Press release
Floriculture Market Status Update and Long-Term Growth Review 2024 - 2031 | The Kariki Group, Dummen Orange, Syngenta Flowers. Inc.
Floriculture Market
Global floriculture market was valued at US$ 54.2 Bn in 2022 in terms of revenue, exhibiting a CAGR of 7.66 % during the forecast period (2023 to 2030).
Market Dynamics:
The floriculture market is expected to witness significant growth over the forecast period, owing to increasing consumer preferences for home decor and rising demand for cut flowers. Growing population across developing nations and rising disposable incomes have significant increased consumer spending on lifestyle products like flowers. Additionally, expansion of organized distribution channel such as supermarket/ hypermarkets, flower shops, and online retailers have made floriculture products more accessible to urban population. Furthermore, improving cold chain logistics for transportation of perishable floriculture products is expected to support the market growth during the forecast period.
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Floriculture Market Key Drivers and Future Outlook
Increasing Demand for Fresh Cut Flowers Globally
The global fresh cut flowers market has seen steady growth in recent years driven by rising demand for fresh cut flowers across countries. Flowers are in high demand for occasions like weddings, birthdays and other celebrations. Rapid urbanization and growing disposable incomes in developing economies have also supported the consumption of fresh cut flowers. Countries like the United States, Germany, Netherlands, United Kingdom and Japan remain some of the largest importers of cut flowers globally. The widespread popularity and gifting culture associated with flowers ensures a consistent demand trajectory going forward as well.
Scope for Cultivation of Novel and exotic Varieties
While roses, orchids, lilies, chrysanthemums, tulips and carnations dominate global flower production, there exists vast untapped potential in novel varieties, exotic flowers and specialty cuts. Tropical flowers, boutique blooms, herb flowers and native floral varieties offer immense scope to diversify mainstream offerings and tap new consumer segments. Precision agriculture through technologies like protected cultivation, vertical farming and hydroponics also enables year-round availability of unique flower types in different geographies. Export opportunities across regions allow farmers and traders to gain from their early-mover advantage in innovative floral breeds.
Popularity of Online Flower Purchases and Direct-to-Consumer Models
The floriculture sector is progressively embracing digital transformation and e-commerce led business models. With rising internet and smartphone penetration worldwide, more consumers are comfortable shopping for flowers online through dedicated floral websites and apps. They can hand-pick customized bouquets and arrangements for delivery. Several smaller growers are also leveraging direct-to-consumer platforms to connect with a wider customer base in a cost-effective manner. Online flower purchases have gained widespread popularity during the pandemic and this digital shift in consumer preference and shopping habits is likely to continue post-Covid as well.
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Top Companies Featured in This Report:
★ 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.
★ Karen Roses.
Market Segmentation:
By Product Type:
★ By Product Type: Cut Flowers, Pot Plants, Cut Foliage, Bedding Plants, and Others
By Applications:
★ By Application: Decoration and Industrial
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Key Inquiries Addressed in this Report include:
📈 What was the size of the Floriculture Market in 2024, and what is the projected value by 2031?
📈 What is the present global market landscape for the Floriculture Market?
📈 What strategies offer optimal opportunities for growth maximization in the business?
📈 What recent trends are shaping the Floriculture Market?
📈 How does the market share of Floriculture Market revenue, sales, and size vary across specific geographical regions?
📈 Who are the prominent industry players in the Floriculture Market?
📈 Which segment of the Floriculture Market is experiencing heightened demand?
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Floriculture sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
💎 Request For Customization at: @ https://www.coherentmarketinsights.com/insight/request-customization/1586
Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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