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  • Algeria

    VESCO Algeria Signs Two MOUs with Elite Capital & Co. to Finance Two Dairy Farm and Greenhouse Projects – EIN News

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    • Morocco

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      • South Sudan

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        COLUMN: Sudan at war; refugees at our door | Pius Kamau – Colorado Springs Gazette

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        • Sudan

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          RSF advisor: 'Hemedti is alive and is leading the battle in Sudan … – Radio Dabanga

          U.S., Saudi Arabia call for extended ceasefire in Sudan – Reuters

          'They set us on fire and took everything': The harrowing stories inside Chad's refugee camps as thousands flee Sudan – Sky News

          Zimbabwe takes misery crown: Named most miserable country in the world – Business Insider Africa

          KSrelief team meets WFP officials in Sudan – Arab News

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            Kenya's 'Kahawa Black,' Uganda's 'Big three' set for SA's Durban FilmMart – The East African

            AFRICA: JBIC and AFC join forces to finance the energy transition – AFRIK 21

            Families take case against Tunisia regime to Arusha court – The Citizen

            Tunisia: First signs of tourism recovery emerge, as bookings pick up 30% compared to 2019 – ZAWYA

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            • North Africa
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              • Middle east
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                  • Algeria

                    VESCO Algeria Signs Two MOUs with Elite Capital & Co. to Finance Two Dairy Farm and Greenhouse Projects – EIN News

                    ChatGPT app for iPhone now available in India; how to download, features and more – Business Today

                    Algeria: Controversy over Emir Abdelkader statue – Middle East … – Middle East Monitor

                    China overtakes France in Algeria – Atalayar

                    Algeria's LNG Exports Rise As Europe Races To Replace Russian Gas – OilPrice.com

                    Algeria at the crossroads – Atalayar

                  • Egypt

                    Amadeus Egypt, NSAS team up to boost travel sector in Middle East – ZAWYA

                    Communications Ministry cooperates with GIZ in e-government … – Daily News Egypt

                    Medmark and Howden host Cyber Insurance Seminar to help clients … – Daily News Egypt

                    Rotary awards US$2 million grant to fight cervical cancer in Egypt – Rotary International

                    Capgemini Egypt announces its platinum sponsorship of GUC’s annual internship and employment fair 2023 – ZAWYA

                    Russia warns West of ‘enormous risks’ if Ukraine is supplied with F … – Egypt Independent

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                    • Commentary
                    • Featured
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                  • Libya

                    Google celebrates life of Saudi novelist and critic Abdul Rahman … – Arabian Business

                    Ministry of Transport plans to develop Libya-Tunisia Ras Jedir … – Libya Update

                    Libya watchers see signs of progress toward reconciliation – Arab News

                    Flights resume in Misurata Airport after two-week halt – Libya Update

                    Africa Smartphone Tariff Tracker and Analysis 2023: Post-and … – Business Wire

                    Minister of Economy Hwej participates in the Maghreb Banking … – Libya Herald

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                    • Morocco

                      FVC to Showcase Latest Technology Offerings at GITEX Africa 2023 – ZAWYA

                      Amir Ohana To Visit Morocco In Early June, A First For Israel's … – i24NEWS

                      'Bnat El Assas': Syrian Dubbed Moroccan Drama Paves the Path for … – Morocco World News

                      Darren Bent: Morocco's Adel Taarabt Turns Down Liverpool Offer For 'Shisha' – Morocco World News

                      Israel Torpedoed Morocco Spyware Deal – and NSO Competitor … – Haaretz

                      Killer whales ram boat off the coast of Morocco: 'We were sitting ducks,' says 'petrified' couple – Fox News

                      Trending Tags

                      • South Sudan

                        Sudan: Clashes between SAF and RSF – Flash Update No. 14 (28 … – ReliefWeb

                        Sudan's army says it is committed to seven-day ceasefire mediated … – The National

                        COLUMN: Sudan at war; refugees at our door | Pius Kamau – Colorado Springs Gazette

                        Eritrea accused of forcibly repatriating civilians caught up in Sudan fighting – The Guardian

                        Mass exodus from Sudan as deadly fighting enters third week – FRANCE 24 English

                        Regional businesses hurting in Sudan fight as situation worsens – The East African

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                        • Sudan

                          Sudan: How the generals disappeared the people on the way to the … – African Arguments

                          RSF advisor: 'Hemedti is alive and is leading the battle in Sudan … – Radio Dabanga

                          U.S., Saudi Arabia call for extended ceasefire in Sudan – Reuters

                          'They set us on fire and took everything': The harrowing stories inside Chad's refugee camps as thousands flee Sudan – Sky News

                          Zimbabwe takes misery crown: Named most miserable country in the world – Business Insider Africa

                          KSrelief team meets WFP officials in Sudan – Arab News

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                          • Tunisia

                            Tunisia carry Arab hopes into knock-out stages of 2023 FIFA U-20 … – Arab News

                            Kenya's 'Kahawa Black,' Uganda's 'Big three' set for SA's Durban FilmMart – The East African

                            AFRICA: JBIC and AFC join forces to finance the energy transition – AFRIK 21

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                            • North Africa
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                              Annual Investment Meeting 2023 to Explore the Role of Digital Technology in Designing Future Cities

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                              أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

                              أوتيكو تتصدر ١٣٠٠٠ عينة بيئية تم تحليلها في ميناء تامان

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                              GCC health authorities and industry leaders meet to discuss pharma regulations and innovations

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                              • Middle east
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                                إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين

                                إن كمية حفنة من الجوز يوميا قد تعزز التطور المعرفي لدى المراهقين

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                                  Home Press Releases

                                  Commercial Greenhouse Market Estimated to Grow at a CAGR of 11.9% During the Forecast Period 2021-2026

                                  admin by admin
                                  April 6, 2022
                                  in Press Releases
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                                  (EMAILWIRE.COM, April 06, 2022 ) The commercial greenhouse market was valued at $29.9 billion in the year 2020 and is poised to grow at a CAGR of 11.9% over the forecast period of 2021-2026. Greenhouses are more often than not facilities catered by modern equipment and ancillaries to produce the intended crops or by-products. A commercial greenhouse can grow vegetables, trees, flowers, or shrubs with an efficient requirement of water, fertilizers, chemicals, and other necessary factors. A greenhouse environment can be created by using various coverings of various types. For example, polyethylene plastics are used by commercial greenhouses to cover the structures. The following structures cost less than the glass and are easy to install as well.

                                  Further advancement is seen in the form of polycarbonate plastic. The following uses a double wall made of polyethylene plastics. If this is maintained efficiently, a commercial covering such as these can last for at least ten years, and additionally, it can retain heat and humidity. Further down the line, methyl methacrylate monomer is being widely used to prevent the sheets from turning yellow, thereby maintaining visibility throughout. Moreover, the following sheet has been proven to have an increased life, be reusable, and also is an all-weather solution. Polymethyl or Acrylic has now been prevalently used in the industry owing to its rigidity. It has a textured surface, which makes the light defused and helps in preventing any condensation drip. Moreover, it is UV stabilized and has high impact resistance. The following factors, along with the resilience over finding better cropping methods will fuel the industry over the coming years.

                                  Commercial Greenhouse Market Segment Analysis- By Crop Type

                                  The commercial greenhouse market is segmented into three types based on the crop type, Fruits and vegetables, flowers and ornamentals, nursery crops, and others. Fruits and vegetables dominated the market segment in the year 2020. It is owing to the rising demand for food and the shrinking landscape. The increase in population directly leads to a rise in the number of hungry stomachs. As per the latest statistics, close to 200,000 people are added to the food demand each day. Other statics dictates that the land under production, which was 2200-meter square in 2005, will reduce to 1800- meter square by 2030. Hence, the demand for commercial greenhouses to supply the needful population has seen a prominent space in 2020. Additionally, the crop yield lost substantially to pest attack accounted globally for -10-16%, which can be significantly mitigated by using commercial greenhouses.

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                                  The demand for fruits and vegetables will see a lucrative CAGR rate of 12.2% over the forecast period of 2021-2026. It is attributed to the dynamic weather conditions now be visible in the majority of the regions. The dynamic shift in weather conditions spoils the overall yield of the crops. By adopting commercial greenhouses, the effect of such weather change can be significantly mitigated. To make the statement more factful, the vine crop productivity saw an increase of 200% as compared to the traditional methods. Additionally, the crop grown grows faster, which saves the incubation time for the next batch.

                                  Commercial Greenhouse Market Segment Analysis- By Greenhouse Type

                                  The commercial greenhouse market is segmented into two types based on the materials used in the construction, glass greenhouse, and plastic greenhouse. The plastic greenhouse dominated the market in the year 2020. It is owing to a comprehensive list of advantages it offers over glass-based. To start with, plastic is cheaper than glass, and hence if one is to utilize the economies of scale, they can use the plastics over the glass. The glass cost is close to $2.50 per square foot, while polyethylene typically costs $0.12 per square foot. Hence, a considerable cost gap can be seen in both types.

                                  The plastic Greenhouses will continue to grow at the swiftest CAGR of 12.4% over the forecast period of 2021-2026. Although the chances of wear and tear are higher in the case of plastics, the ease by which one can install a fresh piece is a driving reason for its growth. Another reason is that the sub-segment is seeing continuous technological advancement to make it more durable for it to withstand the dynamic climate change. Secondly, the breakage in glass would dent high replacement costs to the farmers or the cooperatives concerned.

                                  Commercial Greenhouse Market Segment Analysis- By Geography

                                  Europe held a dominant market share of 35% in the year 2020. It is predominantly owing to the government’s initiatives to increase the sustainability of food products using the right practices. Additionally, the European regions have problems associated with rainfall, and hence the water resources are not plenty which further asks them to use commercial greenhouses as they save water and provide other ecological benefits. As high as 11% of the lands present in Europe have a potential risk of abandonment, which account for around 20 million hectares. It is attributed to the growing modernizations and other factors listed above.

                                  North America shows an opportunity for lucrative growth in the commercial greenhouse market. Lately, the North American regions have been seeing a series of storms, heatwaves, and other natural calamities/ changes, which have been a prevalent reason for the spoilage of on-field crops. For example, the latest heatwave which struck Canada in the former half of the year spoilt the apple crop by up to 40%. Additionally, 54,000 kilograms of cherries were sunburnt. The following calamities will force the farmers to adapt to other methods such as commercial greenhouses.

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                                  Commercial Greenhouse Market Drivers

                                  Crop Yield from commercial greenhouses are higher than on-field yield, which will substantiate the demand for its usage.

                                  As per the various studies conducted by several researchers, it has been found that the average crop yield per acre can be 15 times more than the traditional on-field production. Moreover, the by-products produced by the commercial greenhouses have a higher marketable value than the on-field produce. For example, more than 90% of the yields from the commercial greenhouses can be marketed and sold in the open market, while the marketable yield remains sub-par or 40-60% in cases of on-field production. The prima facie case for such yield rates is due to the farmers’ control factors when they opt for commercial greenhouses. The supporting elements such as temperature, water or irrigation, air humidity, and light can be controlled, which helps create products that have better marketable properties.

                                  Additionally, the crops grown in the controlled environment remain free of locusts or another harmful germicide that can spoil the crop. The water required to produce remains low, which helps the farmers and helps the world on the ecological front. The plant grown in the commercial greenhouses has improved genetics, which further helps in curating crops or products with healthier varieties. The following reasons will act as a driver for the commercial greenhouses market.

                                  An increase in the demand for floriculture and ornamental horticulture applications substantially increases the use of commercial greenhouses.

                                  A traditional shift has been seen in the use of flowers and its related usages across the regions. As per the Society of American Florists, people prefer to gift or receive flowers in any relations. The latter use, to receive flowers had a vote share of 65%. At the same time, people prefer to receive a gift which has in the type of flowers by 65%, as they believed that flowers convey a deeper meaning. With rapid innovation, growing preferences for flowers, and also the advent of online retail space, the need for flowers has seen a tremendous shift. Commercial greenhouses offer the flexibility to change the crop mix as per the demand trends. Floriculture with the use of commercial greenhouses provides an ideal environment for crop production. Farmer or cultivator has a better chance of avoiding any pest attack and also has greater control over the favorable climate conditions. Lastly, a farmer uses the correct practices for growing flowers, which saves the environment and increases the quality of the plants. Moreover, India exported a value of $75.89 million worth of floriculture products in the year 2019-2020, which is substantially more than the previous years.

                                  Commercial Greenhouse Market Challenges

                                  Slim profit margins for the operation of commercial greenhouses can prevent the market from growing substantially.

                                  Various cooperatives have been reporting a flat profit margin from the use of commercial greenhouses. The profit margin peaks at around 3.5% in suitable conditions, while the margins dip to 1% when the factors are unfavorable. The unfavorable conditions which cost the margin to go down are the inefficient heating systems. Owing to rapid climate change and a substantial increase of heat in the majority of the regions, the HVAC plants are required to work round the clock, which substantially takes portions of profits from the farmers. Additionally, the cost for acquiring commercial greenhouses can lie anywhere between $13000 to $25000, as the amenities, are on the higher end.

                                  Similarly, the materials used in making the structure can change the profit margins. For example, the use of plastics of various forms might be of lower rates than glass, and the depreciation costs weigh more. Hence, the margins earned over a period of year are used in upgrading the said coverings. If the crops are spoilt due to any malfunction of the stated features, the operating costs increase multi-fold, thereby hampering the profit margins. The following reasons can impede the market growth.

                                  Commercial Greenhouse Market Landscape

                                  The commercial greenhouse market believes that with the use of correct market strategies such as mergers and acquisitions, along with product launches or developments can help the industry move forward. The top 10 companies operating in the commercial greenhouse market are-

                                  Richel Group SA.

                                  Argus Control Systems Ltd.

                                  Certhon.

                                  Logiqs B.V.

                                  Lumigrow, Inc.

                                  Agra Tech, Inc.

                                  Rough Brothers, Inc.

                                  Nexus Corporation.

                                  Hort Americas LLC.

                                  Heliospectra AB.

                                  Market Developments

                                  In April 2020, Denso, a leading automotive technological supplier invested in Cethron Group to provide solutions pertaining to commercial greenhouses.

                                  In January 2020, a contract was signed between Madar Firms of UAE with Cethron. The following contract would allow the production of tomatoes in greenhouse setups and the produce will be distributed locally. The agreement also helps UAE in tackling food and water security challenges.

                                  Key Takeaways

                                  Europe had a dominant share in the commercial greenhouse market owing to its ready adoption of the technology and the substantial need for high yield crops.

                                  North America shows a lucrative opportunity to grow in the projected period due to the rising preference for using modern methods for production than the earlier traditional techniques.

                                  The premium report will contain strengths, weaknesses, opportunities, and threats analysis.

                                  Owing to higher yields than the primitive farming methods, the demand for commercial greenhouses will see a substantial rise.

                                  Related Reports:

                                  A. HVAC Equipment Market

                                  https://www.industryarc.com/Report/105/HVAC-Systems-equipment-Market.html

                                  B. Greenhouse Irrigation System Market

                                  https://www.industryarc.com/Report/15483/greenhouse-irrigation-system-market.html

                                  For more Food and Beverage Market reports, please click here

                                  About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.



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                                  Riyadh hosts second edition of Global Project Management Forum

                                  May 31, 2023
                                  A new era of Production and Digital Engagement with Marwan Khoury

                                  A new era of Production and Digital Engagement with Marwan Khoury

                                  May 29, 2023

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                                  • الرياض تستضيف فعاليات الدورة الثانية من المنتدى العالمي لإدارة المشاريع
                                  • Riyadh hosts second edition of Global Project Management Forum
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