North America Commercial Greenhouse Market Size By Greenhouse Type (Plastic Greenhouses, Glass Greenhouses), By Equipment (Heating Systems, Cooling Systems), By Crop Type (Fruits & Vegetables, Nursery Crops), By Geographic Scope And Forecast
Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
North America Commercial Greenhouse Market Size By Greenhouse Type (Plastic Greenhouses, Glass Greenhouses), By Equipment (Heating Systems, Cooling Systems), By Crop Type (Fruits & Vegetables, Nursery Crops), By Geographic Scope And Forecast
North America Commercial Greenhouse Market Size And Forecast
North America Commercial Greenhouse Market size was valued at USD 5.885 Billion in 2024 and is projected to reach USD 11.385 Billion by 2031, growing at a CAGR of 8.89% from 2024 to 2031.
The commercial greenhouse market in North America has been witnessing significant growth due to various factors, including increasing demand for locally grown produce, a desire for year-round crop production, and the need for efficient and sustainable farming practices. The North America report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
North America Commercial Greenhouse Market Executive Summary
The North American commercial greenhouse industry is a flourishing bastion of agricultural innovation, sustainability, and economic growth. Comprising diverse structures designed for controlled cultivation, these greenhouses play a pivotal role in ensuring year-round production, mitigating environmental impact, and meeting the rising demand for fresh produce. One of the key drivers of the commercial greenhouse sector in North America is the pursuit of sustainability. Greenhouse operations leverage advanced technologies and practices to optimize resource efficiency, utilizing energy-efficient heating and cooling systems, recycling water, and implementing precision agriculture techniques. This commitment to sustainability aligns with broader societal goals of reducing carbon footprints and promoting environmentally friendly agricultural practices.
Regarding infrastructure, North America boasts a broad spectrum of greenhouse designs catering to various crops and climates. From high-tech hydroponic greenhouses in urban centers to expansive traditional structures in rural areas, the industry is marked by versatility. This adaptability is essential in addressing the diverse agricultural needs across the continent, where climates can range from the frigid temperatures of northern Canada to the more temperate regions in the United States. The commercial greenhouse sector significantly contributes to the regional economy, providing employment opportunities and supporting local communities.
Beyond the economic impact, greenhouses contribute to food security by enabling the production of fruits, vegetables, and ornamental plants throughout the year, reducing dependence on seasonal and often distant sources. In recent years, technological advancements have further propelled the industry forward. Automated systems, sensor technologies, and data analytics are integrated into greenhouse operations, optimizing crop management, resource utilization, and overall efficiency. This infusion of technology enhances productivity and attracts a new generation of tech-savvy individuals to the field of agriculture.
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North America Commercial Greenhouse Market Outlook
The commercial greenhouse market in North America had been witnessing significant growth due to various factors, including increasing demand for locally grown produce, a desire for year-round crop production, and the need for efficient and sustainable farming practices. Consumer preferences for fresh, locally sourced fruits and vegetables were a major driver of the North America Commercial Greenhouse Market. Greenhouses allow for year-round production of crops, reducing the need for long-distance transportation. SustainabilitySustainability was a key trend in the industry. Greenhouse technologies and practices aimed at reducing water usage, optimizing energy efficiency, and minimizing chemical inputs were becoming more widespread. The market growth in the region can also be attributed to the rapidly flourishing horticulture and floriculture industry in countries such as the U.S., Canada, and Mexico.
In the U.S., as of 2020, there are 20,655 horticulture operations accounting for USD 13.8 billion including floriculture, nursery, and specialty crops. Nearly 10 U.S. states accounted for 66% of total industry sales with California (USD 2.6 billion), Florida (USD 1.9 billion) and Oregon (USD 1 billion) accounting for the major market. Floriculture is an international, multibillion-dollar industry that includes the production of bedding and garden plants, foliage plants, potted flowering plants, cut flowers, cut cultivated greens, and floriculture materials. Floriculture item sales at all retail outlets in the U.S. totaled USD 35 billion in 2018, according to the U.S. Bureau of Economic Analysis Personal Consumption Expenditures (2019). There were roughly 43,200 supermarkets, florists and mass merchandiser outlets that sold flowers in 2019. Of these outlets, supermarkets made up approximately 48%, followed by florists, which made up roughly 35%. According to U.S.
Produce Marketing Association (PMA), mass-market floral sales on a per-store basis averaged USD 225,000 in 2019. Sales growth was modest yet healthy, as respondents reported year-over-year sales growth of 5.6% on average. The average value of a floral transaction was USD 12.55, and the average “footprint” of a floral operation was nearly 580 square feet. On average, a mass-market floral operation generates about 1.5% of total store sales However, setting up commercial greenhouses could require a significant upfront investment in infrastructure, technology, and skilled labor. Furthermore, compliance with local and federal regulations, particularly those related to environmental issues, was a challenge for greenhouse operators.
North America Commercial Greenhouse Market Segmentation Analysis
The North America Commercial Greenhouse Market is Segmented on the basis of Greenhouse Type, Equipment, Crop Type, and Geography.
North America Commercial Greenhouse Market, By Greenhouse Type
- Plastic Greenhouses
- Glass Greenhouses
To Get a Summarized Market Report By Greenhouse Type-
Based on Greenhouse Type, the market is segmented into Plastic Greenhouses and Glass Greenhouses. Plastic Greenhouses accounted for the largest market share and are projected to grow at the highest CAGR during the forecast period. Glass Greenhouses were the second-largest market in 2022, and are projected to grow at a significant CAGR.
North America Commercial Greenhouse Market, By Equipment
- Heating Systems
- Cooling Systems
- Others
To Get a Summarized Market Report By Equipment-
Based on Equipment, the market is segmented into Heating Systems, Cooling Systems, and Others. Heating Systems accounted for the largest market share in 2022 and are projected to grow at a considerable CAGR during the forecast period. Cooling Systems was the second-largest market in 2022, and is projected to grow at a significant CAGR. The Others segment is expected to grow at the highest CAGR over the forecast period.
North America Commercial Greenhouse Market, By Crop Type
- Fruits & Vegetables
- Nursery Crops
- Flowers & Ornamentals
- Other Crop Types
Based on Crop Type, the market is segmented into Fruits & Vegetables, Nursery Crops, Flowers & Ornamentals, and Other Crop Types. Fruits & Vegetables accounted for the largest market share in 2022 and is projected to grow at the highest CAGR during the forecast period. Nursery Crops was the second-largest market in 2022, and it is projected to grow at a significant CAGR. Flowers & Ornamentals was the third-largest market in 2022, and it is projected to grow at a significant CAGR.
North America Commercial Greenhouse Market, By Geography
- U.S.
- Canada
- Mexico
On the basis of Regional analysis, the North America Commercial Greenhouse Market is classified into U.S., Canada, and Mexico. The US accounted for the largest market share in 2022 and is projected to grow at the highest CAGR during the forecast period. Canada was the second-largest market in 2022, and it is projected to grow at a significant CAGR.
Key Players
The “North America Commercial Greenhouse Market” study report will provide valuable insight with an emphasis on the North American market including some of the major players such as Richel Group, Argus Control Systems Ltd, Certhon, Logiqs B.V, Lumigrow, Inc, Agra Tech, Inc, Rough Brothers, Inc, Nexus Corporation, Hort Americas, LLC, and Heliospectra AB.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2021-2031 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2021-2023 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | Richel Group, Argus Control Systems Ltd, Certhon, Logiqs B.V, Lumigrow, Inc, Agra Tech, Inc, Rough Brothers, Inc, Nexus Corporation, Hort Americas, LLC, and Heliospectra AB. |
SEGMENTS COVERED | By Greenhouse Type, By Equipment, By Crop Type, and By Geography. |
CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |