Floriculture Market Research Insights 2022-28

  

The global floriculture market size was valued at USD 75.4 billion in 2021 and is poised to grow at a significant CAGR of 6.6% during the forecast period 2022-28. Floriculture is a field of horticulture concerned with the cultivation of blooming and attractive plants for use as decoration and as a raw material in the personal care, cosmetics, and pharmaceutical industries. Floriculture can be described as the art and science of cultivating flowers to perfection in simple terms. Commercial floriculture is practised in over 140 countries across the world. Other flowers, such as pot marigold, are used to treat irritated skin and prevent infection from spreading, while purple corn flower stimulates the immune system, improving the body's resistance to viral and bacterial illness. Furthermore, the perfume of lavender relaxes the neurological system, lowers muscle tension, and acts as an antibacterial.

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First and foremost, an important component in the floriculture market is the growing demand for flowers for various events. Flowers are used for decorating, aesthetics, and greetings on a personal and professional level all over the world. Flowers are connected with wealth and happiness, which benefits the floriculture industry. Higher crop yields have resulted from the deployment of modern technologies and also more precise management in commercial floriculture. Modern agriculture practises have also resulted in greater profitability for floriculture farmers. Floriculture goods have a larger profit per unit area than other agricultural items. Farmers are being enticed to move to floriculture as a result of this.

The global floriculture market segmentation:

1) By Product Type: Bedding Plants, Cut Flowers, cut foliage, Pod Plants and Others (Bulbs and corms).

2) By Price Range: Low Price, Medium and Premium Price.

3) By Application: Cosmetics, Decoration, Perfumes, Pharmaceuticals and Others.

4)By Sales Channel: Direct, Online Retailers, Specialty Stores, Supermarkets and Other Sales Channels.

 

In 2018, Europe had the greatest revenue share of 40.6 percent in the worldwide floriculture market, and it is expected to maintain this position during forecast period. According to Eurostat, the Netherlands had the largest land area covered with flowers, ornamental plants, as well as nursery plants in 2015, at roughly 45.8 thousand hectares, which climbed to 50.9 thousand hectares in 2016. This shows that during the projection period, the demand for flowers & potted plants in Europe is expected to rise. Over the forecast period, Asia Pacific is expected to grow at a rapid pace. India is quickly establishing itself as a major producer of blooming plants. Floriculture is becoming a viable business in the country as demand for flowers rises. According to the Agriculture & Processed Food Products Export Development Authority, roughly 299.51 thousand hectares of land were cultivated for floriculture in 2014-2015. During that time, 482 thousand tonnes of cut flowers and 1677 thousand loose flowers were expected to have been produced.

 

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There are several industry players working in the Floriculture Market, which include Ball Horticultural, Beekenkamp Group, Dummen Orange, Finlays, Karen Roses, Kariki, Karuturi, Multiflora, Oserian, Selecta Klemm, Syngenta, Washington Bulb

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