Greenhouse, Nursery And Flowers Market

Greenhouse, Nursery And Flowers Market Growth (2022 - 2027):

The Greenhouse, Nursery, And Flowers Market was valued at USD 396.62 billion in 2021 and estimated to reach USD 538.04 billion in 2026, registering a CAGR of 7.4% during the forecast period 2022 - 2027.

The greenhouse, nursery, and flowers market growth are 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, greenhouses. Cold frames, and cloth houses. The crops grown under this includes mushrooms, food crops grown undercover, and floriculture produce. The greenhouse is a structure of 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 the 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 ban on flights in 2020 distracted the supply chain that decreased the shares of the Greenhouse, nursery, and flowers 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 flowers market towards positive. The market shares are expected to have prominent growth opportunities in the coming years.

Recent Developments:

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

Drivers and Restraints:

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 the crops in the nursery is eventually propelling the demand of the market. Increasing population and growing support from government organizations are likely to bolster the demand of the greenhouse, nursery, and flowers market. The vertical farming process is playing a significant role in increasing the efficiency in growing the plants with the latest technologies. The vertical farming process enables artificial lights for the plants undercover. This in turn helps to use less water and pesticides. These advantages of the vertical farming process are promoting the growth rate of the market to the extent. Along with this. Rising disposable income and interest towards growing plants among urban people are enhancing the growth rate of the greenhouse, nursery, and flowers market. Rising sales of nursery plants even in developed and developing countries eventually expand the growth rate of the market.

Restraints:

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

GREENHOUSE, NURSERY, AND FLOWERS MARKET REPORT COVERAGE:

Market Segmentation:

Greenhouse, Nursery And Flowers Market - By Type:

• Food Crops Grown

• Nursery and Floriculture Production

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

Greenhouse, Nursery And Flowers Market - By Application:

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

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, rising prominence to use fewer pesticides is leveling up the demand of the greenhouse, nursery, and flowers 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 is holding with the dominant shares 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. High population and increasing prevalence to grow plants are leveraging the growth rate of the greenhouse, nursery, and flowers 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 flowers market.

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

Latin America's greenhouse, nursery, and flowers market shares are expected to have significant growth opportunities in the forecast period. Creating awareness over 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 Players:

Some of the major key players included in 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