The global cut flowers market was valued at US$ 34,347.23 million in 2019 and is projected treach US$ 49,074.09 million by 2028 by 2028; it is expected tgrow at a CAGR of 4.3% during 2020–2028. The scope of this study involves understanding the factors contributing tthe growth of the market; it alsincludes estimating and forecasting the revenues, conducting the market share analysis, and spotting significant market players along with their key developments.
The five main type of cut flowers available are rose, carnation, lilium, chrysanthemum, and gerbera. Cut flowers are the flower buds that have been cut from the plant and are ordinarily removed from the plant for decoration. The common uses of cut flowers are in vase displays, wreaths, and garlands. The cut flowers are harvested by several gardeners from domestic gardens. There is a notable floral industry for cut flowers in most countries.
Based on flower type, the cut flowers market is segmented introse, carnation, lilium, chrysanthemum and gerbera, and others. In 2019, the rose segment dominated the cut flowers market. The growth of the segment is attributed tthe fact that the cultivation of rose cut flower is a profitable crop for farmers. Selection of the right variety of flowers is an important tool in commercial floriculture.
The COVID-19 outbreak, which began in Wuhan, China, during December 2019, has spread across the globe. As of April 2021, the US, India, Brazil, Russia, the UK, France, Spain, Italy, Turkey, Germany, Colombia, and Argentina are among the worst affected countries in terms of confirmed cases and reported deaths. The outbreak has affected economies and industries due tlockdowns, travel bans, and business shutdowns imposed by governments. Consumer goods, horticulture, and floriculture are among the world’s major industries suffering serious disruptions in the form of supply chain breaks as a result of this pandemic. The transport bans in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the delivery schedules and sales of various goods.
Based on geography, the global cut flowers market is broadly segmented intfive regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). Europe accounted for the largest share of the global cut flowers market in 2019, followed by North America and Asia Pacific.
The report segments the global cut flowers market as follows:
By Flower Type
- Rose
- Carnation
- Lilium
- Chrysanthemum and Gerbera
- Others
By Application
By Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Store/Florists
- Online Retail
- Others
By Geography
- North America
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Sweden
- Spain
- Poland
- Switzerland
- Denmark
- Portugal
- Rest of Europe
- Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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