The commercial greenhouse market is on an upward trajectory, projected to reach USD 68.7 billion by 2028 from an estimated USD 39.6 billion in 2023, reflecting a robust CAGR of 11.6% during the forecast period. This remarkable global expansion of the commercial greenhouse market can be attributed to a convergence of factors that are redefining the agricultural landscape.
Driving Factors for the Commercial Greenhouse Market:
Commercial greenhouses provide controlled environments that enable year-round crop production, irrespective of external weather conditions. This consistent supply of fresh produce aligns seamlessly with consumer preferences for year-round crop availability, thus bolstering the commercial greenhouse market. Additionally, the surge in climate variability, including extreme weather events, has disrupted traditional agriculture. Greenhouses offer a viable solution by creating stable and protected growing conditions, mitigating the challenges posed by unpredictable weather patterns.
Key Market Players and Their Impact:
- Certhon (Netherlands): Certhon is a prominent global provider of innovative and sustainable greenhouse farming technology solutions. With a comprehensive product portfolio encompassing climate control systems, irrigation and fertigation systems, lighting solutions, automation and control systems, and advanced crop management software, Certhon empowers growers to maximize crop yields, reduce resource consumption, and ensure the highest level of food safety and quality. The company’s focus on research and development and commitment to continuous innovation keeps it at the forefront of a rapidly evolving industry.
- Berry Global Group, Inc (US): Berry Global Group, Inc is a global leader in plastic solutions, offering a wide range of products, including specialty closures, prescription vials, specialty films, adhesives, and more. In the agricultural sphere, the company provides advanced agricultural films, including mulch, greenhouse, and silage films. Berry Global’s collaboration with Cleanfarms and Poly-Ag Recycling in May 2022 strengthens Canada’s circular economy by retaining and recovering value from resources, including agricultural films.
- Signify Holding (Netherlands): Signify Holdings, a leading player in the lighting industry, plays a crucial role in the commercial greenhouse market by providing advanced lighting solutions tailored to the needs of greenhouse operations. Their energy-efficient LED lighting systems enhance plant photosynthesis, improve yield, and contribute to sustainable agricultural practices. Signify’s acquisition of Fluence in May 2022 further solidifies its position in the North American horticulture lighting market.
- Heliospectra AB (Sweden): Heliospectra AB specializes in intelligent lighting solutions for horticulture applications. Their biofeedback-based intelligent changeable LED lights create optimal growing conditions for crops in indoor agriculture, commercial greenhouses, and horticultural research. A partnership with MineARC Systems in July 2021 expanded Heliospectra AB’s presence in the Australian market, offering advanced LED lighting solutions for controlled environment agriculture.
- Prospiant (US): Prospiant, a subsidiary of Gibraltar Industries, designs and manufactures greenhouses for commercial and research purposes. They offer custom greenhouse solutions and integrated environment control systems, catering to a wide range of clients, including commercial growers, research facilities, and educational institutions. Prospiant’s acquisition of TerraSmart LLC in December 2020 provided valuable tools for the commercial greenhouse market, particularly in challenging terrains.
These leading players are driving innovation, collaboration, and growth in the commercial greenhouse market, ensuring that the industry stays ahead of evolving agricultural demands and trends.