Commercial Greenhouse Market Projected to Reach $68.7 Billion by 2028, Driven by Sustainability and Crop Diversification

The global Commercial Greenhouse Market is on track to reach a substantial valuation of USD 68.7 billion by 2028, compared to an estimated USD 39.6 billion in 2023. This growth is propelled by a compelling Compound Annual Growth Rate (CAGR) of 11.6% during the forecast period, reflecting the evolving needs and priorities of individuals, businesses, and industries. Commercial greenhouses offer a versatile platform for cultivating various crops, including those that may not thrive in the local climate. Additionally, these structures provide vital protection against extreme weather conditions, mitigating the risks of crop losses due to factors such as hail, frost, or heavy rainfall.

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The plastic greenhouse segment is expected to dominate the market due to environmental concerns and its superior yield capacity. Market leaders are investing heavily in research and development to develop efficient, high-quality products, targeting untapped opportunities in emerging regions. Plastic greenhouses offer versatility, ranging from small standalone structures to large gutter-connected facilities, making them a compelling choice for growers.

In terms of equipment, hardware plays a pivotal role in establishing efficient and effective greenhouse operations. Hardware components such as structural frameworks, ventilation systems, heating and cooling systems, lighting, irrigation systems, and automated controls are essential building blocks that ensure optimal growing conditions. These components directly influence factors like temperature, humidity, lighting intensity, and nutrient delivery, critical for successful crop cultivation in controlled environments. As the adoption of commercial greenhouses increases, businesses and growers prioritize investments in advanced hardware solutions to ensure consistent yields, high-quality produce, and resource efficiency.

The vegetable crop segment holds the largest market share within the commercial greenhouse market. Vegetables are a dietary staple worldwide, representing a significant portion of daily nutritional intake. Commercial greenhouses offer an ideal environment for year-round vegetable cultivation, meeting consumer demand consistently regardless of seasonal limitations. Furthermore, consumers increasingly prefer locally sourced and sustainably grown produce, aligning with commercial greenhouses’ capabilities to provide fresh and environmentally conscious options.

Europe leads the commercial greenhouse market, with favorable factors driving its expansion. The region experiences strong demand for year-round vegetable and crop supply, aligning with the greenhouse’s ability to provide consistent, fresh produce. Europe also fosters a favorable climate for greenhouse adoption, with a penchant for cutting-edge agricultural technologies, supportive government policies, and incentives for sustainable farming practices.

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Key players in this market include Berry Global Group, Inc. (US), Signify Holding (Netherlands), Heliospectra AB (Sweden), PLASTIKA KRITIS S.A. (Greece), EVERLIGHT ELECTRONICS CO., LTD (Taiwan), Prospiant (US), RICHEL GROUP (France), Argus Control Systems Limited (Canada), Certhon (Netherlands), LOGIQS.B.V. (Netherlands), Lumigrow, Inc (Canada), Agra Tech, Inc (US), Hort Americas (US), Top Greenhouses (Israel), Stuppy Greenhouse (US). These companies are at the forefront of driving innovation and sustainability in the commercial greenhouse industry, meeting the evolving needs of growers and consumers alike.