The Latest Horticulture Industry Statistics Explained
The global horticulture lighting market was valued at USD 2.92 billion in 2020
The statistic “The global horticulture lighting market was valued at USD 2.92 billion in 2020” represents the total monetary worth of the market for specialized lighting products used in horticulture, such as grow lights for indoor farming, greenhouse cultivation, and vertical farming. This value indicates the economic significance of horticulture lighting products in the global market in the year 2020. The market size of USD 2.92 billion suggests a substantial demand for these products, driven by factors such as increasing adoption of indoor and vertical farming practices, advancements in LED technology, and a growing emphasis on sustainable agricultural practices. This statistic serves as a crucial indicator for stakeholders, investors, and policymakers in understanding the scope and potential growth opportunities within the global horticulture lighting industry.
The horticulture market is anticipated to grow at a CAGR of 9.44% from 2021 to 2026
The statistic states that the horticulture market is expected to experience a Compound Annual Growth Rate (CAGR) of 9.44% from the year 2021 to 2026. This means that on average, the annual growth rate of the market is projected to be 9.44% over the five-year period. A CAGR provides a smoothed annual growth rate that helps to reflect the overall growth trend over a specific time frame, giving an indication of the market’s steady or consistent growth potential. In this case, the horticulture market is forecasted to expand at a significant rate, suggesting favorable market conditions and increasing demand for horticultural products and services during the specified period.
The U.S. horticulture industry comprised over 23,221 businesses in 2020
The statistic states that in the year 2020, the horticulture industry in the United States was made up of more than 23,221 individual businesses. This indicates a significant presence of companies involved in activities related to plant cultivation, landscaping, gardening, and other aspects of horticulture within the country’s economy. The large number of businesses in this sector suggests a strong level of interest and participation in horticulture-related activities, which can have implications for employment opportunities, economic growth, and overall contribution to the agricultural industry.
The horticulture industry is expected to add about 29,360 jobs in the U.S. by 2025
The statistic stating that the horticulture industry is expected to add about 29,360 jobs in the U.S. by 2025 indicates a positive trend of job growth within this specific sector. This projection suggests that employment opportunities in horticulture-related fields, such as landscaping, garden center operations, plant and flower cultivation, and related positions, are anticipated to increase significantly over the coming years. Factors driving this growth could include increasing consumer demand for sustainable and locally-produced plants, as well as the continued expansion of urban green spaces and landscaping projects. The forecasted job additions imply potential economic benefits for both job seekers and the industry as a whole, highlighting the importance of horticulture in contributing to employment opportunities and economic growth in the U.S.
The U.S. horticulture industry generated $13.8 billion in 2019
The statistic “The U.S. horticulture industry generated $13.8 billion in 2019” indicates the total revenue generated by the horticulture sector in the United States during the year 2019. This encompasses various segments of the industry, including the production, sale, and distribution of plants, flowers, fruits, vegetables, and other horticultural products. The $13.8 billion figure highlights the economic significance and scale of the horticulture industry within the United States, reflecting the demand for horticultural products and services in the country during that particular year. This statistic serves as a key indicator of the industry’s contribution to the overall economy and its importance in providing employment opportunities, promoting environmental sustainability, and meeting consumer needs for plant-related products.
California leads the U.S. in horticulture sales with $2.5 billion in 2019
The statistic “California leads the U.S. in horticulture sales with $2.5 billion in 2019” indicates that California generated the highest revenue from horticulture sales out of all the states in the United States in the year 2019. This showcases California’s strong presence and success in the horticulture industry, encompassing the cultivation and sale of plants, flowers, fruits, vegetables, and other similar products. The significant sales figures of $2.5 billion highlight the economic importance and impact of horticulture within California’s agricultural sector, illustrating the state’s contribution to the national horticulture market.
The European horticulture market is expected to register a CAGR of 4.5% during 2020 – 2026
This statistic indicates that the European horticulture market is projected to experience a Compound Annual Growth Rate (CAGR) of 4.5% between the years 2020 and 2026. A CAGR of 4.5% suggests that the market is anticipated to grow steadily over this period. This growth rate provides insights into the expected expansion of the horticulture market in Europe, indicating a positive trend in terms of revenue, production, and demand for horticultural products and services. It suggests potential opportunities for businesses operating within this market to capitalize on the growing demand and to strategically plan for future growth and development.
Netherlands is the largest exporter of horticulture products, valued at Euro 9.25 billion in 2020
The statistic that the Netherlands is the largest exporter of horticulture products, valued at Euro 9.25 billion in 2020, highlights the significant contribution of the Dutch horticulture industry to the global market. This statistic underscores the country’s strength in producing and exporting a wide range of horticulture products such as flowers, vegetables, and plants. The substantial value of Euro 9.25 billion emphasizes the economic importance of the horticulture sector in the Netherlands and its strong position as a leading player in the international market. This statistic not only showcases the country’s expertise in horticulture production but also its efficient distribution networks and trade relations that have enabled it to achieve such high export volumes.
The global horticulture industry is projected to reach $369.4 billion by 2027
The statistic indicates that the global horticulture industry is expected to experience significant growth and reach a total market value of $369.4 billion by the year 2027. This projection suggests a positive trend in the horticulture industry, encompassing the production and sale of fruits, vegetables, flowers, and ornamental plants worldwide. Factors contributing to this growth could include increasing demand for fresh produce, advancements in technology and sustainable practices within the industry, as well as expanding market opportunities in both developed and developing countries. This statistic highlights the potential for continued expansion and innovation within the horticulture sector over the coming years.
Floriculture accounts for 65% of the total turnover in horticulture in the Netherlands
The statistic that floriculture accounts for 65% of the total turnover in horticulture in the Netherlands indicates the significant economic importance of flowers and plants within the broader horticultural industry of the country. This suggests that the production and sale of flowers and ornamental plants are the main drivers of revenue within the horticultural sector, outpacing other categories such as fruits, vegetables, and nursery products. This statistic highlights the strong market demand for Dutch floriculture products both domestically and internationally and underscores the Netherlands’ reputation as a major player in the global floral industry.
In Australia, the horticulture industry is valued at $11.2 billion in 2020
The statistic “In Australia, the horticulture industry is valued at $11.2 billion in 2020” indicates the total economic worth of the horticulture sector within the country for the year 2020. This value represents the monetary value of all goods and services produced within the horticulture industry, including fruits, vegetables, nuts, and ornamental plants. The $11.2 billion figure reflects the revenue generated by horticulture businesses, encompassing both domestic consumption and export activities. This statistic is crucial for understanding the contribution of the horticulture industry to the Australian economy and provides insight into the sector’s significance in terms of employment, production, and overall economic impact.
Poland accounted for 25% of the total fruit area in the European Union in 2020
This statistic indicates that in 2020, Poland had a significant proportion of total fruit cultivation within the European Union, with 25% of the total fruit area being accounted for by Poland alone. This suggests that Poland plays a prominent role in fruit production within the EU region. A high share of fruit cultivation in Poland could be attributed to various factors such as favorable climate conditions, suitable agricultural practices, and a robust infrastructure for fruit farming. This statistic highlights Poland’s importance in the European fruit market and its contribution to meeting the demand for fresh fruits within the EU.
The value of exported horticulture products from Kenya increased by 33% in 2020
The statistic indicates that in 2020, the total value of horticulture products exported from Kenya increased by 33% compared to the previous year. This substantial growth suggests a significant expansion in the horticulture industry within Kenya, potentially driven by factors such as increased demand for fresh produce, improved cultivation practices, or a rise in international trade relationships. The 33% increase signifies a considerable boost in the economic contribution of horticulture exports to Kenya’s overall trade revenue, highlighting the sector’s importance in the country’s economy and its potential for continued growth and development in the future.
Over 5600 hectares of land is used for horticulture in New Zealand in 2020
The statistic ‘Over 5600 hectares of land is used for horticulture in New Zealand in 2020’ indicates the extent of land dedicated to horticultural activities in New Zealand during the year 2020. Horticulture involves the cultivation of fruits, vegetables, flowers, and ornamental plants for commercial purposes. The figure of over 5600 hectares highlights the significant amount of land utilized for horticultural production in the country, showcasing the importance of this sector in the agricultural industry. This statistic not only demonstrates the scale of horticultural operations in New Zealand but also underlines the economic and environmental contributions of the sector to the national economy and food system.
The Chinese horticulture market is anticipated to grow by 3.9% CAGR during 2021-2026
This statistic indicates that the Chinese horticulture market is expected to experience a Compound Annual Growth Rate (CAGR) of 3.9% over the period from 2021 to 2026. This implies that the market is projected to expand steadily at an average annual rate of 3.9% during this five-year span. The CAGR metric provides a smooth representation of the market’s growth rate over time, helping to highlight the overall trend and direction of the market expansion. This forecast suggests that the Chinese horticulture market is likely to see incremental growth and opportunities for businesses operating within this sector over the specified period.
Conclusion
The horticulture industry continues to be a vital sector with steady growth and promising opportunities for businesses and professionals. By analyzing the latest statistics and trends, it is evident that horticulture plays a crucial role in food production, landscaping, environmental conservation, and economic development. As the industry evolves and embraces technology and sustainable practices, there is great potential for expansion and innovation in the years to come.
References
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