According to the research report titled ‘Global Commercial Greenhouse Market Size study, by Type (Glass Greenhouse, Plastic Greenhouse), by Equipment (Heating Systems, Cooling Systems, Others), by Crop Type (Fruits & Vegetables, Flower & Ornamental, Nursery Crops, Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global commercial greenhouse market was worth USD 27 billion in 2019 and is projected to reach a valuation of USD 52 billion by the end of the analysis period 2020-2027, registering a CAGR of 8.5% throughout.
 

Limited availability of arable land in developing and developed economies, along with soaring demand for production of superior quality crops are the key factors propelling global commercial greenhouse market growth.
 

For those unfamiliar, greenhouse is usually a building constructed from a transparent material, like glass, in which plants are grown. Commercial greenhouses come in various shapes and sizes and can perform different functions. Commercial greenhouses deliver a regulated environment with ample sunshine, humidity, and temperature for plant growth.
 

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Greenhouse technology plays a significant role in all activities of agricultural production. Commercial greenhouse consumption is rising for producing high-quality vegetables, fruits, and flowers, seasonal and non-seasonal crops, and for formulation of nursey made by the tissue culture.
 

Coming to the restraints, hefty initial cost of offsetting up commercial greenhouse and lack of awareness regarding greenhouse techniques are will impede global commercial greenhouse market expansion over the forecast period.
 

Considering the latest developments, the COVID-19 outbreak has adversely affected business progression as the establishment of commercial greenhouse have come to a halt due to suspension of manufacturing activities following the lockdown mandates imposed by the government.
 

From the regional perspective, Europe currently holds considerable portion of global commercial greenhouse market share, creditable to the presence of a considerable number of major contenders and growing implementation of advanced greenhouse techniques in the region.
 

Meanwhile, Asia Pacific commercial greenhouse industry is expected to accrue massive returns over 2020-2027, owing to soaring demand for food from the booming population, and decreasing arable land.

Renowned firms in global commercial greenhouse market sphere are Richel Group, Nexus Corporation Ltd., LumiGrow Inc., Logiqs B.V., Keder Greenhouse Ltd., Heliospectra AB, DutchGreenhouses, Certhon Greenhouse Solutions, Argus Control Systems Ltd., and Agra Tech, Inc.