Greenhouse, Nursery And Flowers Market

Global Greenhouse Nursery And Flowers Market Size (2024 to 2029)

The greenhouse nursery and flowers market size is expected to reach USD 510.68 billion in 2024 and reach USD 729.74 billion by 2029, growing at a CAGR of 7.4% during the forecast period from 2024 to 2029.

The greenhouse, nursery, and flower market growth is going at a steady pace with the emergence of the vertical farming process. The vertical farming process is likely to fuel the growth rate of the market. Greenhouse, nursery, and flowers consist of greenhouse and nursery flowers that are grown under the cover. The type of undercover may include lath cloth and greenhouses. Cold frames, and cloth houses. The crops grown under this include mushrooms, food crops grown undercover, and floriculture produce. The greenhouse is a structure the plants grow and the nursery is the place where plants grow. The greenhouse, nursery, and flowers market deals with the sales of the greenhouse, nursery, and flowers with entities like organizations, sole traders, and partnerships.

Impact of COVID-19 on Greenhouse, Nursery, and Flowers Market:

COVID-19 is a deadly disease that disrupted the supply chain in many ways. Every sector has faced difficulties during the lockdown period as there are strict COVID-19 norms. Lockdown restrictions and a ban on flights in 2020 distracted the supply chain and decreased the shares of the Greenhouse, nursery, and flower market. The world is slowly recovering from the COVID-19 impact, where all the activities were completely resumed. This is to impel the demand of the greenhouse, nursery, and flower market towards a positive. The market shares are expected to have prominent growth opportunities in the coming years.

Market Drivers

The growing trend towards the development of a variety of plants under specific climatic conditions is a major factor for the market to grow tremendously. The rapid adoption of the latest technologies in growing crops in the nursery is eventually propelling the demand of the market. The increasing population and growing support from government organizations are likely to bolster the demand for greenhouses, nurseries, and flower markets. The vertical farming process is playing a significant role in increasing the efficiency of growing plants with the latest technologies. The vertical farming process enables artificial lights for the plants under cover. This, in turn, helps to use less water and pesticides. These advantages of the vertical farming process promote the growth rate of the market to an extent. Along with this. Rising disposable income and interest in growing plants among urban people are enhancing the growth rate of the greenhouse, nursery, and flower market. Rising sales of nursery plants, even in developed and developing countries, eventually expand the growth rate of the market.

Market Restraints

However, rising concern about the cost required to maintain greenhouses and nursery places is slowly degrading the growth rate of the market. Lack of complete knowledge of the latest techniques in growing plants under certain conditions is hindering the growth rate of the greenhouse, nursery, and flower market. Also, frequent climatic changes are a big challenging factor for the market players. Weak wage growth in developed countries is also a factor restraining the demand for the greenhouse, nursery, and flower markets.

Impact of COVID-19 on Greenhouse, Nursery, and Flowers Market

COVID-19 is a deadly disease that disrupted the supply chain in many ways. Every sector has faced difficulties during the lockdown period as there are strict COVID-19 norms. Lockdown restrictions and a ban on flights in 2020 distracted the supply chain and decreased the shares of the Greenhouse, nursery, and flower market. The world is slowly recovering from the COVID-19 impact, where all the activities were completely resumed. This is to impel the demand of the greenhouse, nursery, and flower market towards a positive. The market shares are expected to have prominent growth opportunities in the coming years.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Greenhouse, Nursery And Flowers Market By Type

The food crops segment has the largest share of the market owing to the rising demand for food supply across the globe. The nursery segment is next to the food crops grown segment dominating the shares of the greenhouse, nursery, and flowers market. Rising interest in growing plants in both urban and rural areas is enhancing the growth of the market. The rising popularity of the greenhouse, nurseries, and flowers across the regions is greatly influencing the demand of the market.

Global Greenhouse, Nursery And Flowers Market By Application

Agricultural products are leading with the highest shares of the market owing to the increasing global population and rising demand to increase the rate of crop production. Also, the rising prominence to use fewer pesticides is leveling up the demand for the greenhouse, nursery, and flower market. The ornamental plant segment is next in leading the shares of the market. Growing awareness among customers is mainly driving the growth rate of this segment to the extent.

REGIONAL ANALYSIS

The Asia Pacific holds the dominant share of the market. In 2020, the Asia Pacific greenhouse, nursery, and flowers market accounted for 73% of shares. The rapid adoption of the latest technologies is a major factor for the fastest growth of the market in this region. The high population and increasing prevalence of growing plants are leveraging the growth rate of the greenhouse, nursery, and flower market in Asia Pacific. India and China are majorly contributing the highest shares of the market.

Europe is projected to grow at a CAGR of 7% during the forecast period 2022 - 2027. People's interest in growing a number of plants is a major factor propelling the demand of the market eventually. Financial support from government organizations is also likely to fuel the growth rate of the greenhouse, nursery, and flower market.

North America is expected to have the dominant share of the market in the foreseen years. Constant economic growth and growing knowledge of greenhouse and nursery techniques in urban areas are promoting the demand of the market in this region. Also, rising disposable income and the increasing popularity of nursery plants in digital platforms are also anticipated to level up the demand of the market.

Latin America's greenhouse, nursery, and flower market shares are expected to have significant growth opportunities in the forecast period. Creating awareness of the benefits of vertical farming procedures in growing crops is enhancing the growth rate of the market.

The Middle East and Africa is to have a slow growth rate during the period 2022 - 2027.

KEY MARKET PLAYERS

Some of the major key players included in the greenhouse, nursery, and flowers market are Kurt Weiss Greenhouses, Dutchmaster Nurseries Ltd, Costa Farms, Altman Plants, Rocket Farms, Color Spot Nurseries, Brookdale Treeland Nurseries Limited (BTN), Guzman's Greenhouse. Some of the market players that are dominate the global greenhouse and nursery market.

RECENT DEVELOPMENTS IN THE GLOBAL MARKET

• In March 2020, Premier Tech company acquired Éconeau and AgroEnviroLab. This acquisition will sustain the market in the top position.

DETAILED SEGMENTATION OF THE GLOBAL GREENHOUSE NURSERY AND FLOWERS MARKET INCLUDED IN THIS REPORT

This research report on the global greenhouse nursery and flowers market is segmented and sub-segmented into the following categories.

By Type

• Food Crops Grown
• Nursery and Floriculture Production

By Application

• Agricultural Products
• Ornamental Plant
• Grow Plants
• Consumer goods
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa