Market Leaders : Berry Global, Richel Group and Certhon are focusing on Partnerships, Acquisitions, and Investment Strategies to Strenthen Their Market Position in Commercial Greenhouse Market
The global commercial greenhouse market is estimated to be valued at USD 35.5 billion in 2022. It is projected to reach USD 61.6 billion by 2027, recording a CAGR of 11.6% during the forecast period. A commercial greenhouse is a structure covered with a transparent material that admits natural light for plant growth. The main components of greenhouse, including structure, covering/glazing, and temperature control systems, need proper design that facilitates the healthy growth of plants. Based on type, the commercial greenhouse market is segmented into glass greenhouse and plastic greenhouse. Vegetables grow well in greenhouses, as they are shielded from adverse weather conditions including cold, wind, bugs, drought, and scorching heat, and receive protection from animals trying to devour them. Moisture, light, temperature, fertilizer, humidity, and irrigation levels can be regulated in a greenhouse, thus creating the best conditions for the crops.
Key players in this market include Berry Global (Us), Richel group (France), Signify Holding (Netherlands), Certhon (Netherlands), Heliospectra AB (Sweden).
Berry Global Inc. is a global producer of plastic solution films. The company offers products through three business segments—consumer packaging international, consumer packaging North America and engineered materials. It offers a wide range of products, including specialty closures, prescription vials, specialty films, adhesives, corrosion protection materials, as well as drink cups, thin-wall containers, and bottles. The company offers a range of agricultural films that are manufactured using advanced technologies and materials. It provides a wide variety of mulch, greenhouse, and silage films. The company offers agricultural films-based products through its engineered materials business segment. It has manufacturing facilities in countries such as the US, Canada, Mexico, India, and Brazil. The company has expanded its global presence by acquiring new facilities. It continuously upgrades its portfolio by launching new products. In June 2019, Berry Global completed the acquisition of RPC Group for USD 6.5 billion. This acquisition has made Berry Global a leading global supplier of valued-added protective solutions and one of the world’s largest plastic packaging companies.
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Signify Holding, earlier known as Philips Lighting, is one of the market leaders with recognized expertise in the development, manufacture, and marketing of innovative, energy-efficient lighting products, systems, and services. The company operates through four major segments: LED, lamps, professional, and home. It provides lighting products that find application in horticulture. Lighting products include lamps, consumer & professional luminaires, lighting systems & controls, automotive lighting, packaged light-emitting diodes (LEDs), and LED solutions.
Signify Holding is one of the leading players in the field of LED grow light technology and is used widely in the indoor farming market. It commenced its operations as a standalone company from February 2018, following its divestiture from Royal Philips. The company has its presence in over 180 countries across the Americas, Europe, Africa, and Asia Pacific. It functions through 70 sales offices worldwide and has manufacturing sites in 22 countries.
Richel Group is engaged in the production, design, and marketing of greenhouses. The company provides two types of greenhouses: Venlo greenhouses and plastic greenhouses. Under Venlo greenhouses, Richel Group provides Venlo and photovoltaic greenhouses. Under plastic greenhouses, the company offers multi-span, multi-tunnel and tunnel, and bitunnel greenhouses, and garden greenhouses and shelters. Richel Group also deals in various types of greenhouse equipment. The company provides greenhouses and greenhouse equipment for horticulturists, nurseries, vegetable growers for ground and suspended crops, young plant growers, seed growers, and greenhouse cultivation for medical cannabis. It owns two production sites in France and operates in 95 countries.
Related Reports:
Commercial Greenhouse Market by Type (Glass, Plastic), Product Type (Fruits, Vegetables, Flowers & Ornamentals, Nursery Crops), Equipment (Hardware, Software & Services), & Region (North America, Europe, APAC, South America, Row) - Global Forecast to 2027
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