Commercial Greenhouse Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Greenhouse Market and is Segmented by Equipment Type (Heating Systems, Cooling Systems, Others), Greenhouse Type-(Glass Greenhouse and Plastic Greenhouse), Crop Type -(Horticulture Crops and Other Crops), and Geography (North America, Europe, Asia-Pacific, South America, and Africa). The Report Offers the Market Size and Forecasts in Value (USD) for all the Above Segments.

Commercial Greenhouse Market Size

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Commercial Greenhouse Market Summary
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Study Period 2019-2029
Market Size (2024) USD 47.76 Billion
Market Size (2029) USD 66.86 Billion
CAGR (2024 - 2029) 7.00 %
Fastest Growing Market Asia Pacific
Largest Market Europe

Major Players

Commercial Greenhouse Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Commercial Greenhouse Market Analysis

The Commercial Greenhouse Market size is estimated at USD 47.76 billion in 2024, and is expected to reach USD 66.86 billion by 2029, growing at a CAGR of 7% during the forecast period (2024-2029).

As the farming sector expands, farmers worldwide aim for higher yields, quality production, and economies of scale. The rising global population, increasing food demand, and the necessity to improve crop yield and productivity drive the market. Europe initiated the implementation of advanced techniques in greenhouses, particularly in countries such as Italy, Spain, and the Netherlands, where large areas are under greenhouse cultivation. The area of cultivable land is shrinking year by year, contributing to the growth of greenhouse farming. For instance, Germany witnessed a decrease in agricultural land, from 166.6 million hectares in 2019 to 165.9 million hectares in 2021. Thus, maximizing the crop yield in the available land to meet the increasing food demand is propelling the greenhouse farming market. Furthermore, fluctuations in climatic conditions are pushing farmers worldwide toward greenhouse farming techniques, resulting in market growth. However, the high initial set-up costs and lack of technical expertise among farmers could hinder the market growth during the forecast period.

Commercial Greenhouse Market Trends

Horticultural Crops Are In High Demand

By crop type, fruit and vegetables hold the largest market share due to the high demand for fresh veggies and fruits around the globe. Also, due to their high quality, fruit and vegetables grown in greenhouses are in high demand from retail chains in developed regions. Many companies are expanding their regional presence with the growing demand for freshly grown fruits and vegetables. For instance, in 2022, AppHarvest, an Appalachia-based company known for its high-tech greenhouses and commitment to local food systems, expanded its operations in Kentucky by 60 acres, focusing on tomatoes, cucumbers, and bell peppers. Moreover, Gotham Greens, a New York-based indoor farming pioneer that operates as one of the high-tech hydroponic greenhouses in North America, has raised more than USD 310 million capital in 2022 to improve its greenhouse facilities to grow herbs and leafy greens in North America. This is due to the increasing trend of growing plants indoors, particularly during the pandemic. This is likely to be anticipated more in the future.

Commercial Greenhouse Market :  Import value distribution of horticulture, Australia, FY 2022 by product group (in %)

Europe Holds the Largest Share in Greenhouse Installment

Germany has traditionally been at the forefront of implementing advanced techniques in smart greenhouse horticulture. The total area under greenhouse cultivation in Germany was 1271 hectares in 2022. Most of this area was occupied by tomato crops, with an acreage of 382.74 hectares. Similarly, the cultivation area under cucumber was 215 hectares. The most extensive areas of greenhouse vegetable cultivation in Germany are North Rhine Westphalia, Rhineland Palatinate, and Lower Saxony. Additionally, subsidies for energy-efficient greenhouses, covering up to 60% of eligible expenses, help reduce operating costs. Moreover, the commercial growth of greenhouses has increased on a massive scale in the United Kingdom. Many companies in the United Kingdom are leveraging new technologies. For instance, in March 2022, Tomtech designed and produced industrial control and monitoring equipment for greenhouses. Their systems use sensors to automatically track and regulate light, heat, air circulation, irrigation, fertigation, and fertilizer dosing to maintain the greatest possible growth environment.

Commercial Greenhouse Market : Market Size by Region (%), Global, 2023

Commercial Greenhouse Industry Overview

The greenhouse market is highly fragmented, with numerous large, small, and medium-sized manufacturers. The top players in the market include Richel Group, Rough Brothers Inc., Argus Control System Ltd, Certhon, and Gibraltar Industries (Nexus Corporation). Along with innovations and expansions, investments in R&D and developing novel product portfolios are crucial strategies to enter the market.

Commercial Greenhouse Market Leaders

  1. Rough Brothers, Inc.

  2. Richel Group

  3. Argus Control Systems Limited

  4. Certhon

  5. Gibraltar Industries (Nexus Corporation)

*Disclaimer: Major Players sorted in no particular order

Commercial Greenhouse Market Concentration
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Commercial Greenhouse Market News

  • September 2023: Richel Group has been in a three-year, exclusive strategic partnership to increase its efficiency in designing, manufacturing, and building high-tech greenhouses in challenging climates and distant regions, including the Middle East and Asia. 
  • June 2023: Certhon and Living Greens Farm announced a strategic partnership to develop further and globally expand Living Greens Farm’s disruptive aeroponic growing technology. Certhon would bring its technological expertise and global network to this partnership to create and help market the aeroponics technology outside North America.
  • February 2023: Heliospectra AB (publ) expanded its product portfolio and MITRA platform with MITRA Flex, the market’s first wirelessly controlled flexible far-red light. The new solutions offer customers three spectra in one without losing power, making it perfect for customizable and application-based growing, such as end-of-day or end-of-production light treatments with far-red, or to ensure a healthy crop year-round in low light seasons.

Commercial Greenhouse Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Decreasing Per Capita Arable Land

      2. 4.2.2 Increased Demand for Food

    3. 4.3 Market Restraints

      1. 4.3.1 High Initial Investments

      2. 4.3.2 Requirement of Precision Agriculture

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Equipment Type

      1. 5.1.1 Heating Systems

      2. 5.1.2 Cooling Systems

      3. 5.1.3 Other Equipment Types

    2. 5.2 Crop Type

      1. 5.2.1 Horticulture Crops

        1. 5.2.1.1 Fruits and Vegetables

        2. 5.2.1.2 Flowers and Ornamentals

        3. 5.2.1.3 Herbs

      2. 5.2.2 Other Crop Types

    3. 5.3 Greenhouse Type

      1. 5.3.1 Glass Greenhouses

      2. 5.3.2 Plastic Greenhouse

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

        4. 5.4.1.4 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Russia

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 South Korea

        5. 5.4.3.5 Rest of Asia-Pacific

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East and Africa

        1. 5.4.5.1 South Africa

        2. 5.4.5.2 Egypt

        3. 5.4.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Richel Group

      2. 6.3.2 Argus Control Systems Ltd

      3. 6.3.3 Rough Brothers Inc.

      4. 6.3.4 Certhon

      5. 6.3.5 Logiqs BV

      6. 6.3.6 Lumigrow Inc.

      7. 6.3.7 Gibraltar Industries (Nexus Corporation)

      8. 6.3.8 International Greenhouse Company

      9. 6.3.9 Heliospectra AB

      10. 6.3.10 Agra Tech Inc.

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Commercial Greenhouse Industry Segmentation

Greenhouses enable the cultivation of fruits and vegetables under controlled conditions, ensuring a continuous year-round supply of high-quality products and helping overcome land and water shortage issues and climate change. For this report, only the commercial greenhouse market has been considered. The report covers an extensive study of segments and factors driving the growth of the greenhouse market. The report presents a wide-range analysis of the market size and trends of the global greenhouse market. Greenhouse Market segmentation is done based on Equipment Type (Heating Systems, Cooling Systems, Others), Greenhouse type (Glass Greenhouses, Plastic Greenhouse), Crop Type (Horticulture, Other Crops), Geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers the market sizes and forecast values (USD) for all the above segments.

Equipment Type
Heating Systems
Cooling Systems
Other Equipment Types
Crop Type
Horticulture Crops
Fruits and Vegetables
Flowers and Ornamentals
Herbs
Other Crop Types
Greenhouse Type
Glass Greenhouses
Plastic Greenhouse
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
Egypt
Rest of Middle East and Africa
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Commercial Greenhouse Market Research FAQs

The Commercial Greenhouse Market size is expected to reach USD 47.76 billion in 2024 and grow at a CAGR of 7% to reach USD 66.86 billion by 2029.

In 2024, the Commercial Greenhouse Market size is expected to reach USD 47.76 billion.

Rough Brothers, Inc., Richel Group, Argus Control Systems Limited, Certhon and Gibraltar Industries (Nexus Corporation) are the major companies operating in the Commercial Greenhouse Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Europe accounts for the largest market share in Commercial Greenhouse Market.

In 2023, the Commercial Greenhouse Market size was estimated at USD 44.42 billion. The report covers the Commercial Greenhouse Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Commercial Greenhouse Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Commercial Greenhouse Industry Report

Statistics for the 2024 Commercial Greenhouse market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Commercial Greenhouse analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Commercial Greenhouse Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)