NAICS 1114 - Greenhouse, Nursery, and Floriculture Production
This industry group comprises establishments primarily engaged in growing crops of any kind under cover and/or growing nursery stock and flowers. "Under cover" is generally defined as greenhouses, cold frames, cloth houses, and lath houses. The crops grown are removed at various stages of maturity and have annual and perennial life cycles. The nursery stock includes short rotation woody crops that have growth cycles of 10 years or less.
Industry trends:
The Greenhouse, Nursery, and Floriculture Production industry (NAICS 1114) is experiencing several notable qualitative trends. Sustainability practices have become paramount, with businesses increasingly adopting eco-friendly techniques such as water recycling, organic fertilizers, and energy-efficient greenhouse operations. Consumer demand is shifting towards locally sourced and organically grown plants, driven by growing environmental awareness.
Technological advancements play a significant role, with the integration of automation and smart technologies enhancing productivity and efficiency. Drones and sensors are being utilized for precise monitoring of crop health and environmental conditions, thus enabling better resource management.
Another emerging trend is the increasing popularity of indoor and urban gardening. As urban spaces grow and living areas become smaller, there is a rising interest in vertical gardening, hydroponics, and other space-efficient cultivation methods. This trend aligns with the consumers’ desire for fresh, home-grown produce and ornamental plants, even in confined urban environments.
Looking towards the near future, the industry is expected to see continued growth driven by the aforementioned trends. However, challenges such as labor shortages and climate change impacts will necessitate ongoing innovation and adaptation. Companies that invest in sustainable and technological advancements, and cater to changing consumer preferences, are likely to thrive.
This industry is comprised of:
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- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
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