Commercial Greenhouse Market to Cultivate Sustainable Agriculture with a CAGR of 5.7% by 2030
According to a new report published by MarkWide Research, titled, “Commercial Greenhouse Market,” the global market for commercial greenhouses is expected to experience significant growth. Commercial greenhouses play a vital role in modern agriculture by providing controlled environments for crop cultivation.
The report reveals that the global commercial greenhouse market is projected to witness a robust CAGR of 5.7% over the forecast period from 2023 to 2030. This growth is driven by the increasing demand for year-round and locally grown produce, the adoption of advanced greenhouse technologies, and a focus on sustainable agriculture.
Key Findings from the Report:
- Year-Round Production: Commercial greenhouses enable year-round cultivation, reducing dependency on seasonal factors.
- Sustainable Agriculture: Greenhouses promote sustainable farming practices by conserving water and reducing pesticide use.
- Local Food Supply: Consumers prefer locally grown produce, boosting the demand for commercial greenhouse products.
- Advanced Technologies: Automation, climate control, and energy-efficient designs enhance greenhouse productivity.
- Global Food Security: Commercial greenhouses contribute to food security by ensuring a stable supply of fresh produce.
Market Forecast:
The report indicates that the global commercial greenhouse market is currently valued at $25.6 billion in 2023 and is projected to reach $39.8 billion by 2030, with a CAGR of 5.7% during the forecast period. North America and Europe are expected to be key regions for market growth, driven by sustainable agriculture initiatives.
Company Profiles:
Key players in the global commercial greenhouse market include Priva Holding BV, Richel Group, and Certhon. These companies specialize in providing advanced greenhouse solutions and technology for commercial growers.
Conclusion:
The global commercial greenhouse market is set for significant growth, driven by the demand for sustainable and locally sourced agricultural products. With a projected CAGR of 5.7% by 2030, this market offers opportunities for greenhouse manufacturers and technology providers to support the future of agriculture.