Cut Flower Packaging Market is Set to Expand at a CAGR of 4.8% during 2018-2027
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Increasing demand for flowers is one of the factors propelling the cut flower packaging market to rise at 4.8% CAGR in between 2018 and 2027. As per the report given by Transparency Market Research, the worth of the cut flower packaging market was estimated US$ 2.1 bn in 2018.
E-commerce is a major element influencing the expansion of the global cut flower packaging market, and the credit goes to digitalization wave across the globe. People tend to buy or gift through online stores. There are online vendors who are facilitating doorstep delivery of flowers without any hassle. To deliver fresh flowers to doorstep, the vendors need to pack it properly so that there is no spoilage. This is propelling the demand of better cut flower packaging in market. Modified atmospheric (MAP) boxes are used for cut flower packaging in such cases. It ensures moisture for longer duration, hence reduces waste of cut flowers because of spoilage.
The demand hikes at the time of valentine's, festive season, mother's day, and other similar occasion. Cut flower packaging demand also increases simultaneously in this season. Also, manufacturers have started focussing on customized textures and prints as meeting the requirements of the occasion. This is one of the factors helping in widening the horizon of cut flower packaging market.
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Florists and retail vendors are trying to come up with innovative wrapping style to provide aesthetic appeal to cut flower packaging. Jute-based burlaps are gaining much attention in the cut packaging market. Sleeves segment has come out as one attractive packaging type.
Shift in Major Producers of Cut Flowers is Enhancing Demand for Advanced Packaging Solution
Earlier, Europe was the major producer of cut flower but lately a shift has been observed in the paradigm. Owing to the favourable weather conditions and cheap labour, lately, Africa is emerging as a major producer of cut flowers. The shift in production dynamics has out-turned shift in the demand of cut packaging demand as well. There is surge in the demand for advanced cut packaging pattern, which is anticipated to boost the cut flower packaging market.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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