Commercial Greenhouse Market is Growing Due to Higher Yield Compared to Traditional Farming Techniques

There have been various factors which have played a major role in driving the commercial greenhouse market across the globe. One of the major drivers is that commercial greenhouses provide higher yield compared to traditional agricultural techniques. Increasing trend of rooftop farming is also an important driver of the market. The global commercial greenhouse market is projected to reach USD 29.64 Billion by 2020, growing at a CAGR of 8.8% from 2015 to 2020.

In 2015, Europe is estimated to be the largest market for commercial greenhouse. Asia Pacific is projected to be the fastest-growing market for commercial greenhouse during the forecast period. The market is majorly driven by factors like higher yields compared to traditional agriculture and the lack of arable land and unfavourable climatic conditions for agriculture.

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Significant growth in plastic greenhouses was observed in the North America region

Plastic used in commercial greenhouses is made in a manner that makes it more durable than regular plastic. This specially made plastic can resist tearing and can withstand extreme weather conditions. The European plastic greenhouse market dominated the plastic greenhouse market. The North American plastic greenhouse market is projected to grow at the highest CAGR during the forecast period.

Strong product platform provided by ammonia

The demand for polycarbonate is increasing as it is significantly stronger and more durable. The average durability of polycarbonate lasts for around fifty years and requires very low maintenance. There are various grades of polycarbonate such as high heat polycarbonate, impact modified polycarbonate, and optical grades among others. For a greenhouse that has polycarbonate glazing where the polycarbonate is made from new raw materials and not recycled materials, the life of the polycarbonate increases. UV (Ultraviolet) treated polycarbonate provides better clarity than polyethylene film and nearly as much clarity as glass.

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Key to success of the commercial greenhouse market in the European region

Europe is the fastest growing market for commercial greenhouses. The evolution of Controlled Environment Agriculture (CEA) and commercial greenhouses took place in Europe due to the favorable climate for the adoption of greenhouse automation technologies and encouragement from governments. A large number of Europe-based companies have invested significantly in the research of various areas of greenhouse automation, including climate control, lighting, and material handling, among others. As a result of the all-round development in CEA, Europe has become a major market for commercial greenhouse technologies.

The key market players that dominated the commercial greenhouse market include Richel Greenhouse (France), Argus control systems ltd. (U.S), Certhon (U.S.), Logiqs (The Netherlands), Lumigrow (U.S.). 

Increasing Usage of Functional Proteins by Various End-User Industries to Drive the Market Growth in Coming Years

Functional proteins are used in various applications such as dietary supplements and food & beverages due to the rising demand for food products with improved functionalities. The ability of functional protein manufacturers to develop distinct isolates, concentrates, and other forms of protein ingredients for different food products, such as dairy products, beverages, dietary supplements, infant formula, bakery products, and confectionery products, is expected to drive the growth of the functional proteins market during the forecast period.

The global functional proteins market is projected to reach USD 5.70 billion by 2022, at a CAGR of 6.6% from 2017. The growth of the functional proteins market is driven by consumer awareness about a healthy diet, increasing instances of chronic diseases, and technological upgradation in the functional proteins market. The key drivers for the market are the shift in demand from processed to healthy and functional food.

Based on type, the market has been segmented into hydrolysates, whey protein concentrates, whey protein isolates, casein & caseinates, soy protein, and others. The whey protein concentrates segment dominated the market in 2017. Whey protein is one of the major ingredients used for manufacturing several milk-based products and is used by many food & beverage manufacturers as a protein source for product innovation. They are commonly used as a source of protein in functional food & beverages, owing to their easy availability or ease of production and less cost, as compared to hydrolysates and isolates.

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In terms of application, the dietary supplements segment, the market has been segmented into functional foods, functional beverages, dietary supplements and animal nutrition Dietary supplements come in the form of capsules, liquids, powders, or tablets and are consumed to make up for the deficiencies of certain nutrient components in diets. In dietary supplements, one of the upcoming trends is the intake of nutritional supplements such as protein powder; which promotes muscle gain, fat loss, and also provides nutritional benefits. There is a growing consumption of different types of functional dietary protein supplements among consumers of all ages.

Based on source, the animal segment accounted for the largest share of the global functional proteins market in 2017. The demand for animal protein is driven by its better nutritional and flavor profile compared to plant-derived proteins. Further, the increasing use of animal protein in end-use applications, such as sports nutrition and the limited availability of substitutes for egg and gelatin in various food products—which, in turn, is influenced by lifestyles and demographic shifts—are the key market drivers.

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Asia Pacific is projected to be the fastest-growing market for functional proteins during the forecast period. The consumption of plant-sourced proteins such as soy protein and pea protein in the Asia Pacific region has been experiencing robust growth due to the increasing consumption of functional foods and dietary supplements. The higher economic power among consumers in the region has led to an increase in the consumption of soy protein, which is cheap and abundant in these countries. Countries such as Japan, Australia, and New Zealand are focusing on offering premium functional proteins ingredients, considering the derived health benefits. The major factors driving the Asia Pacific functional proteins market are the changing lifestyles of consumers, the rapid growth of the middle-class population, and the increasing consumer awareness about health & fitness. Also, investments and expansions in the region have driven the growth of the Asia Pacific functional proteins market.

Key participants in the functional proteins market are the functional proteins manufacturers, suppliers, and regulatory bodies. The key players that are profiled in the report include Archer Daniels Midland Company (US), Koninklijke DSM N.V. (Netherlands), Cargill, Incorporated (US), BASF SE (Germany), Ingredion Incorporated (US), Roquette Frères (France), SunOpta (Canada), Darling Ingredients Inc. (US), Omega Protein Corporation (US), DowDuPont Inc. (US), Kemin Industries, Inc. (US), InVivo (France), and John Pointon & Sons Ltd. (UK).