Commercial Greenhouse Market promises high growth driven by Technological Innovations
Commercial greenhouses provide a controlled environment for growing plants and crops throughout the year, thereby increasing productivity. This market growth will be driven by advancements in greenhouse technologies that optimize crop yields.
Commercial greenhouses are structures with walls and roofs made of transparent material such as glass or plastic that allow natural sunlight to pass through. They are equipped with technologies to control temperature, humidity, ventilation, and other environmental conditions. This enables commercial growers to produce crops and plants off-season and with higher fertility rates compared to traditional open-field cultivation. Commercial greenhouses allow efficient year-round production of vegetables, flowers, trees, and nursery and ornamental crops for local markets and export. With growing food demand worldwide and a changing climate impacting crop yields, commercial greenhouses provide stability and resilience to the agriculture industry.
The global commercial greenhouse market is estimated to be valued at US$ 51.83 Bn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the commercial greenhouse market are BASF SE, Phenospex, WIWAM, Lemnatec Corporation, Plant-DiTech, Hiphen, Delta-T Devices Ltd., Phenomix, Keygene, Qubit Systems, WPS B.V., Photon Systems Instruments, Vienna Biocenter, Heinz Walz Gmbh, CropDesign, and Rothamsted Research. Growing population and rising incomes are increasing demand for fresh produce worldwide. This is driving commercial greenhouse adoption. Technological innovations are optimizing water, nutrient, and energy usage in commercial greenhouses to improve yields sustainably.
Market Trends
Commercial growers are adopting artificial intelligence and automation to monitor and control Commercial Greenhouse Market Scope conditions precisely. This boosts production efficiency. Integrating renewable energy systems like solar PV panels with greenhouses is gaining popularity to reduce energy costs. Commercial greenhouse suppliers are developing multi-layer polycarbonate and polyethylene roofing materials that optimize light transmission for different crops. Market opportunities such Advanced sensors and IoT solutions are enabling precision agriculture in commercial greenhouses. Vertical farming using greenhouse technology in urban areas presents opportunities by shortening supply chains of fruits and vegetables.
Covid-19 Impact on Commercial Greenhouse Market Growth
The Covid-19 pandemic severely impacted the commercial greenhouse market globally. During the initial lockdown phases, operations across the sector suffered setbacks due to disrupted supply chains and logistics hindrances. Labor shortages affected production cycles. Demand from the consumer and food retail sector saw a decline as dining, hotels and tourism came to a standstill. However, post lockdowns have seen renewed demand drives investments in new commercial greenhouse infrastructures. State supports for agriculture and controlled environment sectors boosted the market recovery momentum. Some key impacts of Covid-19 include:
- Supply chain disruptions led to raw material shortages impacting yields during peak planting seasons in 2020. alternative solutions like vertical greenhouses gained popularity.
- Social distancing norms affected labor deployment across harvesting, packaging and distribution networks. Adoption of mechanization and automation solutions increased accordingly.
- Lockdowns depressed foodservice sector demand. However, retail grocery purchases compensated balancing overall demand levels to an extent.
- Government funds flowing into agri infrastructure projects facilitated new greenhouse investments. This will support market expansion once economic recovery stabilizes business environments.
- Areas like pharma, biotech leveraged greenhouse facilities for research activities. This opened new application areas balancing market declines from other sectors.
Post pandemic, a focus on developing resilient localized food systems can drive commercial greenhouse expansion. Investments into protected cropping infrastructure will receive further tailwinds as countries aim for food security. New automation, digitization will also boost market efficiencies in coming years.
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