According to the research report titled ‘Global Floriculture Market Size study, by Product (Bedding Plants, Cut Flowers, Cut Foliage, Pot Plants, Others) by Application (Industrial, Decoration) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global floriculture market was valued at USD 42.80 billion in 2021 and is slated to expand at 7% CAGR during the analysis period, amassing a valuation of USD 68.73 billion by the end of 2028.

The development of global floriculture market is driven by numerous factors such as the proliferation of internet, increasing population with interest in gardening, and rising use of smartphones that has prompted huge volume of sales via online shopping.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/5065430/  

For the unaware, floriculture is the cultivation of plants in the nursery for several purposes like for personal use as well as in cosmetic and pharmaceutical industries as a raw material.

Besides, advancements in plant biotechnology, coupled with increasing use of biotech has facilitated demand for floriculture, thus creating lucrative prospects for the businesses in this line of work.

However, improper coordination regarding logistics between suppliers and customers as well as irregularities in productivity are likely to stymie the progress of the business sphere in the forthcoming years.

For a concise depiction of worldwide floriculture market situation, the report classifies it based on product and application, while furnishing growth rate forecasts for every vertical. This helps the stakeholders in analyzing the revenue potential of the industry space.

Speaking of geographical terrain, Europe market is poised to register a substantial revenue share during the study period, owing to presence of a huge landmass filled with nursery & ornamental plants, and flowers, etc., coupled with surging demand for potted saplings due to the increasing adoption of gardening activities.

Meanwhile, Asia Pacific industry is anticipated to register a significant growth rate through 2028, attributed to soaring disposable income, and growing population across the region.  

The established names in global floriculture industry include Karen Roses, Multiflora Ltd., Ruparelia Group, Dummen Orange, Marginpar B.V., The Kariki Group, Selecta Klemm GmbH & Co. KG., Karuturi Global Limited, Syngenta Flowers Inc., and Oserian Development Company Limited among others.