The Commercial Greenhouse Market size is estimated to be valued at USD 29.6 billion in 2020. It is projected to reach USD 50.6 billion by 2025, recording a CAGR of 11.3% in terms of value. The growth of the market can be attributed to the rising demand for food due to the growing population and climate change, which affects the yield of crops. Also, growing knowledge about commercial greenhouse technology for higher yield will provide various growth opportunities for the commercial greenhouse market in the coming years.
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Opportunities: Increase in the demand for floriculture and ornamental horticulture applications
Owing to a steady increase in the demand for flowers, floriculture has become one of the important commercial trades in agriculture. Hence, commercial floriculture has emerged as a hi-tech activity under controlled climatic conditions inside a greenhouse. Floriculture in developing countries such as India is viewed as a high-growth industry. Commercial floriculture is becoming important from the export angle. As per APEDA (Agricultural & Processed Food Products Export Development Authority), the country exported 16,949.37 MT of floriculture products worth INR 541.61 crores (USD 75.89 million) in 2019-20.
The Netherlands, Belgium, Colombia, and Ecuador are the major markets for floriculture and ornamental horticulture. The important floricultural crops in the international cut flower trade include rose, carnation, chrysanthemum, gargera, gladiolus, gypsophila, liastris, nerine, orchids, archilea, anthuriu, tulip, and lilies.
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Key Market Players: Richel Greenhouse (Eygalieres, FR), Argus Control Systems(British Colombia, Canada), Heliospectra AB (Gothenburg, SE), Rough Brothers Inc. (Vine Steet, Cincinnati, US), Logiqs BV (Maasdijk, NL), Lumigrow, Inc. (Emeryville, CA), Certhon (Poeldijk, Zuid Holland, NL), Hort Americas (Bedford, US), Agra Tech, Inc. (Pittsburg, US), Nexus corporation (Northglenn, Colorado, US), Top Greenhouses, Poly-Tex, Inc. (US), Stuppy Greenhouse (US), The Glasshouse Company Pty Ltd (Australia), Omni Structures International (Canada), Europrogress (Mirandola, ITA), DeCloet Greenhouse Mfg. Ltd. (Canada), Luiten Greenhouses (De Lier, ZH, NL), Sotrafa (Spain), Ammerlaan Construction (Netherlands), and Nobutec B.V. (Netherlands)
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