IMARC Group, a leading market research company, has recently releases report titled “Indian Floriculture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the Indian floriculture market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the Indian floriculture market?
The Indian floriculture market size reached INR 231.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 460.6 Billion by 2028, exhibiting a growth rate (CAGR) of 13.1% during 2023-2028.
What is floriculture?
Floriculture is the cultivation and management of flowers, including ornamental plants, for decorative and commercial purposes. It involves the production, marketing, and sale of flowers, foliage, and other floral products. Floriculture encompasses a wide range of activities, including growing flowers in nurseries, greenhouses, or fields, as well as the breeding and development of new flower varieties. The industry focuses on producing flowers for various uses, such as floral arrangements, landscaping, gardening, and the cut flower market. Floriculture plays a vital role in the horticulture sector, contributing to the beauty of indoor and outdoor spaces, as well as generating economic opportunities for growers, retailers, and exporters.
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What are the growth prospects and trends in the Indian floriculture industry?
The Indian floriculture industry has promising growth prospects and is witnessing notable trends. Firstly, there is a growing domestic and international demand for Indian flowers, driven by factors such as weddings, festivals, events, and increasing consumer preference for floral decorations. Secondly, the shift towards high-value flower crops and the adoption of advanced cultivation techniques are enhancing productivity and quality, leading to increased exports and market competitiveness. Thirdly, the rise of e-commerce platforms and online flower delivery services has expanded market reach and accessibility, boosting the retail segment of the industry.
Moreover, the government's initiatives to promote floriculture, such as the establishment of floriculture parks and support for infrastructure development, are attracting investments and fostering growth. Furthermore, the increasing popularity of organic and sustainable flower production is a notable trend in the industry, driven by eco-conscious consumers.Overall, with favorable climate conditions, diverse floral resources, and increasing global demand, the Indian floriculture industry is expected to witness steady growth, driven by technological advancements, market diversification, and expanding export opportunities.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Flower Type:
- Cut Flowers
- Loose Flowers
Breakup by Retail Vs Institutional:
- Retail
- Institutional
Breakup by Distribution Channel:
- Unorganised Retail
- Florists
- Supermarkets and Hypermarkets
- Online
- Others
Breakup by Application:
- Aesthetic and Decorative Applications
- Flavours and Fragrances
- Natural Colours
- Medicines
- Others
Breakup by State:
- Andhra Pradesh
Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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