Floriculture Market Will Grow at a Healthy 5.7% Value CAGR During the Period 2019-2027 | The Kariki Group, Dummen Orange, Syngenta Flowers. Inc

Floriculture is a type of horticulture that involves the cultivation of flowering and ornamental plants for use in a variety of applications such as decoration and as a raw material in the personal care and cosmetics and pharmaceutical industries. Floriculture can be defined as the art and knowledge of growing flowers to perfection. Over 140 countries are involved in commercial floriculture around the world.The market is expected to grow significantly over the forecast period, owing to rising demand for flowers from various end-use industries such as personal care and pharmaceutical, as well as the growth of these industries.

The global floriculture market is expected to reach US$ 70.85 billion by 2027, growing at a CAGR of 5.7 percent during the forecast period (2019-2027).

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Companies Covered as 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...
 
The recent increase in consumer preference for beauty and personal care products and cosmetics is a result of rising consumer awareness about personal grooming, which is expected to increase demand for perfumes. According to the International Trade Administration (ITA), U.S. Department of Commerce, the beauty and personal care (BPC) industry in India was valued at US$ 8 billion in 2016 and is expected to grow at a CAGR of approximately 6.0 percent from 2016 to 2021. As a result of increased perfume and fragrance manufacturing, demand for cut flowers is expected to rise during the forecast period.
  
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The floriculture market is divided into decoration and industrial segments based on application. Floriculture is used in the industrial sectors of cosmetics, perfumes, and pharmaceuticals. In 2018, the decoration segment dominated the global floriculture market, accounting for 75.4 percent of revenue.

Among regions, Europe dominated the global floriculture market in 2018, accounting for 40.3 percent of revenue. Factors such as increased production of cut flowers, plants, and pot plants in the region are expected to be major drivers of the Europe floriculture market in the near future.

In terms of product type, the bedding plants segment accounted for more than 28.7 percent of the global floriculture market's revenue share in 2018. Bedding plants are used to decorate the outdoors in gardens or as hanging plants. According to the USDA's National Agricultural Statistics Service's 'Floriculture Crops 2018 Summary,' published in May 2019, the wholesale value of all bedding and garden plants in the United States in 2018 was US$ 2.16 billion, a 17 percent increase from 2015. In 2018, the bedding and garden plant category accounted for 47 percent of the wholesale value of all crops reported in the United States.
 
𝗖𝗵𝗿𝗶𝘀𝘁𝗺𝗮𝘀 𝘀𝗮𝗹𝗲 𝗶𝘀 𝗹𝗶𝘃𝗲!
𝒈𝒆𝒕 𝒆𝒙𝒄𝒍𝒖𝒔𝒊𝒗𝒆 𝒄𝒉𝒓𝒊𝒔𝒕𝒎𝒂𝒔 𝒅𝒊𝒔𝒄𝒐𝒖𝒏𝒕 𝒐𝒇 𝟮𝟱-𝟯𝟬 % 𝒕𝒊𝒍𝒍 𝟯𝟭 𝒅𝒆𝒄 𝟮𝟬𝟮𝟭
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The following are the study's key features:

• This report provides an in-depth analysis of the global floriculture market, including market size (US$ Bn) and compound annual growth rate (CAGR percent) for the forecast period (2019–2027), with 2018 serving as the base year.
• It explains attractive investment proposition matrices for this market and elucidates potential revenue opportunities across various segments.
• This study also provides key insights into market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and key players' competitive strategy.
• It profiles key players in the global floriculture market using the following criteria: company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans.

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