Asia-pacific region to dominate the Floriculture Market through 2026
Higher living standards and adoption
of durable packaging techniques is expected to drive the demand for global floriculture
market throughout the forecast period.
According to TechSci Research report, “Global Floriculture
Market By Flower Type (Cut Flower, Loose Flower, Bedding & Garden
Plants, Potted Flowering Plants, Foliage Plants), By Distribution Channel
(Retail, Florists, Supermarkets/Hypermarkets, Online, Others), By Application
(Aesthetic & Decorative Purposes, Flavours & Fragrances, Natural
Colors, Medicines, Others), By End Use (Personal, Institutions/Events, Hotels,
Restaurants & Spas, Industrial), By Region, Competition Forecast &
Opportunities, 2026”, the global floriculture market is expected to attain
steady CAGR in the forecast period, 2022-2026. The high demand for flowers for
decoration purposes on various occasions is fueling the floriculture market
growth. Flowers can be used for professional and personal use for aesthetics,
decoration, or greeting purposes. The rising demand for cut flowers around the
globe and the adoption of favorable agricultural practices is contributing to
the growth of the floriculture market. The adoption of the latest technologies
by the farmers and precise management of commercial floriculture is fueling the
agricultural yield and increasing the profitability for farmers involved in the
floriculture practice. The profit obtained in the floriculture production can
be higher than the profit obtained from the agriculture practice which is an
attracting factor for farmers. Surging demand for Ayurveda and other native
therapies is expected to pave the way for the global floriculture market growth
in the forecast period. Flowers including jasmine rose, and others are used in
the production of essential oils and other ayurvedic formulations thereby
creating a high demand for the flowers.
However, a lack of awareness in the rural areas may
restrain the global floriculture market growth in the forecast period.
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in-depth TOC on "Global Floriculture Market”
Global
floriculture market is segmented into flower type, distribution channel,
application, end use, regional distribution, and company. Based on the flower
type, the market can be divided into cut flower, loose flower, bedding &
garden plants, potted flowering plants, and foliage plants. The cut flower
segment is expected to hold a major market share in the forecast period,
2022-2026. The high demand for cut flowers owing to their fragrance and
aesthetic value is driving the demand of the segment. These are resistant to
getting infected with diseases and external factors such as pests that can
adversely affect flower production. Cut flowers can be easily handled and
harvested and can be used for gifting or decoration purposes. Based on the
distribution channel, the market can be divided into retail, florists,
supermarkets/hypermarkets, online, and others. The online segment is expected
to witness the fastest incremental growth in the next five years. High internet
penetration and the proliferation of smartphones are driving the growth of the
online sales channel. Market players are developing user-friendly interactive
applications and websites to expand the reach of their products. The facility
of easy dispatch and delivery options along with the availability of a wide
variety of options is boosting the demand of the floriculture market. Market
players offer lucrative discounts to customers and create a personalized
experience for consumers to increase the sales of the flower through online
channels.
Beekenkamp
Group, Danziger Group, Duemmen GmbH, Flamingo Horticulture Investments
Limited, Syngenta Flowers. Inc., Karen Roses Company, The Kariki Group,
Karuturi Global Limited, Oserian Development Company Limited, Selecta Klemm
GmbH & Co. KG, Marginpar Flower Group Holdings, Ruparelia Group, Multiflora
Ltd., Ball Horticultural Company, Carzan Flowers Limited are the leading
players operating in global floriculture market. Floriculture related farmers
are increasingly focusing on research and development process to fuel higher
growth in the market. To meet evolving customer demand with respect to better
efficiency and durability, several floriculture providers are coming up with
their technologically advanced offerings.
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“Market
players are adopting modern farm practices to increase the yield of the
floriculture practice and making high-end investments for research activities
to procure quality seeds and fertilizers which is expected to fuel the growth
of the floriculture market in the next five years. The rise in the advancements
in the field of plant biotechnology such as genome sequencing and the
development of genetically modified flowering plants to increase the yield of
floriculture production is expected to create lucrative opportunities for the
floriculture market growth. The growing
demand for flowers along with the adoption of attractive marketing strategies
by the market players is expected to propel the floriculture market growth till
2026” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Global Floriculture
Market By Flower Type (Cut Flower, Loose Flower, Bedding & Garden Plants,
Potted Flowering Plants, Foliage Plants), By Distribution Channel (Retail,
Florists, Supermarkets/Hypermarkets, Online, Others), By Application (Aesthetic
& Decorative Purposes, Flavours & Fragrances, Natural Colors,
Medicines, Others), By End Use (Personal, Institutions/Events, Hotels,
Restaurants & Spas, Industrial), By Region, Competition Forecast &
Opportunities, 2026” has evaluated the future growth potential of global floriculture
market and provided statistics & information on market size, shares, structure
and future market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in the of global floriculture market.
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