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.
Plastic Greenhouses: Pioneering Growth
The forecast period anticipates plastic greenhouses to witness the highest growth rate, offering affordability and enhanced thermal efficiency compared to traditional glass structures. These cost-effective alternatives facilitate broader market adoption, particularly among small and medium-sized businesses, while also ensuring energy savings through improved insulation properties.
Hardware: Foundation of Resilience
Hardware components are projected to maintain market leadership, providing durability and reliability to greenhouse structures against diverse environmental challenges. As commercial greenhouse farming expands into regions with varying climates, the demand for adaptable and dependable hardware solutions escalates, driving greenhouse market growth.
Vegetables: Commanding Market Share
Expectations point towards vegetables dominating the market share, owing to precise environmental control within greenhouse settings that leads to increased crop yields and superior-quality produce. With consumer preferences gravitating towards nutritious and visually appealing vegetables, greenhouse farming emerges as a dependable solution to consistently meet demand.
Europe: Leading Market Dominance
Europe is poised to hold the largest market share, leveraging commercial greenhouses to maximize food production amidst constraints on available arable land due to urbanization. The region’s commitment to agricultural innovation, coupled with well-developed greenhouse sectors, positions it as a key exporter of surplus produce, solidifying its market dominance.
Key Market Players
Leading players such as Berry Global Group, Inc., Signify Holding, Heliospectra AB, among others, play pivotal roles in driving innovation and market growth through advanced technologies and sustainable practices, further enhancing the commercial greenhouse sector’s prospects.
