Asia Pacific Commercial Greenhouse Market is estimated to reach $ 4.94 billion by 2021
The Asia Pacific Commercial Greenhouse Market
was worth $ 3.39 billion in 2016 and estimated to be growing at a CAGR of 7.8%,
to reach $ 4.94 billion by 2021. Commercial Greenhouses are growing of plants
for commercial purpose in a controlled environment by providing all the
supplies required for photosynthesis. The rising population and demand for food
in developing regions such as Asia-Pacific are increasing the growth of the
commercial greenhouse market.
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The upstream players such as the raw material
suppliers of the commercial greenhouse and the downstream shareholders such as
the manufacturers and end-user industries of the commercial greenhouse products
influence the global commercial greenhouse market. Air temperature, relative humidity and vapor
pressure deficit are maintained carefully in the greenhouse by the heating and
cooling systems. Asia Pacific is one of the most lucrative markets for the
growth of Commercial greenhouse market and is projected to grow the highest
during the forecast period.
Developing countries in the Asia- Pacific
region are adopting commercial greenhouses because of the demand created due to
the high population. By the means of commercial greenhouses there is more crop
compared to the traditional agriculture. Moreover, factors like Urbanization,
technological advancements, high investment of commercial companies are acting
as drivers to the market. Factors like high investment and lack of skilled
professionals are restraints for the market.
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The Commercial greenhouse market is segmented
on the basis of equipment, type, crop, and by region. On the basis of
equipment, the market is segmented into heating systems, cooling systems and
others. On the basis of type, the market is segmented into glass greenhouse,
plastic greenhouse and others. On the basis of crop type, the market has been
segmented into fruits and vegetables, flowers and ornamentals, nursery crops
and others crops. On the basis of region, the global market is analysed under
various regions namely North America, Europe, Asia-Pacific, Latin America and
Middle east and Africa.
The Asia-Pacific region is geographically
segmented into China, India, Japan, South Korea, and Australia. Factors such as
growing demographics and emerging economies in countries such as India and
China are anticipated to lead the growth of the market in this region.
Asia-Pacific has a share of 16% in the global Commercial greenhouse market. The
Asia-Pacific commercial greenhouse market has been increasing with CAGR of
7.8%. In this region, heating and cooling systems are having more than 51% of
the total market. On the basics of crop, Fruits and vegetables are having good
market in this region.
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The top players in the global crop protection
chemicals 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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