Latest Trends,Manufacturers Shares, And Dynamics Of Floriculture Market

Global floriculture market was valued at US$ 67.3 billion in 2017 and is expected to register a CAGR of 5.0%.The global floriculture market is segmented on the basis of type, end use, and region.

Manufacturers in developing economies cultivates high quality flowers and exports them to the developed economies such as Europe, US, and Japan. Exports for floriculture products have increased significantly owing to favorable climactic conditions, rich biodiversity, low labor costs, favorable government support which is expected to drive the growth of the market over the forecast period.

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Floriculture products especially cut flowers are transported by air since flowers are highly perishable by nature, an appropriate temperature control measures are required during the transit. Floriculture products requires cold stores and pre-cooling facilities.

Among the regions, the market in Europe is estimated to account for major revenue share of over 30% in the global floriculture market in 2017, and is estimated to continue its dominance over the forecast period.

In North America market, the market in the US accounted for highest revenue share for floriculture market in 2016, and is expected to continue its dominance over the forecast period.

The US, California, Michigan, Florida, North Carolina and Ohio are major producer of floral products. The number of producers in 2015 grew by 5% i.e. 5,913 when compared to 2014 which had 5,606 producers.

The market in Latin America is accounted for around 6% share in the global floriculture market in terms of revenue.

The market in Middle East & Africa accounted for around 3% share in the global market in terms of revenue. This can be attributed to, Ethiopia being the second largest producer of flowers after Kenya, owing to the favourable climatic especially for roses, rich biodiversity.

Key players operating in the Global Floriculture market includes Dümmen Orange, Karuturi Global Limited, Carzan Flowers Kenya Ltd., Oserian, Karen Roses, Harvest Flowers Kenya,

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