Commercial Greenhouse Market Size, Share, Growth Drivers, Trends, Opportunities, and Top Companies

The global commercial greenhouse market size 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. The global expansion of the commercial green house market is fueled by a confluence of factors that are reshaping the agricultural landscape. Commercial greenhouses provide controlled environments that enable year-round production of crops regardless of external weather conditions. This steady supply of fresh produce aligns with consumer demand for consistent availability of crops year-round, thus augmenting the market of commercial greenhouses. Moreover, rising climate variability, including extreme weather events, has led to disruptions in traditional agriculture. Greenhouses offer a way to mitigate these challenges by creating stable and protected growing conditions. These are some of the factors influencing commercial greenhouse market growth.

Commercial Greenhouse Market Growth Drivers:

The global commercial greenhouse market has been experiencing significant growth, driven by several key factors. Here are some of the main growth drivers:

• Increasing Demand for Food Production: As the global population continues to rise, there is an increasing need for sustainable and efficient food production methods. Commercial greenhouses offer controlled environments that enhance crop yields and quality, making them a vital solution to meet this demand.
• Advancements in Greenhouse Technology: Innovations in greenhouse design, materials, and climate control systems have made commercial greenhouses more efficient and cost-effective. Technologies such as automated irrigation systems, LED lighting, and advanced climate control systems help optimize growing conditions, leading to better crop yields and reduced operational costs.
• Growing Popularity of Organic Farming: There is a rising consumer preference for organic and locally grown produce. Commercial greenhouses provide the perfect environment for organic farming by allowing better control over pests, diseases, and environmental conditions without the use of synthetic chemicals.
• Government Support and Incentives: Many governments around the world are promoting sustainable agricultural practices and providing incentives for greenhouse farming. Subsidies, grants, and favorable policies encourage farmers to invest in commercial greenhouse operations.
• Climate Change and Weather Uncertainty: Unpredictable weather patterns and climate change are posing significant challenges to traditional farming. Commercial greenhouses offer a controlled environment that mitigates the risks associated with adverse weather conditions, ensuring consistent crop production year-round.
• Urbanization and Limited Arable Land: As urban areas expand, the availability of arable land for traditional farming is decreasing. Commercial greenhouses can be set up in urban and peri-urban areas, making efficient use of limited space and bringing food production closer to consumers.
• High-Value Crops and Specialty Plants: Commercial greenhouses are particularly beneficial for growing high-value crops and specialty plants, such as flowers, herbs, and exotic fruits, which require specific environmental conditions that can be precisely controlled in a greenhouse setting.

Commercial Greenhouse Market Opportunities: Rise in demand for floriculture and ornamental horticulture applications.

The increasing demand for floriculture and ornamental horticulture presents a significant opportunity for the greenhouse market. As urbanization and disposable incomes rise across the globe, there is a growing interest in enhancing living and working spaces with aesthetically pleasing plants and flowers. Commercial greenhouses provide an ideal environment for cultivating a wide variety of flowers, plants, and ornamental foliage with precision and control. Commercial greenhouses' capacity to provide ideal growing conditions independent of the climate outside is expected to benefit market growth. This makes it possible to grow flowers and decorative plants all year long, satisfying demand for these items during off-seasons or in areas with unfavorable weather. Additionally, greenhouses shield sensitive plants from harsh weather, pests, and illnesses, producing goods of superior quality and greater aesthetic appeal.

Europe is expected to have the largest market share during the commercial greenhouse market forecast period.

Due to urbanization and other land-use pressures, certain European countries have a limited amount of arable land accessible. Commercial greenhouses, therefore, offer an effective approach to maximize food production in a constrained location, making them a workable answer to the problem of food security. European institutions, universities, and research organizations are at the forefront of agricultural research and innovation. This has led to the development of advanced greenhouse technologies, cultivation practices, and crop varieties that enhance productivity and sustainability. Moreover, the developed commercial greenhouse sector in Europe enables surplus output that may be exported to other regions, which helps the area dominate the market.

Top Companies in the Commercial Greenhouse Market

The key players in the commercial greenhouse industry includes: Berry Global Group, Inc (US), Signify Holding (Netherlands), Heliospectra AB (Sweden), PLASTIKA KRITIS S.A. (Greece), EVERLIGHT ELECTRONICS CO., LTD (Taiwan), Prospiant (US), RICHEL GROUP (France), Argus Control Systems Limited (Canada), Certhon (Netherlands), LOGIQS.B.V. (Netherlands), Lumigrow, Inc (Canada), Agra Tech, Inc (US), Hort Americas (US), Top Greenhouses (Israel), Stuppy Greenhouse (US).

Certhon (Netherlands)

Certhon is a leading global provider of greenhouse farming technology solutions. The company offers a comprehensive range of innovative and sustainable solutions for greenhouse cultivation, vertical farming, and plant factories. Its product portfolio includes climate control systems, irrigation and fertigation systems, lighting solutions, automation and control systems, and advanced crop management software. The company’s indoor farming technology solutions are designed to help growers maximize crop yields, reduce resource consumption, and ensure the highest level of food safety and quality. The company has a strong focus on research and development and is committed to continuous innovation, allowing it to stay ahead of the curve in a rapidly evolving industry. Certhon has a global presence, with operations in Europe, North America, South America, Asia, and the Middle East. In June 2023, Certhon partnered with Living Greens Farm (US). This partnership benefited Certhon by accessing perfected aeroponic technology for global expansion. R&D expertise enhances the implementation of sustainable growth solutions.

Berry Global Group, Inc (US)

Berry Global Group, Inc is a global producer of plastic solution films. The company operates through four business segments: consumer packaging international, consumer packaging North America, engineered materials, health, hygiene & specialties. It offers a wide range of products, including specialty closures, prescription vials, specialty films, adhesives, and corrosion protection materials, as well as drink cups, thin-wall containers, and bottles. Through its engineered materials business segment, the company offers a range of agricultural films manufactured using advanced technologies and materials; these include mulch, greenhouse, and silage films. It has manufacturing facilities in the US, Canada, Mexico, India, and Brazil. In May 2022, Berry Global Group, Inc collaborated with Cleanfarms (Canada) and Poly-Ag Recycling (Canada). This collaboration promoted a closed-loop approach to advancing Canada’s circular economy by retaining and recovering value from resources by reusing, repairing, refurbishing, remanufacturing, repurposing, or recycling products and materials. This Canada-based recycling initiative, launched in early 2022, is expected to recover used agricultural films, process recovered grain bag material, and produce new products with recycled content.

Signify Holding (Netherlands)

Signify Holdings, a global leader in lighting solutions, has a significant role in the commercial greenhouse market. Lighting plays a crucial role in controlled environment agriculture, enabling optimal plant growth and productivity. With their expertise in lighting technology, Signify offers advanced solutions tailored to the needs of commercial greenhouse operations. These solutions encompass energy-efficient LED lighting systems designed to enhance plant photosynthesis, improve yield, and contribute to sustainable agricultural practices. Signify's innovations, coupled with their commitment to providing intelligent and efficient lighting solutions, position them as a key player in the commercial greenhouse industry. In May 2022, Signify Holding acquired the rights of Fluence (US), a manufacturer of advanced lighting solutions for controlled environment crop production. This acquisition allowed Signify Holding to provide indoor farming lighting solutions that helped Signify’s position in the attractive North American horticulture lighting market.

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Commercial Greenhouse Market: Recent Developments

• In August 2023, Certhon (Netherlands) acquired DENSO (Japan), which helped Certhon to accelerate the global expansion of its agricultural production business by leveraging Certhon's advanced horticultural technologies to develop innovative farm models, address food challenges, and enhance the agricultural value chain.
• In May 2022, Signify Holding (India) acquired the rights of Fluence (US). This acquisition allowed Signify Holding to expand its product offering in indoor farming lighting solutions that help Signify’s position n in the attractive North American horticulture lighting market.

Global Commercial Greenhouse Market Report Segmentation

Based on Type

• Glass Greenhouse
• Plastic Greenhouse

Based on the Equipment

• Hardware
• Software & services

Based on the Crop Type

• Fruits
• Vegetables
• Flowers & Ornamentals
• Nursery Crops
• Other Crop Types

Based on the Region

• North America
• Europe
• Asia Pacific
• South America
• RoW (the Middle East & Africa)

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