Published Date : 29 May 2023
The global commercial greenhouse market size is expected to rake USD 78.9 billion by 2030 and representing a 9.52 percent CAGR during the forecast period from 2022 to 2030.
Commercial greenhouses offer a range of covering options, including glass or plastic for the walls and top and frequently made-of-glass-or-plastic walls. An emerging sector with great growth potential is commercial greenhouses. They use a range of technology, such as cooling systems, heating systems, LED grow lights, irrigation facilities, and control mechanisms.
Worldwide, controlled environment plant production systems are used extensively to grow plants at a specific time or location that are of a quality that cannot be achieved outdoors. In order to justify investment expenses, controlled environment agriculture must be far more intensive than field agriculture in terms of capital expenditures per unit area. As more individuals become aware of the technologies that commercial greenhouses use for higher yields, the commercial greenhouse business will have a range of growth potential. Throughout the anticipated era, this market's growth will be mostly dependent on the deployment of renewable energy sources.
In the past, Europe has led the charge in bringing innovative techniques to commercial greenhouse horticulture. Spain and the Netherlands both have significant greenhouse farming areas. In contrast, Dutch farmers frequently grow their plants in plain greenhouses that resemble tunnels without the use of temperature control technology. Agriculture has flourished in Scandinavia, a region where farming is unfeasible due to the region's extreme cold. Growers in Europe are the biggest consumers of commercial greenhouse systems globally. Climate control is required to establish an atmosphere that is favourable for plant growth because many areas of Europe have frigid temperatures. Additional lighting is also required in several other regions of Europe, notably Scandinavia, to extend the growth season all year long.
Commercial Greenhouse Market Report Scope:
|Market Revenue in 2023
|USD 41.74 Billion
|Projected Forecast Revenue in 2030
|USD 78.9 Billion
|Growth Rate from 2022 to 2030
|CAGR of 9.52%
|2022 to 2030
|North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa
Due to the requirement for higher yields while using less space and water, commercial greenhouses are becoming more and more necessary: One of the main advantages of growing crops in a greenhouse is that it produces a higher yield than other forms of farming. Enclosed facilities offer the ideal growing conditions for farmers to produce a crop from seed to harvest in the shortest amount of time and with the highest yields possible on a little amount of land. In greenhouses, hydroponically grown tomatoes produced 10.59 pounds per square foot on average in 2020 as opposed to 1.85 pounds per square foot for conventionally grown tomatoes. Because of this, greenhouse farms are able to increase their overall crop yield by increasing the number of layers and growing spaces.
The limited number of crops that can be produced in greenhouses: Since there are only a few crops that can be successfully grown in greenhouses, this method is not widely used by farmers. A lot of things need to be considered before starting a greenhouse plantation, including temperature control, adequate water supply management, identification and supply of fertiliser, the growth mechanism to be employed, and specific harvest timings for plants. Fruits and vegetables are the finest crops for vertical farming since they grow more quickly and require less water and light. However, there are just a few fruit and vegetable species that can be grown in regulated environments. For instance, many fruits and vegetables have edible branches, roots, and leaves. These plant species don't belong here.
Because they need a lot of water and take a long time to harvest, crops like sugarcane, rice, and grain are difficult to produce in greenhouses. The principal crops grown year-round in the APAC Regional market to feed the expanding population are rice and wheat. Due to the difficulty of growing these crops in greenhouses, commercial greenhouse agriculture in these areas has only recently begun to spread.
The European Union's (EU) total spending plan for 2020 was $197 billion. Fisheries, farming, and rural development combined for $69. billion in spending, or 35% of the entire budget.
Lack of systems to regulate temperature to preserve ideal crop-growing conditions in warm places. Temperature is one of the major environmental factors that affects crop growth, development, yield, and particularly the rate of development. Crops need a certain minimum temperature to complete their entire life cycle. Particularly during critical periods like flowering, extremely low or high temperatures can have a detrimental effect on crop development, growth, and output. Commercial greenhouse farming methods are gaining a lot of attention in urban and semi-urban areas of emerging nations. Due to their hot and humid climate, which hinders agricultural growth, tropical regions including the Middle East, sections of Asia-Pacific, and Africa have difficulty controlling their temperatures. Compared to methods utilised in temperate climates, maintaining the climate in such heated places requires special approaches. A perfect growing environment must be maintained in these areas, which urgently calls for the appropriate technologies.
Major Key Players:
By Crop Type
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