Floriculture Market Poised to Grow Significantly Due to Rising Demand for Ornamental Plants
The global floriculture market comprises cultivation and trade of cut flowers and ornamental or potted plants. It involves propagating, growing, harvesting, and bringing flowers and ornamental plants to market. The industry has witnessed considerable growth over the past few years owing to increased consumer spending on gifts, occasions, parties, and other events. Global floriculture market was valued at US$ 54.2 Bn in 2022 in terms of revenue, exhibiting a CAGR of 7.66 % during the forecast period (2023 to 2030). Floriculture Market Demand has become a profitable business worldwide as flowers carry cultural, religious and emotional value. The availability of varied and exotic flowers throughout the year due to modern greenhouse cultivation is driving the demand. Key Takeaways Key players - Key players operating in the floriculture are Floranext, Karuturi Global Ltd., Fluonia, Flower Soul, Verbeek Export B.V, and Selecta one. Key opportunities - Rising demand for exotic fl...