Cut Flowers Hold the Largest Share

08-10-2019    21:40   |    Reuters

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.

Floriculture Industry 2019

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Photo Credit: PublicDomainPictures from Pixabay 

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