Plant & Flower Growing in the US
The five years to 2018 have been challenging for the Plant and Flower Growing industry, with revenue decreasing. The influx of low-cost cut flower imports from Colombia and Ecuador, combined with a rising trade-weighted index has challenged the domestic industry's price competitiveness in recent years. This increase has served to make US exports comparatively more expensive on foreign markets and imports less expensive on domestic markets. Despite this premium, however, rising exports to Canada and the Netherlands have helped mitigate further declines in industry revenue during the period. Over the next five years IBISWorld forecasts that industry revenue will return to slight growth, as demand from florists is expected to recover with anticipated increases in consumer spending.
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.