Commercial #greenhouse Market Analysis & Forecast to 2027

The global commercial greenhouse market is projected to reach USD 61.6 billion by 2027, at a CAGR of 11.6%.

With the decrease in per capita arable land and rise in demand and preference for fruits and vegetables in developing countries, the trend of investing in R&D activities to improve greenhouse farming techniques has significantly boosted the use of commercial greenhouses in the agriculture industry. Greenhouse farming addresses the concern of limited space, as certain plants can be grown in smaller areas.

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One of the main advantages of greenhouse farming is its higher yield compared to conventional farming methods. Enclosed facilities create optimum growing conditions for farmers to grow a crop from seed to the harvesting stages in lesser time and obtain higher yields in each cycle with limited land area.

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Key players: Richel Group (France), Heliospectra AB (Sweden), Signify Holding (Netherlands), and Certhon (Netherlands).