The Latest Home Gardening Industry Statistics Explained
The global home gardening market size was valued at USD 47.2 Billion in 2018.
The statistic states that the global home gardening market was worth USD 47.2 billion in 2018, indicating the total value of goods and services related to home gardening that were bought and sold internationally during that year. This figure reflects the significant economic scale of the home gardening industry, encompassing a wide range of products such as seeds, plants, gardening tools, and accessories. The market size suggests that home gardening is a popular and thriving sector with a large consumer base interested in growing and maintaining plants at home. This statistic highlights the economic importance and growth potential of the global home gardening market.
About 60% of global online sales in the garden market segment were generated in the United States in 2020.
The statistic indicates that in 2020, the United States accounted for a substantial portion of global online sales within the garden market segment, specifically around 60%. This suggests that the U.S. was a significant player in driving online sales within this specific industry on a global scale. The high percentage highlights the important role that the U.S. market played in driving revenue and growth within the garden market segment. This data underscores the strong consumer demand for garden-related products in the U.S. and emphasizes the country’s dominance in this particular market sector compared to other regions globally.
The U.S online horticulture sales are expected to show an annual growth rate of 8.9% by 2024.
The statistic regarding the U.S online horticulture sales with an expected annual growth rate of 8.9% by 2024 indicates a positive trend in the online horticultural industry. This growth rate suggests that the demand for horticulture products such as plants, flowers, and gardening supplies purchased online is projected to increase significantly over the coming years. Factors contributing to this growth may include increasing consumer preference for online shopping convenience, broader availability of products online, and the proliferation of e-commerce platforms. Businesses operating in the online horticulture sector should take advantage of this expected growth by developing strategies to capitalize on the expanding market opportunities and meet the evolving needs of online consumers.
The average amount consumers spent on gardening and outdoor living in the last 12 months in the US is $503.
This statistic indicates that, on average, consumers in the United States spent $503 on gardening and outdoor living activities in the past year. This amount serves as a measure of the general level of expenditure in this particular sector, providing valuable insight into consumer behavior and preferences related to outdoor leisure and gardening activities. Understanding the average amount spent by consumers can help businesses in the gardening and outdoor living industry make informed decisions regarding product offerings, marketing strategies, and pricing strategies to better cater to consumer needs and maximize revenue opportunities.
Approximately 30% of all households grow some combination of vegetables, fruit, herbs, or berries.
The statistic stating that approximately 30% of all households grow some combination of vegetables, fruit, herbs, or berries suggests a significant portion of households engage in home gardening activities. This statistic highlights the popularity and prevalence of home gardening practices within communities, indicating a strong interest and commitment to producing fresh and organic produce. It signifies a growing trend towards sustainability, self-sufficiency, and healthier food choices among households. Additionally, the diversity of plants mentioned – vegetables, fruit, herbs, and berries – showcases the wide range of edible plants that people are interested in cultivating, demonstrating a desire for variety and nutritional benefits from home-grown sources.
The lawn and garden consumables market is expected to cross $25.96 billion by 2024.
This statistic indicates that the lawn and garden consumables market is projected to surpass a total value of $25.96 billion by the year 2024. This suggests a strong expected growth trajectory for the industry, potentially driven by factors such as increased consumer spending on home and outdoor products, growing interest in gardening and landscaping activities, and advancements in product offerings and technology. The projected market value serves as an important indicator of the sector’s economic significance and potential opportunities for businesses operating within the lawn and garden consumables market.
The U.S. home improvement industry is expected to reach $680 billion by 2025.
This statistic indicates that the home improvement industry in the United States is projected to experience significant growth over the next few years and is expected to reach a market value of $680 billion by 2025. This growth can be attributed to various factors such as increasing disposable income, rising property values prompting homeowners to invest in renovations and upgrades, and a strong housing market driving demand for construction and remodeling services. The projected increase in the market value of the home improvement industry suggests a robust and thriving sector that is likely to attract investments and opportunities for businesses operating within this space.
The gardening tools market registered a CAGR of 4.8% over the forecast period of 2020 – 2025.
The statistic indicates that the gardening tools market experienced a Compound Annual Growth Rate (CAGR) of 4.8% over the five-year forecast period from 2020 to 2025. This growth rate represents the average annual rate of growth for the market during this period. A CAGR of 4.8% suggests that the market consistently expanded over the five years, with steady growth each year. This information is valuable for industry stakeholders, as it provides insights into the overall positive trend in the gardening tools market and can be used for forecasting and strategic decision-making purposes.
The US garden plants segment generated a revenue of over $50 billion in 2020.
The statistic “The US garden plants segment generated a revenue of over $50 billion in 2020” indicates that the market for garden plants in the United States was significantly large and profitable during that year. This figure represents the total amount of money generated from the sale of garden plants such as flowers, trees, shrubs, and other horticultural products. The robust revenue of over $50 billion suggests a strong demand for garden plants among consumers, possibly driven by factors such as increased interest in gardening, landscaping, and outdoor living. This statistic highlights the economic importance and scale of the gardening industry in the US, underscoring its significance as a major sector contributing to the overall economy.
References
0. – https://www.www.grandviewresearch.com
1. – https://www.www.bizjournals.com
2. – https://www.www.statista.com
3. – https://www.www.mordorintelligence.com
4. – https://www.pitchengine.com
5. – https://www.www.arizton.com
6. – https://www.www.nielsen.com
