Floriculture Market Valued at USD 59.01 Billion in 2023, Set for Strong Growth
Floriculture Market Comprehensive Insight:
Welcome to the forefront of the global Floriculture market with our latest report from Maximize Market Research. This comprehensive analysis not only highlights current trends but also forecasts future movements, giving you a clear pathway to navigate this dynamic industry.
Expected Expansion of Floriculture Market:
The Floriculture Market size was valued at USD 59.01 Billion in 2023 and the total Floriculture revenue is expected to grow at a CAGR of 8.1% from 2024 to 2030, reaching nearly USD 101.79 Billion by 2030.
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Extensive Report Scope & Methodology:
Our report thoroughly examines the Floriculture industry, focusing on strategic insights and competitive positioning of major players. Key components include:
- Import/Export Trends: Assessing trade dynamics to understand market viability.
- Demand & Supply Analysis : Key drivers affecting pricing and market behaviour.
- Regional Insights : Highlighting growth opportunities in emerging markets.
Employing a combination of primary and secondary research methodologies, along with a detailed SWOT analysis, we ensure you have a robust framework for decision-making.
Regional Insights: A Global Landscape:
Our regional analysis spans across critical markets in North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. By evaluating market size, growth patterns, and trade activities, we provide a comprehensive view of the Floriculture market's global footprint.
Key Regional Insights:
- North America: Strong innovation ecosystem and established infrastructure.
- Asia Pacific: Explosive growth driven by demographic shifts and industrialization.
- Europe: Balancing sustainability and technological advancement.
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Market Segmentation: In-Depth Analysis:
Our segmentation of the Floriculture market into distinct categories allows for targeted analysis and strategy formulation. Each segment has unique dynamics and opportunities that businesses can leverage for growth.
by Type
Cut Flowers
Bedding Plants
Potted Plants
Others
In 2023, the Cut Flowers sector accounted for the greatest portion of the Floriculture Market. The segment is also anticipated to expand at a CAGR of 8.2% over the projected period, per the MMR analysis. Because of their lovely scent and aesthetic appeal, cut flowers are becoming more and more popular with customers, which is responsible for the segment's rise. Cut flowers are also resistant to pests and disease, and they are simple to handle and harvest. Since cut flowers are Kenya's second-most-exported commodity after tea, the market is predicted to contribute significantly to the country's GDP.
by Application
Conference and Activities
Personal use
Gift
Others
Conferences and Activities, Personal Use, Gift, and Others are the divisions of the Floriculture Market. In 2023, the Gift segment accounted for 57% of the market, the highest share. Increased use of flowers for gifting on special occasions like birthdays, family get-togethers, Mother's Day, Valentine's Day, and others is driving the expansion of the floriculture market worldwide, according to the gift segment. Over 60% of all flowers and ornamental plants sold worldwide in 2023 are bought as gifts, 20% are bought for weddings or funerals, and over 20% are bought for the home or workplace, according to a report.
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Industry Leaders: Key Players in Focus:
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
For deeper market insights, peruse the summary of the research report: https://www.maximizemarketresearch.com/market-report/global-floriculture-market/23982/
Identify the key players driving the Floriculture market forward. Our report answers critical questions such as:
What is the current landscape of the Floriculture market?
What was the market size in 2023?
What growth strategies are industry leaders adopting?
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Key Offerings: What You Can Expect:
- Historical Market Size & Competitive Landscape (2018-2023)
- Pricing Trends by Region
- Market Forecast (2024-2030) by Segment
- Market Dynamics: Drivers, Restraints, and Opportunities
- PESTLE & PORTER Analysis for Strategic Clarity
- SWOT Analysis of Potential Opportunities
- Legal and Regulatory Insights by Region
- Strategic Recommendations for Market Engagement
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