The German commercial greenhouse market is projected to grow at a CAGR of 4.77% to reach during the period 2018-2024. The market for the commercial greenhouse is still in its nascent stage, but it is steadily gaining momentum on account of the burgeoning need to shift to sustainable farming. The rising trend of organic farming is playing a significant role in the growing focus on greenhouse farming.
According to Eurostat, the utilized agricultural area with organic farming has increased from 689,770 ha in 2005 to 852,670 ha in 2010. As a result, manufacturers such as Bom Group are using this opportunity to expand their footprint in the country. Thus, the market is estimated to grow at a steady rate over the forecast period on account of the burgeoning focus on organic farming.
Burgeoning investment in greenhouse organic farming.
Government initiatives to boost organic farming.
Slow adoption of greenhouses.
In December 2018, Reichenspurner Hof invested more than 30 million euros so as to expand its greenhouse cultivation by 16 ha.
In 2017, organic gardener Benjamin Wagner invested about ten million euros to open the biggest organic greenhouse that is spread over 4.2 ha in Muhlingen.
The major players profiled in the German commercial greenhouse market include NETAFIM, Bom Group, GGS Structures Inc., Gibraltar Industries, and Palram Industries Ltd.
The German 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