Commercial Greenhouse Market to grow by USD 10.57 billion from 2022 to 2027

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22 Aug, 2023, 12:30 ET

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NEW YORK, Aug. 22, 2023 /PRNewswire/ -- The commercial greenhouse market size is set to grow by USD 10,570.41 million from 2022 to 2027, at a CAGR of 10.72% during the forecast period. The market is fragmented due to the presence of diversified international and regional vendors. Improvements in CO2 extraction technologies for greenhouses are notably driving market growth. In the process of photosynthesis, plants necessitate CO2 for the production of glucose. The atmospheric CO2 concentration is merely 0.04% by volume, posing a limitation. Moreover, greenhouses demand supplemental CO2 to enhance overall crop yield. Innovative methods have emerged to achieve optimal CO2 levels, encompassing approaches such as utilizing biomass or geological engineering to capture CO2 from the atmosphere. Manufacturers are pioneering advanced technologies for efficient CO2 extraction. This advancement is also leading to increased affordability of CO2, enabling farmers to introduce it into greenhouses to amplify yields. As a result, the evolution of CO2 extraction techniques tailored for greenhouses is projected to steer the expansion of the global commercial greenhouse market during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Request sample report

Commercial Greenhouse Market 2023-2027: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The commercial greenhouse market report covers the following areas:

Commercial Greenhouse Market 2023-2027: Company Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Agra Tech Inc., Argus Control Systems Ltd., Berry Global Inc., Certhon Build B.V., DeCloet Greenhouse Mfg. Ltd., Europrogress Srl, Gibraltar Industries Inc., Heliospectra AB, International Greenhouse Contractors LLC , LOGIQS B.V., Ludy Greenhouse Mfg. Corp., Luiten Greenhouses BV, PLASTIKA KRITIS SA, Prospiant Inc, Richel Group SAS, Saveer Biotech Ltd., Signify NV, Stuppy Greenhouse, The Glasshouse Company Pty Ltd., and Top Greenhouses Ltd. are among some of the major market participants.

Company Offerings

What`s New for 2023?

Market Dynamics

Key Trends

Government support for commercial greenhouses in developing economies is an emerging market trend. Emerging economies like India and China are demonstrating proactive government initiatives and incentives to bolster the proliferation of commercial greenhouses. These endeavours are designed to heighten the operational efficiency and productivity of greenhouses, consequently facilitating energy conservation and augmenting food self-sufficiency. An illustrative instance is the partnership agreement between the Dutch Greenhouse Delta and the Municipality of Westland in December 2022. This partnership is geared towards fostering the sustainable and efficient production of healthy and safe food. Such collaborations are poised to make significant contributions during the forecast period, ensuring the availability of wholesome, affordable, and locally sourced sustenance. Consequently, government-led initiatives aimed at propelling the commercial greenhouse sector are anticipated to drive the growth of the global market during the forecast period.

Major Challenge

High costs associated with commercial greenhouses are a major challenge hindering market growth.

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Commercial Greenhouse Market 2023-2027: Segmentation

Commercial Greenhouse Market is segmented as below:

The plastic greenhouse segment will account for a major share of the market's growth during the forecast period. Plastic greenhouses are typically constructed using materials like polycarbonate, acrylic, polyethene, or fibreglass. Polycarbonates and acrylics exhibit remarkable durability, with the ability to withstand hail and impacts while shielding crops effectively. They provide protection against snow and hail without succumbing to breakage. Notably, the prevalence of plastic greenhouses is on the rise in developing nations like India and China, owing to their lower initial investment requirements compared to glass greenhouses. The inherent advantages of plastic greenhouses position this segment to experience growth within the commercial greenhouse market during the forecast period.

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Commercial Greenhouse Market 2023-2027: Key Highlights

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Commercial Greenhouse Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 10.72%

Market growth 2023-2027

USD 10,570.41 million

Market structure

Fragmented

YoY growth 2022-2023(%)

10.5

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 35%

Key countries

US, China, The Netherlands, Germany, and Spain

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Agra Tech Inc., Argus Control Systems Ltd., Berry Global Inc., Certhon Build B.V., DeCloet Greenhouse Mfg. Ltd., Europrogress Srl, Gibraltar Industries Inc., Heliospectra AB, International Greenhouse Contractors LLC , LOGIQS B.V., Ludy Greenhouse Mfg. Corp., Luiten Greenhouses BV, PLASTIKA KRITIS SA, Prospiant Inc, Richel Group SAS, Saveer Biotech Ltd., Signify NV, Stuppy Greenhouse, The Glasshouse Company Pty Ltd., and Top Greenhouses Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents

Executive Summary

Market Landscape

Market Sizing

Historic Market Size

Five Forces Analysis

Market Segmentation by Type

Market Segmentation by Product

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, and Trends

Vendor Landscape

Vendor Analysis

Appendix

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

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