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Greenhouse, Nursery, And Flowers Market Report 2024-2033: Global Outlook, Growing Demand, Rising Trends And Major Players
Greenhouse, Nursery, And Flowers Market Report
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According to The Business Research Company's, The greenhouse, nursery, and flowers market size has grown strongly in recent years. It will grow from $493.66 billion in 2023 to $535.04 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to traditional horticultural practices, seed and plant breeding, pest and disease management, land availability.
The greenhouse, nursery, and flowers market size is expected to see strong growth in the next few years. It will grow to $715.85 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to sustainable practices, e-commerce and direct sales, smart greenhouses, vertical farming , transportation infrastructure. Major trends in the forecast period include urban gardening and balcony farming, smart greenhouse technologies, digitalization of nursery operations, biotechnology in plant breeding, development of disease-resistant plant varieties.
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Market Drivers and Trends:
The vertical farming process can increase productivity because of its ability to grow under artificial lights, with less water and less pesticides. Vertical farming is the practise of producing crops in vertically stacked layers or inclined surfaces with the help of controlled-environment agriculture technology. Vertical farming includes hydroponics, which uses 70% less water than traditional agriculture. Vertical farming gives the farming industry the ability to grow crops within urban environments and thus have fresher foods available faster and at lower costs.
Major companies operating in the greenhouse, nursery, and flower market are developing innovative glass-based constructions of greenhouse to provide a controlled environment for plants, which allows for year-round protection of crops rather than seasonally. Glass-based greenhouse construction involves building a greenhouse using glass as the primary material for the walls and roof. For instance, in September 2023, Beijing Kingpeng International Hi-Tech Corporation, a China-based greenhouse company, launched Greenhouse Phase Two. The greenhouse is equipped with high-level automatic systems and will use polycarbonate material. The new addition helps increase the city's vegetable supply and promotes sustainable agriculture practices.
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Major Key Players of the Market:
Cargill Incorporated, Bunge Limited, Olam International Limited, Bayer Aktiengesellschaft, Syngenta Flowers LLC, WH Group Limited, Dairy Farmers of America Inc., Corteva Agriscience Inc., Charoen Pokphand Foods Public Company Limited, Land O'Lakes Inc., Wens Foodstuff Group Co. Ltd., Royal FloraHolland, The Scotts Miracle-Gro Company, Netafim Ltd., Monrovia Company, Ball Horticultural Company, Dümmen Orange, Costa Farms LLC, Duerr Nursery & Perennials Inc., Wayside Gardens, PanAmerican Seed Company, A.M.A. Horticulture, United Plant Growers Inc., Kientzler Forest Products LLC, Grodan Holding B.V., Priva Holding B.V., Svensson International BV, Hilverda Florist, Rose Parade, Four Winds Growers Inc.
Greenhouse, Nursery, And Flowers Market 2024 Key Insights:
• The greenhouse, nursery, and flowers market size is expected to see strong growth in the next few years. It will grow to $715.85 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%.
• Enhancing Productivity Through Vertical Farming
• Beijing Kingpeng International Introduces Greenhouse Phase Two For Year-Round Crop Protection And Sustainable Agriculture
• The Asia-Pacific was the largest region in the greenhouse, nursery, and flowers market in 2023
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