12 Dic United States Floriculture Market is Expected to Grow at a CAGR of 5.30 % by 2032
United States Floriculture Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 5.30 % (2024-2032)
Market Size in 2023: USD 7.67 Billion
Market Forecast in 2032: USD 12.64 Billion
According to the latest report by IMARC Group, the United States floriculture market size reached USD 7.67 Million in 2023. Looking forward, IMARC Group expects the market to reach USD 12.64 Billion by 2032, exhibiting a growth rate (CAGR) of 5.30% during 2024 -2032. The market is experiencing robust growth, driven by rising consumer interest in ornamental plants and flowers and the increasing popularity of outdoor living spaces.
Furthermore, urbanization is significantly influencing market demand as more individuals seek to bring nature into urban environments through the use of potted plants and floral arrangements. The increased interest in home gardening, partly propelled by the COVID-19 pandemic, has also contributed to industry expansion, with more consumers investing in flowers and plants for personal use and decoration. Additionally, the demand for flowers in special events such as weddings, corporate functions, and cultural celebrations is a notable growth-inducing factor. Seasonal events such as Valentine’s Day, Mother’s Day, and the holiday season remain important periods for flower sales.
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United States Floriculture Industry Trends and Drivers:
Key trends in the United States floriculture market include sustainability and technological innovation. The rise of eco-conscious consumers has led to a growing preference for sustainably sourced flowers and environmentally friendly cultivation methods. As a result, market players are increasingly adopting organic farming practices and reducing the use of synthetic fertilizers and pesticides to meet this demand. Furthermore, advancements in greenhouse technology, such as controlled environment agriculture (CEA), have allowed growers to optimize production, reduce resource consumption, and ensure a consistent supply of high-quality flowers throughout the year. Additionally, the shift toward low-maintenance plants, such as succulents and indoor foliage, is also contributing to industry growth as they appeal to urban dwellers and individuals with busy lifestyles. These plants require minimal care and thrive in a variety of indoor settings, making them popular choices among consumers. The rising geriatric population in the United States is also influencing market demand, as older consumers are increasingly interested in gardening as a leisure activity. This demographic shift has increased the demand for easy-to-care-for plants and flowers, further facilitating industry expansion.
United States Floriculture Industry Segmentation:
The report has segmented the market into the following categories:
Product Insights:
- Bedding and Garden Plants
- Pott Plants
- Foliage Plants
- Propagative Floriculture Materials
- Cut Flowers
- Tulip
- Lilies
- Gerbera
- Gladioli
- Sunflower
- Rose
- Others
- Cut Cultivated Greens
End-User Insights:
- Residential
- Commercial
- Institutional
Regional Insights:
- Northeast
- Midwest
- South
- West
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Market Structure
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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