The commercial greenhouse market involves the production of horticultural crops, flowers and ornamental plants in a controlled environment within glass or clear-plastic walled structures. Greenhouses are commonly used for growing crops outdoors all year round, regardless of the season or weather. They help in providing optimal growing conditions like temperature, humidity, soil mix, nutrients, water, light intensity and direction. Key advantages of greenhouse farming include higher yields per unit area, safe production from external threats and ability to grow crops out of season. With the rising demand for fresh and locally grown fruits and vegetables, greenhouse farming has become quite important to ensure food security.
Key Takeaways
Key players operating in the Commercial Greenhouse Market are BASF SE, Phenospex, WIWAM, Lemnatec Corporation, Plant-DiTech, Hiphen, Delta-T Devices Ltd., Phenomix, Keygene, Qubit Systems, WPS B.V., Photon Systems Instruments, Vienna Biocenter, Heinz Walz Gmbh, CropDesign, and Rothamsted Research. BASF SE is one of the leading suppliers of seeds, crop protection products and plant biotechnology.
The key opportunities in the market include increasing vertical farming, growing adoption of technologies like IoT, AI and robotics. Vertical farming uses layering to maximize crop yield in a limited space and control parameters like temperature, nutrients and water supply.
Advances in control systems and automation technologies are also driving the Commercial Greenhouse Market Demand. Technologies like IoT sensors help in remotely monitoring greenhouse conditions. Drones, robots and automated machinery help reduce labor costs and improve productivity. AI and machine learning optimize growing parameters and reduce wastage.
Market Drivers
One of the key drivers for the commercial greenhouse market is the rising demand for year-round supplies of fresh produce. As the world's population is increasing, efficient agricultural practices are needed to meet food demand. Greenhouse farming allows controlled production of crops throughout the year regardless of weather conditions. This ensures stable supply and availability of fruits and vegetables to consumers. Further, factors like minimal land requirement, water conservation and improved yields per unit area make greenhouse farming quite lucrative for commercial growers.
Current challenges in the Commercial Greenhouse Market
The Commercial Greenhouse Market faces several challenges currently due to various factors such as high initial investment cost required to set up a greenhouse facility, requirement of technical expertise to manage different climatic conditions, risk of crop failure and diseases. The market players need to continually focused on new technology developments and innovations to optimize production and drive down costs. Adoption of advanced greenhouse technologies still remains low in many regions. Lack of standardization and regulatory framework further hinders the growth of this market.
SWOT Analysis
Strength: Greenhouses allow year-round cultivation of crops and vegetables. They provide protection from extreme weather and allow precise control over climatic conditions.
Weakness: High energy costs for heating, cooling, lighting and ventilation. Reliance on automated equipment increases vulnerability to technical faults.
Opportunity: Scope for development and use of renewable energy sources like solar power to reduce energy costs. Growing demand for vegetables and fruits is creating opportunities globally.
Threats: Threat from open-field farming. Vulnerable to plant diseases in case of poor ventilation. Climate change is posing threats in some regions.
Geographical regions with market concentration
Currently, the market is concentrated highly in North America and Europe regions due to strong presence of players and advanced greenhouse technologies. North America accounts for the largest share currently, followed by Europe.
Fastest growing region
The Asia Pacific region is expected to grow at the fastest pace during the forecast period with double digit CAGR. Rapid urbanization and rising incomes in developing countries like China and India is boosting the demand for vegetables & fruits which in turn driving the commercial greenhouse market in Asia Pacific. Use of greenhouses allows all-season cultivation to meet the growing demand.
Get more insights on Commercial Greenhouse Market
About Author:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
(LinkedIn: www.linkedin.com/in/alice-mutum-3b247b137 )
Comments
0 comment