In a recent research report by Market Research Industry, the Commercial Greenhouse Market is expected to surpass USD 59.55 Billion by the year 2028, from USD 31.52 Billion in 2021.
The commercial Greenhouse Market form of the greenhouse is used in the cultivation of a large volume of plants that are grown for the specific purpose of selling those plants. There are various structures of the greenhouse, for instance, high tunnel greenhouse structures, curved glass greenhouse structures, Venlo greenhouse structures, freestanding greenhouse structures, and others.
The type segment is categorized into glass greenhouse and plastic greenhouse. The plastic greenhouses segment gained the largest market share in 2021. The factors responsible for the growth of the market are benefits associated with plastic greenhouses such as the capability to survive in high temperatures and harsh weather, easy setup, and low maintenance. Further, its low cost makes it ideal as a low-budget option. Hence, the plastic segment is estimated to dominate the commercial greenhouse market.
The market is projected to grow at a significant pace reaching a CAGR of approximately 9.6%, over the forecast period of 2022–2028, despite a considerable fall in product sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.
Europe is anticipated to lead the regional segment in the commercial greenhouse market. Spain, Netherland, and Turkey are some of the dominating countries in the region fueling the demand for the commercial greenhouse market. Further, benefit of cold temperature in Scandinavian countries boost the demand for greenhouse and provide favorable conditions for plant growth.
The study is consolidated into major segments and further into sub-segments, such as by Product Type (Fruits, Vegetables, Flowers Ornamentals, Nursery Crops), Type (Glass greenhouse, Plastic greenhouse), Equipment (Heating systems, Cooling systems), to forecast the market size by value; also includes the analysis of past market dynamics from 2016 – 2021, considering 2021 as the base year.
Lastly, the report includes a regional analysis and country analysis with the latest commercial greenhouse market trends, along with the major key players including Argus Control Systems, Richel Greenhouse, Rough Brothers Inc., Heliospectra AB, Lumigrow, Inc., Logiqs BV, Hort Americas, Certhon, Nexus Corporation, Agra Tech, Inc., Stuppy Greenhouse, Top Greenhouses, Poly-Tex, Inc., and The Glasshouse Company Pty Ltd.
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