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Floriculture Market Growth 2018-2025 |Key Players The Kariki Group, Dummen Orange, Syngenta Flowers. Inc., Karuturi Global Limited
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Major factors propelling growth of the global floriculture market include steadily developing plant biotechnology including genome sequencing, which results in increased yield and development of genetically modified flowering plants. For instance, Suntroy Flowers Ltd., a company based in Japan, developed the world’s first blue rose with 100% blue-pigmented petals.
Furthermore, owing to adoption of novel technologies and more precise management in commercial floriculture, profit of floriculture products per unit area is higher as compared to other agriculture products. Thereby, the higher profitability, is considered as another factor, leading to growth of the global floriculture market.
Major players operating in the global floriculture market include The Kariki Group, Dummen Orange, Syngenta Flowers. Inc., Karuturi Global Limited, Oserian Development Company Limited, Selecta Klemm GmbH & Co. KG, Carzan Flowers K Ltd., Ruparelia Group, Multiflora Ltd., and Karen Roses. Mergers and acquisitions, strategic collaborations, and new product launches are the key strategies adopted by these players, in order to retain their market share.
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