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 multiple colder temperatures, especially in the northern region, is further emphasizing the demand for higher tech greenhouses in order to improve agricultural production in harsher environments. In addition, support from the government has led to an additional rise in the demand for greenhouses in China and this trend is projected to continue during the forecast period.
Supportive Government Initiatives
Increasing demand for improvement in productivity in adverse climatic conditions
Presence of conventional methods for cultivating crops
In May 2019, Roots Sustainable Agricultural Technologies Ltd. Initiated their third sale agreement of their state-of-the-art greenhouse project with Dagan Agricultural Automation, their distribution partner in China.
In April 2019, the construction of China-Israel Green Eco-Industrial Park was initiated in the Gansu Province in Northwest China. The project included is an intelligent greenhouse, a 10,000-tonne pneumatic warehouse and a Gobi agriculture service center.
The major players profiled in the China Commercial Greenhouse market include Sichuan Jianyang Jianchuan Industry Co., Ltd., Beijing Kingpeng International Hi-Tech Corporation, Noonty Greenhouse Co., Ltd., IGREEN INDUSTRIES LIMITED, and Qingzhou Xinhe Greenhouse Horticulture Co., Ltd.
The China commercial greenhouse market has been analyzed through the following segments:
Cooling Pad Systems
Medium-Tech Commercial Greenhouse
Fruits and Vegetables
Flowers and Ornamentals