Commercial Greenhouse Market | Opportunities | Challenges
The global commercial greenhouse market is estimated to be valued at USD 35.5 billion in 2022. It is projected to reach USD 61.6 billion by 2027, recording a CAGR of 11.6% during the forecast period. Commercial greenhouses offer different types of covering materials such as glass or plastic roofs, and frequently glass or plastic walls. An emerging application with high growth potential, commercial greenhouses use several technologies such as heating systems, cooling systems, ventilation systems, LED grow light, communication technology, irrigation system, and control systems.
Opportunities: R&D initiatives to improve greenhouse farming methods
Agriculture, as a field, attracts the most scientific R&D. Climate change challenges and environmental concerns have resulted in the development of various methods to ensure food security worldwide. Greenhouse farming is attracting scientists, researchers, and farmers. Experts are trying to introduce greenhouse farming to eliminate the basic problem of climate control in temperate regions. As per the Advanced Horticulture Research Facility, active cooling methods are useful in establishing an optimum environment. Various methods are being studied, such as photovoltaic (PV)-based shading methods for the passive cooling of greenhouses. The current humidity-control techniques used in the protected cropping industry are being improved, and experts are identifying future research opportunities in this area. In 2020, the overall budget for the European Union (EU) was USD 197.1 billion. Spending on agriculture, rural development and fisheries amounted to USD 69.2 billion, which was 35% of the total budget.
Challenges: Lack of temperature control systems to maintain optimum crop production conditions in warm regions
One of the key environmental elements influencing crop growth, development, yield, and particularly the pace of development, is temperature. Crops have fundamental requirements for temperature to finish a whole life cycle. Extremely low and high temperatures can have a negative impact on crop development, growth, and yield, especially at crucial stages like flowering. Urban and semi-urban areas of developing countries are attracting a lot of attention for commercial greenhouse farming techniques. Temperature control in tropical regions like Middle-east, parts of asia-pacific and Africa is challenging owing to its hot and humid climate which hampers the crop growth. Maintaining the climate in such warm regions require unique approaches compared to the techniques used in temperate conditions. Suitable technologies are urgently required to maintain an optimum growing environment in these regions
Key Market Players
The key players in this market include Richel Group (France), Heliospectra AB (Sweden), Signify Holding (Netherlands), and Certhon (Netherlands).
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