Press release
Flower And Ornamental Plant Global Market Set to Skyrocket to $67.56 Billion By 2028 with an Impressive CAGR 9.7% | Syngenta Flowers, Suntory Flowers Ltd., Sakata Seed, Beekenkamp Group., Dümmen Orange
Flower And Ornamental Plant Global Market
The Business Research Company presents an extensive market research report on the Flower and Ornamental Plant Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The flower and ornamental plant market size has grown strongly in recent years. It will grow from $43.09 billion in 2023 to $46.68 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to cultural and religious significance, landscaping and urban beautification, event decoration, memorial and funerary practices, horticultural advancements.
The flower and ornamental plant market size is expected to see strong growth in the next few years. It will grow to $67.56 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to economic growth and disposable income, sustainable and local sourcing, social media influence, community gardens and green spaces, increasing urbanization. Major trends in the forecast period include online and direct-to-consumer sales channels, technology for virtual floral experiences, customization of flower arrangements, innovation in indoor gardening products, drought-tolerant and low-maintenance plants.
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Key Market Players:
Major companies operating in the flower and ornamental plant market report are Syngenta Flowers, Selecta Klemm GmbH & Co. KG, Monrovia Nursery Co., Kurt Weiss Greenhouses Inc., Ball Horticultural Company, Suntory Flowers Ltd., Sakata Seed, Beekenkamp Group., Dümmen Orange, Florensis, Karuturi Global Ltd., Tagawa Greenhouses, Van Belle Nursery, KP Holland, Color Spot Nurseries, Oserian Development Company, Volmary GmbH, HilverdaFlorist, Ernst Benary Samenzucht GmbH, Florexpo LLC., Afriflora Sher Ethiopia, Butters Group, Chrysal International, Marginpar B.V., Arcangeli Giovanni and Figlio, Belaya Dacha Flowers, Fides Oro, Danziger "Dan" Flower Farm, Kapiteyn horticulture bv., Jetha Lachmandas Bhatia.
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, in April 2023, according to the National Gardening Association, a US-based gardening association, the average household spent $616 on lawn and gardening activities in 2022, up $74 from 2021. 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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https://www.thebusinessresearchcompany.com/report/flower-and-ornamental-plant-global-market-report
The flower and ornamental plant market covered in this report is segmented -
1) By Type: Potted Plants, Cut Flowers
2) By Distribution Channel: Offline, Online
3) By End-Users: Commercial, Residential
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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