The sales of greenhouse ornamental bedding plants in Canada were valued at 212.71 million CAD in 2023, reflecting a 0.81% decrease from the previous year. This is part of a general trend where sales have experienced slight fluctuations, with a notable spike to 230.06 million CAD in 2020. Over the last five years, the compound annual growth rate (CAGR) has been 0.76%. However, the forecast up to 2028 predicts a decline, with a projected 5-year CAGR of -1.27%, indicating an overall reduction of 6.19% in market value.
Future trends to watch for:
• Increasing consumer interest in sustainable and locally grown plants, potentially boosted by advancements in greenhouse technologies.
• Economic factors such as inflation and disposable income levels impacting consumer spending on ornamental bedding plants.
• Potential volatility in market demand due to climate change and its effects on plant cultivation and consumer preferences.
