The Europe commercial greenhouse market is projected to grow at a CAGR of 6.77% to reach US$13,260.89 million by 2024. Commercial Greenhouse holds a dominant share in the market as greenhouse cultivation is the most preferred form of cultivating crops due to harsh climatic conditions. Growing focus towards greenhouse organic farming and rising adoption of advanced technologies by the growers are the key factors that are driving the commercial greenhouse market growth. Government initiatives to promote greenhouse farming is acting as a catalyst to the growth of these commercial greenhouses. Countries such as Russia are increasingly adopting greenhouse farming so as to implement sustainable farming in the country, thus augmenting the commercial greenhouse market growth.
Increasing investments in greenhouse organic farming projects
Supportive government initiatives
Construction of new greenhouses
Declining area under greenhouse cultivation
In September 2018, Authorities in the Voronezh region invested $220 million to build a greenhouse complex for the closed-soil cultivation of vegetables.
In June 2018, LumiGrow expanded to Europe with the new smart lighting product at Greentech Amsterdam
The major players profiled in the Europe commercial greenhouse market include LumiGrow, Certhon, RICHEL GROUP, LOGIQS B.V., Heliospectra AB, DALSEM, ININSA, DutchGreenhouses, Growponics Ltd., and NETAFIM.
The Europe commercial greenhouse market has been analyzed through the following segments:
High-Tech Commercial Greenhouse
Cooling Pad System
Medium-Tech Commercial Greenhouse
Low-Tech Commercial Greenhouse
Fruits and Vegetables
Flowers and Ornamentals