Latin America Commercial Greenhouse Market was worth $ 5.02 billion in 2021 and estimated to be growing at a CAGR of 6.53%, to reach $ 8.15 billion by 2026.
Growing of crops in a controlled environment for commercial purpose in a greenhouse is called as Commercial greenhouse market. All the required arrangements are made in the warehouse, where photosynthesis is performed in the crops giving fresh fruits and vegetables.
Temperature is one of the most important parameters for plant photosynthesis. Due to this, a commercial greenhouse needs to be equipped with technologies for maintaining the ideal temperature required for photosynthesis. Thus, heating systems and cooling systems together constituted nearly 51% of the commercial greenhouse market. Moreover, these systems are more superior to the traditional farming in providing the desired light spectrum at all stages of plant growth, are energy-efficient, and offer longer operating life. These features help to adopt LED grow lights.
Drivers and Restraints of Latin America Commercial Greenhouse Market:
Unfavourable weather conditions for traditional agriculture, demand for the rooftop farming, rising population, increasing demand for the fresh fruits and vegetables, urbanisation and also demand for the flowers and ornamentals, higher yield than traditional agriculture is some of the drivers for this market. High investment for the inventory, lack of skilled professionals and less government funds are some of the restraints for this market.
Latin America Commercial Greenhouse Market - By Equipment:
Heating systems
Latin America Commercial Greenhouse Market - By Type:
Latin America Commercial Greenhouse Market - By Crop:
Geographical Analysis:
Latin America market region contains countries such as Brazil, Argentina, Mexico and remaining countries of South America. The huge rise in spending in the commercial houseware division has increased the demand for this market. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia, which are also intensifying their investments in the houseware market. Latin America has a share of 12% of the global commercial greenhouse market. The Latin America market has been increasing with a CAGR of 6.53%.
Key Players:
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 the one of the important company in making business in the commercial greenhouse market. It increases its customers with partnership agreement and contracts.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Equipment
5.1.1 Introduction
5.1.2 Heating Systems
5.1.3 Cooling Systems
5.1.4 Other systems
5.1.5 Y-o-Y Growth Analysis, By Equipment
5.1.6 Market Attractiveness Analysis, By Equipment
5.1.7 Market Share Analysis, By Equipment
5.2 Type
5.2.1 Introduction
5.2.2 Glass Greenhouses
5.2.3 Plastic Greenhouses
5.2.4 Others
5.2.5 Y-o-Y Growth Analysis, By Type
5.2.6 Market Attractiveness Analysis, By Type
5.2.7 Market Share Analysis, By Type
5.3 Croptype
5.3.1 Introduction
5.3.2 Fruits and Vegetables
5.3.3 Flowers and Ornamentals
5.3.4 Nursery crops
5.3.5 Other crops
5.3.6 Y-o-Y Growth Analysis, By Croptype
5.3.7 Market Attractiveness Analysis, By Croptype
5.3.8 Market Share Analysis, By Croptype
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Equipment
6.1.3.3 By Type
6.1.3.4 By Croptype
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Equipment
6.1.4.3 By Type
6.1.4.4 By Croptype
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Equipment
6.1.5.3 By Type
6.1.5.4 By Croptype
6.2 Brazil
6.3 Mexico
6.4 Rest of Latin America
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Richel Group SA
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Certhon
8.3 Argus Control Systems Ltd.
8.4 Logiqs
8.5 Lumigrow
8.6 Keder Greenhouse
8.7 Agra Tech, Inc
8.8 Hort Americas, LLC
8.9 Rough Brothers Inc.
8.10 Heliospectra AB
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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