The global cut flower market size is estimated to reach US$ 39,596.9 million in 2024. The cut flower sales are expected to witness a CAGR of 4.9% from 2024 to 2034. By 2034, the cut flower demand is anticipated to reach US$ 63,887.5 million.
The growing need for floral selections that are ethically and sustainably obtained is one of the main reasons for accelerating the cut flower market growth. The environmental impact of flower cultivation is gaining attention from consumers, who are now looking for organic and eco-friendly solutions.
Consumer preferences evolve as new variations and trends appear. In addition to more uncommon and exotic flower species, they are getting interested in fl arrangements and floral subscription services. Online shopping has boosted cut flower market growth due to consumers’ easy access to a wide array of cut flowers.
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The perishable nature of flowers and preserving their freshness and quality during storage and transit are some of the key obstacles in the cut flower industry. Cut flowers are more expensive due to these transportation expenses, making them less affordable for customers on a limited budget. These factors act as restraints in the market.
New Opportunities for Cut Flower Producers
The demand for cut flowers has a lot of room to grow since consumers are becoming increasingly involved in eco-friendly goods. The cut flower producers are concentrating on offering cut flowers that are produced sustainably to meet consumer demand. The rise of eCommerce platforms drives new prospects by enabling producers to contact a significant consumer base. The Cut flower providers have a chance to take advantage of innovative technology in the marketplace.
Since many tourists like to buy fresh flowers as souvenirs or to spruce up their lodging, the tourism industry offers a sizable opportunity for the cut flower market. Manufacturers of cut flowers can access a profitable and expanding consumer base by focusing on the market and offering premium, freshly cut flowers.
Regional Outlook
- The demand for cut flowers is fueled by rising consumer expenditure on weddings, celebrations, and home décor. North America’s primary markets are the United States, Canada, and Mexico.
- The growing need for floral décor in homes and workplaces and the popularity of floral arrangements for occasions stimulate the demand for cut flowers. Europe’s three most significant markets are the United Kingdom, Germany, and France.
- The growing demand for floral arrangements for events and home and office décor encourages the demand for cut flowers. China holds a significant market share in the Asia Pacific region, with Japan and India following closely behind.
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Competitive Landscape
Several major cut flower vendors hold a significant portion of the global market, which is highly concentrated. With the primary goal of creating premium cut flowers, most cut flower companies invest a lot of money in thorough research and development. Major cut flower providers’ primary strategies include product portfolio expansion, mergers, and acquisitions.
Key Cut Flower Manufacturers:
- Ball Horticultural Company
- Carzan Flowers K Ltd.
- Karen Roses
- Karuturi Global Limited
- Oserian Development Company Limited
- Rosebud Ltd.
- Syngenta Flowers Inc.
- The Kariki Group
- The Queen’s Flowers
- Washington Bulb Co., Inc.
Recent Developments
- Floriday introduced “trade settings” in February 2023 to enable growers and buyers to set up the terms of their trade agreements. Growers and buyers find it easier to trade with each other.
- Select a One and Moraglia Breeding jointly declared in 2022 that they had formed a new, official strategic relationship. The logistics capabilities and knowledge, including a solid strategy, supply chain, and team management, are significantly strengthened by this strategic partner.
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