The production of greenhouse vegetable bedding plants in Canada has shown some fluctuations over the past decade. In 2023, the value stood at 831.92 million. Between 2013 and 2023, production values experienced both growth and decline, with notable year-on-year increases in 2014 (5.26%) and 2019 (2.89%), and decreases in 2015 (-3.24%) and 2021 (-2.76%). The five-year compound annual growth rate (CAGR) until 2023 averaged at 0.79%, indicating modest overall growth.
Looking forward from 2024 to 2028, the production is forecasted to increase significantly, with a forecasted CAGR of 2.78%, leading to a significant 14.69% growth rate over five years. This suggests a steady upward trend driven potentially by advances in agricultural technologies and increasing demand for greenhouse vegetables.
Key future trends to watch for include:
- Technological advancements in greenhouse farming
- Increasing consumer demand for sustainable and locally grown produce
- Potential impacts of climate change on traditional farming methods
- Government policies and subsidies supporting greenhouse agriculture
