Floriculture Market Is Booming Worldwide with Top key players - The Kariki Group, Dummen Orange, Syngenta Flowers. Inc., Karuturi Global Limited, Oserian Development Company Limited, Selecta Klemm GmbH & Co. KG

Floriculture is a branch of horticulture, which includes the cultivation of ornamental plants and flowering plants for gardens, nurseries, and greenhouses. It also include production of flowering plants through seeds, budding, cutting, and grafting. The crops in floriculture market majorly comprises herbaceous plants, which have no persistent woody stem above the ground. Floriculture crop products are used as raw materials in manufacturing of cosmetics, perfumes, and are also used in the pharmaceutical industry.

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Market Outlook

Asia Pacific is projected to record a significant growth in the global floriculture market during the forecast period. This is attributed to presence of largest flower producing countries such as India and China in the region. Owing to growing demand for flowers, floriculture in India is emerging as an important commercial trade in agriculture. According to the Agriculture & Processed Food Products Export Development Authority (APEDA), in India, around 248.51 thousand hectares area was reported as under cultivation in floriculture during 2014-2015 and the production of flowers was estimated to be 472 thousand tons cut flowers and 1,658 thousand tons loose flowers during 2014-2015 in India. Furthermore, Indian floriculture industry is shifting from traditional flowers to cut flowers, in order to support growth of their export business. For instance, according to the Ministry of Agriculture & Farmers Welfare, India had produced 0.69 million metric tons of cut flowers during 2015-2016 and according to the APEDA, during 2016-2017, countries including Germany, the U.S., the U.K., and United Arab Emirates were major importers of the Indian floriculture.

In Europe, Netherlands is the largest producer and exporter of the floriculture products. According to the data provided by the USDA Foreign Agricultural Service in 2016, Netherland was reported as the dominant exporter of the floriculture products including cut flowers and bulbs, and in 2015, the total export of the country for floriculture products was reported as over 9 billion, out of which, 1 billion corresponds to bulbs only, according to USDA. Tulip dominated the bulbs export of Netherlands in 2015, among hyacinth, narcissi, and gladioli bulbs. Furthermore, growing demand for cut flowers and higher imports in Germany and other European Union countries such as France, is driving the growth of floriculture market in the region. For instance, according to the European Union, the total imports of cut flowers and cut foliage in EU was reported as 294.24 Kilo tons in 2013. Moreover, cut flowers and cut foliage segment dominated the total imports of floriculture products in EU with 78.3% in 2014, among potted plants (15.6%) and bulbs and corms (4%), according to the European Union.
Key Players and Business Strategies

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. For instance, in 2017, Syngenta Flowers. Inc. had launched two new flower series including Sunfinity Sunflower and Obsession Cascade Verbena. The sunflower from Syngenta, under the brand name Sunfinity, offers multiple branches and more flowers with an average of 50 blooms per plant in all season.

Market Taxonomy

Based on the product type, the floriculture market is segmented into:

Cut Flowers
Pod Plants
Cut foliage
Bedding Plants
Others (Bulbs and corms)

Based on the application, the floriculture market is segmented into:

Decoration
Cosmetics
Perfumes
Pharmaceuticals
Others

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This release was published on openPR.