The Nursery And Floriculture Production Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Nursery And Floriculture Production Global Market Report 2024, The nursery and floriculture production market size has grown rapidly in recent years. It will grow from $321 billion in 2023 to $353.26 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to growing demand for ornamental plants, landscaping in commercial spaces, seasonal celebrations, gifting culture, rising awareness of green spaces, economic growth..
The nursery and floriculture production market size is expected to see rapidly grown in the next few years. It will grow to $513.11 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to sustainable practices, e-commerce growth, customization in plant varieties, pharmaceutical and cosmetic uses, climate-resilient varieties, rise in urban agriculture.. Major trends in the forecast period include online sales platforms, sustainable and eco-friendly practices, native and unique plant varieties, integration of technology in production, urban gardening and small-space landscaping, customized and specialty plant products..
Surging commercial real estate construction is expected to propel the growth of the nursery and floriculture production market going forward. Commercial real estate (CRE) is a property that is used solely for business-related purposes or to offer a work area rather than a dwelling space, and it is leased to tenants to generate income. Decorative plants and flowers are utilized for landscaping and architectural applications in real estate construction to give a green and environment-friendly touch, which results in increased demand for nursery and floriculture production. For instance, in December 2022, according to the International Monetary Fund, a US-based international financial institution, commercial real estate prices increased by 4.84% in the first quarter of 2021, escalating to 13.99% in the first quarter of 2022. Therefore, the surge in real-estate construction will drive the nursery and floriculture production market.
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The nursery and floriculture production market covered in this report is segmented –
1) By Type: Trees, Shrubs, Flowers, Vegetable Seeds, Other Types
2) By Application: Household, Plant Garden, Plant Research Center, Commercial Greenery, Other Applications
3) By End User: Business-To-Business (B2B), Business-To-Consumer (B2C)
The pharmaceutical companies are increasingly investing in research and development to produce new oncology biosimilars. The companies are exploiting the growth potential of the rising biosimilar market by investing in their research and development (R&D) processes to support the research and production process of new biosimilars. For instance, in February 2021, Coherus and Junshi Biosciences announced a collaboration in which Coherus would in-license toripalimab, an anti-PD-1 antibody in the US and Canada. Coherus plan to build a leading immuno-oncology franchise using cash from its commercial biosimilar business.
The nursery and floriculture production market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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