Tree & Shrub Farming in the US - Industry Market Research Report

Tree & Shrub Farming in the US - Industry Market Research Report

Tree & Shrub Farming in the US

The Tree and Shrub Farming industry consists of operators that grow trees and shrubs as nursery plants. Typically, operators in this industry own their own retail stores as well. In recent years, the industry has endured mixed results amid volatile agricultural prices and rising import penetration. Consequently, industry revenue has increased at an expected CAGR of 1.1% to reach an estimated $8.1 billion in 2023. Moreover, COVID-19 resulted in greater per capita disposable income, housing starts and spending on home improvements, bolstering demand for industry products and resulting in revenue rising 8.5% in 2020 alone. In 2023, revenue is anticipated to decline 4.1% amid a deterioration of the residential housing market.

The Tree and Shrub Farming industry includes operators that grow nursery plants, such as trees and shrubs resale. Operators in this industry typically own and operate their own retail stores as well.

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.