Commercial Greenhouse Market Size

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.