 |
| Commercial Greenhouse Market |
Commercial greenhouses are enclosed structures that are used to cultivate and grow crops under controlled climatic conditions. Commercial greenhouses allow farmers to grow crops year-round independent of outdoor climatic conditions. They help in maximizing crop yield while minimizing adverse climate impacts. Greenhouses provide optimized conditions for temperature, humidity, carbon dioxide, lighting, irrigation, nutrition for crops using technologies such as HVAC systems, hydronic radiant heating, LED grow lights, sensor-based fertigation systems.
The
global Commercial Greenhouse Market is estimated to be valued at US$ 5 billion in 2024 and is expected to
exhibit a CAGR of 11% over the
forecast period 2024-2031, as highlighted in a new report published by Coherent
Market Insights.
Market key trends: Technological innovations have been a major driver
accelerating the growth of the commercial greenhouse market. There has been
ongoing integration of advanced technologies into commercial greenhouses to
optimize growing conditions for crops. For instance, implementation of IoT
sensors, robotics, automation, and data analytics helps in precisely monitoring
and controlling various parameters such as soil moisture, nutrients, climate to
maximize yield and reduce wastage. Growth in controlled agriculture and rise of
vertical farming especially in urban areas has also fueled technological
advancements. Adoption of LED lighting, computer vision imaging, and artificial
intelligence is increasing especially for indoor vertical farming to optimally
cultivate crops without sunlight. Continuous innovation is expected to make
commercial greenhouses even more productive and sustainable in the coming
years.
Segment Analysis
The global commercial greenhouse market is segmented by type, component, crop
type and region. Based on type, the greenhouse covers market dominated the
market and held around 60% share in 2021. This is because greenhouse covers
provide optimal growing conditions for crops by controlling temperature,
humidity, and other factors inside the greenhouse.
Based on component, the greenhouse film/plastic market held the largest share
as greenhouse films are indispensable component for creating protected
cultivation environment inside greenhouses. The films regulate temperature,
enhance plant growth and protect crops from adverse weather conditions.
Polyethylene is the most common material for greenhouse film due to its
superior light transmission, high durability and resistance to tearing.
Key Takeaways
The global Commercial
Greenhouse Market Growth is
expected to witness high growth in the coming years. The agriculture industry
globally is undergoing modernization with protected cultivation gaining
prominence. Commercial greenhouses help extend the growing season and boost
productivity per unit area by controlling the microclimate. This is helping
tackle issues like food security. The global Commercial Greenhouse Market is
estimated to be valued at US$ 5 billion in 2024 and is expected to exhibit a
CAGR of 11% over the forecast period 2024-2031.
Regional analysis: Europe currently dominates the commercial greenhouse market
owing to strong government support for protected horticulture. Countries like
Spain, Italy and Netherlands have been practicing greenhouse-based farming for
a long time. However, Asia Pacific is emerging as the fastest growing regional
market with China, Japan and Thailand rapidly adopting commercial greenhouses.
Countries in Latin America and Middle East & Africa are also increasingly
utilizing commercial greenhouses.
Key players related content: Key players operating in the commercial greenhouse
market are Richel Group SA, Argus Control Systems Ltd., Certhon, Logiqs B.V.,
Lumigrow, Inc., Agra Tech, Inc, Rough Brothers, Inc., Nexus Corporation, Hort
Americas. These companies have been focusing on development of advanced
greenhouse technologies to optimize plant growth and boost yields. They are also
expanding to new geographies to tap the rising demand.
For more insights, read- https://www.newsstatix.com/commercial-greenhouse-market-trends-size-and-share-analysis/
0 Comments