Floriculture Market Is Expected To Grow At A 6.7% CAGR By 2029 | Future Market Insights Inc.

The Floriculture Systems Market is expected to reach US$ 49.8 Bn in 2022, likely to surge at a vigorous 6.7% CAGR during the assessment period. Majorly contributed by cut flowers, the market for floriculture will particularly thrive on the back of booming popularity of edible flowers that has been observed over the recent past.

Edible flowers such as citrus blossoms, hibiscus, lavender, roses, and nasturtium are gaining popularity among a select chunk of health conscious consumers. These flowers are rich in Vitamin C and antioxidants, which helps in reducing cholesterol levels, improves skin and hair health, and enhances heart functioning. Growing acceptance of flowers as a healthy food ingredient creates new opportunities for producers in the global floriculture market to expand their businesses.

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Key Takeaways – Global Floriculture Market Study

• Europe is expected to retain its dominant position in the global floriculture market, attributed to increasing adoption of gardening activities in the region.
• Among product type, the cut flowers segment is considered a key contributor to growth of the global floriculture market, due to high consumption of fresh roses in decorations such as bouquets at events, vase arrangements, and as gifts on special occasions.
• The cut foliage segment is expected to witness a significant CAGR in the global floriculture market, owing to increasing use of mix bouquets in flower arrangements at events and festivals.

Rising Environmental and Social Responsibility to Shape Market Trends

Consumers demand sustainably produced flowers, attributable to increasing consumer awareness regarding environmental and social impact of production and trade of floriculture products worldwide. Thus, all participants in the floriculture value chain aim adopt sustainable agricultural practices such as integrating pest management and conservation agriculture to reduce negative impact of their activities on the environment.

Consumers in the market are also willing to pay more for sustainably grown flowers. Thus, companies aim to obtain certifications and are offering fair trade, FPP, and other certified flowers to their consumers in order to improve their market position.

Floriculture Market: Competitive Landscape

Prominent players in the global floriculture market are Tropiflora Ltd., Forest Produce Ltd., Selecta Cut Flowers S.A.U., Native Floral Group, Tropical Foliage Plants, Inc., Oserian Group, Esmeralda Farms, Marginpar BV, DOS GRINGOS, LLC, Flamingo Horticulture Ltd., Danziger Group, Florensis Flower Seeds UK Ltd., Verbeek Export B.V., Florance Flora, Karuturi Global Ltd., and others.

Players in the floriculture industry are focusing on Asia for production and sales of commercial floriculture products, owing to significant rise in demand for low cost flowers in this region. Companies are also entering various strategic partnerships with domestic players to expand their market footprint.

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Key Segments of Floriculture Industry Survey

Floriculture Market by Product:

• Cut Flowers
• Cut Foliages
• Plants
• Propagation Materials

Floriculture Market by Flower:

• Roses
• Chrysanthemums
• Tulips
• Lilies
• Gerberas
• Carnations
• Texas Bluebells
• Freesias
• Hydrangeas
• Others

Floriculture Market by End Use:

• Floriculture for Personal Use
• Floriculture for Institutions/Events
• Floriculture for Hotels, Resorts, & Spas
• Floriculture for Industrial Use

Floriculture Market by Sales Channel:

• Direct Sales of Floriculture Products
• Floriculture Products Sold at Specialty Stores
• Floriculture Products Sold at Franchises
• Floriculture Products Sold at Florists & Kiosks
• Floriculture Products Sold at Supermarkets/Hypermarkets
• Floriculture Products Sold at Independent Small Stores
• Floriculture Products Sold by Online Retailers
• Others

Floriculture Market by Region:

• North America Floriculture Market
• Latin America Floriculture Market
• Europe Floriculture Market
• East Asia Floriculture Market
• South Asia & Pacific Floriculture Market
• Middle East & Africa (MEA) Floriculture Market

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About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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