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Urbanization and Limited Arable Land Propel Commercial Greenhouse Market to $60.72 billion by 2029

28 Jan, 2025

What Has Been the Growth Trajectory of the Commercial Greenhouse Market?

The commercial greenhouse market has exhibited significant growth in previous years driven by various factors.
• The market grew from $35.58 billion in 2024 to $39.34 billion in 2025, at a Compound Annual Growth Rate (CAGR) of 10.6%.
Key factors credited for this marked growth include the increasing demand for fresh produce, burgeoning population, climate change, extreme weather events, and increasing interest in sustainable and organic farming.

How Will the Commercial Greenhouse Market Perform in the Upcoming Years?

The commercial greenhouse market is poised for robust growth in the upcoming years.
• The market size is forecast to reach $60.72 billion in 2029, progressing at an estimated CAGR of 11.5%.
This expected growth is attributed to urbanization, limited arable land, government incentives and regulations, evolving consumer preferences, and export opportunities. Key trends include advances in research and development, technology, sustainable practices, automated greenhouses, vertical farming, Controlled-Environment Agriculture (CEA), specialized crop production, circular agriculture, and health and wellness products.

What Are the Key Drivers Spurring the Commercial Greenhouse Market?

Increasing population and limited availability of arable land are propelling the growth of the commercial greenhouse market. Greenhouse farming significantly yields more vine seeds than conventional cultivation, thanks to regulated media and environmental conditions. A report by the United Nations in 2022 indicated the global population at 7.9 billion in 2021, with projections up to 8.5 billion in 2030 and 9.7 billion in 2050. By 2030, around 660 million people may still face hunger, pressuring the existing arable land to increase food production via soil treatment devices. This situation of rising food demand and decreasing arable land is expected to further stimulate the commercial greenhouse market, which delivers improved harvest in both quantity and quality compared to traditional methods.

How Is the Commercial Greenhouse Market Segmented?

The commercial greenhouse market covered in this report is segmented into –
1) By Type: Glass Greenhouse, Plastic Greenhouse
2) By Equipment Type: Cooling Systems, Heating Systems, Other Equipment
3) By Crop Type: Fruits, Vegetables, Flowers & Ornamentals, Nursery Crops, Other Crops

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What Are the Trends Emerging In the Commercial Greenhouse Market?

Companies in the commercial greenhouse market are innovating advanced greenhouse films to provide reliable services to customers. These high-performance materials are designed to optimize light transmission, thermal insulation, and durability, enhancing crop growth and environmental control in greenhouse agriculture. For instance, US-based advanced materials manufacturing company, UbiQD, Inc., launched UbiGro Inner-600 and UbiGro Inner-650 in November 2022. These are used to increase fruit sets and size in various crops and are designed to better target individual crop types under specific light-level conditions.

Who Are the Leading Players In the Commercial Greenhouse Market?

The major companies operating in the commercial greenhouse market include:
• Heliospectra AB
• Nexus Corporation
• Rough Brothers Inc.
• Agra Tech Inc.
• Logiqs BV
• Certhon - Greenhouse Solutions BV
• Argus Control Systems Ltd.
• Richel Group
• Hort Americas
• International Greenhouse Company

Which Region Dominated the Commercial Greenhouse Market, and Which Exhibits Fastest Growth?

In 2024, Europe was the largest region in the commercial greenhouse market. However, North America is predicted to register the highest growth rate during the forecast period. The regions covered in the commercial greenhouse market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.