Report ID: SQMIG20H2040
Report ID:
SQMIG20H2040 |
Region:
Global |
Published Date: November, 2024
Pages:
164
|
Tables:
118 |
Figures:
82
Global Commercial Greenhouse Market size was valued at USD 35.1 Billion in 2022 and is expected to rise from USD 39.8 Billion in 2023 to USD 97.14 Billion by 2031, at a CAGR of 11.8% during the forecast period (2024–2031).
Growing emphasis on improving crop yields around the world to satisfy global population food needs is projected to drive up the demand for commercial greenhouses going forward. Advancements in greenhouse technologies and growing adoption of precision agriculture practices are also expected to promote the demand for commercial greenhouses over the coming years. High demand for organic food products and increasing unpredictable weather conditions due to climate change are also slated to create an opportune setting for commercial greenhouse market growth in the long run. Launch of new supportive initiatives and programs by governments around the world to improve agricultural yield is also expected to create new opportunities for commercial greenhouse companies going forward. On the contrary, disparity in infrastructure and financial access, volatility in demand and prices, and complexity in greenhouse management are slated to impede commercial greenhouse demand outlook in the long run.
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Report ID: SQMIG20H2040