Floriculture Market

Global Floriculture Market Size (2024 to 2032)

The global floriculture market was expected to be valued at USD 58.24 billion in 2023 and is anticipated to reach USD 62.84 billion in 2024 and from USD 116.42 billion by 2032, growing at a CAGR of 6.50% from 2024 to 2032.

CURRENT SCENARIO OF THE GLOBAL FLORICULTURE MARKET

The study of growing flower-bearing plants and foliage is called floriculture also known as flower farming. It also includes cultivation of ornamental plants and production of seeds, grafting, buddings, cuttings and other planting materials. It is the complete development of flowers and ornamentals from seeds to the point of sale.

The demand for flowers is very high in the past few years and is expected to sustain in the forecast period as well. Technological advances in biotechnology and genome sequencing in plants has resulted in the development of new hybrid varieties of flowering plants and also increased the yield. Floriculture is transforming into a lucrative business due to its high growth potential.

MARKET DRIVERS

Developments in horticulture practices and greenhouse technology, advances in biotechnology and its applications on plants and rapidly growing commercial flower trade in developing countries are driving the market growth. However, the lack of better transporting facilities in developing regions and increasing demand for artificial flowers are restraining the market growth to an extent.

REPORT COVERAGE

SEGMENTAL ANALYSIS 

Global Floriculture Market By Product Type

Cut flowers hold the largest market share. It is because cut flowers are convenient to handle for export purposes on a commercial scale. Demand for bedding plants is increasing as they are being widely used for temporary seasonal displays around houses and other areas.

Global Floriculture Market By Application

Most of the flowers produced are used for personal use, either for decorative purposes or gifting.

REGIONAL ANALYSIS

Asia Pacific leads the floriculture market. This is due to the presence of the largest flower-producing countries, such as China and India. Also, Japan is one of the largest flower consumers in the world. Latin America is the fastest-growing market for floriculture due to the ever-growing flower trade in countries such as Colombia and Ecuador.

KEY PLAYERS IN THE GLOBAL FLORICULTURE MARKET

Syngenta Flowers, Karuturi, Rosebud, Beekenkamp, Queens Group, Dutch Flower Group, Washington Bulb, Finlays, Selecta One, Dümmen Orange. Some of the market players dominate the global floriculture market.

DETAILED SEGMENTATION OF THE GLOBAL FLORICULTURE INCLUDED IN THIS REPORT

This research report on the global floriculture market is segmented and sub-segmented into the following categories:

By Product Type

• Cut Flowers
• Foilage Plants
• Potted Plants
• Bedding Plants
• Others

By Application

• Personal Use
• Cosmetics
• Pharmaceuticals
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa