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Nursery And Floriculture Production Global Market Size, Share Analysis And Trends By 2033
Nursery And Floriculture Production Global Market Size
According to The Business Research Company's, 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..
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Market Drivers and Trends:
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.
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.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
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
Nursery And Floriculture Production Market 2024 Key Insights:
• The nursery and floriculture production market size will grow to $513.11 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%.
• Commercial Real Estate Construction Boom To Drive Nursery And Floriculture Production Growth
• Product Innovations Drive Growth In Nursery And Floriculture Production Market
• Asia-Pacific was the largest region in the nursery and floriculture production market in 2023
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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