Middle East and Africa Commercial Greenhouse Market was worth $ 4.02 billion in 2021 and estimated to be growing at a CAGR of 6.833%, to reach $ 6.81 billion by 2026.
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 provide Ultraviolet rays treated with polycarbonate provides better clarity than polyethylene film and nearly as much clarity as glass. So, Glass greenhouse have a large market in the commercial greenhouse market which provide better photosynthesis. Heating systems and Cooling systems is important for the 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 of the food in this region.
Drivers and Restraints of Middle East and Africa Commercial Greenhouse Market:
Higher yields by the use of commercial greenhouses as compared to traditional agriculture, Lack of arable land and unfavourable 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 investment for LED lights and lack of skilled professionals are restraints for the Commercial greenhouses.
Middle East and Africa Commercial Greenhouse Market - By Equipment:
Middle East and Africa Commercial Greenhouse Market - By Type
Middle East and Africa Commercial Greenhouse Market - By Crop
The market has been geographically segmented into 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 UK are investing in the region and this increased financial revenue will aid the greenhouse sectors in this region. Middle east and Africa has 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%.
Major 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.
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