Commercial Greenhouse Market Growth and Opportunities
The commercial greenhouse market is projected to reach USD 68.7 billion by 2028 from an estimated USD 39.6 billion in 2023, at a CAGR of 11.6% during the forecast period in terms of value. Several important factors augment the demand for commercial greenh
(EMAILWIRE.COM, October 11, 2023 ) The global commercial greenhouse market is on the brink of significant growth, presenting exciting opportunities for businesses and agricultural enthusiasts alike. According to a recent research report by MarketsandMarkets, titled "Commercial Greenhouse Market by Type, Crop Type, Equipment, and Region - Global Forecast to 2028," this industry is poised to reach a staggering USD 68.7 billion by 2028, experiencing a robust CAGR of 11.6% during the forecast period in terms of value.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=221045451
Types of Greenhouses
One of the key findings of the report is the prominence of plastic greenhouses in this evolving market. These structures not only address environmental concerns but also offer higher yield capacities. With an increasing focus on research and development and the approval of innovative products, plastic greenhouses are gaining traction. Their versatility, ranging from small stand-alone structures to large gutter-connected greenhouses, positions them as a driving force in the commercial greenhouse market.
The Role of Hardware
Hardware plays a pivotal role in the greenhouse industry, providing the essential building blocks for efficient operations. Structural frameworks, ventilation systems, heating and cooling systems, lighting, irrigation systems, and automated controls are the linchpin components that ensure optimal growing conditions. These elements directly influence temperature, humidity, lighting intensity, and nutrient delivery, all of which are crucial for successful crop cultivation in controlled environments. As the adoption of commercial greenhouses continues to grow, businesses and growers are prioritizing investments in advanced hardware solutions, promising consistent yields, higher-quality produce, and resource efficiency.
The Vegetable Advantage
In terms of crop types, vegetables claim the largest share of the commercial greenhouse market. Vegetables are a dietary staple worldwide, and commercial greenhouses provide an ideal environment for year-round cultivation. This capability aligns with consumer preferences shifting towards locally sourced and sustainably grown produce. The market's ability to provide fresh, environmentally conscious options resonates with the evolving demands of consumers.
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Europe Leading the Way
Europe has emerged as a frontrunner in the commercial greenhouse market, accounting for the largest share in terms of value in 2022. Several factors contribute to the expansion of this market in Europe. The need for a year-round supply of vegetables and crops aligns with commercial greenhouses' ability to meet this demand effectively. Moreover, Europe's affinity for cutting-edge agricultural technologies, supportive government policies, and incentives for sustainable farming practices create a favorable climate for greenhouse adoption.
Key Players
The market's evolution wouldn't be possible without the contributions of key players such as Berry Global Group, Signify Holding, Heliospectra AB, PLASTIKA KRITIS S.A., EVERLIGHT ELECTRONICS CO., LTD, Prospiant, RICHEL GROUP, Argus Control Systems Limited, Certhon, LOGIQS.B.V., Lumigrow, Inc, Agra Tech, Inc, Hort Americas, Top Greenhouses, and Stuppy Greenhouse. Their dedication to innovation and quality products drives the industry forward.
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=221045451
Types of Greenhouses
One of the key findings of the report is the prominence of plastic greenhouses in this evolving market. These structures not only address environmental concerns but also offer higher yield capacities. With an increasing focus on research and development and the approval of innovative products, plastic greenhouses are gaining traction. Their versatility, ranging from small stand-alone structures to large gutter-connected greenhouses, positions them as a driving force in the commercial greenhouse market.
The Role of Hardware
Hardware plays a pivotal role in the greenhouse industry, providing the essential building blocks for efficient operations. Structural frameworks, ventilation systems, heating and cooling systems, lighting, irrigation systems, and automated controls are the linchpin components that ensure optimal growing conditions. These elements directly influence temperature, humidity, lighting intensity, and nutrient delivery, all of which are crucial for successful crop cultivation in controlled environments. As the adoption of commercial greenhouses continues to grow, businesses and growers are prioritizing investments in advanced hardware solutions, promising consistent yields, higher-quality produce, and resource efficiency.
The Vegetable Advantage
In terms of crop types, vegetables claim the largest share of the commercial greenhouse market. Vegetables are a dietary staple worldwide, and commercial greenhouses provide an ideal environment for year-round cultivation. This capability aligns with consumer preferences shifting towards locally sourced and sustainably grown produce. The market's ability to provide fresh, environmentally conscious options resonates with the evolving demands of consumers.
Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=221045451
Europe Leading the Way
Europe has emerged as a frontrunner in the commercial greenhouse market, accounting for the largest share in terms of value in 2022. Several factors contribute to the expansion of this market in Europe. The need for a year-round supply of vegetables and crops aligns with commercial greenhouses' ability to meet this demand effectively. Moreover, Europe's affinity for cutting-edge agricultural technologies, supportive government policies, and incentives for sustainable farming practices create a favorable climate for greenhouse adoption.
Key Players
The market's evolution wouldn't be possible without the contributions of key players such as Berry Global Group, Signify Holding, Heliospectra AB, PLASTIKA KRITIS S.A., EVERLIGHT ELECTRONICS CO., LTD, Prospiant, RICHEL GROUP, Argus Control Systems Limited, Certhon, LOGIQS.B.V., Lumigrow, Inc, Agra Tech, Inc, Hort Americas, Top Greenhouses, and Stuppy Greenhouse. Their dedication to innovation and quality products drives the industry forward.
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Contact Information:
MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results