Commercial Greenhouse Market Size, Share, Trends and Forecast

The commercial greenhouse market size is poised for remarkable expansion, projected to reach a valuation of USD 68.7 billion by 2028, surging from an estimated USD 39.6 billion in 2023. This growth is propelled by various factors reflecting evolving needs across individuals, businesses, and industries.

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Overview:

Greenhouses have emerged as indispensable tools in agriculture, facilitating the cultivation of a diverse range of crops irrespective of local climates. This diversification not only expands market opportunities for growers but also provides protection against adverse weather conditions, mitigating risks associated with crop losses due to hail, frost, or heavy rainfall.

Key Insights:

Plastic Greenhouses Take the Lead: The plastic greenhouse segment is poised to dominate the greenhouse market due to heightened global environmental concerns and their capacity for higher yields. Leading market players are investing in research and development to create efficient and high-quality products, driving market growth, especially in developing regions.

Hardware: Essential Components: Hardware components, including structural frameworks, ventilation systems, heating and cooling systems, lighting, irrigation systems, and automated controls, play a pivotal role in greenhouse operations. Investments in advanced hardware solutions become imperative for consistent yields, high-quality produce, and resource efficiency as the adoption of commercial greenhouses rises.

Vegetables Reign Supreme: Vegetables hold a significant position in daily dietary intake globally. Commercial greenhouses provide an ideal environment for year-round vegetable cultivation, meeting consistent consumer demand. Additionally, consumer preferences for locally sourced and sustainable produce align with commercial greenhouses' offerings.

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Europe at the Forefront: Europe emerges as the largest market for commercial greenhouses, driven by factors such as steady year-round supply of vegetables, cutting-edge agricultural technologies, and supportive government policies promoting sustainable farming practices.

Key Market Players:

Leading players in the commercial greenhouse market, including Berry Global Group, Inc., Signify Holding, Heliospectra AB, PLASTIKA KRITIS S.A., among others, are driving innovation and growth in the industry. Their efforts align with the evolving needs of the agricultural sector, ensuring continuous advancements and sustainable practices.

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