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Flower And Ornamental Plant Market Latest Developments, Rising Trends, Segments And Prominent Key Player Analysis - Sakata Seed, Ball Horticultural Company, Beekenkamp, Afriflora
Flower And Ornamental Plant Market
Flower And Ornamental Plant Market Size, Growth Rate, And Forecast
The global flower and ornamental plant market size grew from $40.25 billion in 2022 to $43.91 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The flower and ornamental plant market size is expected to grow to $61.51 billion in 2027 at a CAGR of 8.8%.
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Flower And Ornamental Plant Market Drivers
The rising demand for indoor plants and flowers in the residential sector is expected to propel the growth of the flower and ornamental plant market going forward. Indoor flowers and plants refer to plants that are grown indoors in places such as residences and offices. Ornamental plants can be grown indoors year-round as warm-weather plants. Indoor plants have many advantages, such as reducing stress and boosting creativity, productivity, and focus. These plants can be kept indoors as long as they get plenty of sunlight. For instance, according to the Times of India, an Indian daily newspaper, in August 2020, there was an increase in online sales of Indoor plants. In pandemic times, there are 1000 to 1300 orders of indoor plants per day. Also, the demand for the sale of plants grows by 30%. Therefore, the rising demand for indoor plants and flowers in the residential sector is driving the growth of the flower and ornamental plant market.
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Flower And Ornamental Plant Market Segments
• By Type: Potted Plants, Cut Flowers
• By Distribution Channel: Offline, Online
• By End-Users: Commercial, Residential
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the flower and ornamental plant market.
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Flower And Ornamental Plant Market Key Players
Major competitors in the flower and ornamental plant market are Sakata Seed, Ball Horticultural Company, Beekenkamp, Afriflora, Arcangeli Giovanni and Figlio, Kurt Weiss Greenhouses Inc., KP Holland, Monrovia Nursery Co., Color Spot Nurseries, Butters Group.
The Business Research Company's "Global Flower And Ornamental Plant Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Flower And Ornamental Plant Market Include:
1. Executive Summary
2. Flower And Ornamental Plant Market Characteristics
3. Flower And Ornamental Plant Market Trends And Strategies
4. Flower And Ornamental Plant Market - Macro Economic Scenario
5. Flower And Ornamental Plant Market Size And Growth
………………
27. Flower And Ornamental Plant Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Flower And Ornamental Plant Market
29. Flower And Ornamental Plant Market Future Outlook and Potential Analysis
30. Appendix
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