Floriculture Market Size Forecast during 2020-2026
SOUTHLAKE, TX, UNITED STATES, December 27, 2019 /EINPresswire.com/ — The involvement of staple floral countries in commercial floriculture drives the market growth at a CAGR of 5.73% during the forecast period 2020-2026. OG Analysis identifies regional floriculture market trends and strategies in focus across industry players to stay ahead of the competitive floriculture space.
Improved cold storage technologies and technological advancement result in effective supply chain management of flowers is set to drive market growth. Further, increase in waterways shipping of flowers, rising online flower sales, growth in the urban population positively drives the floriculture market growth.
The emergence of nonprofit organizations dedicated to advancing the floral industry through funds and research in for the benefit industry players and allied trade organizations boost the market growth opportunities. For instance, AFE sponsored over $17 million to industry projects to tackle floriculture market challenges and retain a knowledgeable and skilled workforce.
Furthermore, penetration of internet, e-commerce platforms for buying flowers, and use of Instagram as an effective marketing tool drive floriculture market growth. Accordingly, bedding plants through online retail to the public or to landscaping companies with increasing need for green roofs and green walls thrust the bedding plant market growth over the forecast period. However, the uncertainty supply, regulatory restrictions on the use of pesticides, and the additional costs of perishable nature of flowers are the key factors challenging the market growth.
RFID emerges as a transformative technology market trend across the floriculture industry during the forecast period RFID technology reduces the burden of high costs of air freight by allowing flowers to be transported using a cheaper mode of transport like seaways. Time-temperature indicators (TTI) and smart labels indicate time-temperature history and are useful for tracking the environment which preserves the flowers. In addition, emergence of fresh flower market across the United States with strong exports from Mexico, Colombia, Indonesia and other shapes the floriculture market of Americas with recordable market value during the forecast.
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