Markets and Markets
United States - North Carolina
Greenhouses have become essential in agriculture as they enable the cultivation of a wide range of crops
Description: According to a comprehensive research report titled "Commercial Greenhouse Market by Type (Glass Greenhouse, Plastic Greenhouse), Crop Type (Fruits, Vegetables, Flowers & Ornamentals, Nursery Crops), Equipment (Hardware, Software & Services), and Region - Global Forecast to 2028," published by MarketsandMarkets, the commercial greenhouse market is on a significant growth trajectory. It is projected to achieve a valuation of USD 68.7 billion by 2028, surging from an estimated USD 39.6 billion in 2023. This growth is driven by a multitude of factors that reflect the evolving needs and priorities of individuals, businesses, and industries. Greenhouses have become essential in agriculture as they enable the cultivation of a wide range of crops, even those that may not be well-suited to the local climate. This diversification of crops can significantly expand market opportunities for growers. Moreover, greenhouses offer protection against extreme weather events, helping farmers mitigate risks associated with crop losses due to factors like hail, frost, or heavy rainfall. The plastic greenhouse segment is expected to dominate the market due to heightened global environmental concerns and their capacity for higher yields. Leading market players are investing in research and development to create efficient and high-quality products, especially in developing geographical locations. Plastic greenhouses offer versatility, ranging from small standalone structures to large gutter-connected setups. This adaptability positions plastic greenhouses to drive the market in the coming years. Europe stands as the largest market for commercial greenhouses in terms of value in 2022. Several factors contribute to the expansion of the commercial greenhouse market in Europe. A steady year-round supply of vegetables and other crops is in high demand, and greenhouses are well-positioned to meet this demand. Europe's inclination toward cutting-edge agricultural technologies, supportive government policies, and incentives for sustainable farming practices further boost the market in the region. Key Market Players: Leading players in the commercial greenhouse 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).
