled |
Berry Global, Signify Holding, Heliospectra AB, Plastika Kritis, Everlight Electronics, Richel Group, Argus Control Systems, Certhon, Logiqs BV, LumiGrow, Agra-tech, Inc, Rough Brothers, Inc, Hort Americas, Top Greenhouses, Stuppy Greenhouse, The Glasshouse Company, DeCloet Manufacturing Ltd, Europrogress, Luiten Greenhouses, Sotrafa, Nobutec BV, Ammerlaan Constructions, Ludy Greenhouse, Saveer Biotech Ltd (India), Harford (New Zealand) |
Commercial greenhouses offer different types of covering materials such as glass or plastic roofs, and frequently glass or plastic walls. An emerging application with high growth potential, commercial greenhouses use several technologies such as heating systems, cooling systems, ventilation systems, LED grow light, communication technology, irrigation system, and control systems.
Controlled environment plant production systems are used widely throughout the world to grow plants at a particular time or place, of a quality that cannot be obtained outdoors. Controlled environment agriculture requires far more capital investments per unit area than field agriculture and must thus be correspondingly more intensive to justify investment costs. The commercial greenhouse industry will have a variety of growth prospects in the future as more people become aware of the technologies that commercial greenhouses utilize for increased yields. The use of renewable energy sources in various applications will be crucial to the expansion of this market throughout the projected period.
Market Dynamics
Drivers: Need for higher yields using limited space and water
One of the main advantages of greenhouse farming is its higher yield compared to conventional farming methods. Enclosed facilities create optimum growing conditions for farmers to grow a crop from seed to the harvesting stages in lesser time and obtain higher yields in each cycle with limited land area. According to USDA data, in 2020, the average yield of tomatoes grown in greenhouse hydroponics was 10.59 pounds per square foot, and that of traditionally grown tomatoes was 1.85 pounds per square foot. Therefore, greenhouse farms can increase the overall crop yield by stacking additional layers and increasing the growing area. According to the Food and Agriculture Organization of the United Nations, food production must increase by 70% by 2050 to meet global food requirements. Since urbanization is taking over arable land while simultaneously decreasing the total agricultural land area, greenhouse farming is a viable option to help meet the food requirements of the increasing population. The level of water wastage is less when compared to conventional farming. Greenhouse farms recirculate and reuse water; an average of 95% less water is required to grow the same crops as compared to outdoor farming. When plants or crops are grown in vertical greenhouses, the transpiration process occurs, which makes it feasible for farmers to reuse the water for irrigation purposes.
Restraints: Limited variety of crops suited to greenhouse farming
Greenhouse farming is suited only to a limited variety of crops and is thus not an attractive option for many growers. Numerous parameters such as temperature adjustment, adequate water supply management, identification, and supply of nutrients to plants, growth mechanism to be adopted, and individual harvest time of plants must be considered before taking up greenhouse plantation. Fruits and vegetables are the most suited for vertical farming, as they require less time to grow, low water supply, and less sunlight. However, only a few varieties of fruits and vegetables can be produced using controlled-environment farming. For instance, some fruits and vegetables have many edible parts such as leaves, stems, and roots. These plant species are not suited to vertical farming.
Crops such as sugarcane, rice, and wheat require a high amount of water and more harvesting time, and are hence, difficult to cultivate using greenhouse farming. Rice and wheat are major crops in the APAC region and are grown year-around to feed the growing population. These crops are difficult to grow in greenhouses; this result in slow penetration of commercial greenhouse farming in these regions.
Opportunities: R&D initiatives to improve greenhouse farming methods
Agriculture, as a field, attracts the most scientific R&D. Climate change challenges and environmental concerns have resulted in the development of various methods to ensure food security worldwide. Greenhouse farming is attracting scientists, researchers, and farmers. Experts are trying to introduce greenhouse farming to eliminate the basic problem of climate control in temperate regions. As per the Advanced Horticulture Research Facility, active cooling methods are useful in establishing an optimum environment. Various methods are being studied, such as photovoltaic (PV)-based shading methods for the passive cooling of greenhouses. The current humidity-control techniques used in the protected cropping industry are being improved, and experts are identifying future research opportunities in this area. In 2020, the overall budget for the European Union (EU) was USD 197.1 billion. Spending on agriculture, rural development and fisheries amounted to USD 69.2 billion, which was 35% of the total budget.
Challenges: Lack of temperature control systems to maintain optimum crop production conditions in warm regions
One of the key environmental elements influencing crop growth, development, yield, and particularly the pace of development, is temperature. Crops have fundamental requirements for temperature to finish a whole life cycle. Extremely low and high temperatures can have a negative impact on crop development, growth, and yield, especially at crucial stages like flowering. Urban and semi-urban areas of developing countries are attracting a lot of attention for commercial greenhouse farming techniques. Temperature control in tropical regions like Middle-east, parts of asia-pacific and Africa is challenging owing to its hot and humid climate which hampers the crop growth. Maintaining the climate in such warm regions require unique approaches compared to the techniques used in temperate conditions. Suitable technologies are urgently required to maintain an optimum growing environment in these regions
Some of the prominent players in the Commercial Greenhouse Market include:
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Commercial Greenhouse market.
By Equipment
By Crop Type
By Type
By Component
By Region
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Commercial Greenhouse Market
5.1. COVID-19 Landscape: Commercial Greenhouse Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Commercial Greenhouse Market, By Equipment
8.1. Commercial Greenhouse Market, by Equipment, 2023-2032
8.1.1. Hardware
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Software & Services
8.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Commercial Greenhouse Market, By Crop Type
9.1. Commercial Greenhouse Market, by Crop Type, 2023-2032
9.1.1. Fruits
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Vegetables
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Flowers and Ornamentals
9.1.3.1. Market Revenue and Forecast (2020-2032)
9.1.4. Nursey Crops
9.1.4.1. Market Revenue and Forecast (2020-2032)
9.1.5. Other
9.1.5.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Commercial Greenhouse Market, By Type
10.1. Commercial Greenhouse Market, by Type, 2023-2032
10.1.1. Glass
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Plastic
10.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Commercial Greenhouse Market, By Component
11.1. Commercial Greenhouse Market, by Component, 2023-2032
11.1.1. High-Tech Commercial Greenhouse
11.1.1.1. Market Revenue and Forecast (2020-2032)
11.1.2. Medium-Tech Commercial Greenhouse
11.1.2.1. Market Revenue and Forecast (2020-2032)
11.1.3. Low-Tech Greenhouse
11.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 12. Global Commercial Greenhouse Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Equipment (2020-2032)
12.1.2. Market Revenue and Forecast, by Crop Type (2020-2032)
12.1.3. Market Revenue and Forecast, by Type (2020-2032)
12.1.4. Market Revenue and Forecast, by Component (2020-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Equipment (2020-2032)
12.1.5.2. Market Revenue and Forecast, by Crop Type (2020-2032)
12.1.5.3. Market Revenue and Forecast, by Type (2020-2032)
12.1.5.4. Market Revenue and Forecast, by Component (2020-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Equipment (2020-2032)
12.1.6.2. Market Revenue and Forecast, by Crop Type (2020-2032)
12.1.6.3. Market Revenue and Forecast, by Type (2020-2032)
12.1.6.4. Market Revenue and Forecast, by Component (2020-2032)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Equipment (2020-2032)
12.2.2. Market Revenue and Forecast, by Crop Type (2020-2032)
12.2.3. Market Revenue and Forecast, by Type (2020-2032)
12.2.4. Market Revenue and Forecast, by Component (2020-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Equipment (2020-2032)
12.2.5.2. Market Revenue and Forecast, by Crop Type (2020-2032)
12.2.5.3. Market Revenue and Forecast, by Type (2020-2032)
12.2.5.4. Market Revenue and Forecast, by Component (2020-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Equipment (2020-2032)
12.2.6.2. Market Revenue and Forecast, by Crop Type (2020-2032)
12.2.6.3. Market Revenue and Forecast, by Type (2020-2032)
12.2.6.4. Market Revenue and Forecast, by Component (2020-2032)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Equipment (2020-2032)
12.2.7.2. Market Revenue and Forecast, by Crop Type (2020-2032)
12.2.7.3. Market Revenue and Forecast, by Type (2020-2032)
12.2.7.4. Market Revenue and Forecast, by Component (2020-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Equipment (2020-2032)
12.2.8.2. Market Revenue and Forecast, by Crop Type (2020-2032)
12.2.8.3. Market Revenue and Forecast, by Type (2020-2032)
12.2.8.4. Market Revenue and Forecast, by Component (2020-2032)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Equipment (2020-2032)
12.3.2. Market Revenue and Forecast, by Crop Type (2020-2032)
12.3.3. Market Revenue and Forecast, by Type (2020-2032)
12.3.4. Market Revenue and Forecast, by Component (2020-2032)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Equipment (2020-2032)
12.3.5.2. Market Revenue and Forecast, by Crop Type (2020-2032)
12.3.5.3. Market Revenue and Forecast, by Type (2020-2032)
12.3.5.4. Market Revenue and Forecast, by Component (2020-2032)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Equipment (2020-2032)
12.3.6.2. Market Revenue and Forecast, by Crop Type (2020-2032)
12.3.6.3. Market Revenue and Forecast, by Type (2020-2032)
12.3.6.4. Market Revenue and Forecast, by Component (2020-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Equipment (2020-2032)
12.3.7.2. Market Revenue and Forecast, by Crop Type (2020-2032)
12.3.7.3. Market Revenue and Forecast, by Type (2020-2032)
12.3.7.4. Market Revenue and Forecast, by Component (2020-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Equipment (2020-2032)
12.3.8.2. Market Revenue and Forecast, by Crop Type (2020-2032)
12.3.8.3. Market Revenue and Forecast, by Type (2020-2032)
12.3.8.4. Market Revenue and Forecast, by Component (2020-2032)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Equipment (2020-2032)
12.4.2. Market Revenue and Forecast, by Crop Type (2020-2032)
12.4.3. Market Revenue and Forecast, by Type (2020-2032)
12.4.4. Market Revenue and Forecast, by Component (2020-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Equipment (2020-2032)
12.4.5.2. Market Revenue and Forecast, by Crop Type (2020-2032)
12.4.5.3. Market Revenue and Forecast, by Type (2020-2032)
12.4.5.4. Market Revenue and Forecast, by Component (2020-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Equipment (2020-2032)
12.4.6.2. Market Revenue and Forecast, by Crop Type (2020-2032)
12.4.6.3. Market Revenue and Forecast, by Type (2020-2032)
12.4.6.4. Market Revenue and Forecast, by Component (2020-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Equipment (2020-2032)
12.4.7.2. Market Revenue and Forecast, by Crop Type (2020-2032)
12.4.7.3. Market Revenue and Forecast, by Type (2020-2032)
12.4.7.4. Market Revenue and Forecast, by Component (2020-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Equipment (2020-2032)
12.4.8.2. Market Revenue and Forecast, by Crop Type (2020-2032)
12.4.8.3. Market Revenue and Forecast, by Type (2020-2032)
12.4.8.4. Market Revenue and Forecast, by Component (2020-2032)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Equipment (2020-2032)
12.5.2. Market Revenue and Forecast, by Crop Type (2020-2032)
12.5.3. Market Revenue and Forecast, by Type (2020-2032)
12.5.4. Market Revenue and Forecast, by Component (2020-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Equipment (2020-2032)
12.5.5.2. Market Revenue and Forecast, by Crop Type (2020-2032)
12.5.5.3. Market Revenue and Forecast, by Type (2020-2032)
12.5.5.4. Market Revenue and Forecast, by Component (2020-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Equipment (2020-2032)
12.5.6.2. Market Revenue and Forecast, by Crop Type (2020-2032)
12.5.6.3. Market Revenue and Forecast, by Type (2020-2032)
12.5.6.4. Market Revenue and Forecast, by Component (2020-2032)
Chapter 13. Company Profiles
13.1. Berry Global (US)
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Signify Holding (Netherlands)
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Heliospectra AB (Sweden)
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Plastika Kritis (Greece)
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Everlight Electronics (Taiwan)
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Richel Group (France)
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Argus Control Systems (Canada)
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Certhon (The Netherlands)
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Logiqs BV (The Netherlands)
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. LumiGrow (US)
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
(Upto 5 With No Cost)
Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers