Press release
Floriculture Market to Bloom to USD 118.95 Billion by 2032
Global Floriculture Market Set to Bloom to USD 118.95 Billion by 2032, Driven by Urbanization and Eco-Friendly TrendsThe global floriculture market, valued at USD 63.79 billion in 2024, is projected to reach USD 118.95 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 8.1% from 2024 to 2032. This growth is fueled by increasing urbanization, rising disposable incomes, and a growing preference for eco-friendly and sustainable floral products.
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Competitive Landscape
Key players in the floriculture market include Dümmen Orange, Syngenta Flowers, Ball Horticultural Company, Afriflora Sher, Kariki, Multiflora, Karen Roses, Harvest Flower, and Queens Group. These companies are focusing on product innovation, strategic partnerships, and mergers and acquisitions to expand their global footprint and meet the rising demand for ornamental plants and flowers.
Regional Demand and Growth Patterns
Europe and North America collectively account for over 50% of the global floriculture market share, driven by high consumer demand for ornamental plants and flowers. The Asia-Pacific region is anticipated to register the highest growth during the forecast period, primarily due to major investments by governments in China and India towards increasing the number of airports.
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Country-Specific Insights
Vietnam: Growth in Horticultural Exports
Vietnam has emerged as a key player in the global floriculture market, owing to its favorable climatic conditions and increasing investments in horticultural research. The country's export of flowers and ornamental plants has seen consistent growth, with major markets being Japan and South Korea.
Thailand: Opportunities in Floral Tourism
Thailand's rich floral traditions and diverse botanical landscapes contribute to its growing floriculture industry. The country is leveraging its unique flower varieties and cultural influences to attract tourists and boost the local economy.
Japan: Trends in Sustainable Practices
Japanese consumers are increasingly conscious of environmental sustainability, leading to a rise in demand for eco-friendly and ethically sourced flowers. This trend is driving the growth of the floriculture market as consumers seek products that align with their values.
South Korea: Consolidation in Online Floral Retail
South Korea's floriculture market is experiencing consolidation, with companies incorporating advanced technologies and online platforms to meet consumer demand for natural and effective floral solutions.
Singapore: Updation in Urban Landscaping
Singapore's ongoing infrastructure projects and emphasis on smart city development are driving the implementation of floriculture products, particularly in urban landscaping and green spaces.
United States: Growth in E-commerce Floral Sales
The United States is experiencing growth in the adoption of floriculture products within the e-commerce sector, focusing on convenience and a wide range of options for consumers.
China: Trends in Rapid Urbanization
China's rapid urbanization and expansion in residential and commercial sectors are leading to increased demand for ornamental plants and flowers to enhance living and working environments.
Europe: Opportunities in Sustainable Floriculture
Europe is focusing on sustainable floriculture solutions, promoting the use of recyclable and biodegradable materials to reduce environmental impact and comply with stringent regulations.
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Floriculture Market Segment Analysis:
by Type
Cut Flowers
Bedding Plants
Potted Plants
Others
by Flower Type
Rose
Chrysanthemum
Tulip
Lily
Gerbera
Carnations
Texas Blueball
Freesia
Hydrangea
Others
Key Recent Developments
Dümmen Orange has invested in advanced breeding techniques to develop new flower varieties with improved shelf life and disease resistance.
Syngenta Flowers has expanded its product portfolio by acquiring innovative startups specializing in ornamental plant genetics.
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