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Global Commercial Greenhouse Market Expected to Drive Growth through 2022-2030 – Travel Adventure Cinema

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The global commercial greenhouse market the size should go from $2,158.5 million in 2021 at $3,492.5 million by 2030at a CAGR of 6.2% from 2022 to 2030. The adoption of advanced technologies in agriculture has improved farmers’ approaches to farmland. Modern agriculture has made it easy for farmers to achieve high productivity while using resources efficiently. As the agricultural sector expands, farmers around the world aim for higher yields, quality products and economies of scale. The needs of growing population, the need to increase crop yields, increasing food demand and increasing productivity are driving the market.

Factors such as dwindling arable land, climate change, increase in food demand, and benefits derived from greenhouse cultivation of crops are popularizing and encouraging the installation of greenhouses, thereby driving the growth of the market. Factors such as high initial setup costs and lack of technical expertise among farmers may also restrain the growth of the market studied over the forecast period.

Rapid growth in population with retractable land, especially in China and India, is expected to drive the greenhouse market in the Asia-Pacific region. One of the main reasons for the growth of greenhouse agriculture is that cultivable land is decreasing year by year. Hence, maximizing crop yield on available land to meet growing food demand is propelling the commercial greenhouse agriculture market. Additionally, fluctuations in climatic conditions across the globe are pushing farmers to resort to greenhouse cultivation techniques, driving the growth of the market studied.

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Global Commercial Greenhouse Market Dynamics

Drivers: Fluctuating climatic conditions

Climate has an impact on all components of agricultural production, including the area cultivated and the intensity of cultivation. Changes in the frequency and severity of droughts and floods could pose problems for farmers and herders and threaten food security, leading to lower yields globally. The use of greenhouse techniques on a commercial scale provides a protected and controlled atmosphere, which can support the production of seasonal crops throughout the year.

Higher levels of CO2 can affect crop yields. Although increased CO2 levels can stimulate plant growth, it also reduces the nutritional value of most food crops. According to some laboratory experiments, high levels of CO2 can increase plant growth. Other factors can mitigate these potential yield increases, such as temperature changes, ozone, and water and nutrient shortages. If a crop’s optimum temperature is exceeded and sufficient water and nutrients are not available, yield increases may be reduced or reversed.

Constraints: High initial investments

Greenhouse farming requires high start-up costs and raising sufficient capital is one of the biggest challenges for entrepreneurs. Profit margins are much lower with specific products or cultivation methods. Most US greenhouse growers achieve a profit margin of only 3.5% at best, and in bad weather or slow sales, this drops to 1%. A single out-of-control cost can wipe out an entire year’s budget at such profit margins. Several potential issues are slowly increasing greenhouse operating costs, hampering market growth.

The high initial investment is mainly attributed to air conditioners and heaters used for natural air temperature control, which are expensive and require high initial investment. According to the University of Wisconsin-Madison Extension Office, heating is one of the highest costs for the greenhouse grower, especially in cool or cold climates where significant heating is needed to grow crops.

Scope of commercial greenhouse

The study categorizes the commercial greenhouse market on the basis of equipment type, crop type, greenhouse type regionally and globally.

By type of equipment (Sales, million USD, 20172030)

  • Heating systems
  • Cooling systems
  • Other types of equipment

Outlook by crop type (Sales, million USD, 20172030)

  • Fruits and vegetables
  • Flowers and ornamental plants
  • Nursery crops
  • Other crop types

By type of greenhouse (Sales, million USD, 20172030)

  • Glass greenhouses
  • plastic greenhouses

Outlook by region (Sales, million USD, 20172030)

  • North America (United States, Canada, Mexico)
  • South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
  • Europe (Germany, Italy, France, United Kingdom, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia Pacific)
  • The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA)

The heating systems segment is expected to account for the largest market share, by type of equipment

Based on the type of equipment, the global commercial greenhouse market is divided into heating systems, cooling systems and other types of equipment. In 2021, the heating systems segment accounted for the largest market share in the global commercial greenhouse market. In greenhouses, heating systems are one of the major equipment used and hold the largest market share. A centralized hydronic heating system is generally a more efficient form of heating in greenhouses larger than 1000 m2, especially where there are several separate greenhouses. The amount of heat that can be transferred out of the greenhouse depends on the surface area of ​​the structure. A large area can lose more heat than a smaller area at the same time. Therefore, commercial greenhouse growers must focus on a small area to receive optimum heat for the plans.

Energy saving is a major concern in greenhouse cultivation. Thus, equipment manufacturers are focusing on launching energy-efficient heating systems after much experimentation. For example, in April 2019, PHNIX, a heat pump manufacturer in China, developed an impressive greenhouse-integrated energy-saving heat pump through a series of experiments and many successful project examples in China. , which has proven to be much more energy efficient than traditional heating, such as gas, oil, electricity and wood.

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Asia Pacific represents the highest CAGR over the forecast period

On the basis of regions, the global commercial greenhouse market has been segmented into North America, AsiaPacific, Europe, South America, Middle East and Africa. Globally, Asia-Pacific is estimated to hold the highest CAGR of 8.2% in the global commercial greenhouse market during the forecast period. China has become one of the main fruits, vegetables and ornamental plants. The greenhouse manufacturing industry has come a long way and now provides high-tech greenhouses at competitive prices.

With the growing need for higher yields and advancements in technology in greenhouse cultivation in China attracting more farmers to adopt the mechanism, the market is expected to grow over the forecast period. Additionally, greenhouses have long been used in India for commercial flower and vegetable production, but the standard designs are too large and too expensive for small-scale farmers. Kheyti, a non-profit organization, has created several scaled-down versions to help introduce greenhouses to small-scale farmers. The organization has partnered with banks to provide farmers with loans for building greenhouses. As the popularity of greenhouses increases, the market is expected to grow over the forecast period. In Madhya Pradesh, under the Mission Policy for Integrated Horticulture Development, the government has provided greenhouse, shade net, plastic mulching etc. for pomegranate cultivation and lemon at a subsidized price.

Main market players

The commercial greenhouse market is slightly concentrated with few global players operating such as Richel Group, Rough Brothers Inc., Lumigrow Inc., Nexus Corporation, Certhon, Logiqs BV, Hort Americas, Heliospectra AB and Agra Tech Inc.

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