Global Floriculture Market Is Anticipated To Witness Significant Growth Due To Rising Demand For Floriculture Goods And Rising Acceptance Of Indigenous Medicines

 

Floriculture 

Floriculture is one of the most lucrative sectors of horticulture. It is a growing industry and a multi-billion dollar business. Moreover, it offers a wide range of opportunities to growers, entrepreneurs and farmers alike. Floriculture includes various crops such as bedding plants, potted flowering plants, cut cultivated greens, and ornamental plants. Bedding plants are the largest segment of the floriculture industry, making up about two-thirds of the production. Bedding plants are grown for seasonal display in outdoor containers. This type of plant is produced during the spring and summer seasons. The season for this crop is short. In most markets, bedding plants are sold in the months of May and June. Potted plants, on the other hand, are mature flowering plants, grown in pots. Research into developing new floral varieties is increasing with the increase in demand. The use of tissue culture has also gained attention in recent years.

Market Dynamics:

Increasing demand and rising product launches is estimated to augment growth of the global Floriculture Market during the forecast period. For instance, in June 2022, Syngenta Flowers declared the launch of Syngenta Flowers’ Stars collection. This is a collection, a selection of the company’s best genetics along with an exclusive marketing support package and unique story. Moreover, high investments and maintenance costs are anticipated to restrain growth of the global floriculture market during the forecast period.

Impact of COVID-19:

During the pandemic many production facilities were shut down this had a severe impact on the Floriculture Market. During the pandemic people were forced to stay at home and production of several non-essential companies was halted by the government. These restrictions affected many farmers planning to cultivate various flowering plants, and this led to wastage flowering plants. Several supply chains were also disturbed during the pandemic. As these supply chains ensured cost-effective, fast and smooth delivery, disruptions in these supply chains led to huge economic losses.  All these factors restrained the growth of the global floriculture market. However, cold chain protocols were growing amongst B2B flower buyers, and this had a positive impact on the market.

Key Takeaways:

The global Floriculture Market is estimated to witness robust growth, exhibiting CAGR of XX% during the forecast period, owing to growing acquisitions in the market. For instance, Selecta one and Moraglia Breeding have declared a strategic alliance in 2022. In this alliance, Selecta one will be selecting varieties for commercialization globally under their license agreements and exclusive breeding.

Asia Pacific is anticipated to witness significant growth in the global Floriculture Market over the forecast period, due to rising demand for flowers and growing changes in the manufacturing methods.

Key players active in the global Floriculture Market are Beekenkamp Group. T, Syngenta, Karuturi lobal Ltd., Florance Flora, Verbeek Export B.V., Dummen Orange, Oserian Group, Florensis Flower Seeds UK Ltd., Flamingo Horticulture Ltd., and Danziger Group.

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