U.S. Commercial Greenhouse market is projected to grow at a CAGR of 3.53% between 2018 and 2024. Growing demand for sustainably grown food is one of the major drivers of commercial greenhouse market in the U.S. High demand for 100% organic fruits and vegetables is also boosting the demand for commercial greenhouses to grow sustainable crops. Mushrooming demand for organic fruits and vegetables as grow lights help plants to grow while preventing pests like aphids or spider mites to multiply and lowering the risk of dehydration in the crops. Strict regulations like FFDCA (Federal Food, Drug, and Cosmetic Act), ESA (Endangered Species Act), and FQPA (Food Quality Protection Act of 1996) in the U.S. regarding the use of pesticides is also augmenting the demand for commercial greenhouses in order to grow plants and crops in a sustainable and efficient manner. According to the USDA (United States Department of Agriculture), greenhouse tomatoes currently represent an estimated 17% of the country’s fresh tomato supply. The presence of major supermarket and hypermarket retail chains in the U.S. also supports the growth of commercial greenhouse market. Around 37% of all fresh tomatoes sold in the U.S. retail stores are now greenhouse. Rising demand for local food is making commercial greenhouses a possible method for harvesting both greens as well as flowers and ornamentals, thus positively impacting the growth of commercial greenhouse market in the country.
Rising demand for sustainably grown food
Presence of major supermarkets and hypermarkets
BrightFarms operates several greenhouses and has recently announced to build additional greenhouses in Massachusetts, California, and New York. Each of these greenhouses will be 280,000 square feet and produce in the range of 2 million pounds of greens per year.
U.S. Commercial Greenhouse Market has been analyzed through the following segments:
Fruits and Vegetables
Flowers and Ornamentals