Floriculture Market to Witness Substantial Growth Fueled by Industrial Sector Demand

Market Overview

The global Floriculture market is poised for significant expansion over the coming years, driven primarily by the increasing demand for Floriculture products in the industrial sector. The market was valued at USD 5901 Billion in 2023 and is projected to grow at a robust CAGR throughout the forecast period.

Product Types

Based on product type, the market is segmented into Cut Flowers, Foliage Plants, Potted Plants, Bedding Plants, and Others. Cut Flowers are expected to lead the market due to their widespread use in bouquets, arrangements, and other decorative purposes.

Applications

In terms of application, the market is classified into Residential, Commercial, and Industrial. The Industrial sector is anticipated to drive the market growth owing to the increasing use of Floriculture products in landscaping, interior design, and horticulture.