The Market of Commercial Greenhouses is Growing with a Lucrative Opportunity

The global commercial greenhouse market is witnessing a steady rise in value, with an estimated worth of USD 35.5 billion in 2022. It is projected to reach an impressive USD 61.6 billion by 2027, exhibiting a compound annual growth rate (CAGR) of 11.6% during the forecast period. Commercial greenhouses have emerged as a promising sector, offering a range of technologies and materials to optimize crop production. In this article, we will explore the various aspects of the commercial greenhouse market, including its product types, technology applications, market dominance, and key players.

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Commercial Greenhouse Features and Technologies

Commercial greenhouses are equipped with advanced features and technologies that create optimal growing conditions for crops. These structures utilize different covering materials, such as glass or plastic roofs, and often have glass or plastic walls. The ability to control moisture, light, temperature, fertilization, humidity, and irrigation makes greenhouses particularly suitable for growing vegetables. The technology employed in commercial greenhouses includes heating systems, cooling systems, ventilation systems, LED grow lights, communication technology, irrigation systems, and control systems. These innovations work together to provide an environment conducive to plant growth and maximize crop yield.

Dominance of Vegetables in the Global Market

The commercial greenhouse market is segmented by product type, which includes fruits, flowers & ornamentals, nursery crops, and others. In 2021, the vegetable segment dominated the global market, capturing a significant share of 41.0%. Fruits accounted for 25.4% of the market share, while flowers & ornamentals held a share of 16.8%. The controlled environment of greenhouses enables the cultivation of vegetables with precise control over essential growth factors. Common crops grown in commercial greenhouses encompass a wide variety, including tomatoes, strawberries, squash, broccoli, herbs, artichoke, beans, peas, leafy greens like spinach, kale, arugula, micro greens, and high-producing crops like lettuce, cucumber, rocket, and beans.

M2M Solutions: Revolutionizing Greenhouse Farming

One of the major trends in the commercial greenhouse market is the increasing use of machine-to-machine (M2M) solutions by key market players. M2M solutions play a pivotal role in smart agriculture by facilitating real-time data analysis, information collection, and improved crop yield. These solutions have substantial growth potential, particularly in regions like China, Indonesia, and the Philippines. In greenhouse fleet management, M2M solutions help minimize food wastage during transportation. The Internet of Things (IoT) technology aids in reducing resource consumption, such as energy and land. Technology-based smart agriculture is instrumental in mitigating greenhouse emissions by minimizing input wastage through variable rate technology.

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Europe: Leading the Commercial Greenhouse Market

Europe holds a dominant position in the global commercial greenhouse market, with a value of USD 12.6 billion in 2021. The region is expected to reach USD 24 billion by 2027, exhibiting a CAGR of 11.3% during the forecast period. European countries, including the Netherlands, Spain, and Turkey, have a substantial area dedicated to greenhouse cultivation. While Dutch growers primarily use simple tunnel-like greenhouses without climate control technologies, controlled environment agriculture has thrived in Scandinavian countries. The harsh winters in several parts of Europe necessitate climate control measures to provide an optimal growth environment for plants. In regions like Scandinavia, supplemental lighting is indispensable for extending the growing season throughout the year.

Key Market Players

Several key players drive the growth and innovation in the commercial greenhouse market. These companies are at the forefront of developing advanced technologies and solutions. Some prominent market players include:

1. Richel Group (France)
2. Heliospectra AB (Sweden)
3. Signify Holding (Netherlands)
4. Certhon (Netherlands)

These industry leaders continue to push the boundaries of greenhouse technology, contributing to the expansion and development of the commercial greenhouse market.