Overview:

Floriculture refers to the farming of flower. Floricultures deals with the process of cultivation of the flowing plants. Major types of floriculture includes potted plants, bedding plants, and cut flowers. The products of floriculture are used for various applications including gifts, conference and activities.

Market Dynamics:

Growing export of floriculture productsby the developing economies to the developed countries such as U.S., Japan, Russia, owing to favorable climactic conditions, government support to floriculture, and rich biodiversity are driving growth of the floriculture market. Additionally, fragrance of the flowers have fetched byers to buy the various flowers which is fuelling cultivators to expand the floriculture industry and is expected to propel target market growth in the near future. Further, increasing demand for the flowers for decoration purpose in the wedding or other events across the globe is factor anticipated to augment growth of the target market in the next few years. However, stringent government regulation related to import of the flоrісulturе рrоduсtѕ is a factor expected to hamper growth of the target market.

Key Trends:

Key players operating in the global floriculture market are focusing on the mergers, acquisition as well as and product developmentin order to get economical edge in the global market. In 2018, Dummen Orange, a producer and distributor of cut flowers, and bedding plants,announced acquisition of breeding line calla lily from Bloomz New Zealand Ltd in order to expand product portfolio.

Regional Analysis:

For detailed understanding of market dynamics, the global marketis analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Europeregion is expected to account for the largest share in terms of revenue over the forecast year. The growth is mainly attribute to the Netherlands country being largest exporter of cut flowersof this region. The market in Asia Pacific is the expected to register significant CAGR during the forecast period, owing to increasing numbers flower growers in the floricultural market. Also, India government’s inіtіаtіvеѕ fоr рrоmоtіng flоrісulturе ехроrtѕ frоm thе соuntrу is another factor to propel growth of the global market in this region.

Scope of the Report:

Detailed Segmentation:

Global Floriculture Market, By Type

• Bedding Plants
• Potted Plants
• Cut Flowers

Global Floriculture Market, By End use

• Conference and Activities
• Gift
• Personal Use

Key Players Covered:           

Key players operating in the market includesWаѕhіngtоn Вulb Соmраnу, Іnс, Наrvеѕt Flоwеrѕ Кеnуa, Вееkеnkаmр Grоuр, Оѕеrіаn, Јаmеѕ Fіnlау Lіmіtеd, Каruturі Glоbаl Lіmіtеd, Ѕеlесtа Кlеmm GmbН & Со. КG, Саrzаn Flоwеrѕ Кеnуа Ltd, Dümmеn Оrаngе, and Каrеn Rоѕеѕ.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global Floriculture Market by type, end use, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.