Report ID:
SQMIG20H2040 |
Region:
Global |
Published Date: November, 2024
Pages:
164
|Tables:
0
|Figures:
0
Commercial Greenhouse Market size was valued at USD 39.8 Billion in 2023 and is poised to grow from USD 44.5 Billion in 2024 to USD 108.6 Billion by 2032, growing at a CAGR of 11.8% during the forecast period (2025-2032).
Growing emphasis on improving crop yields around the world to satisfy global population food needs is projected to drive up the demand for commercial greenhouses going forward. Advancements in greenhouse technologies and growing adoption of precision agriculture practices are also expected to promote the demand for commercial greenhouses over the coming years. High demand for organic food products and increasing unpredictable weather conditions due to climate change are also slated to create an opportune setting for commercial greenhouse market growth in the long run. Launch of new supportive initiatives and programs by governments around the world to improve agricultural yield is also expected to create new opportunities for commercial greenhouse companies going forward. On the contrary, disparity in infrastructure and financial access, volatility in demand and prices, and complexity in greenhouse management are slated to impede commercial greenhouse demand outlook in the long run.
Global Market Size
Largest Segment
Fastest Growth
Growth Rate
CAGR
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The commercial greenhouse market is segmented based on the type, offering, crop type, end user, and region. Based on the type, the greenhouse market is segmented into glass and plastic. Based on offering, the market is segmented into hardware, software, and services. Since crop type, the market is divided into fruits, vegetables, flowers and ornamentals, nursey crops, and others. In terms of technology type, the market is segmented into high-tech commercial greenhouse, medium-tech commercial greenhouse, and low-tech greenhouse. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Analysis by Offering
Hardware is projected to bring in the most revenue for commercial greenhouse companies over the coming years. Growing use of novel hardware components in commercial greenhouses around the world is expected to aid the dominance of this segment in the future. Rising use of advanced irrigation systems, heating and cooling systems in commercial greenhouses is also expected to present new opportunities for commercial greenhouse companies targeting this segment. Growing demand for automation in greenhouses is also expected to create new opportunities for commercial greenhouse companies providing hardware in the long run.
On the other hand, the demand for commercial greenhouse services is projected to rise at a rapid pace across the study period. Growing demand for deployment, installation, maintenance, and support services is projected to help create new business scope for commercial greenhouse companies in the future. Increasing awareness regarding greenhouse benefits is also expected to bolster the demand for commercial greenhouse consultation services going forward. Increasing use of advanced technologies such as robots in greenhouses is anticipated to bolster the demand for novel commercial greenhouse integration services over the coming years.
Analysis by Crop Type
Many commercial greenhouses are projected to focus on the production of vegetables and help this segment maintain its dominance through 2031. The extensive use of vegetables around the world on a daily basis makes it a highly profitable proposition for commercial growers around the world. Extended growing seasons for exotic vegetables offered by greenhouses can help improve profits for commercial greenhouse companies going forward. Growing consumption of vegetables owing to high adoption of plant-based diets is also expected to bolster the demand for vegetables in the future. Demand for organic vegetables is also slated to present new business scope for commercial greenhouse companies focusing on vegetable cultivation going forward.
On the other hand, the demand for fruits in commercial greenhouses is expected to rise at a steady pace in the future. Growing demand for nutritious food products around the world and rising awareness regarding the health benefits of fruit consumption are driving up their demand globally. Increasing interest of commercial fruit farmers in exploring new farming techniques to maximize yield and boost profitability is bringing them towards commercial greenhouses. Providing specialized commercial greenhouses designed for fruit plants could offer new opportunities for commercial greenhouse companies in the long run.
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Europe is forecasted to secure the top spot in the global commercial greenhouse industry. High emphasis on sustainability and the launch of supportive government initiatives to promote greenhouse farming are allowing Europe to hold sway over other regions. Germany, France, Italy, Greece, and the United Kingdom are expected to be leading markets for commercial greenhouse providers targeting the European region going forward. High importance of extended growing seasons in cold climate countries of this region is also expected to uplift the demand for commercial greenhouses over the coming years. Expanding vegan population is also expected to indirectly benefit the demand for commercial greenhouse in Europe.
Growing emphasis on the adoption of sustainable farming practices and rising awareness regarding the benefits of greenhouse farming are making the Asia Pacific region the most opportune market in the world. The launch of subsidies and supportive government initiatives to promote commercial greenhouse farming in this region is also creating new opportunities for commercial greenhouse companies. India, China, and Japan are expected to be at the forefront of commercial greenhouse demand in this region. Rapidly increasing population in this region and the launch of new efforts to improve food security and improve food exports are also creating new business scope for commercial greenhouse providers.
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Drivers
Emphasis on Improving Crop Yields
Launch of Favorable Government Policies and Subsidies
Restraints
Disparity in Access and Infrastructure
Fluctuations in Demand and Prices
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Commercial greenhouse companies should focus on collaborations with governments and other institutions to improve availability of finance in the future. Reducing complexity and operational costs of greenhouses is also a key area of interest for commercial greenhouse providers. Commercial greenhouse companies can also explore the use of advanced technologies such as artificial intelligence, robotics, and Internet of Things (IoT) to promote automation in their offerings.
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SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, rising demand for better crop yields and launch of supportive government funding and initiatives for greenhouse farming are promoting the demand for commercial greenhouses around the world. However, disparity in infrastructure and finance availability across regions and fluctuations in demand are estimated to slow down market development going forward. Targeting Europe is projected to be highly beneficial for commercial greenhouse companies owing to high emphasis on sustainability and presence of supportive initiatives for greenhouse farming. Use of smart technologies is forecasted to present highly rewarding opportunities for all market players in the long run. Hardware components are forecasted to bring in the most revenue for commercial greenhouse companies through 2031.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 35.1 Billion |
Market size value in 2031 | USD 97.14 Billion |
Growth Rate | 11.8% |
Base year | 2023 |
Forecast period | (2024–2031) |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Commercial Greenhouse Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Commercial Greenhouse Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Commercial Greenhouse Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Commercial Greenhouse Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG20H2040
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