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 grow. Furthermore, the increasing availability of cheaper greenhouse setups has resulted in an increase in the demand by small scale farmers, further increasing the demand for greenhouses in the country. However, a strong preference for traditional cultivation methods in the country will pose as a restriction to the market in the coming years.
Supportive Government Initiatives
Presence of conventional methods for cultivating crops
In May 2019, Mahindra and Mahindra Ltd.’s subsidiary Mahindra EPC signed a deal with Top Greenhouses Ltd., a greenhouse technology company based in Israel to launch a joint agricultural venture in India.
The major players profiled in the India Commercial Greenhouse market include Indian Greenhouses Pvt. Ltd., Saveer Biotech Limited, Netafim, GM Greenhouses, and Mahindra EPC (Operating under Mahindra and Mahindra Ltd.).
The India commercial greenhouse market has been analyzed through the following segments:
Cooling Pad Systems
Medium-Tech Commercial Greenhouse
Fruits and Vegetables
Flowers and Ornamentals