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Commercial Greenhouse Market Growth by Emerging Trends, Analysis, & Forecast to 2025

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Commercial Greenhouse Market Growth by Emerging Trends, Analysis, & Forecast to 2025

July 27
03:18 2021
Commercial Greenhouse Market Growth by Emerging Trends, Analysis, & Forecast to 2025

MarketsandMarkets™
The global commercial greenhouse market size is estimated to be valued at USD 29.6 billion in 2020 and is projected to reach USD 50.6 billion by 2025, recording a CAGR of 11.3%

According to MarketsandMarkets, theCommercial Greenhouse Market by Product Type (Fruits, Vegetables, Flowers & Ornamentals, Nursery Crops), Type (Glass greenhouse, Plastic greenhouse), Equipment (Heating systems, Cooling systems), and Region – Global Forecast to 2025″, size is estimated to be valued at USD 29.6 billion in 2020. It is projected to reach USD 50.6 billion by 2025, recording a CAGR of 11.3% in terms of value. The growth of the market can be attributed to the rising demand for food due to the growing population and climate change, which affects the yield of crops. Also, growing knowledge about commercial greenhouse technology for higher yield will provide various growth opportunities for the commercial greenhouse market in the coming years.

Commercial Greenhouse Market

COVID-19 Analysis

As coronavirus has spread worldwide over the past few months, the pandemic has witnessed unimaginable devastation with the loss of thousands of lives and millions of confirmed cases of the disease. Globally, people are self-isolating and staying away from public places and events to avoid contracting or spreading the disease. The COVID-19 outbreak is negatively impacting the overall supply chain in agriculture, and, in turn, the commercial greenhouse market. Due to this outbreak, the entire world is experiencing lockdown situations. Many growers have lost distribution in stores and are either cutting back on stock or closing their doors completely. The demand for shipping and truck companies is increasing extensively. However, the supply is very less as fewer people leave their homes for errands and purchases. Consumers’ have panic-purchased from grocery stores and retailers, making the businesses constantly make shipments to replenish their shelves. However, the supply-chain disruption have resulted in many growers in the greenhouse industry find themselves struggling to send their stock out. Furthermore, countries worldwide are witnessing a lockdown, and mandatory social distancing announced by the government authorities to curb the transmission of the outbreak, resulting in restricted and delayed imports and exports. This poses a drawback for commercial greenhouse suppliers, as their supply chain is not equipped to cater to the customers.

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Challenges: Maintaining optimum climate control to grow crops all-year-round

The increase in the world’s population, accompanied by the shrinking area of arable land used to meet future food demands of the world, is already constraining Earth’s limited agricultural and natural resources. As an alternative to traditional open farming methods, plants can be grown in protected environments, such as commercial greenhouses. They comparatively yield more than the traditional farming techniques and use resources more efficiently than conventional farming. They are now receiving much attention, especially in urban and semi-urban areas.

Initially, greenhouse cropping was predominantly practiced in temperate climates. Still, interest is rapidly rising in hot, arid areas and humid, tropical regions, such as the Middle East, parts of the Asia Pacific, and Africa. However, maintaining suitable climatic conditions inside protected cropping structures in warm regions, where climatic conditions require cooling, is challenging and requires different approaches from those used in temperate conditions. The technologies for maintaining an optimum growing environment in these regions are urgently required. This can help in suitable crop growth in a proper environment to meet the needs of the growing population.

By equipment, the heating systems is projected to grow at the highest CAGR during the forecast period

Heating systems are considered as one of the vital requirements for the effective production of plants in commercial greenhouses. Systems which provide a constant temperature control and do not discharge any harmful material is contribute towards the growth of the plants. A heating system is a process for maintaining the temperature at a desired level. These systems can be centrally controlled or distributed. Often, greenhouses use radiant hot water heating systems for internal heating during cold weather conditions. These heating systems use mixing valves to control the temperature of heating pipes as they can effectively regulate the temperature of heating pipes by flow control.

The North America region is projected to grow at the highest CAGR during the forecast period

The North America region is expected to witness the highest growth rate during the period projected. North American growers formerly used traditional techniques to create a controlled environment within greenhouses. These techniques included insulated greenhouses, use of hot water piping systems to increase the temperature in greenhouses, and conventional lighting technologies such as high-pressure sodium (HPS) lamps and metal-halide (MH) lamps. In the last decade, commercial greenhouse growers in North America gradually began switching to automation technologies to enable plant growth throughout the year. Commercial greenhouse technologies are becoming increasingly popular in urban areas to facilitate supply of fresh vegetables to grocery stores.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=221045451

Key Market Players:

Richel Greenhouse (Eygalieres, FR), Argus Control Systems(British Colombia, Canada), Heliospectra AB (Gothenburg, SE), Rough Brothers Inc. (Vine Steet, Cincinnati, US), Logiqs BV (Maasdijk, NL), Lumigrow, Inc. (Emeryville, CA), Certhon (Poeldijk, Zuid Holland, NL), Hort Americas (Bedford, US), Agra Tech, Inc. (Pittsburg, US), Nexus corporation (Northglenn, Colorado, US), Top Greenhouses, Poly-Tex, Inc. (US), Stuppy Greenhouse (US), The Glasshouse Company Pty Ltd (Australia), Omni Structures International (Canada), Europrogress (Mirandola, ITA), DeCloet Greenhouse Mfg. Ltd. (Canada), Luiten Greenhouses (De Lier, ZH, NL), Sotrafa (Spain), Ammerlaan Construction (Netherlands), and Nobutec B.V. (Netherlands).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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