Floriculture Market Size, Growth, Demand, Opportunities & Forecast To 2027

Floriculture is a branch of horticulture associated with the cultivation of flowering and ornamental plants to be utilized in various applications such as decoration and as raw material in personal care & cosmetics and pharmaceutical industry. In simple terms, floriculture can be defined as art and knowledge of growing flowers with perfection. Over 140 countries are involved in the field of commercial floriculture across the globe.

Global Floriculture market is projected to record substantial growth over the forecast period, owing to growth of cosmetics & personal care industry coupled with increasing awareness regarding medicinal properties of flowers. Apart from being used for decoration and perfumery purposes, they are also used as a medicine due to various health benefits associated with them. For instance, chrysanthemum has properties that help in reducing blood pressure and cure dizziness and insomnia.

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Based on application, floriculture market is bifurcated into decoration and industrial segments. In industrial segment, floriculture finds its application in cosmetics, perfumes, and pharmaceutical industry. In 2018, decoration segment held dominant position in the global floriculture market and contributed 75.4%, in terms of revenue.

Among regions, in 2018, Europe held dominant position in the global floriculture market and contributed revenue share of 40.3%. Factors such as increasing production of cut flowers plants and pot plants in the region is predicted to major driver for the growth of Europe floriculture market in the near future.

Detailed Segmentation:

Global Floriculture Market, By Product Type:
Cut Flowers
Pot Plants
Cut Foliage
Bedding Plants
Others

Global Floriculture Market, By Application:
Decoration
Industrial

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Key companies covered as a part of this study include, The Kariki Group, Dummen Orange, Syngenta Flowers. Inc., Karuturi Global Limited, Oserian Development Company Limited, Selecta Klemm GmbH & Co. KG., Marginpar BV, Ruparelia Group, Multiflora Ltd., and Karen Roses

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