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Floriculture Market Size
- Report ID: GMI12256
- Published Date: Nov 2024
- Report Format: PDF
Floriculture Market Size
The global floriculture market size was valued at USD 55.2 billion in 2023 and is anticipated to register a CAGR of over 5.1% between 2024 and 2032. Plants and flowers are increasingly recognized for their positive impact on mental well-being, stress reduction, and productivity. Studies show that the presence of greenery can create a calming environment, making it an ideal addition to spaces like hospitals, offices, and wellness centers where relaxation and mental health are paramount.
For Instance, according to a study published in the Journal of Physiological Anthropology, interaction with indoor plants can reduce psychological and physiological stress. This awareness is also driving demand in homes and workplaces, where people seek to enhance their environments with natural beauty and stress-relieving green spaces. As a result, ornamental flowers and indoor plants have become popular for home décor and landscaping, offering both aesthetic appeal and psychological benefits that support a balanced, harmonious atmosphere.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Floriculture Market Size in 2023: | USD 55.2 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 5.1% |
| 2032 Value Projection: | USD 85.5 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 225 |
| Tables, Charts & Figures: | 275 |
| Segments covered: | Product Type, Flower Type, End-Use, Distribution channel, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Flowers and plants are perishable products with a limited shelf life, making freshness a critical challenge for the floriculture industry. To maintain quality, they require precise handling, controlled storage, and efficient cold-chain logistics, all of which add substantial transportation and storage costs. Any delays or breakdowns in this supply chain can lead to rapid product deterioration, resulting in waste and financial losses for growers and suppliers. Managing this perishability efficiently is essential to meet consumer expectations and maintain profitability.
Beyond their aesthetic appeal, flowers and plants are now widely incorporated into wellness products like essential oils, herbal teas, and skincare items. This synergy between floriculture and wellness meets the growing consumer demand for natural and holistic health solutions. People are drawn to these products not only for their beauty but also for their therapeutic benefits, as many flowers contain soothing, antioxidant, or anti-inflammatory properties. This trend has expanded the market, appealing to wellness-focused consumers seeking products that support both physical and mental well-being.
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Floriculture Market Scope
