Global Commercial Greenhouse Market 2021: Automated Irrigation Systems, pH Sensors, AI and Climate Control Software Gaining Popularity - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Commercial Greenhouse Global Market Report 2021: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering.

The global commercial greenhouse market is expected to grow from $24.09 billion in 2020 to $26.60 billion in 2021 at a compound annual growth rate (CAGR) of 10.42%.. The growth is mainly due to rapid urbanization and low availability of arable land along with increasing demand for food due to the growing population. The market is expected to reach $38.27 billion in 2025 at a CAGR of 9.52%.

Europe was the largest region in the commercial greenhouse market in 2020. North America is expected to witness the highest growth rate during the forecast period.

Technological innovations such as artificial intelligence, automated irrigation systems, pH sensors, and climate control software are key trends gaining popularity in the commercial greenhouse market. Indoor farmers can use artificial intelligence, automatic irrigation systems, pH cameras, and climate change tools to solve problems including disease prevention and pest management. For instance, in 2019, US based precision agriculture company, iUNU came up with LUNA, an optical scanner system operated by iUNU, a US-based organization that constantly captures imagery in greenhouses and analyses visual data from growth cycles. The program is capable of recognizing stable crops and alerting farmers as issues arise. Also, companies such as AppHarvest and Kentucky Fresh Harvest offer high-tech greenhouses which help to increase yield and improve harvest quality.

In March 2020, Israel based Netafim, a company providing agriculture technology acquired Gakon Horticultural Projects, a Dutch greenhouse firm, for an undisclosed amount. The deal brings together Netafim's global footprint and precision agriculture experience with Gakon's greenhouse technology. The businesses will be able to extend their extensive greenhouse horticulture expertise and skills to new markets. Gakon Horticultural Projects is a greenhouse building company based in the USA that designs, manufactures, and constructs full greenhouse projects.

Increasing population and low availability of arable land are the key factors for the growth of the commercial greenhouse market. The vine seed production in greenhouse farming is more than double that of conventional cultivation attributing to regulated media and environmental conditions. Global food demand is estimated to have increased by 70% by the end of 2050. As a result, current arable land is under pressure to grow more food by using soil treatment devices. Thus, the situation of increasing food demand and decreasing arable land is expected to boost the growth of the commercial greenhouse market which provides better harvest both in terms of quality and quantity than the traditional methods.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider commercial Greenhouse market, and compares it with other markets.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
• Market segmentations break down market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
• The commercial Greenhouse market section of the report gives context. It compares the commercial Greenhouse market with other segments of the commercial Greenhouse market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, commercial Greenhouse indicators comparison.

Companies Mentioned

• Heliospectra
• Nexus Corporation
• Rough Brothers Inc
• Agra Tech Inc
• LumiGrow Inc.
• Logiqs B.V.
• Certhon - Greenhouse Solutions
• Argus Control Systems Ltd.
• Richel Group
• Hort Americas
• International Greenhouse Company
• Top Greenhouses
• Poly-Tex Inc.
• Stuppy Greenhouse
• The Glasshouse Company Pty Ltd
• Omni Structures International
• Europrogress
• DeCloet Greenhouse
• Luiten Greenhouses
• DutchGreenhouses
• Green Tek
• Texas Greenhouse Company Inc

For more information about this report visit https://www.researchandmarkets.com/r/cbac0t

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