- Bedding Plants
- Cut Flowers
- Cut foliage
- Pod Plants
- Others (Bulbs and corms)
Floriculture Market size was valued at USD 48.2 billion in 2022. It is expected to reach USD 75.4 billion by 2029, at a CAGR of 6.6% from 2023-2029. Some of the key factors fueling the market growth include rising internet penetration is helping create awareness for floriculture products among consumers, development of horticulture practices and greenhouse technology, increasing popularity of ayurveda and other therapies and growing specialized retail channels in emerging countries. Also, technological improvements provide huge opportunities for floriculture market growth. However, the growing demand for artificial flowers are hindering the market growth.
The floriculture market report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. In addition, the global floriculture market report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated competition dashboard to assess the market competition. Moreover, PBI analyzed the global floriculture market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global floriculture market report include suppliers, manufacturers, marketers, policymakers, and service providers engaged in global floriculture products. The global floriculture market is surging owing to frequent acquisitions and launches by the market players.
Floriculture Market Key Developments:
In Aug 2019, Ball Horticultural partnered with AGA Agro. The partnership will provide AGA access to the vast floriculture offering of Ball, and will lead to the expansion of its product assortment, including entry into new product categories such as indoor flowering plants and vegetative flower varieties.
Fastest Growing Market
Floriculture is fast evolving money spinning component in agriculture sector, increasing at a modest rate throughout world and has become the possible agricultural activity particularly for the developing countries. Floriculture is one of the most significant branches of ornamental horticulture. There are numerous advances in floricultural industry such as value addition in flowers, vertical garden, drying of flowers, hydroponics, aeroponics, bonsai, flower arrangement these add beauty in nature. Value addition in flowers not only help the producer to get a good price for its produces but also helps the consumer as they get a good quality as well quantity added products.
The floriculture market is projected to expand at a CAGR of 6.6% during the forecast period.
Ball Horticultural, Beekenkamp Group, Dummen Orange, Finlays, Karen Roses, Kariki, Karuturi
North America is the fastest-growing region for the floriculture market