Cut Flowers Market Size worth US$ 49,074.09 million by 2028 - Exclusive Research by The Insight Partners

The Insight Partners has added Latest Report on "Cut Flowers Market to 2028 - COVID-19 Impact and Global Analysis - by Flower Type (Rose, Carnation, Lilium, Chrysanthemum and Gerbera, and Others), Application (Home and Commercial), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Store/Florists, Online Retail, and Others)," the market was valued at US$ 34,347.23 million in 2019 and is projected to reach US$ 49,074.09 million by 2028; it is expected to grow at a CAGR of 4.3% during 2020-2028. The report highlights key driving factors and prominent market players along with their developments in the market.

Fresh cut flowers are used commonly for decoration such as vase arrangements and bouquets at formal events; designs for weddings and funerals; gifts on occasions such as in times of illness, or during holidays such as Christmas and Easter; corsages and boutonnieres; and informal displays to beautify homes and public places. They may be used in boutonnieres, corsages, wreaths, formal and informal displays, and similar ornamental articles. Interior designers and wedding planners make use of decorative flowers to enhance the beauty of their work. Beautiful flowers, with respect to the common perception which people possess, are often in more demand. Flowers like roses, sun flowers, and carnation are always in high demand in festivals. Companies such as Karen roses and Multiflora provide cut flowers for the purpose of decoration.

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Cut Flowers Market, by Flower Type

• Rose
• Carnation
• Lilium
• Chrysanthemum & Gerbera
• Others

Cut Flowers Market, by Application

• Home
• Commercial

The Prominent/Emerging Players in the Cut Flowers Market includes:

• Afriflora Sher
• Washington Bulb Co., Inc.
• Oserian
• Dümmen Orange
• The Queen's Flowers
• The Kariki Group
• Selecta one
• Karen Roses
• MultiFlora
• Rosebud Limited

The five main type of cut flowers available are rose, carnation, lilium, chrysanthemum, and gerbera. Cut flowers are the flower buds that have been cut from the plant and are ordinarily removed from the plant for decoration. The common uses of cut flowers are in vase displays, wreaths, and garlands. The cut flowers are harvested by several gardeners from domestic gardens. There is a notable floral industry for cut flowers in most countries.

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Cut Flowers are used for medicinal purpose due to the various health benefits associated with them. For instance, chrysanthemum has properties that help in reducing blood pressure and cure dizziness and insomnia. Pot marigold is used as a remedy for inflamed skin. It also prevents the spread of infection. Purple corn flower helps in stimulating the immune system, which improves the body's resistance against viral and bacterial infection. Lavender's aroma calms down the nervous system, reduces muscle tension, and works as an antiseptic.

The COVID-19 outbreak, which began in Wuhan, China, during December 2019, has spread across the globe. As of April 2021, the US, India, Brazil, Russia, the UK, France, Spain, Italy, Turkey, Germany, Colombia, and Argentina are among the worst affected countries in terms of confirmed cases and reported deaths. The outbreak has affected economies and industries due to lockdowns, travel bans, and business shutdowns imposed by governments.

Consumer goods, horticulture, and floriculture are among the world's major industries suffering serious disruptions in the form of supply chain breaks as a result of this pandemic. The transport bans in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the delivery schedules and sales of various goods.

Based on application, the cut flowers market is segmented into home and commercial. The commercial segment accounted for the largest share of the market in 2019. In commercial space, cut flowers are mainly used at wedding events, birthday events, funerals, commercial offices, hotels, industrial, and institutions. Flowers are a good source of plant medicine. Cut flowers are also being used majorly for corporate events.

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This release was published on openPR.