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, and others. 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 intensity is controlled by incorporating shading materials like nets. Plants are grown in the soil floor with manual drip irrigation facility.
The growing adoption of low-tech commercial greenhouses on account of budgetary constraints of poor farmers is expected to drive the demand during the forecast period. In addition, extreme weather conditions and corresponding crop loss is increasing the adoption of low-tech greenhouses across growers with limited funds.
Geographically, Asia Pacific region is expected to hold a significantly large share in this market on account of the low budget of farmers and increasing pressure on them to increase their yield. However, environmental limitations coupled with limited growing crop potential of due to the growing environment is expected to hinder the market growth during the next five years.
Improving affordability among poor farmers.
Rising efficiency of low-tech greenhouses.
Low suitability in areas with harsh climates
The major players profiled in the Low-tech commercial greenhouse market include DutchGreenhouses, Ethics Infinity Pvt Ltd., Yamko Yad Paz Industries Ltd., Palram Industries Ltd., DS Hortitrade, and Judin Extrusion.
The low-tech commercial greenhouse market has been analyzed through the following segments:
Fruits and vegetables
Flowers and ornamentals
Middle East and Africa
United Arab Emirates