Press release
Consumer Floriculture Market Astonishing Growth with Key Players : Flora Holland, Finlays, Syngenta Flowers, Dummen Orange, Washington Bulb, Select One, Karuturi, Four Seasons Quality, Flower International, Porta Nova, Arcadia Chrysanten, Wesselman Flower
Floriculture
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Increasing flower and plant purchase in key regions is expected to boost the market growth. For instance, according to Rabobank’s report on floriculture, 2017, Europe and North America’s flower and plant purchase is expected to increase by 20% by 2027 with a market capitalization of US$ 37 billion in the both regions.
Floriculture, or flower farming, is a division of horticulture concerned with the cultivation and management of flowering, ornamental, and foliage plants for gardens and floristry. Floriculture consists of entire spectrum that includes understanding and improving all aspects of bud and flower creation, grow-room requirements, budding & grafting, greenhouse needs, plant nutrition, irrigation, pest management, breeding new cultivars/strains, and marketing & selling for use as raw material in pharmaceutical and cosmetics & personal care industries.
Market Outlook:-
The consumer floriculture market in Asia Pacific is expected to witness growth at the highest CAGR from 2018 to 2026, owing to rapid urbanization and growing disposable income in the region. Governments in the region are focused on developing green walls, urban jungles, and new parks through urban renewal projects. According to United Nations’ World Urbanization Prospects 2018, growing world population could add another 2.5 billion people to urban areas by 2050, with close to 70% of this increase taking place in Asia Pacific.
Market Taxonomy:-
On the basis of Product type, the global consumer floriculture market is segmented into:
Cut Flowers
Bedding Plants
Potted Plants
House Plants
On the basis of application, the global consumer floriculture market is segmented into:
Personal Use
Gifts
Conference & Activities
Others
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