Growing pains: Import competition will hurt growth, but GM plants may benefit farms
Despite improvements in the overall economy, the rising value and volume of imports will continue to hamper industry growth. South American countries will remain the largest sources of imported flowers, causing overall demand for domestic plants to suffer and increasing price competition. In light of this trend, the industry’s profit margins will diminish, but operators may be able to take advantage of genetic modification, resulting in greater production.
Establishments in this industry primarily 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.
ABOUT THIS INDUSTRY
INDUSTRY AT A GLANCE
PRODUCTS & MARKETS
JARGON & GLOSSARY