Commercial Greenhouse Market Snapshot
|Study Period:||2016 - 2026|
|Fastest Growing Market:||Asia Pacific|
|Largest Market:||North America|
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The commercial greenhouse market is projected to register a CAGR of 8.1% during the forecast period (2021-2026). The commercial greenhouse market has suffered in terms of production, distribution, and uncertainty in demand due to the global COVID-19 pandemic. COVID-19-related restrictions on exports and imports have resulted in supply chain disruptions as the existing supply chain is not equipped to cater to customers.
Greenhouse production can provide high-quality food products all year round with efficient use of water, fertilizers, chemicals, and labor. In recent decades, the commercial greenhouse market has grown worldwide, specifically in Europe, where it saw major growth in 2015 as the demand for high-quality horticultural products, including exotic and out-of-seasonal products, increased drastically by 30.0-40.0% (since 1991). Improving conditions in developing countries, the rise of disposable income, and the demand for high-quality food products drove the growth of commercial greenhouses. Europe and North America hold significant market shares, while the fastest growth can be observed in the Asia-Pacific region. The challenges lie with the improper management of greenhouses by farmers. Awareness needs to be given to farmers related to automation and the technicality of the greenhouse to enable large-scale production.
Scope of the Report
Commercial greenhouses enable the cultivation of fruits and vegetables under controlled conditions, which ensure a continuous year-round supply of high-quality products and help overcome issues of land and water shortage and climate change. For the purpose of this report, only the global greenhouse market has been considered. The report covers an extensive study of segments and factors driving the growth of the commercial greenhouse market. The commercial greenhouse market is segmented by equipment type (heating systems, cooling systems, and other equipment types), greenhouse type (glass greenhouses and plastic greenhouse), crop type (fruits and vegetables, flowers and ornamentals, nursery crops, and other crop types), and geography (North America, Europe, South America, Asia-Pacific, and Africa).
|By Equipment Type|
|Other Equipment Types|
|By Crop Type|
|Fruits and Vegetables|
|Flowers and Ornamentals|
|Other Crop Types|
|By Greenhouse Type|
Key Market Trends
Rising Demand for Food and Shrinking Land are Driving the Market
The global population is increasing exponentially, and every day, nearly 200,000 people are getting added to the world food demand. According to the US population division, the world’s human population has increased by nearly four-fold in the past 100 years, and it is projected to reach 9.2 billion by 2050. Supplying food to this growing population has become a global threat. Farmland per capita in 2030 is expected to decrease to 1800-meter square from 2,200-meter square in 2005. To make the scenario worse, various crop pests are causing 10-16% of global crop losses annually. Therefore, meeting the global food demand with less space per hectare is the key to drive the commercial greenhouse market during the forecast period.
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Europe Dominates the Largest Share in Greenhouse Installment
Europe and North America hold significant market shares, while the fastest growth can be observed in the Asia-Pacific region. Europe has been the first to implement advanced techniques in greenhouses, particularly in countries such as Italy, Spain, and the Netherlands, where large areas are under greenhouse cultivation. Europe is the largest player because of urbanization, rapid technological advancements, and the high demand for fruits and vegetables. The rapid population growth, along with shrinkable land, particularly in countries such as China and India, is expected to drive the commercial greenhouse market during the forecast period in the Asia-Pacific region.
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The commercial greenhouse market is slightly consolidated, with very few players cornering the majority of the market share. Product innovations, partnerships, and acquisitions are the major strategies adopted by the leading companies in the market globally. Along with innovations and expansions, investments in R&D and developing novel product portfolios are likely to be crucial strategies during the forecast period. Major players like LumiGrow, Nexus Corporation, Certhon, and Greentech Agro are making new strategies to enter the market.
In April 2020, Denso invested in Certhon Group to provide advanced greenhouse solutions to consumers. Denso is the world's second-largest automotive technological supplier.
In January 2020, Madar Farms signed a contract with Certhon Group to establish a commercial indoor farming facility in the United Arab Emirates.
In 2019, Argus Controls and Urban-Gro renewed a strategic agreement to provide automatic and plant-centric solutions for environmental control in greenhouses to cannabis cultivars in North America.
Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Equipment Type
5.1.1 Heating Systems
5.1.2 Cooling Systems
5.1.3 Other Equipment Types
5.2 By Crop Type
5.2.1 Fruits and Vegetables
5.2.2 Flowers and Ornamentals
5.2.3 Nursery Crops
5.2.4 Other Crop Types
5.3 By Greenhouse Type
5.3.1 Glass Greenhouses
5.3.2 Plastic Greenhouse
5.4.1 North America
188.8.131.52 United States
184.108.40.206 Rest of North America
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
22.214.171.124 Rest of Asia-Pacific
5.4.4 South America
126.96.36.199 Rest of South America
188.8.131.52 South Africa
184.108.40.206 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Richel Group
6.3.2 Argus Control Systems Ltd
6.3.3 Rough Brothers Inc.
6.3.5 Logiqs BV
6.3.6 Lumigrow Inc.
6.3.7 Nexus Corporation
6.3.8 Hort Americas
6.3.9 Heliospectra AB
6.3.10 Agra Tech Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. AN ASSESSMENT OF THE COVID-19 IMPACT ON THE MARKET
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Frequently Asked Questions
What is the study period of this market?
The Commercial Greenhouse Market market is studied from 2016 - 2026.
What is the growth rate of Commercial Greenhouse Market?
The Commercial Greenhouse Market is growing at a CAGR of 8.1% over the next 5 years.
Which region has highest growth rate in Commercial Greenhouse Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Commercial Greenhouse Market?
North America holds highest share in 2020.
Who are the key players in Commercial Greenhouse Market?
Argus Control, Certhon, International Greenhouse Company, Rough Brothers Inc., Agra Tech are the major companies operating in Commercial Greenhouse Market.