The floriculture Market was worth USD xx billion in 2021 and is projected to grow at a CAGR of xx%, to reach USD xx billion by 2026.
The study of growing flower-bearing plants and foliage is called floriculture also known as flower farming. It also includes cultivation of ornamental plants and 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 is very high in the past few years and is expected to sustain 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.
Floriculture Market Drivers:
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, lack of better-transporting facilities in developing regions and increasing demand for artificial flowers are restraining the market growth to an extent
REPORT METRIC |
DETAILS |
Market Size Available |
2020 – 2026 |
Base Year |
2020 |
Forecast Period |
2022 - 2027 |
CAGR |
xx% |
Segments Covered |
By Product Type, Application and Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
SyngentaFlowers,Karuturi,Rosebud,Beekenkamp,Queens Group,Dutch Flower Group,Washington Bulb,Finlays,Selecta One,Dümmen Orange and Others. |
Floriculture Market is segmented and sub-segmented into the following categories:
Cut flowers hold the largest market share. It is because cut flowers are convenient to handle for export purposes on a commercial scale. Demand for bedding plants is increasing as they are being widely used for temporary seasonal displays around houses and other areas.
Most of the flowers produced are used for personal use either for decorative purpose or gifting.
The Market is geographically divided into:
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. Latin America is the fastest-growing market for floriculture due to the ever growing flower trade in countries such as Colombia and Equador.
Key Players:
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