The Middle East and Africa commercial greenhouse market size is expected to reach USD 4.90 billion in 2024 and USD 6.82 billion in 2029, growing at a CAGR of 6.833% from 2024 to 2029.
Commercial greenhouses are customized greenhouses that are used to design to produce an ideal climate, which supplies to the requirement of the plants. The market is showing good growth in the upcoming period in the Middle East and Africa region.
Glass greenhouse provides Ultraviolet rays treated with polycarbonate, which provides better clarity than polyethylene film and nearly as much clarity as glass. So, Glass Greenhouse has a large market in the commercial greenhouse market, which provides better photosynthesis. Heating systems and Cooling systems are important for commercial agriculture because they maintain the optimum temperature for the growth of fresh fruits and vegetables. Many companies are investing in this market due to the huge demand for food in this region.
Higher yields by the use of commercial greenhouses as compared to traditional agriculture, Lack of arable land and unfavorable climatic conditions for agriculture, Urbanization, High population, and huge investments by the private sector in this market are some of the drivers in the commercial greenhouse market. Huge investments in LED lights and a lack of skilled professionals are restraints for commercial greenhouses.
The market has been geographically segmented into the Middle East and Africa. The private sector plays a key role in bankrolling the greenhouse sector in Africa, with more than 50% of the investment being undertaken by them. The commercial greenhouse market is growing slowly because of many problems the region faces, in terms of battles and also, the unstable economy. However, countries like the USA, China, and the UK are investing in the region, and this increased financial revenue will aid the greenhouse sectors in this region. Middle East and Africa have a share of 8% of the global commercial greenhouse market. The Middle east and Africa market has been increasing with a CAGR of 6.833%.
The top players in the 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 one of the important companies doing business in the commercial greenhouse market. It increases its customers with partnership agreements and contracts.
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