NEW YORK, April 2, 2024 /PRNewswire/ — The global floriculture market size is estimated to grow by USD 44.88 bn from 2023 to 2027, according to Technavio. The market is estimated to grow at a CAGR of almost 8.6% during the forecast period. Europe held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 29%.
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Major Players in the Market
Numerous companies are capitalizing on this growing trend by implementing strategic measures such as alliances, partnerships, mergers, and acquisitions. Among the notable players in the cheese based snacks market are:
Afriflora, Arcangeli Giovanni e Figlio SAS, Ball Horticultural Co., Beekenkamp Verpakkingen B.V, Coletta and Tyson Ltd., Danziger Group, Dummen Orange, Farplants Sales Ltd., Flamingo Horticulture Investments, Florensis Flower Seeds UK Ltd., Karen Roses, Kurt Weiss Greenhouses Inc., Marginpar BV, NurseryLive, Rift Valley Roses, Selecta Klemm GmbH and Co. KG, Syngenta Crop Protection AG, Timaflor B.V., Verbeek and Bol, Verbeek Export BV
Analyst Review
The Floriculture Market encompasses the cultivation and trade of various plants, including flowers and ornamental foliage. This industry provides aesthetic delight and serves as a significant source for decoration and commercial exchange. Cut flowers, potted plants, bedding plants, and ornamental foliage are popular floriculture products. Greenhouses play a crucial role in the cultivation process, enabling personalization and customization through direct-to-consumer sales models. Technology advances have revolutionized the industry, allowing for improved cultivation techniques and expanded offerings. The Floriculture Market caters to various segments, including institutions/events, hotels, resorts, and spas. Additionally, it provides raw materials for basket weavers and contributes to the production of woody ornamentals, such as Chestnut, Plum, Maple, and Willow shoots. Lavender is another essential floral crop, widely used for its fragrance and ornamental value.
Key Market Drivers
The floriculture market experiences significant growth due to increasing cultivation of ornamental plants and flowers for sale. High-profit margins, around 55-72%, are attributed to this sector. Plant biotechnology and genome sequencing play a crucial role in enhancing agricultural productivity and developing new floral crops. Edible flowers, such as citrus blossoms and hibiscus, offer health benefits, including vitamin C, antioxidants, and improved heart functioning. Health-conscious consumers seek sustainable agricultural practices, pest management, and conservation agriculture. Roses, nasturtium, and blue roses continue to be popular choices for their aesthetic delight and commercial exchange. However, growers face risks in harsh climatic conditions and require anti-aging technology and wilting prevention. Air cargo freight ensures timely delivery of cut flowers, potted plants, bedding plants, and ornamental foliage. Floriculture and horticulture continue to thrive, offering a wide range of plants, flowers, leaves, and cultivation methods for decoration and commercial exchange.
Challenges and Opportunities
The floriculture market thrives on the cultivation of ornamental plants in open fields and greenhouses. Consumers seek a diverse range of blooms for various celebrations and events. Technological advancements, including greenhouse automation and genetically engineered flowers, optimize production and mitigate climate change’s adverse effects. Supply chain logistics, online flower sales via e-commerce platforms, and direct-to-consumer models ensure timely delivery. Climate change and environmental factors impact production and transportation costs. Sustainability and eco-friendly practices are essential. Ornamental plants like Chestnut, Plum, Maple, Willow shoots, Lavender, Woody ornamentals, Bonsai plants, and Bamboo are cultivated for personal use and institutional segments, including hotels, resorts, and spas. Logistics coordination, information availability, and cold chain protocols are crucial. Nurseries employ artificial lighting and temperature controls to counteract short, wet days and ice accumulation. The global floriculture industry continues to innovate, integrating technology and personalization for a customized consumer experience.
The global floriculture market is experiencing a surge in demand for premium offerings, driven by health-conscious consumers and improving economic conditions. Plant biotechnology and genome sequencing are revolutionizing agricultural productivity, enabling the cultivation of edible flowers like citrus blossoms, hibiscus, and roses, rich in vitamin C, antioxidants, and beneficial for heart functioning and cholesterol levels. Sustainable agricultural practices, including pest management and conservation agriculture, are essential for growers facing harsh climatic conditions and risks. Biotechnology also offers anti-aging technology and wilting prevention. Air cargo freight ensures timely delivery of these premium floral crops, including potted plants, bedding plants, ornamental foliage, and cut flowers, providing an aesthetic delight for decoration and commercial exchange. Horticulture and floriculture continue to intertwine, with the color of flowers expanding beyond the traditional red roses to include blue roses and more.
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Market Overview
The Floriculture Market is a significant sector that deals with the production, distribution, and sale of flowers and ornamental plants. Horlicku, Plants, Flower, Horticulture, Levels, Cultivation, Cutivation, Decorative, Nurseries, Temperature, Logistics, Globally, Exchanging, Supplies, Uses, Sustainability, Consumption, Flowers, Ornamental, Plants, Floverers, Producers, Retailers, Consumers. This market encompasses a wide range of activities, from growing flowers and ornamental plants in nurseries to transporting them to various retail outlets. The temperature plays a crucial role in the cultivation process, and logistics is essential for timely delivery. The global exchange of supplies is a common practice, ensuring a steady flow of diverse flora to meet consumer demands. The sustainability of the floriculture market is crucial, with consumers increasingly seeking eco-friendly practices. The use of flowers and ornamental plants for decorative purposes is a significant driver for the market. Florists, producers, retailers, and consumers all play essential roles in the flourishing of this vibrant industry.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
