LONDON–(BUSINESS WIRE)–#Globalflowerandornamentalplantsmarket–The global flower and ornamental plants market is expected to grow by USD 28.98 billion as per Technavio. This marks a market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of almost 6%.
Request challenges and opportunities influenced by COVID-19 pandemic – Request free sample pages of the flower and ornamental plants market
Read the 120-page report with TOC on “Flower and Ornamental Plants Market Analysis Report by Product (Cut flowers and Potted plants), Geography (APAC, Europe, North America, South America, and MEA), and the Segment Forecasts, 2020-2024”.
The market is driven by the use of flowers and plants for decorative and aesthetic purposes. In addition, the growth in floriculture is anticipated to boost the growth of the flower and ornamental plants market.
Occasional flowers and ornamental plants are extensively used for decorative purposes in social events, special occasions and festivals. They hold high importance and contribute a significant portion of the budget in wedding ceremonies, particularly in the Indian market. In western markets, flowers such as gardenias, sweet peas, Stephanotis, buttercups, peonies, hydrangeas, lily, tulips, and roses are highly popular and are used in various ceremonies. Besides, rising disposable incomes, availability of several varieties of decorative plants, and growing focus on improving aesthetics are increasing consumer spend on flowers and ornamental plants. These factors are fueling the growth of the global flower and ornamental plants market.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Major Five Flower and Ornamental Plants Market Companies:
1-800-FLOWERS.COM Inc. operates its business through segments such as Consumer Floral, BloomNet Wire Service, and Gourmet Foods & Gift Baskets. The company offers both flowers and ornamental plants. Some of the variants are orchids, bonsai, succulents, and others.
Astra Fund Holland BV
Astra Fund Holland BV operates its business through segments such as Cut flowers, Pot plants, and Outdoor plants. The company offers cut flowers, pot plants, and outdoor plants.
Ball Horticultural Co.
Ball Horticultural Co. operates its business through a unified segment. The company offers various products under Aster Matsumoto Series, Bells of Ireland (Moluccella), Campanula Champion Pro Series, and others.
Dutch Flower Group
Dutch Flower Group operates its business through a unified segment. The company offers fresh cut flowers through its retail plants such as Green 4 Retail, Hamiplant, OZ Planten, and Vida Verde.
Farplants Sales Ltd.
Farplants Sales Ltd. operates its business through segments such as Plants and Planted containers. The company offers plants under its hotspot category, bedding category, and others.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio’s SUBSCRIPTION platform
Flower and Ornamental Plants Market Product Outlook (Revenue, USD Billion, 2020-2024)
Flower and Ornamental Plants Market Regional Outlook (Revenue, USD Billion, 2020-2024)
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.
Request a free sample report
Related Reports on Utilities Include:
Global Smart Water Meter Market – Global smart water meter market by technology (AMI and AMR), end-user (residential and commercial), and geography (APAC, Europe, MEA, North America, and South America).
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]