Plant and Flower Growing in Canada Industry Market Research Report Now Available from IBISWorld

The market for plants and flowers will decline as consumers lead fast-paced lifestyles. For this reason, industry research firm IBISWorld has added a report on the Plant and Flower Growing industry to its growing industry report collection.

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Demand from export markets has fallen significantly, pushing revenue downward

New York, NY (PRWEB) May 06, 2014

The Plant and Flower Growing industry has come on tough times in the past five years. Its traditional products like cut flowers, potted flowers, garden plants and sod have experienced a decline in popularity as gardening as a pastime becomes less common and more consumers transition to busier, urban lifestyles. Production of most of the industry's staple products is down with market contraction. As a result, Plant and Flower Growing industry revenue has declined 1.8% per year on average to $1.8 billion in the five years to 2014.

International trade conditions have been especially detrimental to industry operators. In the past five years, the Canadian dollar has appreciated, making Canadian products more expensive on the global market. As a result, demand from export markets has fallen significantly in the past five years, pushing revenue further downward. Exports have fallen an annualized 2.7% to $290.0 million in the five years to 2014. In addition, increasing import penetration has further pushed out domestic producers. According to IBISWorld Industry Analyst Antal Neville, “As an emerging economy with low-cost labour, Colombia has significantly increased its flower production in the past five years, becoming a major supplier to both the US and Canadian markets.” As these flowers continue to undercut industry prices, imports continue to gain a larger share of the declining market. This import competition will contribute to the 1.7% decline in revenue in 2014.

The next five years promise much of the same trends. “The domestic market for plants and flowers is expected to continue declining as consumers lead more fast-paced lifestyles and have less time for gardening,” says Neville. Nevertheless, the market for cut flowers that sell for a premium will partially sustain the industry as these become staple gifts for holidays and birthdays. As a result, IBISWorld forecasts that industry revenue will fall in the five years to 2019.

For more information, visit IBISWorld’s Plant and Flower Growing in Canada industry report page.

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IBISWorld industry Report Key Topics

The Plant and Flower Growing industry grows nursery and floriculture products, such as shrubbery, cut flowers, ornamental plants and short rotation woody crops, such as Christmas trees. These plants may be grown under cover or in an open field.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US and Canadian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.


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    IBISWorld 2
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