The production of greenhouse ornamental bedding plants in Canada has consistently declined from 2013 to 2023, with the value falling from 542.96 million to 373.66 million in 2023. The year-on-year variation shows fluctuations, with significant declines observed in 2015 (-9.35%) and 2022 (-8.2%). The 5-year CAGR leading up to 2023 was -3.27%. The forecast for the years 2024 to 2028 predicts a continuous decline, projecting a 5-year CAGR of -2.9% and an accumulated growth rate of -13.68%.
Future trends to watch for include potential changes in consumer preferences towards sustainable and local products, which could influence the overall market. Economic factors, environmental regulations, and technological advancements in greenhouse production could also impact future trends in this sector.
