(EMAILWIRE.COM, May 24, 2018 ) The Global Floriculture Market was worth USD xx billion in 2017 and is projected to grow at a CAGR of xx%, to reach USD xx billion by 2022. The study of growing flower bearing plants and foliage is called floriculture also known as flower farming. It also includes cultivation of ornamental plants and production of seeds, grafting, buddings, cuttings and other planting materials. It is the complete development of flowers and ornamentals from seeds to the point of sale.

The demand for flowers is very high in the past few years and is expected to sustain in the forecast period as well. Technological advances in biotechnology and genome sequencing in plants has resulted in the development of new hybrid varieties of flowering plants and also increased the yield. Floriculture is transforming into a lucrative business due to its high growth potential.

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Developments in horticulture practices and greenhouse technology, advances in biotechnology and its applications on plants and rapidly growing commercial flower trade in developing countries are driving the market growth. However, lack of better transporting facilities in developing regions and increasing demand for artificial flowers are restraining the market growth to an extent.

The Floriculture market is segmented by product type, application and region. Based on the product type, the market is segmented into Cut Flowers, Foilage Plants, Potted Plants, Bedding Plants and Others. Cut flowers hold the largest market share. It is because cut flowers are convenient to handle for export purposes on a commercial scale. Demand for bedding plants is increasing as they are being widely used for temporary seasonal displays around houses and other areas. By Application, the market is categorized into Personal Use, Cosmetics, Pharmaceuticals and Others. Most of the flowers produced are used for personal use either for decorative purpose or gifting.

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On the basis of region, the global Floriculture market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Asia Pacific leads the floriculture market. It is due to the presence of the largest flower producing countries such as China and India. Also, Japan is one of the largest flower consumers in the world. Latin America is the fastest growing market for floriculture due to the ever growing flower trade in countries such as Colombia and Equador.

Some of the major players in Floriculture market are Syngenta Flowers, Karuturi, Rosebud, Beekenkamp, Queens Group, Dutch Flower Group, Washington Bulb, Finlays, Selecta One, and Dümmen Orange.

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