Floriculture Market
Floriculture is a branch of horticulture and includes the cultivation of flowering plants, bedding plants, house plants, and ornamental plants for nurseries, gardens, and green houses. The term also includes the production of flowering plants through budding, cutting, grafting, and seeds. These plants are used as raw material for manufacturing cosmetics and personal care products such as facial creams and perfumes. Floriculture crops are also utilized in pharmaceutical industry in the production of medicines.
Floriculture trade has become important in many countries across the globe with almost 45 to 50 countries active in the production of flowers on a large scale. Thailand, the U.S., China, the Netherlands, and the U.K. are the top countries in terms of the production value. India is one of the major countries interested to emerge as an important production base for floriculture output in the near future.
Market Dynamics
Based on application, floriculture market is bifurcated into decoration and industrial segments. In industrial segment, floriculture finds its application in cosmetics, perfumes, and pharmaceutical industry. In 2021, decoration segment held dominant position in the global floriculture market and contributed 75.4%, in terms of revenue.
Among regions, in 2021, Europe held dominant position in the global floriculture market and contributed revenue share of 40.3%. Factors such as increasing production of cut flowers plants and pot plants in the region is predicted to major driver for the growth of Europe floriculture market in the near future.
Key features of the study:
Detailed Segmentation:
Table of Contents
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