Market Size of Commercial Greenhouse Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 47.76 Billion |
| Market Size (2029) | USD 66.86 Billion |
| CAGR (2024 - 2029) | 7.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
Major Players.webp "Commercial Greenhouse Market Major Players"){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
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Commercial Greenhouse Market Analysis
The Commercial Greenhouse Market size is estimated at USD 47.76 billion in 2024, and is expected to reach USD 66.86 billion by 2029, growing at a CAGR of 7% during the forecast period (2024-2029).
A commercial greenhouse is a specialized structure designed for cultivating crops intended for sale. These greenhouses are equipped with advanced technology to optimize the growth of specific plants, including vegetables, flowers, trees, cannabis, and shrubs. Some have transparent roofs to harness natural sunlight, while others use artificial lighting. When exposed to sunlight, commercial greenhouses trap warm air, creating a temperature-controlled environment that shields plants from cold weather. The growing global population, increased food demand, rising global warming, and the need to enhance crop productivity drive the commercial greenhouse market. Advanced greenhouse techniques are being implemented in Europe, especially in countries like Italy, Spain, and the Netherlands, where significant areas are dedicated to greenhouse cultivation.
The diminishing availability of cultivable land contributes to the rise of greenhouse farming. For example, Germany experienced reduced agricultural land from 166.6 million hectares in 2019 to 165.0 million hectares in 2023. Consequently, maximizing crop yield within the limited land area to meet food demand propels the greenhouse farming market. Additionally, climate fluctuations are encouraging farmers across the world to adopt greenhouse farming methods, leading to the market's growth. However, high initial setup costs and a lack of technical expertise among farmers may hinder market expansion during the forecast period.
Commercial Greenhouse Industry Segmentation
Greenhouses allow for the controlled cultivation of fruits and vegetables, ensuring a consistent year-round supply of high-quality produce.
The commercial greenhouse market is segmented by equipment type (heating systems, cooling systems, and other equipment types), greenhouse type (glass greenhouse and plastic greenhouse), crop type (horticulture crops and other crops), and geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The report offers the market sizes and forecast values (USD) for all the above segments.
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| Heating Systems | |
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| Other Crop Types |
| Greenhouse Type | |
| Glass Greenhouses | |
| Plastic Greenhouse |
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Commercial Greenhouse Market Size Summary
The commercial greenhouse market is poised for significant growth, driven by the increasing global population and the rising demand for food. As traditional farming faces challenges such as shrinking cultivable land and fluctuating climatic conditions, greenhouse farming emerges as a viable solution to maximize crop yield and productivity. Europe, particularly countries like Italy, Spain, and the Netherlands, has been at the forefront of adopting advanced greenhouse techniques. The market is further bolstered by the high demand for fresh fruits and vegetables, which dominate the market share due to their quality and appeal to retail chains in developed regions. However, the market's expansion is tempered by high initial setup costs and a lack of technical expertise among some farmers.
The greenhouse market is characterized by its fragmentation, with numerous players ranging from large corporations to small and medium-sized enterprises. Key industry players such as Richel Group, Rough Brothers Inc., Argus Control System Ltd, Certhon, and Gibraltar Industries are actively involved in strategic partnerships and technological innovations to enhance their market presence. For instance, Richel Group has entered a strategic partnership to improve greenhouse efficiency in challenging climates, while Certhon is expanding its aeroponic growing technology globally. These companies, along with others, are focusing on research and development, technological advancements, and strategic collaborations to drive growth and meet the increasing demand for greenhouse farming solutions.
Commercial Greenhouse Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Declining Agricultural Land is Boosting the Commercial Greenhouse Usage
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1.2.2 Increased Demand for Food is Boosting the Market
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1.2.3 Fluctuating Climatic Conditions are Fueling the Commercial Greenhouse Market
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1.3 Market Restraints
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1.3.1 High Initial Investments Preventing Farmers from Adopting Commercial Greenhouses
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1.3.2 Requirement of Precision Agriculture for Increasing Productivity
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Equipment Type
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2.1.1 Heating Systems
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2.1.2 Cooling Systems
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2.1.3 Other Equipment Types
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2.2 Crop Type
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2.2.1 Horticulture Crops
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2.2.1.1 Fruits and Vegetables
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2.2.1.2 Flowers and Ornamentals
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2.2.1.3 Herbs
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2.2.2 Other Crop Types
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2.3 Greenhouse Type
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2.3.1 Glass Greenhouses
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2.3.2 Plastic Greenhouse
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.1.4 Rest of North America
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Russia
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 South Korea
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2.4.3.5 Rest of Asia-Pacific
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle East and Africa
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2.4.5.1 South Africa
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2.4.5.2 Egypt
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2.4.5.3 Rest of Middle East and Africa
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Commercial Greenhouse Market Size FAQs
How big is the Commercial Greenhouse Market?
The Commercial Greenhouse Market size is expected to reach USD 47.76 billion in 2024 and grow at a CAGR of 7% to reach USD 66.86 billion by 2029.
What is the current Commercial Greenhouse Market size?
In 2024, the Commercial Greenhouse Market size is expected to reach USD 47.76 billion.
