The size of the floral industry was estimated to be USD 59.01 billion in 2023. From 2024 to 2030, the industry’s total income is predicted to increase at a compound annual growth rate (CAGR) of 8.1%, or close to USD 101.79 billion.
Floriculture Market Overview
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the Floriculture Market .The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Floriculture Market by thorough analysis, and projections are made up to 2030.
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Floriculture Market Scope and Methodology:
This report analyzes the Floriculture Market across different regions and detailed segmentation, providing a definition, description, and forecast. It encompasses various important market factors along with comprehensive qualitative and quantitative investigations. This includes reviewing the competitive landscape, competitor profiles, industry analysis, economic implications, important viewpoints, market trends, and market assessment.
The report delves into past data, focusing on different Floriculture Market scenarios and conducting a comprehensive evaluation of the factors influencing the market, including drivers, constraints, opportunities, challenges, and future trends. The report thoroughly examines market potential, market dynamics, growth opportunities, segmented markets, geographic scenarios, competition analysis, and predictions with the right methodology and assumptions. The study also involves evaluating the value chain, conducting PESTLE analysis, examining the impact, and conducting PORTER’s analysis.
Floriculture Market Regional Insights
The study thoroughly examines the markets in the Middle East, Africa, South America, Asia Pacific, Europe, and North America. Understanding the intricate dynamics of the global Floriculture Market is an essential component of the regional analysis provided in the report. The report contains details about the import and export of goods, market size, and growth rate for all countries. Furthermore, the report has also presented an overview of the latest advancements in the international Floriculture Market across different countries and regions.
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Floriculture Market Segmentation
by Type
Cut Flowers
Bedding Plants
Potted Plants
Others
In the 2023 Floriculture Market, the Cut Flowers category had the most market share, accounting for approximately XX%, based on type. The segment is anticipated to increase at a compound annual growth rate (CAGR) of 8.2% over the projected period, based on the MMR study. Due to their attractiveness and pleasant scent, cut flowers are becoming more and more popular with customers, which is responsible for the segment’s rise. Cut flowers are also resistant to disease and pests, and they are simple to handle and harvest. Since cut flowers are Kenya’s second-most-exported good after tea, it is anticipated that this market will significantly contribute to the country’s GDP. However, floral designers are combining cut flowers with cut foliage due to shifting customer tastes for flowers and floral arrangements.
by Application
Conference and Activities
Personal use
Gift
Others
The Floriculture Market is divided into conferences and activities, personal use, gift, and others categories based on the application. In 2023, the Gift category accounted for 57% of the market share. The rising usage of flowers as gifts for holidays, birthdays, mother’s day, Valentine’s Day, and other special occasions is responsible for the expansion of the gift segment and is driving the floriculture market globally. In 2023, 20% of all flowers and decorative plants sold worldwide will be bought as gifts, 20% will be bought for weddings or funerals, and roughly 20% will be bought for the home or workplace, according to a report.
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Floriculture Market Key Players
1. Kariki
2. Multiflora
3. Karen Roses
4. Harvest Flower
5. Queens Group
6. Ball Horticultural
7. Afriflora
8. Karuturi
9. Oserian
10.Selecta One
11.Washington Bulb
12.Arcangeli Giovanni & Figlio
13.Carzan Flowers
14.Rosebud
15.Benary
16.Danziger
17.Sakata
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Key questions answered in the Floriculture Market are:
- What is Floriculture?
- What was the Floriculture Market size in 2023?
- What are the upcoming opportunities and trends for the Floriculture Market ?
- What are the different segments of the Floriculture Market ?
- Which are the factors expected to drive the Floriculture Market growth?
- What growth strategies are the players considering to increase their presence in Floriculture?
- Who are the leading companies and what are their portfolios in Floriculture Market ?
- Who are the key players in the Floriculture Market?
- What is the CAGR at which the Floriculture Market will grow during the forecast period?
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Key Offerings
- Past Size and Competitive Landscape
• Past Pricing and price curve by region
• Size, Share, Size Forecast by different segment
• Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Segmentation A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape Profiles of selected key players by region from a strategic perspective
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