Commercial Greenhouse Market | Growth Opportunities | Challenges | Leading Players
The Commercial Greenhouse Market size is estimated to be valued at USD 29.6 billion in 2020. It is projected to reach USD 50.6 billion by 2025, recording a CAGR of 11.3% in terms of value.
The growth of the market can be attributed to the rising demand for food due to the growing population and climate change, which affects the yield of crops. Also, growing knowledge about commercial greenhouse technology for higher yield will provide various growth opportunities for the commercial greenhouse market in the coming years.
Opportunities: Increase in the demand for floriculture and ornamental horticulture applications
Owing to a steady increase in the demand for flowers, floriculture has become one of the important commercial trades in agriculture. Hence, commercial floriculture has emerged as a hi-tech activity under controlled climatic conditions inside a greenhouse. Floriculture in developing countries such as India is viewed as a high-growth industry. Commercial floriculture is becoming important from the export angle. As per APEDA (Agricultural & Processed Food Products Export Development Authority), the country exported 16,949.37 MT of floriculture products worth INR 541.61 crores (USD 75.89 million) in 2019-20.
The Netherlands, Belgium, Colombia, and Ecuador are the major markets for floriculture and ornamental horticulture. The important floricultural crops in the international cut flower trade include rose, carnation, chrysanthemum, gargera, gladiolus, gypsophila, liastris, nerine, orchids, archilea, anthuriu, tulip, and lilies.
Challenges: Maintaining optimum climate control to grow crops all-year-round
The increase in the world’s population, accompanied by the shrinking area of arable land used to meet future food demands of the world, is already constraining Earth’s limited agricultural and natural resources. As an alternative to traditional open farming methods, plants can be grown in protected environments, such as commercial greenhouses. They comparatively yield more than the traditional farming techniques and use resources more efficiently than conventional farming. They are now receiving much attention, especially in urban and semi-urban areas.
Initially, greenhouse cropping was predominantly practiced in temperate climates. Still, interest is rapidly rising in hot, arid areas and humid, tropical regions, such as the Middle East, parts of the Asia Pacific, and Africa. However, maintaining suitable climatic conditions inside protected cropping structures in warm regions, where climatic conditions require cooling, is challenging and requires different approaches from those used in temperate conditions. The technologies for maintaining an optimum growing environment in these regions are urgently required. This can help in suitable crop growth in a proper environment to meet the needs of the growing population.
Leading companies are Richel Greenhouse (Eygalieres, FR), Argus Control Systems(British Colombia, Canada), Heliospectra AB (Gothenburg, SE), Rough Brothers Inc. (Vine Steet, Cincinnati, US), Logiqs BV (Maasdijk, NL), Lumigrow, Inc. (Emeryville, CA), Certhon (Poeldijk, Zuid Holland, NL), Hort Americas (Bedford, US), Agra Tech, Inc. (Pittsburg, US), and Nexus corporation (Northglenn, Colorado, US).
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