NEW
YORK, July 1, 2024 /PRNewswire/ -- The global
flower and ornamental plants market size is estimated to grow by
USD 37.8 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 6.69% during the forecast period. Use of flowers and plants for
decorative and aesthetic purposes is driving market growth, with a
trend towards expanding distribution channels in
business-to-business (B2B) and business-to-consumer (B2C) spaces.
However, dependence on climatic conditions poses a challenge. Key
market players include 1 800 FLOWERS.COM Inc., Astra Fund Holland
BV, Bailey Nurseries Inc., Ball Horticultural Co., Beekenkamp
Verpakkingen B.V, Bridge Farm Group, Coletta and Tyson Ltd., Daleys
Fruit Tree Nursery, Double H Nurseries Ltd., Dutch Flower Group,
Farplants Sales Ltd., Flamingo Horticulture investments, FTD LLC, H
Andreas GmbH, Hofland Flowering Plants, Kurt Weiss Greenhouses
Inc., Newey Ltd., Nyee Phoe Group, Royal FloraHolland, and Sakata
Seed Corp..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Product (Cut flowers
and Potted plants), End-user (Commercial and Residential), and
Geography (APAC, Europe, North America, South America, and Middle
East and Africa)
|
Region
Covered
|
APAC, Europe, North
America, South America, and Middle East and Africa
|
Key companies
profiled
|
1 800 FLOWERS.COM Inc.,
Astra Fund Holland BV, Bailey Nurseries Inc., Ball Horticultural
Co., Beekenkamp Verpakkingen B.V, Bridge Farm Group, Coletta and
Tyson Ltd., Daleys Fruit Tree Nursery, Double H Nurseries Ltd.,
Dutch Flower Group, Farplants Sales Ltd., Flamingo Horticulture
investments, FTD LLC, H Andreas GmbH, Hofland Flowering Plants,
Kurt Weiss Greenhouses Inc., Newey Ltd., Nyee Phoe Group, Royal
FloraHolland, and Sakata Seed Corp.
|
Key Market Trends Fueling Growth
The global flower and ornamental plants market is experiencing
significant growth due to the expansion of distribution channels.
Traditional retailers like Costco and Walmart, as well as
e-commerce platforms, are increasing product availability and
market penetration. In January 2020,
1-800-Flowers introduced a mobile app with advanced features to
enhance customer experience. Online retailers provide product
descriptions, price comparisons, and gardening tips, making
purchasing decisions easier for consumers. Companies like
ProFlowers offer international delivery of fresh flowers. This
trend, driven by the Internet's increasing penetration and
smartphone usage, will positively impact the market during the
forecast period.
The ornamental plants and flowers market is thriving with
various trends. These include the use of potted plants in homes and
offices, the increasing popularity of flowering trees, and the
demand for low-maintenance plants. The trend towards sustainability
is also driving the use of native plants and the practice of
landscaping with indigenous species. Another trend is the rise of
flower delivery services and the increasing popularity of seasonal
flowers. Additionally, there is a growing interest in edible
flowers and their use in food and beverages. The market for
ornamental plants and flowers is expected to continue its growth
trajectory in the coming years.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The flower and ornamental plants industry faces significant
challenges due to climatic conditions. Some plants need ample
sunlight to grow, while others can thrive in shaded areas.
Artificial illumination and temperature control are necessary for
many nurseries and growers. Extreme temperatures and ice
accumulation can harm plants. Kenya, a major flower-producing country,
experiences below-average rainfall and drought, threatening its
supply in the EU market. Rising temperatures also negatively impact
pollination. These climatic issues pose risks to the global flower
and ornamental plants market's growth.
- The Flower and Ornamental Plants market faces several
challenges. Production costs, such as land, labor, and fertilizers,
continue to rise. Consumers desire a wide variety of flowers and
ornamental plants, which increases the need for cultivating diverse
species. Additionally, climate and weather conditions impact plant
growth and availability. Furthermore, competition from other
countries with lower production costs poses a significant
challenge. Consumers also prefer sustainable and eco-friendly
practices, adding to the complexity of the market. Lastly, the
trend towards automated and precision farming is increasing,
requiring significant investment in technology and
infrastructure.
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challenges - Download a Sample Report
Segment Overview
This flower and ornamental plants market report extensively
covers market segmentation by
- Product
- 1.1 Cut flowers
- 1.2 Potted plants
- End-user
- 2.1 Commercial
- 2.2 Residential
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Cut flowers- The Flower and Ornamental Plants Market
is thriving, with sales consistently increasing. Various types of
flowers and ornamental plants are in high demand, including roses,
tulips, sunflowers, and succulents. Retailers and wholesalers
source these plants from local and international suppliers.
Consumers purchase these plants for personal use, events, and
commercial establishments. The market's growth can be attributed to
the rising awareness of indoor gardening and the desire for greener
spaces. Additionally, the availability of a wide range of plant
varieties and convenient online shopping options further boosts
market growth.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
The Flower and Ornamental Plants Market encompasses a wide range
of industries, including interior decoration and landscaping. This
market is driven by the aesthetic appeal of cultivated flora, with
key players focusing on plant breeding for new and unique
varieties. Floriculture, the production of cut flowers, plays a
significant role in this market, supplying commercial enterprises
such as florists, event planners, and landscapers with a diverse
range of options. Sweet Peas, Gardenias, Stephanotis, Buttercups,
Peonies, Hydrangeas, Lily, Tulips, Roses, and many other types of
ornamental plants are in high demand for their beauty and ability
to enhance both residential and commercial spaces. Cross breeding
and sustainability are also important considerations in the
development of new plant varieties and the overall growth of the
market. The floral industry continues to thrive, providing
consumers with a connection to nature and contributing to the
overall aesthetic appeal of our surroundings.
Market Research Overview
The Flower and Ornamental Plants market encompasses a wide range
of plant species grown for their aesthetic value. These plants
include annuals, perennials, shrubs, and trees. The market is
driven by various factors such as increasing urbanization, growing
demand for landscaping, and the rising trend of indoor gardening.
Consumers seek out these plants for their ability to enhance the
visual appeal of both residential and commercial spaces.
Additionally, the market is influenced by seasonal trends, with
certain plants being more popular during specific seasons. The
segment for cut flowers is a significant part of the market, with a
focus on supplying fresh and high-quality blooms for various
occasions. Overall, the Flower and Ornamental Plants market is a
dynamic and diverse industry that caters to a broad range of
consumer needs and preferences.
Learn and explore more about Technavio's in-depth research
reports
As a Senior Research Analyst with over 7 years of experience, I
bring a wealth of expertise in the avocado and greenhouse markets.
I specialize in conducting comprehensive market research,
competitive analysis, and financial modeling. My work involves
in-depth market analysis, precise data interpretation, and
strategic advisory, enabling stakeholders to make informed
decisions. I also generate detailed reports that highlight market
trends and opportunities. Additionally, I mentor junior analysts,
fostering a collaborative and knowledgeable team environment. My
insights and strategic guidance help drive success in these dynamic
and evolving industries.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Cut Flowers
- Potted Plants
- End-user
-
- Geography
-
- APAC
- Europe
- North America
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
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