The Global Greenhouse, Nursery And Flowers Market Was Valued around $1.1 Trillion In 2017 According To TBRC’s Latest Report

The global greenhouse, nursery, and flowers market was valued at $1084.42 billion in 2017. Asia Pacific was the largest geographic region accounting for $647.8 billion or 59.7% of the global market. China was the largest country accounting for $203.2 billion or 18.7% of the global greenhouse, nursery, and flowers market.

Greenhouse, Nursery And Flowers market includes establishments involved in growing any kind of crops under cover and growing nursery stock and flowers. Under cover is referred as greenhouses, cold frames, cloth houses and lath houses. The crops are produced at various stages of maturity and have an annual or perennial life cycles.

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The global greenhouse, nursery, and flowers market was valued at $1.1 trillion in 2017. Among regional markets, Asia Pacific was the largest geographic region accounting for more than half of the global market. The market saw a growth as the vertical farming process can increase the productivity because of its ability to grow in artificial lights, with less water and less usage of pesticides. Vertical farming is the practice of producing crops in vertically stacked layers or inclined surfaces with the help of controlled environment agriculture technology. Hydroponics is included in vertical farming which uses 70 percent lesser water than normal agriculture. Vertical farming gives the farming industry an ability to grow crops within urban environments and thus have fresher foods available at a faster rate and at low costs.

The market in the report is segmented into: food crops grown under cover and nursery & floriculture production.

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China was the largest country accounting for almost one-fifth of the global greenhouse, nursery, and flowers global market.  This can be attributed to the large population and agricultural land mass in the country. China was followed by India and Japan.

The top five competitors in the market are: Colour Spot Nurseries followed by Coasta Farms, Altman Plants, Kurt Weiss Greenhouses and Rocket Farms. Colour Spot provides in-store merchandising, product displays, promotional planning, and product reordering services to customers including Home Depot, Lowes, Wal-Mart, K-Mart, Rite-Aid, Kroger, and Orchard Supply. Colour Spot is “growing for its customers.” The company currently operates 10 production facilities in California, Arizona, Oregon and Texas, and ships to 26 states.

 

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