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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https://www.facebook.com/knowledgesourcing/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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