In 2023, the gross output of the US Greenhouse, Nursery, and Floriculture production industry was approximately $18.72 billion. The forecasted data from 2024 onwards demonstrates a steady year-on-year growth, with a CAGR of around 0.35% expected over the five-year period ending in 2028. The industry is projected to grow to $19.07 billion by 2028, indicating stable growth despite external market pressures.
Future Trends to Watch For:
- Increased consumer preference for sustainable and organic products may drive demand.
- Advancements in horticultural technology could enhance production efficiencies.
- Climate change impacts may influence crop yields and industry practices.
- Shifts in import-export policies could affect market dynamics.
- Potential regulatory changes in environmental policies may impact operations.
