Flower & Nursery Stock Wholesaling in Canada - Industry Market Research Report

In bloom: Industry consolidation is likely to keep wholesale prices at similar levels and maintain profitability

The Flower and Nursery Stock Wholesaling industry in Canada primarily sells flowers, including cut flowers, potted plants and nursery stock, like grasses, shrubs, bushes and vines. The industry has continued to fare with increasing external competition that have produced a long-term structural decline. However, favourable economic conditions have led to growth in disposable income and expenditure in residential renovations, despite the COVID-19 pandemic, which have led to a temporary reversal of fortunes for wholesalers. These trends have boosted demand in downstream markets for discretionary goods, like flowers and nursery stock. Structural changes in the industry have also given room for wholesale price increases that have supported this expansion. As a result, revenue is forecast to rise at a CAGR of 0.9% to $891.9 million over the five years to 2023, although revenue will contract an estimated 2.2% during the current year.

Operators in this industry sell flowers, nursery stock and florist supplies. Distributors purchase flowers and nursery stock from farmers, and they also purchase florist supplies from various manufacturers. This industry does not grow flowers or plants, nor does it distribute Christmas trees, plant seeds or bulbs.

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's key players and their market shares.