The low-tech commercial greenhouse market is projected to grow at a CAGR of 4.73% to reach US$7.722 billion by 2024. Low-tech commercial greenhouses are simply structured and are constructed with locally available materials such as timber, bamboo, etc. Unlike high tech greenhouses, there is no specific control device for regulating various environmental parameters inside the greenhouse. However, simple techniques are used for controlling the temperature and humidity. Similarly, the light inte Read more...
The medium-tech commercial greenhouse market is projected to grow at a CAGR of 5.55% to reach US$5.380 billion by 2024. Medium-tech commercial greenhouses offer a blend of performance and cost-effectiveness as they are cheaper than high-tech commercial greenhouses and at the same time offer better performance than low-tech commercial greenhouses. The market growth of these commercial greenhouses is majorly attributed to their increasing adoption across dry and composite climate zones. Moderat Read more...
The Asia Pacific commercial greenhouse market is projected to reach US$11,363.408 million by 2024 from US$7,636.729 million in 2018 with a CAGR of 6.85%. Asia Pacific is a region based heavily on agriculture sector and poses as an attractive base for the commercial greenhouse market. The demand for commercial greenhouses in the region is projected to witness a good rise owing to the growing investments by both government and key players in the commercial greenhouse market. Furthermore, growin Read more...
The India commercial greenhouse market is projected to grow with a CAGR of 6.50%. India is one of the countries relying heavily on their agricultural sector. Agriculture, forestry, and fishing contributed to 15.619% of the country’s GDP in 2017 and US$414.029 billion in terms of absolute value in the same year (source: The World Bank). This has resulted in the county’s government investing heavily in the field of agriculture and is projected to help the market for commercial greenhouses to g Read more...
The China commercial greenhouse market is projected to reach US$5,089.726 million by 2024 from US$3,268.124 million in 2018 with a CAGR of 7.66%. China is one of the largest countries on the bases of land dedicated to greenhouses and horticulture, thus making it the dominant market in the Asia Pacific region. The country is projected to show a rise in the demand for commercial greenhouses in order to improve their agricultural output. Furthermore, the country’s geography makes it prone to mul Read more...
The South Korea commercial greenhouse market is projected to grow with a CAGR of 6.50%. South Korea is one of the major commercial greenhouse markets in the Asia Pacific region. The demand for commercial greenhouses in the country is on the rise and is also attracting multiple new international players into the market. Furthermore, the South Korean government is also practicing favorable regulations and policies in order to promote the usage of greenhouses to improve the overall cultivability Read more...
The Japan commercial greenhouse market is projected to grow with a CAGR of 5.36% during the 2018-2024 period. Japan, is a country with a comparatively lower agricultural area and high population density. This has led to the country’s high dependence on horticulture and greenhouse practices in order to maximize the agricultural output. Furthermore, the growth of this market in this country is also majorly attributed to continuously shrinking arable land which is one of the factors fueling the Read more...
The Germany commercial greenhouse market is projected to grow at a CAGR of 4.77% to reach during the period 2018-2024. The market for commercial greenhouse is still in its nascent stage, but it is steadily gaining momentum on account of burgeoning need to shift to sustainable farming. Rising trend of organic farming is playing a significant role in the growing focus towards greenhouse farming. According to Eurostat, the utilized agricultural area with organic farming has increased from 689,77 Read more...
The France commercial greenhouse market is projected to grow at a CAGR of 5.72% during the period 2018-2024. Increased focus towards boosting horticulture sector is one of the major factors that are driving the development of new and modernization of the existing greenhouses in the country. Rising investments by the growers in upgrading their greenhouses is the major driving factor that is boosting the commercial greenhouse market growth in the country. Burgeoning demand for tomato cultivatio Read more...
The Netherlands commercial greenhouse market is anticipated to reach US$ 1,276.867 million by 2024. The Netherlands is one of the prominent country in the commercial greenhouse market owing to widespread production of conventional vegetables in the greenhouse and strong support from the government. Rising adoption of advanced technologies and government initiatives have played a crucial role in the good growth of the commercial greenhouses. For an instance, the Dutch government has stimulated Read more...
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