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(MoneyNewsWire.Net, August 31, 2017 ) 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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