The sales of greenhouse vegetable bedding plants in Canada have shown a consistent upward trend from 2013 to 2023, standing at 201.41 million CAD in 2023. The market experienced significant growth with notable year-on-year increases and an average CAGR of 6.99% over the last five years up to 2023. Specifically, the year-on-year growth rates for 2022 and 2023 were 7.53% and 4.92%, respectively, highlighting steady market expansion.
Looking ahead to the forecasted data from 2024 to 2028, the market is expected to continue its positive trajectory with a projected CAGR of 4.08%, resulting in a forecasted 22.14% growth rate over the next five years. Key trends to watch for include:
- Increased consumer demand for locally-grown, sustainable produce.
- Technological advancements in greenhouse farming techniques.
- Expansion of urban and community gardening initiatives.
- Government policies supporting agricultural innovation and sustainability.
