Commercial Greenhouse Market to Showcase Continued Growth in the Coming Years

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.  

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Vegetables segment dominated the global commercial greenhouse market by product type in 2021

The commercial greenhouse market has been segmented by product type into fruits, flowers & ornamentals, nursery crops, and others. In 2021, the vegetables segment dominated the global market with a share of 41.0%, followed by fruits with a share of 25.4% and flowers & ornamentals with a share of 16.8%. Greenhouses ensure the most suitable conditions to grow vegetables due to the ability to control moisture, light, temperature, fertilization, humidity, and irrigation.

Common crops grown in commercial greenhouses include tomatoes, strawberries, squash, broccoli, herbs, artichoke, beans, and peas. Leafy greens, including spinach, kale, arugula, and micro greens and high-producing crops such as lettuce, cucumber, rocket, greens, and beans also flourish in greenhouses.

Increasing use of M2M Solutions in Greenhouse Farming by Key Market Players is one of the Major Trends

M2M solutions are gaining popularity in smart agriculture as they assist in analyzing data, collecting real-time information, and improving crop yield. They have are huge growth opportunities in China, Indonesia, and the Philippines. The application of M2M solutions in fleet management helps minimize the wastage of food during transportation. IoT helps in reducing the use of resources such as energy and land. Technology-based smart agriculture helps in minimizing the greenhouse emission by reducing input wastage through variable rate technology.

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Europe dominated the commercial greenhouse market, with a value of USD 12.6 billion in 2021; it is projected to reach USD 24 billion by 2027, at a CAGR of 11.3% during the forecast period.

Europe has traditionally been at the forefront of implementing advanced techniques in commercial greenhouse horticulture. The Netherlands, Spain, and Turkey have large areas under greenhouse cultivation. However, in the Netherlands, growers mostly cultivate their plants in simple tunnel-like greenhouses without the use of climate control technologies. Controlled environment agriculture has flourished in Scandinavian countries, where farming is nearly impossible during winter. European growers are among the biggest adopters of commercial greenhouse technologies in the world. The cold climate in several parts of Europe necessitates the use of climate control to provide a favourable environment for plant growth. Supplemental lighting is also necessary in Scandinavian countries, and several other regions of Europe, to extend the growing season throughout the year.

Key Market Players The key players in this market include Richel Group (France), Heliospectra AB (Sweden), Signify Holding (Netherlands), and Certhon (Netherlands).