According to the latest report by IMARC Group, titled “Indian Floriculture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, The Indian floriculture market reached a value of INR 207 Billion in 2021. Looking forward, IMARC Group expects the market to reach INR 426 Billion by 2027, exhibiting a CAGR of 13.7% during 2022-2027.
Floriculture or flower farming refers to the cultivation of ornamental and flowering plants. It can be done in temperate climates in crop fields, outdoor nurseries, or greenhouses database. Some of the commonly grown flowers in the country include carnation, rose, tuberose, marigold and anthurium. Flowers have been an essential part of Indian society and are cultivated for various purposes, ranging from religious to social and aesthetic. They are also used as raw materials in the production of perfumers, essences, and medicines.
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Market Trends:
The growing influence of western culture and the rising rates of modernization have caused an increase in demand for flowers as they are bought for occasions such as weddings, Valentine’s Day, birthdays, anniversaries, etc. Furthermore, flowers also find extensive applications during religious festivities and wedding season in the country. Additionally, various industries utilize flowers for adding flavors, fragrances, and natural colors to their products, thereby further catalyzing the market for flowers. Apart from this, India has diverse agro-climatic conditions with suitable geographical locations to grow several types of flowers. This, along with the wide presence of skilled labor and implementation of favorable export policy by the Government of India, are expected to further propel the market for floriculture in the coming years.
Indian Floriculture Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
The report has segmented the market on the basis of flower type, sector, distribution channel, application and region.
Breakup by Flower Type:
Cut Flowers
Loose Flowers
Breakup by Sector:
Retail Sector
Institutional Sector
Breakup by Distribution Channel:
Unorganized Retail
Supermarkets And Hypermarkets
Florists
Online
Others
Breakup by Application:
Aesthetic Applications
Decorative Applications
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Breakup by Country:
Tamil Nadu
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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