Nursery And Floriculture Production Global Market Report 2024 - By Growth, Trends, Size, Share, Forecast To 2033

The nursery and floriculture production market size has grown rapidly in recent years. It will grow from $321 billion in 2023 to $353.26 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to growing demand for ornamental plants, landscaping in commercial spaces, seasonal celebrations, gifting culture, rising awareness of green spaces, economic growth.

The nursery and floriculture production market size is expected to see rapidly grown in the next few years. It will grow to $513.11 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to sustainable practices, e-commerce growth, customization in plant varieties, pharmaceutical and cosmetic uses, climate-resilient varieties, rise in urban agriculture.. Major trends in the forecast period include online sales platforms, sustainable and eco-friendly practices, native and unique plant varieties, integration of technology in production, urban gardening and small-space landscaping, customized and specialty plant products..

Market Overview -
Nursery and floriculture productions are businesses that specialize in cultivating nursery plants, flowers, and crops in any type of undercover environment (greenhouses, cold frames, cloth houses, and lath houses).

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Commercial Real Estate Construction Boom To Drive Nursery And Floriculture Production Growth
Surging commercial real estate construction is expected to propel the growth of the nursery and floriculture production market going forward. Commercial real estate (CRE) is a property that is used solely for business-related purposes or to offer a work area rather than a dwelling space, and it is leased to tenants to generate income. Decorative plants and flowers are utilized for landscaping and architectural applications in real estate construction to give a green and environment-friendly touch, which results in increased demand for nursery and floriculture production. For instance, in December 2022, according to the International Monetary Fund, a US-based international financial institution, commercial real estate prices increased by 4.84% in the first quarter of 2021, escalating to 13.99% in the first quarter of 2022. Therefore, the surge in real-estate construction will drive the nursery and floriculture production market.

Competitive Landscape -
Major companies operating in the nursery and floriculture production market report are Costa Farms LLC, Altman Specialty Plants Inc., Kurt Weiss Greenhouses Inc., Rocket Farms Inc., Bell Nursery Holdings LLC, Metrolina Greenhouses Inc., Bailey Nurseries Inc., Coletta and Tyson Ltd., Daleys Fruit Tree Nursery Pty Ltd., Double H Nurseries Ltd., Dutch Flower Group BV, Farplants Sales Ltd., H Andreas GmbH, Hofland Flowering Plants, Beekenkamp Verpakkingen B.V., Javado B.V., Kientzler Jungpflanzen GmbH & Co. KG, Klasmann-Deilmann GmbH, Kordes Rosen GmbH, Limgroup B.V., MNP flowers B.V., Morel Diffusion S.A.S., Ball Horticultural International Inc., Green Fuse Botanicals LLC, Syngenta Flower Seeds B.V., Terra Nova Nurseries Inc., Van Belle Nursery Inc., Suntory Global Flowers Inc., Color Spot Nurseries, Sun Valley Nurseries .

Product Innovations Drive Growth In Nursery And Floriculture Production Market
Product innovations have emerged as a key trend gaining popularity in the nursery and floriculture production market. Major companies operating in the nursery and floriculture production market are advancing toward the use of innovative solutions such as autonomous greenhouses and sensor technologies for the nursery and floriculture production markets. For instance, in November 2021, Iron Ox, a US-based company growing fresh produce using robotics and plant science, launched a mobile support robot, Grover. The Grover can lift more than 1,000 pounds and assists in monitoring, watering, and harvesting a wide range of crops, from leafy greens to strawberries. Its unique features include a differential drive system, several LiDAR systems, and upward and forward-facing camera systems that convey plant modules.

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Key Segments -
The nursery and floriculture production market covered in this report is segmented -
1) By Type: Trees, Shrubs, Flowers, Vegetable Seeds, Other Types
2) By Application: Household, Plant Garden, Plant Research Center, Commercial Greenery, Other Applications
3) By End User: Business-To-Business (B2B), Business-To-Consumer (B2C)

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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