Commercial greenhouse market size

Internal market analysis combined with several market studies in the field of greenhouses show that the market is mature, needs for controlled environments raising, urgency for true integration of environmental, social, and economic sustainability imminent.

Grand View Research, a market analysis company, estimates the value of the global greenhouse market at USD 25.48 billion in 2022, while expecting 9.9 % (CAGR) annual average growth until 2030. The Creative Impact Research Center Europe also finds similarly – a mature market and a CAGR of 9.52 % for the period until 2029. The largest market globally is North America, while the fastest growing region is Asia Pacific. Great potential for growing food in greenhouses is also expressed in the Middle East, where new innovations can boost food production.

The growing need to ensure stable food supply in (developing) countries and the impact of climate change on food production are the key factors driving the growth of the global greenhouse market. In addition, the growth of the market is fueled by the shrinking of arable land around the world, which is causing a shift to indoor farming practices. Government interventions with special subsidies and direct payments to growers will also significantly influence (stimulate) the market.

Based on purpose, the global greenhouse market is segmented into vegetables, flowers, ornamentals, fruit plants, and nurseries. The vegetable segment accounts for the largest market share due to the high demand for vegetables globally. Greenhouses extend the growing season during the winter months, and have great potential even in hot climate regions, where they can protect plants from extreme heat.