Press release
Indian Floriculture Market Size Worth INR 460.6 Billion by 2028 | CAGR 13.1%
Indian Floriculture Market Report 2023
Report Highlights
How big is the Indian floriculture market?
The Indian floriculture market size reached INR 231.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 460.6 Billion by 2028, exhibiting a growth rate (CAGR) of 13.1% during 2023-2028.
What is floriculture?
Floriculture is the cultivation and management of flowers, including ornamental plants, for decorative and commercial purposes. It involves the production, marketing, and sale of flowers, foliage, and other floral products. Floriculture encompasses a wide range of activities, including growing flowers in nurseries, greenhouses, or fields, as well as the breeding and development of new flower varieties. The industry focuses on producing flowers for various uses, such as floral arrangements, landscaping, gardening, and the cut flower market. Floriculture plays a vital role in the horticulture sector, contributing to the beauty of indoor and outdoor spaces, as well as generating economic opportunities for growers, retailers, and exporters.
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What are the growth prospects and trends in the Indian floriculture industry?
The Indian floriculture industry has promising growth prospects and is witnessing notable trends. Firstly, there is a growing domestic and international demand for Indian flowers, driven by factors such as weddings, festivals, events, and increasing consumer preference for floral decorations. Secondly, the shift towards high-value flower crops and the adoption of advanced cultivation techniques are enhancing productivity and quality, leading to increased exports and market competitiveness. Thirdly, the rise of e-commerce platforms and online flower delivery services has expanded market reach and accessibility, boosting the retail segment of the industry.
Moreover, the government's initiatives to promote floriculture, such as the establishment of floriculture parks and support for infrastructure development, are attracting investments and fostering growth. Furthermore, the increasing popularity of organic and sustainable flower production is a notable trend in the industry, driven by eco-conscious consumers.Overall, with favorable climate conditions, diverse floral resources, and increasing global demand, the Indian floriculture industry is expected to witness steady growth, driven by technological advancements, market diversification, and expanding export opportunities.
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What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Flower Type:
Cut Flowers
Loose Flowers
Breakup by Retail Vs Institutional:
Retail
Institutional
Breakup by Distribution Channel:
Unorganised Retail
Florists
Supermarkets and Hypermarkets
Online
Others
Breakup by Application:
Aesthetic and Decorative Applications
Flavours and Fragrances
Natural Colours
Medicines
Others
Breakup by State:
Andhra Pradesh
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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