Horticulture Market Size, Share, and Analysis, By Cultivation Type (Food Plant (Fruit, Nut Crop, Vegetable, Others), Ornament Plant (Flowers, Turf, Others)), By Propagation (Seed, Vegetative, Layering & Cutting, Grafting, Breeding, Others), By Application (Greenhouse, Vertical Farms, Indoor Farms) and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
PRODUCT OVERVIEW
Horticulture Market is expected to achieve a 10.2% CAGR during the forecast period (2024-2034). The market was valued at USD 24.9 billion in 2023 and is projected to reach USD 73 billion by 2034.
Horticulture involves the scientific and artistic cultivation of fruits, vegetables, nuts, seeds, herbs, sprouts, mushrooms, algae, and non-edible plants like grass and ornamental trees. It encompasses the cultivation of plants for food, aesthetics, and various other purposes. Techniques in horticulture, such as greenhouse farming, hydroponics, and vertical agriculture, are employed to enhance plant growth and crop productivity. Key areas of focus include propagation methods (like seed planting and grafting) and their applications (such as in greenhouse and indoor agriculture). Despite challenges like climate change and high investment costs, horticulture promotes sustainable farming by offering fresh crops and enhancing urban green spaces.
MARKET HIGHLIGHTS
Horticulture market is expected to reach USD 73 billion, with a projected growth rate of 10.2% during the forecast period. This growth is attributed to the increasing consumer demand for fresh, organic produce and a growing focus on health consciousness. Technological advancements, such as greenhouse automation and vertical farming, are improving efficiency and productivity. Urbanization has led to a demand for space-efficient farming solutions, attracting interest in indoor and vertical gardens. Sustainability trends are also driving the market, as eco-friendly practices become more widespread. Government incentives and investments in agricultural innovation are further supporting the expansion of this sector. Looking ahead, the market is set for continuous growth due to ongoing technological advancements, the rise of urban agriculture, and continued consumer preference for local and fresh products.
Horticulture Market Segments:
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