Floriculture is also known as flower farming, as it deals with cultivating of ornamental and flowering plants. Floriculture products are used as gifts in conference and activities, and also as personal use. Types of floriculture includes bedding plants, potted plants, and cut flowers.
Global Floriculture Market Dynamics:
Manufacturers in developing economies cultivates high quality flowers and exports them to the developed economies such as Europe, US, and Japan. Exports for floriculture products have increased significantly owing to favorable climactic conditions, rich biodiversity, low labor costs, favorable government support which is expected to drive the growth of the Floriculture Market over the forecast period. Manufacturers are producing new varieties of flower owing to the several benefits offered by new flower variety which includes high productivity, tolerant to fungal infection and to withstand the changing climatic conditions. Furthermore, the fragrant and long-lasting blooms have in turn fetched the customers to buy the new variety of flowers which in turn is expected to drive the floriculture market over the forecast period
Analysis By Segmentation:
Based on type, the global floriculture market is segmented based on bedding plants, potted plants, and cut flowers. The cut flowers segment is expected to largest segment with a revenue of US$ 24,989.2 Mn in 2017, and is expected to continue its dominance during the forecast period.
Based on end use, the global floriculture market is segmented based on conference and activities, gift, and personal use. The gift segment is expected to largest segment with a revenue of US$ 33,054.6 Mn in 2017, and is expected to continue its dominance during the forecast period
Regional segmentation includes North America, Europe, Latin America, Asia Pacific and Middle East and Africa. Europe region is expected to account major share in term of revenue as compared to that of other region. The market in Europe was valued at US$ 25,384.8.0 Mn in 2017. Factors such cultural tradition, festivals and availability of wide varieties of floricultural products in the region is expected to drive the growth of floriculture market in Europe.
Key players operating in the Global Floriculture market includes Dümmen Orange, Karuturi Global Limited, Carzan Flowers Kenya Ltd., Oserian, Karen Roses, Harvest Flowers Kenya, Beekenkamp Group, James Finlay Limited, Selecta Klemm GmbH & Co. KG, and Washington Bulb Company, Inc.
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