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Global Floriculture Market is Growing to Reach 134.17 Billion By 2027

Global Floriculture Market is Growing to Reach 134.17 Billion By 2027

Facts and Factors Market Research has published a new report titled “ Floriculture Market By Product Type (Cut Flowers, Plants, Cut Foliage, and Propagation Material), By End-Use (Personal Use, Industrial, and Institutions/ Events), and By Sales Channel (Direct, Online Retailers, Specialty Stores, Supermarkets, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027 ”. According to the report, the global floriculture market was valued at approximately USD 70.90 billion in 2018 and is expected to reach a value of around USD 134.17 billion by 2027, at a CAGR of around 7.3 % between 2019 and 2027. Floriculture is a branch of horticulture that exhibits the cultivation of both flowers & ornamental plants for gardens and floristry. Floriculture includes flowering plants, bedding plants, houseplants, pot plants, and cut flowers. Flowering plants are sold in pots and they include poinsettias, florist azaleas & chrysanthemums, foliage plants, and orchids. Bedding & garden plants include young flowering plants as well as vegetable plants. Request Free Sample Copy of Research Report @ https://www.fnfresearch.com/sample/floriculture-market-by-product-type-cut-flowers-plants (The sample of this report is readily available on request. The free sample report on the Wheelchair Accessible Vehicle Converters market consists of data regarding the competitive terrain as well as analysis of the competitive scope of this industry.) Rise in the online sales of flowers to boost the market trends The rise in the usage of smartphones and internet along with a rise in population of the tech-savvy millennial consumer is expected to drive the growth of floriculture market over the forecast timeline. Moreover, the use of online distribution channels for flower sale is gaining more prominence as compared to retail outlets & traditional florist shops. Moreover, escalating awareness about the cut flowers along with growing demand for these flowers in countries like India & China during festivals […]

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