The nursery plants production in Sweden for 2023 stood at 198.8 million Euros. Reviewing the data, nursery plants production experienced consistent growth since 2020, with particularly strong year-on-year increases noted from 2020: from 18.57% in 2020 to a peak growth of 22.6% in 2022, and then a moderated rise of 13.25% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years was notably high at 14.95%. Looking ahead, the forecast for 2024-2028 indicates a more moderate yet positive growth with a 5-year forecast CAGR of 6.4%, projecting a total increase of 36.4% by 2028.
Future trends to watch for:
- Increased environmental and sustainability awareness driving demand for nursery plants.
- Advances in horticultural technologies and techniques.
- Changes in consumer preferences towards urban gardening and green spaces.
- Potential economic factors influencing production costs and pricing strategies.
- Impact of government policies on agricultural practices and nursery plant production incentives.