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Plant & Flower Growing in the US - Industry Market Research Report

  • May 2017
  • 34 pages
  • Ibisworld
Report ID: 499199

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Late bloomer: Revenue will decline, hampered by import competition

Plant & Flower Growing in the US

The Plant and Flower Growing industry has had a challenging five years to 2017. The influx of low-cost cut flower imports from Colombia and Ecuador has challenged the domestic industry's price competitiveness, exacerbating declines in revenue. Drought conditions in the United States in 2012 harmed industry harvest volume and product quality, encouraging an increased inflow of imports. Over the next five years to 2022, IBISWorld forecasts that industry revenue will continue its decline, though at a slower pace than in the five years to 2017. Overall, demand from florists and wholesalers is expected to continue declining.

Establishments in this industry grow nursery plants, such as trees and shrubs; flowering plants, such as foliage plants, cut flowers, flower seeds and ornamentals; and short rotation woody trees, such as Christmas trees and cottonwoods. These plants can either be grown under cover or in an open field.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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ref:plp2017

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