Latin America Floriculture Market

Latin America Floriculture Market Size, Growth, Trends and Forecast:

Latin America 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 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 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.

Drivers and Restraints of Latin America Floriculture Market:

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-transporting facilities in developing regions and increasing demand for artificial flowers are restraining the market growth to an extent.

Latin America Floriculture Market Segmentation:

Latin America Floriculture Market - By Product Type:

• Cut Flowers
• Foilage Plants
• Potted Plants
• Bedding Plants
• Others

Latin America Floriculture Market - By Application:

• Personal Use
• Cosmetics
• Pharmaceuticals
• Others

Geographical Analysis:

On the basis of region, the Latin America Floriculture market is segmented into

• Brazil
• Argentina
• Mexico

Latin America is the fastest-growing market for floriculture. It is due to the ever growing flower trade in countries such as Colombia and Equador. Colombia is the largest flower exporting country in Latin America region.

Key Players:

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.