The Asia Pacific floriculture market was valued at USD 12.94 billion in 2023 and is anticipated to reach USD 14.03 billion in 2024 from USD 21.05 billion by 2032, growing at a CAGR of 8.43% from 2024 to 2032.
The study of growing flower-bearing plants and foliage is called floriculture, also known as flower farming. It also includes the cultivation of ornamental plants and the production of seeds, grafting, buddings, cuttings, and other planting materials. It is the complete development of flowers and ornamentals from seeds to the point of sale.
The demand for flowers has been very high in the past few years and is expected to be sustained in the forecast period as well. Technological advances in biotechnology and genome sequencing in plants has resulted in the development of new hybrid varieties of flowering plants and also increased the yield. Floriculture is transforming into a lucrative business due to its high growth potential.
Developments in horticulture practices and greenhouse technology, advances in biotechnology and its applications on plants and rapidly growing commercial flower trade in developing countries are driving the market growth. However, the lack of better transport facilities in developing regions and the increasing demand for artificial flowers are restraining the market growth to an extent.
Asia Pacific leads the floriculture market. It is due to the presence of the largest flower-producing countries such as China and India. Also, Japan is one of the largest flower consumers in the world.
Some of the major players in the Floriculture market are Syngenta Flowers, Karuturi, Rosebud, Beekenkamp, Queens Group, Dutch Flower Group, Washington Bulb, Finlays, Selecta One, and Dümmen Orange.
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