The global Commercial Greenhouse Market is exacted to expand at a significant CAGR of 11.6% and rise from USD 33.12 billion in 2020 and reach 79.66 billion by 2028.
A variety of plants, vegetables, flowers and ornamentals, fruits, and nursery crops are grown in the commercial greenhouse for commercial consumption. The commercial greenhouses have heating and cooling systems, lighting, and aeration to provide controlled conditions to enhance the growth of the plants and nursery crops. The greenhouses are covered with glass or plastic shed that enables sunlight to come in and does not allow outside weather conditions to affect the greenhouse plants.
Agriculture faces a number of challenges in the twenty-first century, including the need to produce more food to feed a growing population with a shrinking rural labour force, more feedstocks for a potentially huge bioenergy market, contributing to overall development in many agriculture-dependent developing countries, adopting more efficient and sustainable production methods, and adapting to changing environmental conditions. The world's population is expected to grow by more than a third, or 2.3 billion people, between 2009 and 2050. Nearly all of this expansion is predicted to come from poorer countries.
At the same time, by 2050, per capita wages are predicted to be several times higher than they are now. Analysts agree that recent trends of developing economies rising at a higher rate than developed economies will continue in the future. Agriculture has an impact on many areas of the economy, both locally and globally. Agriculture business trends will influence the future of many other industries, including farmers, real estate, supermarkets, and restaurants. These factors will have an impact on food production and distribution as well.
Top Key Players:
- Nexus Corporation
- Nobutec B.V
- Hort, Zuid Holland
- Argus Control System
- The Glasshouse Company Pty Ltd.
- Richel Group and SA
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The Commercial Greenhouse market has been growing steadily over the past decade and CAGR is expected to improve over the forecast period. It is also likely to be one of the industries influencing global revenue generation. Rapidly growing demand, an abundance of raw materials, population growth, financial stability, and product awareness are some of the factors that make progress directly and indirectly in the market.
By Product Type (Revenue, USD Billion, 2018 - 2028)
- Flowers & ornamentals
- Nursery crops
- Tropical crops
By Type (Revenue, USD Billion, 2018 - 2028)
- Plastic greenhouse
- Glass greenhouse
By Equipment (Revenue, USD Billion, 2018 - 2028)
- Heating systems
- Cooling systems
- Control systems
- LED grow lights
- Communication technology
- Irrigation systems
Regional analysis covers:
- North America (US, Canada, Europe)
- Europe (Germany, UK, Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of Latin America)
- Middle East and Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East and Africa)
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The study throws light on the Commercial Greenhouse market mainly focusing on the growth factors and even the restraining factors. The restraining factors are also provided with the best solutions which also prove to be a counteract to the drawback and help increase the market demand. Applications, types, technology and many other segmentations are studied to give a depth of knowledge for further market investment. Key driving forces for Commercial Greenhouse market is explained to help give an idea for a detailed analysis of this market.
The report also implements primary and secondary research techniques for gathering the most crucial pieces of professional information, and applies a number of industry-best techniques upon the data for projecting the future state of the global Commercial Greenhouse market. Based on current market development, the report includes an analysis of how activities such as mergers and shapes the market’s future.
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Further key findings:
- Based on product type, the vegetables and fruits segment is predicted to grow at a high pace during the projection period. The controlled environment offers suitable properties for the crops and plants to grow properly. Ornamental flowers and plants are also gaining popularity as they are extensively used especially for decorating houses and walkways.
- In context to the equipment type, the heating systems section is predicted to hold the highest CAGR during the projected period from 2021 to 2028. The heating systems are a vital constituent of the greenhouses as it helps in maintaining the temperature. Various modified heating systems are extensively used in countries with cold weather temperatures.
- The LED grow lights are used to provide light to plants for photosynthesis. These lights are assumed to observe steady growth during the projected period.
- The European region led the market for commercial greenhouses and is presumed to continue its dominance in the forecast period. Europe was the first region to incorporate advanced techniques in commercial greenhouses.
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