Floriculture Market is Projected to Reach USD 109.1 Billion During Forecast Period by 2034 | Future Market Insights Inc.
Consumers demand sustainably produced flowers, attributable to increasing consumer awareness regarding the environmental and social impact of the production and trade of floriculture products worldwide. Thus, all participants in the floriculture value chain aim to adopt sustainable agricultural practices such as integrating pest management and conservation agriculture to reduce the negative impact of their activities on the environment.
NEWARK, Del, Aug. 28, 2024 (GLOBE NEWSWIRE) — The
Key Takeaways from the Floriculture Market Report
- The US is anticipated to rise at a CAGR of ~6.2% during the forecast period 2024 to 2034.
- The Indian floriculture market is anticipated to rise at a CAGR of ~9% during the forecast period by 2034.
- Institutions/events that currently hold around ~58.1% of the share in the market would remain the prominent adopters of floriculture items.
- The direct sales segment accounted for a major share of ~77.6% of the global market in 2022 as most of the sales in the floriculture market take place directly through the manufacturers.
- the supermarkets/ hypermarkets segment is anticipated to grow at a rapid rate with a CAGR of nearly 10.6% during the forecast period 2034.
“Success in the highly competitive cotton candy maker market depends on creativity, flexibility, and smart alliances. Prioritizing uniqueness and agility are crucial for organizations to thrive in this ever-changing market,” says Sudip Saha Managing Director and Co-Founder at Future Market Insights.
Key Companies Profiled
- Forest Produce Ltd.
- Selecta Cut Flowers SAU
- Native Floral Group
- Tropical Foliage Plants, Inc.
- Oserian Group
- Esmeralda Farms
- Marginpar BV
- DOS GRrINGOS, LLC
Global Floriculture Market by Category
By Product Type:
- Cut Flowers
- Cut Foliage
- Plants
- Propagation Material
By Flower Type:
- Rose
- Chrysanthemum
- Tulip
- Lily
- Gerbera
- Carnations
- Texas Blueball
- Freesia
- Hydrangea
- Others
By End Use:
- Personal Use
- Institutions/Events
- Hotels, Resorts, & Spas
- Industrial
By Sales Channel:
- Direct Sales
- Specialty Stores
- Franchises
- Florists & Kiosks
- Supermarkets/Hypermarkets
- Independent Small Stores
- Online Retailers
- Other Sales Channel
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
About the Consumer Product Division at Future Market Insights
The consumer product team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Billion+ data points, the team has been analysing the market lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
Author By:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflecting his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
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The floriculture industry in Japan is on track to experience a noteworthy upswing, with a projected compound annual growth rate of 7.3% through 2033.
The floriculture industry in Korea is on the rise, with projected sales reaching USD 317.8 million in 2023. The demand for floriculture in Korea is likely to expand at a 7.4% CAGR from 2023 to 2033, ultimately totaling an estimated valuation of USD 647.4 million by 2033.
The Western Europe floriculture sector is anticipated to experience a CAGR of 5.3% through 2033. In 2023, the industry is expected to present substantial prospects with an industry value of USD 15,167.0 million.
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