By registering a CAGR of 8.6%, Floriculture Market is Expected To Garner USD 3.65 Billion by The End Of 2027 (With Impact Analysis of COVID-19)


News provided by

Kenneth Research

Jun 08, 2020, 11:50 EST


New York, United States, Jun 08, 2020, 11:50 /Comserve / -- Global floriculture market is expected to flourish at a CAGR of 8.6% during the forecast period. Further, the market of floriculture is expected to garner USD 3.65 billion by the end of 2027.

According to recent research study conducted by Kenneth Research, Global floriculture market is expected to flourish at a CAGR of 8.6% during the forecast period. Further, the market of floriculture is expected to garner USD 3.65 billion by the end of 2027.

“The CAGR value Could change due to COVID-19 Pandemic”

Floriculture or flower farming is a branch of horticulture which comprises the cultivation of ornamental plant, flowering for pot plant, nurseries etc. It is the cultivation of flower and nourishes them with one goal in mind, the maximum production of flowers and flower buds. The main focus of farmers in floriculture is that they usually experiment new varieties to improve buds and flower developments.

Download/Request Sample Copy of Strategic Report: 
https://www.kennethresearch.com/sample-request-10076222

Buds and flower creation includes grow room requirement, greenhouse needs, plant nutrition, irrigation, breeding new strains, pest management. Cultivation of floriculture focuses on plant spacing, pruning, ideal flower harvest time frame, flower heads and other parts of the plant

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

Market Size and Forecast

Global floriculture market is expected to flourish at a CAGR of 8.6% during the forecast period. Further, the market of floriculture is expected to garner USD 3.65 billion by the end of 2027. In recent years, Japan has the largest importers of cut flower from Vietnam. Increasing demand for cut flowers for personal use, occasions, gift purpose is expected to boost the growth of floriculture market. High quality flower type such as lily, orchids and roses captures the high demand in floriculture market.

In the terms of regional platform, Asia Pacific dominated the overall floriculture market in 2016. Further, Asia Pacific region is expected to continue its dominance over the forecast period. This can be attributed to the high demand of cut flowers in the region. Further, rising government participation in the adoption of floriculture is expected to foster the growth of the floriculture market. Government is also providing high yield variety of seed and pesticides to promote the growth of floriculture in their respective countries.

In North America region, Managau accounted for the largest market share of floriculture market. Additionally, rising adoption of floriculture by the U.S. residential and commercial areas are anticipated to garner the growth of the market in the nation. Further, Canada is also expected to contribute significantly to the growth of floriculture market due to the rising public demand.

Asia Pacific is projected to witness significant growth over the forecast period. Increasing awareness of cut flower in the region is expected to swell the demand for floriculture during the forecast period. Additionally, China and India are expected to be the major contributor to the growth of the floriculture market over the forecast period.

The market in Europe accounted for highest revenue share in the global floriculture market in 2016, and is expected to register a CAGR of over 5.9% between 2018 and 2027 owing to the increasing consumption of floriculture products in the countries such as Denmark, Netherland and Switzerland.

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

Download/Request Sample Copy of Strategic Report: 
https://www.kennethresearch.com/sample-request-10076222

Key Player

Dümmen Orange,
Company Overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
Syngenta Flowers,
Finlays, Beekenkamp,
Karuturi, Oserian,
Selecta One,
Washington Bulb,
Arcangeli Giovanni & Figlio, Carzan Flowers,
Rosebud,
Kariki, Multiflora,
Karen Roses,
Harvest Flower,
Queens Group,
Ball Horticultural,
Afriflora, Benary,
Danziger, Sakata
Scope and Context

Growth Driver and Challenges

Global floriculture market is entirely dependent on the awareness of cut flower in the global market where as it also comprises the personal disposable income of consumer who shows their buying behavior towards the cut flower industry. Country like India and China has the largest demand of floriculture market because of their festivals and occasion. High quality flowers are exported and imported from one country to another because of high demand. Growing population living standard is one of the key factors which are driving the market of floriculture market.

According to USDA – National Agricultural Statistics Service Floriculture Crops Cut flowers are usually sold in bunches or as bouquets with cut foliage. The production of cut flowers is specifically known as the cut flower industry. Farming flowers and foliage employs special aspects of floriculture, such as spacing, training and pruning plants for optimal flower harvest; and post-harvest treatment such as chemical treatments, storage, preservation and packaging. In Australia and the United States some species are harvested from the wild for the cut flower market.

At present, floriculture market includes some key strategy such as crop bedding, potting plant, partnership and crop investigation. Further, lack of awareness regarding the benefits in rural area is also expected to restrain the growth of floriculture market by 2027.

There are two major challenges in floriculture market is lack of proper responsiveness on cultivation measures and marketing of flower, High cost associated with the adoption of modern technology the government policies and support from the foreign investors help to export cut flowers at lower prices, which is fueling the market production.

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

Download/Request Sample Copy of Strategic Report: 
https://www.kennethresearch.com/sample-request-10076222

Market Segmentation

Our in-depth analysis has segmented global floriculture market into the following segments:

By Product type

Cut Flowers
Bedding Plants
Potted Plants
Other
By Applications

Personal Use
Gift
Conference & Activities
Others
By Price Range

Premium Price
Medium
Low Price
By Region

Global walking cart market is further classified on the basis of region as follows:

North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis.

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

Download/Request Sample Copy of Strategic Report: 
https://www.kennethresearch.com/sample-request-10076222

WHAT IS THE SCOPE OF THE REPORT WITH IMPACT OF COVID-19?

This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

WHICH MARKET DYNAMICS AFFECTS THE BUSINESS DURING COVID-19?

The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

  • Key Topic Covered in this Report
  • Market Growth Opportunities
  • Leading Market Players
  • Market Size and Growth Rate
  • Market Growth Drivers
  • Company Market Share
  • Market Trends and Technological Innovations
  • Impact Analysis of COVID-19 (CORONA Pandemic) on Global Market

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market)."

Request to Fill the Form to Get Sample Copy of This Report: https://www.kennethresearch.com/sample-request-10076222

About Kenneth Research:

In a global economy, a significant change in the industry makes it essential for professionals to keep themselves updated with the recent market situations. Kenneth Research provides market research reports to different individuals, industries, associations, and organizations with the aim of helping them to take prominent decisions. Our research library comprises of more than 100,000 research reports provided by more than 25 market research publishers across different industries.


For more information, please contact:

David

Kenneth Research
Email: sales@kennethresearch.com
Tel: +1-(347)-627-0064

Related Links
https://www.kennethresearch.com



Also from this source


Neuroendovascular Coil and Non-Coil Devices Market Research Report Examines Latest Trends, Size, Status and Regional Forecast

The global neuroendovascular coil and non-coil devices market is estimated at US$ XX Billion in 2016


Drip Irrigation Market Is Projected To Reach USD 4.3 Billion Till 2025 by Registering A CAGR of 10.5% (With Impact Analysis of COVID-19)

the global drip irrigation market is anticipated to reach USD 4.3 billion by the end of 2023 witness


Explore


More news releases in similar topics