Nursery & Garden Stores in the US - Industry Market Research Report

Nursery & Garden Stores in the US - Industry Market Research Report
Nursery & Garden Stores in the US

Nursery and garden stores have experienced flourishing revenue growth. Rising per capita disposable income and increased private spending on home improvements have helped industry revenue. Also, individuals aged 35 and younger have expressed increased interest and demand for small plants, like succulents, to enhance the aesthetic of their living spaces. Strong interest in gardening has led industry-wide revenue to increase at a CAGR of 1.8% over the past five years, and is expected to reach $48.7 billion in 2023 despite a projected 3.1% decrease over the year. In 2023, profit is expected to drop to 3.9%.

The industry primarily retails a broad range of nursery and garden products, including trees, shrubs, plants, seeds, bulbs and sod, to households and the farming community. This industry also includes stores that retail farm supplies like animal feed (excluding pet food). The growing and retailing of nursery stock are included in the Plant and Flower Growing industry (IBISWorld report 11142).

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.