Global Floriculture Market, By Product Type (Cut Flowers, Bedding Plants, Potted Plants and Other), Application (Personal Use, Gift, Conference and Activities and Others), Price Range (Premium Price, Medium and Low Price), Flower Type (Rose, Chrysanthemum, Tulip, Lily, Gerbera, Carnations, Texas Bluebell, Freesia, Hydrangea and Others), Sales Channel (Direct Sales, Specialty Stores, Franchises, Florists and Kiosks, Supermarkets/ Hypermarkets, Independent Small Stores, Online Retailers and Other Sales Channel), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses that the floriculture market will project a compound annual growth rate (CAGR) of 8.60% during the forecast period of 2021-2028. Growth and expansion of e-commerce industry especially in the developing economies, rising inclination of population towards gardening, rising advancements in the biotechnology industry are the major factors attributable to the growth of floriculture market. This means that the floriculture market value, which was USD 3.65 billion in 2020 will climb up to USD 7.062 billion by the year 2028.
Floriculture, also known as flower farming, is a discipline of horticulture that is concerned with the cultivation of flowers. In other words, floriculture is concerned with growing and marketing ornamental flowers.
Growing awareness about high profits associated with cultivating ornamental plants will emerge as the major factor fostering the growth of market. Also, growing demand for cut flowers cut flowers owing to their sweet fragrance and beauty is another important factor fostering the growth of market. Growth in the expenditure for research and development proficiencies by the biotechnology industry and increasing personal disposable income will further create lucrative and remunerative growth opportunities for the market. Growth and expansion of horticulture industry especially in the developing economies and surging globalization will also carve the way for the growth of the market.
However, high investments and maintenance costs are the major factors that will pose a major challenge to the growth of market. Also, allergies to plants and flowers to some individuals will further slowdown the market growth rate. Also, floriculture asks for a good time managements and this will further derail the market growth rate.
This floriculture market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on floriculture market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Floriculture Market Scope and Market Size
The global floriculture market is segmented on the basis of product type, application, price range, flower type and sales channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on the product type, the floriculture market is segmented into cut flowers, bedding plants, potted plants and other.
- Based on the application, the floriculture market is segmented into personal use, gift, conference and activities and others.
- On the basis of price range, the floriculture market is segmented into premium price, medium and low price.
- On the basis of flower type, the floriculture market is segmented into rose, chrysanthemum, tulip, lily, gerbera, carnations, Texas bluebell, freesia, hydrangea and others.
- On the basis of sales channel, the floriculture market is segmented into direct sales, specialty stores, franchises, florists and kiosks, supermarkets/ hypermarkets, independent small stores, online retailers and other sales channel.
Floriculture Market Country Level Analysis
The global floriculture market is analyses and market size, volume information is provided by country by product type, application, price range, flower type and sales channel as referenced above.
The countries covered in the floriculture market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific region dominates the floriculture market and will continue to flourish its dominance during the forecast period owing to the rising cultivation of flowers and plants especially in the developing economies like India and China. Europe region is undergoing substantial gains and will project the highest CAGR for this period owing to the growing trend of horticulture.
The country section of the floriculture market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Floriculture Market Share Analysis
The global floriculture market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to floriculture market.
The major players covered in the floriculture market report are Multiflora, Karen Roses., Harvest Flowers UK ltd, Queens Group, Ball Horticultural Company., Afriflora, Oserian., Selecta Klemm., Tulips.com, Soc. Agr. Arcangeli Giovanni e Figlio S.A.S. di Giovanni Arcangeli e C., Floralife, ERNST BENARY SAMENZUCHT GMBH, DANZIGER, Sakata Seed America., Beekenkamp Group, Dümmen Orange, Flamingo , Kurt Weiss Greenhouses, Inc., The Marginpar BV and Selecta Klemm, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.