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Description
Floriculture Market size was valued USD 48.2 billion in 2021 and expected to reach USD 75.4 billion by 2028, at a CAGR of 6.6% from 2022-2028. Some of the key factors fueling the market growth include rising internet penetration is helping create awareness for floriculture products among consumers, development of horticulture practices and greenhouse technology, increasing popularity of ayurveda and other therapies and growing specialized retail channels in emerging countries. Also, technological improvements provides huge growth opportunity for the market growth. However, growing demand for artificial flowers are hindering the market growth. The report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global floriculture market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global floriculture market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global floriculture market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global floriculture products. Global floriculture market is surging owing to frequent acquisitions and launchings by the market players. For Instance, in Aug 2019, Ball Horticultural partnered with AGA Agro. The partnership will provide AGA access to the vast floriculture offering of Ball, and will lead to the expansion of its product assortment, including entry into new product categories such as indoor flowering plants and vegetative flower varieties.
