Global market for cut flowers to reach $50 billion by 2030, report
The global market for Cut Flowers is estimated at $35.0 Billion in 2023 and is projected to reach $50.1 billion by 2030, growing at a compound annual growth rate of 5.3% from 2023 to 2030.
This is according to a report by Research and Markets. The comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the cut flowers market is driven by several factors, including increasing consumer demand for floral decorations, advancements in cultivation and preservation technologies, and the expansion of online retail channels.
The rising popularity of flowers for home decor, celebrations, and gifting has significantly boosted market demand. Technological advancements in cultivation and post-harvest handling have improved the quality and longevity of cut flowers, making them more appealing to consumers. The growth of online flower delivery services has expanded market reach, offering convenience and a wide variety of options to customers.
Additionally, the increasing disposable income and changing lifestyles in emerging markets have contributed to the growing demand for cut flowers. As these trends continue to evolve, the cut flowers market is expected to experience sustained growth.
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