Medium-Tech Commercial Greenhouse Market - Forecasts from 2019 to 2024

The medium-tech commercial greenhouse market is projected to grow at a CAGR of 5.55% to reach US$5.380 billion by 2024. Medium-tech commercial greenhouses offer a blend of performance and cost-effectiveness as they are cheaper than high-tech commercial greenhouses and at the same time offer better performance than low-tech commercial greenhouses. The market growth of these commercial greenhouses is majorly attributed to their increasing adoption across dry and composite climate zones. The moderate budget of many farmers, coupled with increasing pressure to increase their yield while maintaining good quality, is pushing them towards adopting some technologies for their greenhouses. As medium-tech commercial greenhouses are not very technology-intensive yet offer benefits of using technology, their adoption is expected to continue increasing over the projected period, thus boosting the growth of the market.

Geographically, Asia Pacific region is expected to hold a significantly large share in this market on account of the moderate budget of farmers and increasing pressure on them to increase their yield.

Drivers

Shrinking arable land across the globe.

The high cost of high-tech commercial greenhouses.

Restraints

Low affordability among farmers in many underdeveloped economies

The major players profiled in the Medium-tech commercial greenhouse market include Richel Group SA, Agra Tech Inc., Gibraltar Industries, and Argus Control System Ltd.

Segmentation

The medium-tech commercial greenhouse market has been analyzed through the following segments:

By Type
Plastic
Glass

By Component
Heaters
Cooling Pads
Thermostats
Exhaust Fans
Others

By Application
Fruits and vegetables
Flowers and ornamentals
Nursery crops

By Geography
North America
USA
Canada
Mexico

South America
Brazil
Argentina
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa
United Arab Emirates
Saudi Arabia
South Africa
Others

Asia Pacific
China
Japan
South Korea
India
Others