Global Flowers And Ornamental Plants Market Overview, 2024-29

Market Dynamic

Market Drivers • Rising Demand for Aesthetic Appeal and Landscaping: Urbanization and the rising trend of beautifying indoor and outdoor spaces have increased the demand for flowers and ornamental plants. Residential, commercial, and public spaces such as parks and hotels seek aesthetically pleasing environments, which has led to a surge in demand. Social media and lifestyle trends also promote the use of flowers for decoration, especially in events like weddings and corporate functions. • Increasing Awareness of Environmental Benefits: Flowers and ornamental plants improve air quality by absorbing pollutants, which is driving their popularity. More individuals and organizations are adopting "green" spaces to enhance well-being. This focus on sustainability and eco-friendly practices, coupled with the growing interest in gardening as a hobby, is propelling market growth as consumers seek plants that provide both aesthetic and environmental benefits. Market Challenges • Perishability and Supply Chain Management: Flowers and ornamental plants are highly perishable, which poses challenges in terms of storage, transport, and logistics. Maintaining freshness while ensuring timely delivery increases operational costs. The lack of proper cold chain infrastructure in some regions exacerbates this issue, leading to high wastage and reduced profit margins for producers and suppliers. • Fluctuating Weather Patterns and Climate Change: The flowers and ornamental plants market is highly dependent on climate conditions. Unpredictable weather patterns, extreme temperatures, and natural calamities negatively impact production. Climate change is making it difficult to maintain consistent crop yields, resulting in supply disruptions and price volatility. Producers are being forced to adopt advanced technologies, which increases production costs and limits market accessibility for smaller players. Market Trends • Rising Popularity of Indoor Plants: Indoor gardening is becoming a significant trend due to increased awareness of the health benefits associated with plants, such as improved air quality and reduced stress. Houseplants like succulents, ferns, and orchids are increasingly in demand, particularly in urban areas with limited outdoor space. This trend is further supported by online plant delivery services, making it easier for consumers to buy plants directly from growers. • Sustainability and Organic Farming Practices: There is a growing trend toward eco-friendly and organic farming in the flowers and ornamental plants market. Consumers are becoming more environmentally conscious and prefer plants that are cultivated using sustainable methods without harmful pesticides. This has led to an increased interest in locally grown, organic, and fair-trade flowers, with producers adopting sustainable practices to meet this demand and differentiate their products in a competitive market.

Key Development

• MARGINPAR BV introduced Clematis Amazing in March 2022, and Sydney is the series' successor. Clematis Amazing Sydney is grown on partner farms in Tanzania and is 70 cm long. This advancement will assist the company in broadening its product portfolio. • Selecta Klemm released the outstanding breeding success Pink Kisses and other stand-alone varieties such as Peach Party, Purple Wedding, Scully, and DiaDeur series in March 2022. This advancement will assist the company in expanding its product portfolio. • In September 2022 - Plant World, a Dutch company focused on producing flowering and ornamental plants, made an undisclosed acquisition of Hoefnagels. This strategic move has allowed Plant World to expand its offerings in ornamental horticulture, tropical foliage plants, and garden Hydrangeas. It also bolsters the company's global presence in the houseplant trade. Hoefnagels, another Dutch firm, specializes in tropical and ornamental horticulture. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Flowers and ornamental plants market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Type • Cut Flowers • Potted Plants By Distribution Channel • Offline • Online By End-Users • Commercial • Residential The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Flowers and ornamental plants industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.