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Consumer Floriculture Market New Business Opportunities and Investment Research Report 2018-2026
ConsumerFloriculture
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Market Dynamics:-
Major factor boosting growth of the consumer floriculture market is increasing awareness among people for greenery in developing nations. Increasing health awareness and preference for fresh surroundings, growing urbanization, rising disposable income, and regulatory efforts to mitigate pollution are some of the prime factors propelling growth of the global consumer floriculture market over the forecast period. According to United Nations’ World Urbanization Prospects 2018, 55% of world population lives in urban area, which is expected to increase by 68% in 2050. Awareness for greenery among all age group in urban regions is expected to drive growth of the market.
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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