Overview and Scope
A flower and ornamental plant refer to a plant that is planted primarily for aesthetic purposes, such as screening, accent, specimen, color, or aesthetics. They are typically grown in flower gardens so that their flowers can be seen. It is a plant that is primarily produced for aesthetic purposes, such as screening, accentuation, specimen, color, or aesthetics.
Sizing and Forecast
The flower and ornamental plant market size has grown strongly in recent years. It will grow from $43.09 billion in 2023 to $46.68 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to cultural and religious significance, landscaping and urban beautification, event decoration, memorial and funerary practices, horticultural advancements.
The flower and ornamental plant market size is expected to see strong growth in the next few years. It will grow to $67.56 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to economic growth and disposable income, sustainable and local sourcing, social media influence, community gardens and green spaces, increasing urbanization. Major trends in the forecast period include online and direct-to-consumer sales channels, technology for virtual floral experiences, customization of flower arrangements, innovation in indoor gardening products, drought-tolerant and low-maintenance plants.
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Segmentation & Regional Insights
The flower and ornamental plant market covered in this report is segmented –
1) By Type: Potted Plants, Cut Flowers
2) By Distribution Channel: Offline, Online
3) By End-Users: Commercial, Residential
Asia-Pacific was the largest region in the flowers and ornamental market in 2023. The regions covered in the flower and ornamental plant market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising demand for indoor plants and flowers in the residential sector is expected to propel the growth of the flower and ornamental plant market going forward. Indoor flowers and plants refer to plants that are grown indoors in places such as residences and offices. Ornamental plants can be grown indoors year-round as warm-weather plants. Indoor plants have many advantages, such as reducing stress and boosting creativity, productivity, and focus. These plants can be kept indoors as long as they get plenty of sunlight. For instance, in April 2023, according to the National Gardening Association, a US-based gardening association, the average household spent $616 on lawn and gardening activities in 2022, up $74 from 2021. Therefore, the rising demand for indoor plants and flowers in the residential sector is driving the growth of the flower and ornamental plant market.
Key Industry Players
Major companies operating in the flower and ornamental plant market report are Syngenta Flowers, Selecta Klemm GmbH & Co. KG, Monrovia Nursery Co., Kurt Weiss Greenhouses Inc., Ball Horticultural Company, Suntory Flowers Ltd., Sakata Seed, Beekenkamp Group., Dümmen Orange, Florensis, Karuturi Global Ltd., Tagawa Greenhouses, Van Belle Nursery, KP Holland, Color Spot Nurseries, Oserian Development Company, Volmary GmbH, HilverdaFlorist, Ernst Benary Samenzucht GmbH, Florexpo LLC., Afriflora Sher Ethiopia, Butters Group, Chrysal International, Marginpar B.V., Arcangeli Giovanni and Figlio, Belaya Dacha Flowers, Fides Oro, Danziger "Dan" Flower Farm, Kapiteyn horticulture bv., Jetha Lachmandas Bhatia.
The flower and ornamental plant market report table of contents includes:
1. Executive Summary
2. Flower and Ornamental Plant Market Characteristics
3. Flower and Ornamental Plant Market Trends And Strategies
4. Flower and Ornamental Plant Market - Macro Economic Scenario
5. Global Flower and Ornamental Plant Market Size and Growth
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32. Global Flower and Ornamental Plant Market Competitive Benchmarking
33. Global Flower and Ornamental Plant Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Flower and Ornamental Plant Market
35. Flower and Ornamental Plant Market Future Outlook and Potential Analysis
36. Appendix
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