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(MoneyNewsWire.Net, September 05, 2017 ) The North America Commercial Greenhouse Market was worth $ 8.06 billion in 2016 and estimated to be growing at a CAGR of 9.5%, to reach $12.69 billion by 2021. Commercial Greenhouse is a building with walls and roof made chiefly of transparent material like glass and plastic, in which plants are grown in ideal climatic conditions. These structures range in size from small sheds to industrial-sized buildings.
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Many commercial greenhouses have high technical production facilities for flowers and vegetables. The greenhouses are filled with equipment including screening installations for the sun light during photosynthesis, heating, cooling, lighting, and may be controlled by a computerised optimize conditions for plant growth. The interior of a greenhouse exposed to sunlight becomes significantly warmer than the external ambient temperature, protecting its contents in cold weather.
The major drivers for the commercial greenhouses are higher yield compared to traditional agricultural techniques, rise in population which leads to demand for the fruits and vegetables, urbanization, production of hybrid varieties, unfavourable weather conditions, lack of agricultural land, technological advancements in crop production and the huge investment of many commercial companies in the greenhouses. High investment for LED lights and lack of skilled professionals are restraints for the Commercial greenhouses.
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The Commercial greenhouse market is segmented on the basis of equipment, type, crop, and by region. On the basis of equipment, the market is segmented into heating systems, cooling systems and others. On the basis of type, the market is segmented into glass greenhouse, plastic greenhouse and others. On the basis of crop type, the market has been segmented into fruits and vegetables, flowers and ornamentals, nursery crops and others crops. On the basis of region, the global market is analysed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle east and Africa.
The North America Market geographically divided into US and Canada. North America is projected to be the fastest-growing market with the highest CAGR for Plastic commercial greenhouse for the forecast period. Plastic use din greenhouses are more durable than regular plastic. North America has a highest share of 38% of the global commercial greenhouse market. The North America market has been increasing with a CAGR of 9.5 %.
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The top players in the global crop protection chemicals market include Richel Group SA (France), Certhon (U.S.), Argus Control Systems Ltd. (U.S), Logiqs (The Netherlands), Lumigrow (U.S.), Keder Greenhouse (UK), Agra Tech, Inc (U.S.), Hort Americas, LLC (U.S.), Rough Brothers Inc. (U.S.), and Heliospectra AB (Sweden). Most of these companies have been exploring new regions through agreements & contracts across the world, to give a competitive advantage through combined synergies. LumiGrow is the one of the important company in making business in the commercial greenhouse market. It increases its customers with partnership agreement and contracts.
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