Global Floriculture Market Analysis and Forecast

07-10-2019    20:04   |    Markets Gazette

Global Floriculture Market was valued at US$ 2.27 Bn in 2017 and is expected to reach US$ 4.0 Bn by 2026, at a CAGR of 7.34% during a forecast period.

Cut flowers are projected to hold the largest share in the market during the forecast period. The rising popularity of cut flowers among consumers due to its sweet fragrance and beauty. Moreover, it has features such as easy to handle and harvest and also it can be resistant to disease and pests. Gift segment is expected to lead the market growth during the forecast period. Floriculture products are rapidly used for gifting on special events or occasions is boosting the market growth.

Rising e-Commerce industry across the globe is propelling the growth of this market. Rising penetration of internet and smartphone is also boosting the floriculture market. In addition, increasing innovations in flowers such as changing colors of flowers using biotechnology are expected to fuel the market growth. Changing the lifestyle of consumers across the globe is expected to surge the market growth. Rising usage of floriculture products for various events is propelling the market growth across globally. Increasing investments in R&D is also expected to surge the market growth in a positive way during the forecast period. The report provides an in-detail list of drivers and restraints, which are influencing the market growth. Additionally, provides expected opportunities and emerging trends.

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Browse Full Report with Facts and Figures of Floriculture Market Report at: https://www.maximizemarketresearch.com/market-report/global-floriculture-market/23982/

Photo Credit: Elsemargriet from Pixabay 


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