North America Commercial Greenhouse Market

North America Commercial Greenhouse Market Size (2023 to 2028)

The North American commercial greenhouse market is expected to reach USD 9.65 billion by 2028 from USD 6.59 billion in 2023, growing at a compound annual growth rate (CAGR) of 7.8% during the forecast period from 2023 to 2028.

Commercial greenhouses are special establishments that can help cultivate crops like fruits, vegetables, flowers, trees, and others in a controlled environment. The continuous increase in the demand for crop cultivation is the primary factor driving the North American commercial greenhouse market. The advantages of these buildings to produce crops irrespective of weather conditions throughout the year are fuelling the North American market growth. The expanding need to control the depletion of natural resources coupled with the growing population in nations like the USA and Canada is further promoting the commercial greenhouse market in this region. The latest trend in organic farming and unpredictable weather conditions are other positive aspects of the North American commercial greenhouse market. The modern research and development activities in the agriculture sector along with supporting government initiatives to promote farming, are boosting sales in the local business. The need for sustainable cultivation and improved crop yields in any temperature and weather are predicted to create more opportunities for the North American commercial greenhouse market in the future.

The major challenge to the North American commercial greenhouse market is the initial expenses involved in the setup of infrastructure and equipment of these greenhouse buildings. Also, the surge in energy costs and shortage of workers to maintain the buildings and implement farming methods are negatively impacting the local commercial greenhouse business. In addition, crop cultivation under a controlled environment required advanced technologies and constant upgrades, affecting the profitability of players in this business. Besides, the optimum water management techniques, intense market competition, doubts related to environmental impacts, less consumer awareness, and logistics challenges are other key challenges to the regional market. The focus on biodiversity and environmental protection is restricting some of the cultivation practices, acting as a barrier to the North American commercial greenhouse market.

Impact of COVID-19 on the North American commercial greenhouse market:

The COVID-19 pandemic had an initial negative impact on the North American commercial greenhouse market. The lockdown restrictions resulted in supply chain disruptions, transportation limitations, and the manufacturing of farming equipment. The shutdown of several companies led to a pause in research and development activities in the agriculture sectors. Also, the temporary closures and contactless conditions led to labor shortages for plantation and maintenance of commercial greenhouses. The lockdown also halted new practices due to the government’s focus on pandemic control. On the other hand, the North American commercial greenhouse market is anticipated to witness some positive demand with the changing consumer preference for seasonal foods and flowers to avoid unexpected natural calamities.

REPORT COVERAGE:

This market research report on the North American commercial greenhouse market is segmented and sub-segmented into the following categories.

North America Commercial Greenhouse Market – By Type:

• Glass
• Plastic

The plastic segment recorded the highest share of the North American commercial greenhouse market due to the cost-effectiveness, heat insulation, and flexible options provided by this material. Some of the plastic varieties used for these buildings are polyester, polycarbonate, polyethylene, and polyvinyl chloride.

North America Commercial Greenhouse Market – By Crop Type:

• Fruits & Vegetables
• Flowers and Ornamentals
• Nursery Crops
• Varietal

The fruits and vegetables segment recorded a prominent portion of the North American commercial greenhouse market due to the rising demand for healthy food options among consumers in the USA, Canada, and Mexico. The availability of controlled conditions to cultivate seasonal varieties and support continuous production is boosting sales in the local marketplace.

North America Commercial Greenhouse Market – By Equipment Type:

• Heating Systems
• Cooling Systems
• Others

The heating systems section dominates the North American commercial greenhouse market and is likely to register a steady growth rate in the future. The benefits offered by the heating systems, such as disease protection, optimum growth, and improved harvest, are estimated to create more opportunities in the future.

North America Commercial Greenhouse Market - By Country:

• The U.S.
• Canada
• Rest of North America

The USA dominated the regional commercial greenhouse market owing to the rising demand for the cultivation of various types of crops under continuous monitoring to avoid interruptions in production. The spike in the adoption of innovative technologies in farming is promoting the local market. In addition, the changing trends in agriculture and consumer interests in organic farming are contributing to the US commercial greenhouse market. Besides, the changing consumer preference for healthy food options like fruits and vegetables is also boosting sales in the local market. Also, the emphasis on reducing food wastage and water depletion is resulting in more growth opportunities for the business in this area. Similarly, Canada is an emerging market in North America, and with harsh climatic conditions, there is a huge scope for the commercial greenhouses market in the foreseen period. Nevertheless, Mexico also offers lucrative growth potential with the high percentage of vegetable cultivation in the nation.

KEY MARKET PLAYERS:

Nexus Corporation, Heliospectra AB, Argus Control Systems Limited, Lumigrow Inc., Hort Americans, LLC, Agra Tech, Inc., Rough Brothers, Inc., Berry Global Group, Inc., Prospiant, Stuppy Greenhouse, and DeCloet Greenhouse Manufacturing Ltd. Are some major players involved in North America commercial greenhouse market.

RECENT HAPPENINGS IN THIS MARKET:

• In April 2023, PepsiCo, Inc. started its greenhouse accelerator program named Juntos Crecemos Edition. Through its program, the company aims to offer support to Hispanic-owned businesses in the food and beverage sector using the latest innovations.
• In August 2022, Redwire, a leading space infrastructure company in the USA, planned to launch its commercial greenhouse on the International Space Station to promote crop yield and offer space exploration support.