Global Floriculture Market Revenue Projected Around USD 107.32 Billion By 2032

01-Apr-2024 | Facts and Factors

Facts and Factors Market Research has published a new report titled Floriculture Market Size, Share, Insights Report By Type (Cut Flowers, Potted Plants, Bedding Plants, and Others), By Application (Gifting, Personal Use, and Conferences & Activities), and By Region – Global Industry Analysis, Emerging Trends, Demand and Forecast Report 2024 – 2032. According to the report, the global floriculture market was valued at approximately USD 59.25 Billion in 2023 and is expected to reach a value of around USD 107.32 Billion by 2032, at a CAGR of around 6.82% between 2024 and 2032.

Global Floriculture Market Size

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Floriculture is a branch of horticulture that exhibits the cultivation of both flowers & ornamental plants for gardens and floristry. Floriculture includes flowering plants, bedding plants, houseplants, pot plants, and cut flowers. Flowering plants are sold in pots and they include poinsettias, florist azaleas & chrysanthemums, foliage plants, and orchids. Bedding & garden plants include young flowering plants as well as vegetable plants.

Browse the full “Floriculture Market Size, Share, Insights Report By Type (Cut Flowers, Potted Plants, Bedding Plants, and Others), By Application (Gifting, Personal Use, and Conferences & Activities), and By Region – Global Industry Analysis, Emerging Trends, Demand and Forecast Report 2024 – 2032” Report at https://www.fnfresearch.com/floriculture-market

Rise in the online sales of flowers to boost the market trends

The rise in the usage of smartphones and the internet along with a rise in the population of the tech-savvy millennial consumer is expected to drive the growth of the floriculture market over the forecast timeline. Moreover, the use of online distribution channels for flower sales is gaining more prominence as compared to retail outlets & traditional florist shops.

Moreover, escalating awareness about cut flowers along with growing demand for these flowers in countries like India & China during festivals is likely to boost the floriculture market trends. Apart from this, the massive need for high-quality flowers and the use of biotechnology for altering the color of flowers to help them survive in extreme climates will boost the expansion of the floriculture industry during the forecast timeframe.

Furthermore, the rise in specialized retail channels like supermarkets across the developed economies such as the UK will boost the sale of floriculture products, thereby steering the growth of the floriculture industry during the forecast timeline. Nonetheless, less promotion of exporting floricultural products due to export constraints and rapid change in the buying behavior of the customer will restrict the growth of the industry over the forecast timespan.

Report Scope

Report Attribute

Details

Market Size in 2023

USD 59.25 Billion

Projected Market Size in 2032

USD 107.32 Billion

CAGR Growth Rate

6.82% CAGR

Base Year

2023

Forecast Years

2024-2032

Key Market Players

Beekenkamp Plants BV, Dumman Orange, Karen Roses, Karuturi Global Limited, Multiflora Ltd., Oserian Development Company Limited, Ruparelia Group, Selecta Klemm Gmbh & Co. KG, Syngenta Flowers Inc., The Kariki Group, and Others.

Key Segment

By Type, By Application, and By Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa

Purchase Options

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Cut flowers to dominate the product type segment over the forecast timeline

The cut flower segment, which accrued revenue of nearly USD 32.52 billion in 2022, is expected to dominate the overall market revenue by 2027.  The introduction of new technologies across the cut flower sector to enhance its output, as well as usage, will propel the growth of the segment during the forecast timeline. Apart from this, the massive use of the cut flowers for decoration including vase arrangements, funerals, and weddings along with the use of these products to beautify households & public places will drive the segmental growth over the forecast timeframe.

The institutions/events to lead the end-use segment over the forecast timeline

The growth of the institutions/events segment can be attributed to the massive demand for flowers for the purpose of decoration during numerous occasions will drive the growth of the segment during the estimated timeline. During the events, flowers are used for exchanging greetings and the purpose of aesthetics in many countries across the globe and this will propel the segmental growth over the forecast period.

Europe to dominate the regional market revenue share over the forecast timeline

Europe is slated to contribute a major revenue share of the overall market during the period from 2024 to 2032. The regional market growth can be attributed to countries like Holland being the largest sellers of cut flowers to other countries. Apart from this, the increase in the pot plant production in the region along with the highest density flower production per land hectare in Europe will further accelerate the regional market growth trends. Countries like the UK and Germany are likely to be the major regional revenue pockets.

Top Market Players

Some of the key players dominating the global floriculture market include Beekenkamp Plants BV, Dumman Orange, Karen Roses, Karuturi Global Limited, Multiflora Ltd., Oserian Development Company Limited, Ruparelia Group, Selecta Klemm Gmbh & Co. KG, Syngenta Flowers Inc., The Kariki Group, and others.

This report segments the floriculture market as follows:

By Type

  • Cut Flowers
  • Potted Plants
  • Bedding Plants
  • Others (Annuals, Bulbs)

By Application

  • Gifting
  • Personal Use
  • Conferences & Activities

Global Floriculture Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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