New York, United States , April 26, 2023 (GLOBE NEWSWIRE) -- The Global Cut Flowers Market Size is to Grow from USD 35.6 Billion in 2022 to USD 53.9 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 4.2% during the projected period. The global cut flower market is expected to expand in the coming years, owing to factors such as rising consumer demand for fresh flowers, the rise of e-commerce and online flower delivery services, and the expansion of global trade networks. However, the market may face challenges such as fluctuating prices, supply chain disruptions, and changing consumer preferences, which could have an impact on industry players' growth and profitability.
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The global cut flowers market refers to the trade of cut flowers that are typically used for decoration. Roses, lilies, chrysanthemums, carnations, and other flowers may be used. Several factors drive the cut flowers market, including rising demand for ornamental plants, the increasing popularity of floral gifting, the increased use of flowers in various events and occasions, and the emergence of new varieties of cut flowers. Throughout the forecast period, the growing trend of using cut flowers for events, special occasions, ceremonies, parties, and welcoming and greeting is expected to drive the global cut flower market to expand. With the rise of e-commerce and online delivery services, consumers can now order flowers from anywhere in the world, as the result expanding the global market for cut flowers. Online platforms have also increased market competition by allowing small-scale producers to reach a larger audience. Seasonal demand influences the cut flower market, with certain flower types in high demand during specific holidays and occasions such as Valentine's Day, Mother's Day, and weddings. However, cut flower prices can be highly volatile, influenced by factors such as weather, currency exchange rates, and supply and demand imbalances. This makes it difficult for producers and suppliers to plan their production and pricing strategies, potentially affecting their profitability.
Browse key industry insights spread across 200 pages with 110 market data tables and figures & charts from the report on "Global Cut Flowers Market Size, Share, and COVID-19 Impact Analysis, By Type (Carnation, Rose, Gerbera, Chrysanthemum, Lilium, and Others), By Application (Home & Commercial), By Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores/Florists, Online Retail), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032)". Get Detailed Report Description Here:
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The rose segment is expected to hold the largest share of the global cut flowers market during the projected period.
The global cut flowers market is divided into carnation, rose, gerbera, chrysanthemum, lilium, and others. Among these, the rose segment is expected to account for the majority of the global cut flowers market during the forecast period. Roses are popular cut flowers that are widely grown and consumed around the world. The explanation for their rise is that they are known for their beauty, fragrance, and versatility, and are used in a variety of floral arrangements for various occasions such as weddings, Valentine's Day, and Mother's Day.
The commercial segment of the global cut flowers market is anticipated to hold the largest share over the predicted period.
The global cut flowers market is divided into two categories: home and commercial. The commercial segment of the global cut flowers market is expected to have the largest share over the forecast period. The increase can be attributed to the high demand for cut flowers in the commercial sector, particularly in the wedding and event planning industry, where cut flowers are a staple for decoration and ambiance. The commercial sector of the global cut flowers market contributes significantly to the industry, driven by demand for floral arrangements for events, weddings, funerals, and the hospitality industry.
The supermarkets & hypermarkets segment is estimated to hold the largest share of the global cut flowers market during the forecast period.
The global cut flowers market is divided into three segments based on distribution channel: supermarkets and hypermarkets, specialty stores/florists, and online retail. The supermarkets and hypermarkets segment are expected to account for the largest share of the global cut flowers market during the forecast period. The reason for the rise in supermarkets and hypermarkets is that they frequently offer a wide variety of cut flowers at low prices, making them accessible to a large customer base. Cut flowers are available in these retail chains' floral and gifting sections, and customers can purchase them alongside their groceries or household items.
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The Europe region is estimated to hold the largest share of the global cut flowers market during the predicted timeframe.
Europe is expected to hold the largest share of the cut flowers market over the study period. The European Union consumes more than half of the world's flowers each year, according to the Centre for the Promotion of Imports from Developing Countries, and it includes many countries with high per capita utilisation of cut flowers. The Netherlands is the world's largest cut flower exporter, with a well-developed industry and infrastructure for flower cultivation, distribution, and sale. Germany, France, and the United Kingdom are also important European markets. During the forecast period, North America is expected to grow at the fastest CAGR in the global cut flowers market, with the United States being the region's largest consumer of cut flowers. The growing popularity of cut flowers for personal use, such as home decor, gift-giving, and personal enjoyment, is driving the market. Commercial use in the event and wedding planning industries, as well as floral arrangements in hotels, restaurants, and other businesses, are also driving the market.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Cut Flowers Market include The Queen’s Flowers, Rosa Flower Limited, Porta Nova, Jardines De Los Andes, Selecta One, Dummen Orange, Florance Flora, Danziger Group, Dos Gringos LLC, Washington Bulb Co., Inc., Soex Flora, Wesselman Flowers, Beekenkamp Group, Maryland Grown Flowers, Turkish Flower Group, and Others.
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Recent Developments
In February 2023, Floriday created 'trade settings,' which make it possible for growers and buyers to easily configure how they want to trade with one another. It makes trading with one another simpler for both growers and buyers.
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