The demand for commercial greenhouse is expected to be valued at US$ 44.6 billion in 2024. The commercial greenhouse market is projected to reach US$ 137 billion by 2034, with a CAGR of 11.9% between 2024 and 2034. The growing demand for sustainable food production and controlled environment agriculture drives the market growth. Customers value environmentally friendly and energy-efficient solutions, and demand for precision farming is driven by year-round production, crop diversity, and local and fresh supply requirements. Advanced technology, such as automated systems and intelligent controls, is also sought.
Customers in the commercial greenhouse industry primarily favor solutions that focus on the environment and energy efficiency. Producers are turning toward developments in automated systems and intelligent controls to accomplish precision farming. But they require more than simply cutting-edge technology. They also need solutions that support crop diversity, allow for year-round production, and can satisfy the demand for fresh products in the area. An emphasis on quality, sustainability, and innovation characterizes the extremely active commercial greenhouse sector.
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The commercial greenhouse industry is witnessing a notable upswing in its growth trajectory, primarily due to the rapidly rising attention given to year-round production and crop diversification. This has led to an increased adoption of advanced greenhouse technologies and innovative farming techniques to improve crop yields and quality. Furthermore, these measures have also been designed to minimize the adverse environmental impacts of traditional agricultural practices. The industry is presently experiencing a surge in demand for various crops, including vegetables, fruits, flowers, and ornamental plants. This trend has opened up fresh opportunities for greenhouse growers and suppliers worldwide.
The demand for commercial greenhouses might be decreasing because of the economic downturns affecting agricultural investments. Furthermore, the shift in consumer preferences toward outdoor farming and traditional methods could also lead to a drop in demand. Emerging challenges, like changing market dynamics or external factors such as climate and disease, may also contribute to declining demand for commercial greenhouses.
“The commercial greenhouse industry is experiencing growth due to the growing demand for sustainable food production and controlled environment agriculture. Customers value environmentally friendly solutions, precision farming, and advanced technology. The industry is focusing on quality, sustainability, and innovation, with a surge in demand for various crops. However, economic downturns, consumer preferences, and emerging challenges may impact demand.” Says Lead Analyst at FMI
Key Takeaways from the Commercial Greenhouse Market
- The United States commercial greenhouse industry is projected to experience a CAGR of 7% through 2034.
- Japan commercial greenhouse market is expected to demonstrate a rapid CAGR of 4% through 2034.
- The United Kingdom commercial greenhouse industry is anticipated to witness a CAGR of 6% through 2034.
- South Korean commercial greenhouse industry showcases a promising CAGR of 2% through 2034.
- China commercial greenhouse market is expected to display an astonishing CAGR of 8% through 2034.
Competitive Landscape
Key market players in greenhouse farming are expanding and standardizing best practices. They prioritize sustainability by adopting eco-friendly practices and promoting resource-efficient technologies. Influential companies educate stakeholders about commercial greenhouses’ benefits, driving acceptance. Investment in research and development contributes to advanced greenhouse solutions and crop varieties.
Leading players drive the adoption of innovative technologies like precision farming and automation, shaping the industry’s modernization. Collaborations with technology providers, agricultural research institutions, and government bodies facilitate knowledge exchange, driving industry growth. Prominent players also advocate for supportive policies at national and international levels, influencing regulatory frameworks that impact the commercial greenhouse industry’s growth.
Recent Developments in the Commercial Greenhouse Market
- In January 2024, Centuria Capital Group acquired a greenhouse and glasshouse facility within the Adelaide Plains, South Australia, for its open-ended, unlisted agriculture fund from horticulture group P’Petual Holdings.
- In January 2024, Lassana Agri cultivated 10,000 hectares using advanced greenhouse solutions to uplift farmers from poverty by transitioning them to modern agriculture and providing predictive revenue models to secure financial support for expanding production.
- In October 2023, VidaWool affiliated with Hawthorne Gardening to distribute nutrient-optimizing indoor horticulture products, including strings, plugs, blocks, and slabs.
Key Segments
By Equipment Type:
- Heating Systems
- Cooling Systems
- Other
By Crop Type:
- Fruits and Vegetables
- Flowers and Ornamentals
- Nursery Crops
- Others
Greenhouse Type:
- Glass Greenhouses
- Plastic Greenhouse
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East and Africa.
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