Commercial Greenhouse Market to be Worth US$32 Billion by 2024


Commercial Greenhouses are high-tech structures constructed which provide highly controllable and stable environmental conditions for the optimal growth of plants, vegetables, fruits, and transplants. The structure consists of a building with walls and roofs made of transparent materials like glass and plastic. Since the commercial greenhouses provide a highly controllable and stable environment, it can be used to grow off-season crops, maintain suitable climatic conditions for each crop, better quality produce, greater control of pests, weeds, and diseases, efficient use of productive resources and safety and comfort in performing crop tasks. 
The growth of the market is driven by the benefits it provides. It gives the ability to provide high yield production as compared to traditional farming techniques. Factors such as rapid urbanization, rising commercial adoption of greenhouse technique, supportive government regulations, rising demand for food, declining arable land due to increasing population, and sudden environmental changes have also supported and driven up the demand and commercial greenhouse market. Moreover, the use of greenhouses for the production of products that have a shortage of supply has made it more popular. However, the high implementation cost and still prevailing lack of awareness among the people about the greenhouses acts as a constraint in the growth of the market to continue.


Market Segmentation
The Commercial Greenhouse Market has been segmented based on type, application, equipment, and Geography. Based on Type, the market is classified as Plastic Greenhouse and Glass Greenhouse. Plastic Greenhouse holds a major part of the commercial greenhouse market share owing to the features of the plastic used for making the greenhouse. These plastics are specially made to resist tearing and withstanding extreme weather conditions.
According to application, the market is classified into Fruits and Vegetables, Flowers and Ornaments, and Nursery Crops. Fruits and Vegetables account for a significant share of the market due to its rising demand. This segment is augmented to grow the commercial greenhouse market size because the demand of the people is rising along with the rise in the population, and the availability of arable lands for agriculture is reducing.
Based on equipment, the market is classified as Heating, Cooling and others. The Heating and the Cooling segments both are growing rapidly and are increasingly become famous. This growth can be substantiated by the change in the environment and climate.
By geography, the market has been classified as North America, South America, Europe, Middle East and Africa, and Asia Pacific. Europe region dominates and holds a significant share of the market followed by the Asia-Pacific region. This is due to the heavy investment for R&D by the key companies and widespread areas of land under greenhouse cultivation in countries such as The Netherlands, Spain, and France. 
Asia-Pacific region has a lucrative market for the commercial greenhouse owing to the increasing population and rising demand for food. Also, supportive government regulations have propelled a positive commercial greenhouse market trend. For instance, the Government of India provides a subsidy of 50-60% of the project cost of the greenhouse through the horticulture department. These measures and supportive regulations are bound to make a rise in demand.

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