Latest News- Commercial Greenhouse Market: Plastic greenhouse is expected to lead the Type segment during 2024-2028

The Commercial Greenhouse Market is being driven by Improvements in CO2 extraction technologies for greenhouses

The Commercial Greenhouse Market is expected to grow at a CAGR of 11.53% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 12769.5 million. In developing economies such as India and China, governments are implementing various policies and initiatives to boost the commercial greenhouse sector. These measures aim to enhance the efficiency and productivity of greenhouses, leading to energy conservation and food security. For instance, the Government of Canada has invested USD75,000 through the AgriRisk initiatives to help Flowers Canada Growers conduct a feasibility study on long-term insurance solutions for the floriculture greenhouse sector. Furthermore, in June 2022, the Canadian federal Minister of Agriculture and Agri-Food and the Minister of Agriculture, Fisheries and Food jointly announced a USD1,956,876 funding for Universite Laval and the Ecole de technologie superieure to conduct research in the greenhouse sector in Quebec. Such government support is crucial for the growth and sustainability of the commercial greenhouse industry. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Plastic greenhouse
  • Glass greenhouse
• Product
  • Fruits and vegetables
  • Flowers and ornamentals
  • Nursery crops
• Geography
  • North America
    • US
  • Europe
    • Germany
    • Spain
  • APAC
    • China
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Improvements in CO2 extraction technologies for greenhouses
• Increasing relevance of LED growth lights in commercial greenhouses
• Rising population leading to increasing demand for food

However, the market also witnesses some limitations, which are as follows:

• High costs associated with commercial greenhouses
• Lack of proper water for irrigation
• High initial investment

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Market Scope in Commercial Greenhouse Market Research Report

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Research Analysis Overview

The Commercial Greenhouse Market is facing challenges from unfavorable weather conditions, yet remains crucial due to the promise of reliable crop harvests. Consumer awareness towards healthier and locally grown produce drives demand. Arable land is a critical concern, leading to efficient land utilization through vertical farming, hydroponic, and aeroponic systems. Spatial efficiency and higher crop yields are key benefits, especially in water-scarce regions. Advanced infrastructure includes HVAC systems, control systems, LED grow lights, sensors, and advanced irrigation systems like drip and recirculation systems. Operational expenses remain a challenge for smaller scale farmers.

Market Research Overview

In the agricultural sector, the commercial greenhouse market represents a significant segment of the global agricultural and farm machinery industry. Key players in this market offer solutions such as controlled environment agriculture, hydroponic systems, vertical farming, and indoor farming solutions, which employ advanced greenhouse farming technologies, sustainable agriculture practices, smart farming systems, and horticultural technology for crop production optimization. Market expansion is driven by the introduction of innovative greenhouse climate control systems, vertical crop cultivation, precision agriculture, greenhouse automation systems, plant growth optimization, and high-yield farming solutions. These offerings integrate greenhouse lighting systems, including LED grow lights, and agricultural production systems, along with greenhouse irrigation systems, to ensure optimal crop growth and yield. The market's growth is further fueled by the increasing number of product launches from key players, who continue to expand their product portfolios to cater to the evolving demands of modern agriculture.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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