Press Releases Details
Government support for commercial greenhouses in developing nations constitutes a targetedb effort to promote sustainable agriculture and economic development. This support encompasses financial incentives, subsidies, and technical guidance to incentivize the establishment and growth of modern greenhouse facilities. Through the encouragement of advanced farming methods, governments aspire to elevate food production, enhance crop yields, and generate employment. These factors are contributing to the market growth.
Glass Greenhouse Segment is Anticipated to Grow at a Significant Pace in the Commercial Greenhouse Market
The glass greenhouse is expected to grow at significant pace during the forecast period owing to their properties such as its strength, high durability, and weight. These glass greenhouses are among the strongest greenhouse materials and can last for many years and are highly valued for their aesthetic qualities.
Major market players are developing innovative glass products for horticulture application to sustain crop production. For instance, in 2021, AGC Glass launched AGCULTURE, a first durable glass product specifically designed for greenhouse purpose, has been especially created to increase crop yields for growers of horticulture. This glass product boasts superior hemispherical transmission and maximizing crop yield. It also minimizes UV absorption and a hydrophilic inner surface achieved by integrating Fountain's inner microstructure with AR coating. Its ease of maintenance and durability further position it as a valuable solution for application in commercial greenhouse environments.
Source: Intent Market Research Analysis
Cooling and Ventilation Systems Segment is Anticipated to Grow at a Significant Pace in the Commercial Greenhouse Market
Cooling and ventilation systems is expected to propel the market growth due to their properties including removing vapor from inside and make easy flow of the air throughout the greenhouse system. Some semi-closed greenhouses use climate chambers, which are referred to as centralized mechanical cooling.
Major countries are creating their efforts to setup the greenhouse to produce nutrient rich food. For instance, in 2023, ADQ started a project on commercial greenhouse to sustain their position in Abu Dhabi. The automated 10-hectare facility will use cutting-edge agricultural technology to boost the UAE's supply of sustainably produced food. The greenhouse facility was designed with sustainability in mind. It will run on an effective cooling system that lowers its carbon and water footprint, allowing tomatoes and cucumbers to be grown year-round in a climate-controlled, carbon-neutral environment.
Increasing Shift Towards Food Security and Rising Government Support in Asia-Pacific is Fueling the Commercial Greenhouse Market Growth
Asia-pacific is expected to register significant growth during the forecast period due to rising demand for quality food products followed by increasing population and government support. The shift towards food security in the Asia-Pacific is driven by concerns about sustainability, the challenges of a growing population, and the recognition of the vital role a secure food supply plays in economic stability. Government in this region is concentrating their efforts to reduce food crisis in Asia.
Commercial Greenhouse Market is Highly Competitive with the Presence of a Large Number of Global and Regional Players
The market is characterized by intense competition due to the presence of numerous international and domestic players. The commercial greenhouse market, in particular, is dominated by key players such as Agra Tech, Argus Control Systems, Berry, Certhon, Logiqs, Luiten Greenhouses, Netafim, Poly-Tex, Prospiant, Richel, Stuppy Greenhouse, and The Glasshouse Company. These industry leaders are primarily focused on acquiring smaller players and innovating their product lines to cater to changing consumer preferences and needs.
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