Industry Analysis & Industry Trends
The United Kingdom is one of the largest markets for flowers and plants in Europe. Flowers like roses, daffodils, tulips, chrysanthemums and lilies are popular at events such as weddings and funerals, as well as on occasions like Valentine's Day. Most flowers and plants are imported, with the Netherlands accounting for the vast majority of industry imports. During the past five years, demand for flowers and plants has wilted, due to their discretionary nature. Since 2008-09, a severe economic downturn has led people to reduce both the frequency of their purchases and their average spend on flowers and plants, particularly cut flowers and pot plants. As a result, industry revenue is estimated to grow at a compound annual rate of 2.3% over the five years through 2013-14 to £1.0... purchase to read more
Industry Report - Starting a New Business Chapter
New entrants to the Flower and Plant Growing industry face moderate barriers to entry. Inputs are readily available and the required knowledge and skills for plant and flower cultivation are relatively easy to acquire. New entrants with establishments close to wholesale markets and other selling points may boost their competitive advantage, mitigating the problem of product perishability.
However, several barriers to entry exist, such as the initial outlay of capital investment to purchase real estate. Operators require a large area of land to produce a quantity sufficient to yield a profitable return, which can be very expensive... purchase to read more