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National & World Ag News Headlines |
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Global Floriculture Market to Grow 5 Percent Over Next Decade
USAgNet - 04/26/2018
MarketResearch.biz announced publication of its most recently generated research report titled, "Global Floriculture Market by Type, By End Use and Region - Global Forecast to 2026", which offers a holistic view of the floriculture market through systematic
segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2017-21) is projected to be $370.4 billion, which is expected to increase significantly over the latter part of the five-year forecast period. According to report, the
floriculture market is projected to reach a value of $103.9 billion in 2026 at a CAGR of 5.0% over the forecast period.
Increasing number of exports for floriculture products is expected to boost the growth of floriculture market over the forecast period. Changing life styles and rapid modernization of people are other factors expected to boost the global floriculture market. In
addition, manufacturers are developing and breeding new varieties of cut flowers which in turn is expected to create demand for floriculture products over the forecast period. The demand of floriculture products is rapidly growing owing to its use in various
events such as social, political, sport, and entertainment.
However, stringent regulations regarding import of floriculture products is major factor restraining growth of the global floriculture market. Additionally, high cost incurred during transporting of flowers is other factors expected to limit the growth of the global
floriculture market over the forecast period.
Manufacturing companies can focus on improving the quality of floriculture products by improving the infrastructure for storage and transportation thus creating potential opportunities for new as well as existing players operating in floriculture market.
The comprehensive research report comprises a complete forecast of the global floriculture market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global floriculture market
is expected to expand at a moderate CAGR of 5.0% during the forecast period.
The market report has been segmented on the basis of type, end use, and region. The types segment includes bedding plants, potted plants, and cut flowers. The end use segment includes conference and activities, gift, and personal use. The regions covered in
the analysis are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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