According to MarketsandMarkets, the commercial greenhouse market is projected to reach USD 68.7 billion by 2028 from an estimated USD 39.6 billion in 2023, at a CAGR of 11.6% during the forecast period in terms of value. The global expansion of the commercial greenhouse market is fueled by a confluence of factors that are reshaping the agricultural landscape. Commercial greenhouses provide controlled environments that enable year-round production of crops regardless of external weather conditions. This steady supply of fresh produce aligns with consumer demand for consistent availability of crops year-round, thus augmenting the market of commercial greenhouses. Moreover, rising climate variability, including extreme weather events, has led to disruptions in traditional agriculture. Greenhouses offer a way to mitigate these challenges by creating stable and protected growing conditions. These are some of the factors influencing the commercial greenhouse market growth.
The key players in this market include Berry Global Group, Inc (US), Signify Holding (Netherlands), Heliospectra AB (Sweden), PLASTIKA KRITIS S.A. (Greece), EVERLIGHT ELECTRONICS CO., LTD (Taiwan), Prospiant (US), RICHEL GROUP (France), Argus Control Systems Limited (Canada), Certhon (Netherlands), LOGIQS.B.V. (Netherlands), Lumigrow, Inc (Canada), Agra Tech, Inc (US), Hort Americas (US), Top Greenhouses (Israel), Stuppy Greenhouse (US).
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Certhon (Netherlands), Certhon is a leading global provider of greenhouse farming technology solutions. The company offers a comprehensive range of innovative and sustainable solutions for greenhouse cultivation, vertical farming, and plant factories. Its product portfolio includes climate control systems, irrigation and fertigation systems, lighting solutions, automation and control systems, and advanced crop management software. The company’s indoor farming technology solutions are designed to help growers maximize crop yields, reduce resource consumption, and ensure the highest level of food safety and quality. The company has a strong focus on research and development and is committed to continuous innovation, allowing it to stay ahead of the curve in a rapidly evolving industry. Certhon has a global presence with operations in Europe, North America, South America, Asia, and the Middle East. In June 2023, Certhon partnered with Living Greens Farm (US). This partnership benefitted Certhon by accessing perfected aeroponic tech for global expansion. R&D expertise enhances the implementation of sustainable growing solutions.
Berry Global Group, Inc (US), Berry Global Group, Inc is a global producer of plastic solution films. The company operates through four business segments—consumer packaging international, consumer packaging North America, engineered materials and health, hygiene & specialties. It offers a wide range of products, including specialty closures, prescription vials, specialty films, adhesives, corrosion protection materials, as well as drink cups, thin-wall containers, and bottles. Through its engineered materials business segment, the company offers a range of agricultural films manufactured using advanced technologies and materials; these include mulch, greenhouse, and silage films. It has manufacturing facilities in the US, Canada, Mexico, India, and Brazil. In May 2022, Berry Global Group, Inc collaborated with Cleanfarms (Canada) and Poly-Ag Recycling (Canada). This collaboration promoted a closed-loop approach to advancing Canada’s circular economy by retaining and recovering value from resources by reusing, repairing, refurbishing, remanufacturing, repurposing, or recycling products and materials. This Canada-based recycling initiative launched in early 2022 is expected to recover used agricultural films, process recovered grain bag material, and produce new products with recycled content.
Signify Holding (Netherlands) Signify Holdings, a global leader in lighting solutions, has a significant role in the commercial greenhouse market. Lighting plays a crucial role in controlled environment agriculture, enabling optimal plant growth and productivity. With their expertise in lighting technology, Signify offers advanced solutions tailored to the needs of commercial greenhouse operations. These solutions encompass energy-efficient LED lighting systems designed to enhance plant photosynthesis, improve yield, and contribute to sustainable agricultural practices. Signify's innovations, coupled with their commitment to providing intelligent and efficient lighting solutions, position them as a key player in the commercial greenhouse industry. In May 2022, Signify Holding acquired the rights of Fluence (US), a manufacturer of advanced lighting solutions for controlled environment crop production. This acquisition allowed Signify Holding to provide offering indoor farming lighting solutions that help Signify’s position n in the attractive North American horticulture lighting market.
Heliospectra AB (Sweden) Heliospectra AB is a provider of intelligent lighting solutions for horticulture applications. It creates the perfect environment for crop cultivation by integrating changeable LEDs with optics, remote sensing technologies, and heat dissipation mechanisms. The business's unique biofeedback-based intelligent changeable LED lights can be used for illumination in indoor agricultural applications, commercial greenhouses, and horticultural research. The company has a presence in European and North American countries. In July 2021, Heliospectra AB partnered with MineARC Systems. The company will represent Heliospectra’s market-leading LED lighting and light control solutions for controlled environment agriculture in the Australian market. This partnership would enable Heliospectra AB to expand its outreach in the Australian market by increasing its consumer base.
Prospiant (Japan), Prospiant is a subsidiary of Gibraltar Industries that is involved in designing and manufacturing greenhouses for research and commercial purposes. The company builds custom greenhouses and conservatories for commercial growers, retail garden centers, research facilities, universities, and schools. It also helps in the construction and management of the greenhouse structure and integrated environment control systems. The company is one of the largest commercial greenhouse and garden center manufacturers in North America, and it also provides growing systems, shade and curtain systems, plant growth lighting, insect screens, doors, environmental controls, benching products, heating products, fogging, and misting products, irrigation products, and cooling and ventilation products. In December 2020, Prospiant acquired the rights of TerraSmart LLC (US), which helped Prospiant by providing tools to the commercial greenhouse market as TerraSmart LLC is a provider of screw-based, ground-mount solar racking technology, particularly used for solar projects installed on challenging terrain.
Commercial Greenhouse Market by Type (Glass Greenhouse, Plastic Greenhouse), Crop Type (Fruits, Vegetables, Flowers & Ornamentals, Nursery Crops), Equipment (Hardware, Software & Services) and Region - Global Forecast to 2028
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