Global Commercial Greenhouse Market Growth Analysis 2024, Forecast To 2033

The commercial greenhouse market has experienced rapid growth, surging from $32.44 billion in 2023 to $35.86 billion in 2024, reflecting a compound annual growth rate (CAGR) of 10.5%. Historical growth is attributed to the growing demand for fresh produce, an increasing population, climate change, extreme weather events, and a focus on sustainability and organic farming. The market is expected to see rapid growth, reaching $53.91 billion in 2028, with a CAGR of 10.7%. The forecasted expansion is attributed to urbanization and limited arable land, government incentives and regulations, consumer preferences, and export opportunities. Major trends in the forecast period include research and development, technological advancements, sustainable and eco-friendly practices, smart and automated greenhouses, vertical farming, controlled-environment agriculture (CEA), specialty crop production, circular agriculture, and health and wellness products.