Global Floriculture Market to Reach USD 118.95 Billion by 2032, Growing at an 8.1% CAGR

Global Floriculture Market Blossoms with Robust Growth

The global floriculture market is experiencing significant expansion, driven by increasing demand for ornamental plants and flowers across various applications such as personal use, gifts, and events. According to recent data, the market size was valued at USD 63.79 billion in 2024 and is projected to reach USD 118.95 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.1% during the forecast period.

To explore more details about this research, click on the link below:

https://www.maximizemarketresearch.com/request-sample/23982/

Competitive Landscape and Regional Demand

The floriculture industry is characterized by a diverse competitive landscape, with numerous players operating globally. Regions such as Europe, Asia-Pacific, and North America have traditionally dominated the market due to favorable climatic conditions and established distribution networks. However, emerging economies in the Asia-Pacific region are witnessing higher demand, attributed to urbanization, increasing disposable incomes, and cultural festivities that emphasize the use of flowers.

United States: Growth Opportunities in Floriculture

In the United States, the floriculture market has seen steady growth, with a total wholesale value of sales across all floriculture crops totaling US$6.69 billion in 2022 from 8,951 floriculture producers with a production area of 833 million square feet.

The market is characterized by a mix of large-scale producers and a growing number of small-scale, local growers who cater to the increasing consumer preference for locally sourced flowers. Recent trends indicate a shift towards sustainable and eco-friendly practices, with consumers and businesses alike prioritizing environmental considerations in their purchasing decisions.

For additional insights into this study, please refer to:

https://www.maximizemarketresearch.com/request-sample/23982/

Segmentation Analysis

by Type

Cut Flowers
Bedding Plants
Potted Plants
Others

In 2023, the Cut Flowers sector accounted for the greatest portion of the Floriculture Market. The segment is also anticipated to expand at a CAGR of 8.2% over the projected period, per the MMR analysis. Because of their lovely scent and aesthetic appeal, cut flowers are becoming more and more popular with customers, which is responsible for the segment's rise. Cut flowers are also resistant to pests and disease, and they are simple to handle and harvest. Since cut flowers are Kenya's second-most-exported commodity after tea, the market is predicted to contribute significantly to the country's GDP.

by Flower Type

Rose
Chrysanthemum
Tulip
Lily
Gerbera
Carnations
Texas Blueball
Freesia
Hydrangea
Others

by Application

Personal Use
Institutions/Events
Hotels, Resorts, & Spas
Industrial
Others

In 2024, the biggest market share was held by the Institutions/Events segment. Large quantities of flowers are needed for decorative purposes at institutions and events including weddings, business gatherings, and cultural festivities. This segment's market share is greatly increased by the steady and large volume of demand. The need is increased by organizations such as offices, colleges, and universities who buy flowers for formal occasions, yearly festivities, or memorials. The demand in this market is further driven by spikes in flower consumption for events during special occasions like Valentine's Day, Christmas, and other festivals.

Want a comprehensive Market analysis? Check out the summary of the research report :

https://www.maximizemarketresearch.com/market-report/global-floriculture-market/23982/

Key Market Participants:

1. Kariki
2. Multiflora
3. Karen Roses
4. Harvest Flower
5. Queens Group
6. Ball Horticultural
7. Afriflora
8. Karuturi
9. Oserian
10.Selecta One
11.Washington Bulb
12.Arcangeli Giovanni & Figlio
13.Carzan Flowers
14.Rosebud
15.Benary
16.Danziger
17.Sakata

Catch Up with Trending Topics:

Commercial Lending Market :

https://www.maximizemarketresearch.com/market-report/commercial-lending-market/230608/

Curling Irons Market:

https://www.maximizemarketresearch.com/market-report/curling-irons-market/230620/

Wall Art Market :

https://www.maximizemarketresearch.com/market-report/wall-art-market/195574/

Sound Reinforcement Market :

https://www.maximizemarketresearch.com/market-report/global-sound-reinforcement-market/83513/

Hand Care Products Market :

https://www.maximizemarketresearch.com/market-report/hand-care-products-market/123303/

Contact Us:

MAXIMIZE Market RESEARCH PVT. LTD.

3rd Floor, Navale IT park Phase 2,

Pune Banglore Highway, Narhe

Pune, Maharashtra 411041, India.

+91 9607365656

sales@maximizeMarketresearch.com

About Us:

Maximize Market Research is one of the fastest-growing Market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

This release was published on openPR.