Markets and Markets
United States - North Carolina
Commercial Greenhouse Market Trends & Dynamics by 2028
Description: Global commercial greenhouse market size was accounted for USD 39.6 Billion in 2023 and is expected to hit around USD 68.7 Billion by 2028, growing at a CAGR of 11.6% during the forecast period 2023-2028. Several important factors augment the demand for commercial greenhouse solutions and services on a global scale. Commercial greenhouses provide the opportunity to lengthen growing seasons, lessen the effects of unfavorable weather, and ensure reliable crop harvests. Additionally, as consumer's awareness of the provenance and quality of their food grows, the transparency and traceability provided by greenhouse-grown products find a significant market resonance. As the population expansion continues, available arable land becomes insufficient, making efficient land utilization a critical concern. Commercial greenhouses address this challenge by maximizing space utilization through vertical farming, hydroponic, and aeroponic systems, allowing for multiple layers of cultivation within a compact area. This spatial efficiency enables growers to achieve substantially higher crop yields compared to traditional open-field methods. Moreover, water scarcity is a compelling issue across many regions, necessitating the adoption of water-efficient cultivation techniques. Commercial greenhouses excel in this aspect by enabling precise control over irrigation, preventing water wastage through targeted delivery directly to plant roots. Additionally, advanced irrigation systems like drip and recirculation systems within greenhouses optimize water use and reduce evaporation losses. Thus, these factors are anticipated to drive the market of commercial greenhouses in the upcoming years. The increasing demand for floriculture and ornamental horticulture presents a significant opportunity for the commercial greenhouse market. As urbanization and disposable incomes rise across the globe, there is a growing interest in enhancing living and working spaces with aesthetically pleasing plants and flowers. Commercial greenhouses provide an ideal environment for cultivating a wide variety of flowers, plants, and ornamental foliage with precision and control. Commercial greenhouses' capacity to provide ideal growing conditions independent of the climate outside is expected to benefit commercial greenhouse market growth. This makes it possible to grow flowers and decorative plants all year long, satisfying demand for these items during off-seasons or in areas with unfavorable weather. Additionally, greenhouses shield sensitive plants from harsh weather, pests, and illnesses, producing goods of superior quality and greater aesthetic appeal. Make an Inquiry The high risk of equipment failure and the resultant possibility of limited production is hindering the adoption of greenhouse farming. For instance, failure of a part of the system, such as a water pump, may lead to the death of the plants within a matter of hours. Without soil, there is no water or nutrient storage for plants to feed on. Much like any typical grow room, in case of a power outage, the backup must be ready. This might result in additional costs, consequently affecting the cost of production and profit margins. The delay in the learning curve of users also acts as a challenging factor in the growth of this market. For a large portion of the population that is accustomed to traditional ways and farming techniques, it becomes difficult to adopt modern and newer techniques, such as hydroponics. They are required to spend considerable time to understand the systems. Delays in getting familiar with the systems can hamper production. Delayed learning curves among growers thus pose a potential challenge to market growth. Leading companies in this market include well-established, financially stable solution providers of commercial greenhouse products and service providers. These companies have been operating in the market for several years and possess a diversified service portfolio, state-of-the-art laboratory & technologies, and strong global sales and marketing networks. Prominent companies in this market include Berry Global Group, Inc (US), Signify Holding (Netherlands), Heliospectra AB (Sweden), PLASTIKA KRITIS S.A. (Greece), EVERLIGHT ELECTRONICS CO., LTD (Taiwan), Prospiant (US), RICHEL GROUP (France), Argus Control Systems Limited (Canada), Certhon (Netherlands), LOGIQS.B.V. (Netherlands), Lumigrow, Inc (Canada), Agra Tech, Inc (US), Hort Americas (US), Top Greenhouses (Israel), and Stuppy Greenhouse (US).Commercial Greenhouse Market Trends & Dynamics
Driver: Need for higher yields using limited space and water.
Opportunity: Rise in demand for floriculture and ornamental horticulture applications.
Challenge: Risk of equipment failure and delays in the learning curve of growers
