Cut Flower Packaging Market Size & Share, by Packaging Type (Bags & Boxes, Sleeves, Wrap Sheets); Material Type (Paper & Paperboard, Plastic); Distribution Channel (Retail, Supermarkets, Florists, Online Sales) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 4554
  • Published Date: Feb 10, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

Cut Flower Packaging Market size is estimated to surpass USD 2 billion by the end of 2033, witnessing around 5% CAGR during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of cut flower packaging was USD 700 million. The growth of the market can primarily be accounted to the rising production of flowers. For instance, in 2022, approximately 3.5 million metric tons of flowers were produced in India alone.

Global cut flower packaging market trends such as, the constantly developing flower industry is projected to influence the growth of the market positively over the forecast period. It was estimated that in 2022, the flower industry in America reached around USD 4 billion. Additionally, the spiking production of flowers such as roses, tulips, sunflowers, orchids, lilies, and others is further estimated to hike the growth of the market during the forecast period. As of 2021, around 100 million stalks of roses were produced solely in Indonesia. Therefore, all these factors are anticipated to propel the growth of the market over the forecast period.


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Cut Flower Packaging Sector: Growth Drivers and Challenges

Growth Drivers

  • Rising Trends of Offering Flowers on Particular Occasions - For instance, it was observed that approximately 300 million roses are produced across the globe for Valentine’s day. Additionally, around 25% of adults buy flowers on Valentine’s day solely in America.

  • Flowers need certain types of soil, temperature, and weather condition to bloom, hence, they are exported to different countries to fulfill the demand. Cut flowers are either flowers or flower buds and are generally exchanged on special occasions. Therefore, the demand for attractive packaging emerges in the market and is estimated to hike the market growth throughout the forecast period. 
  • Growing Number of Floriculture Crops- As of 2021, the total sales of floriculture crops were estimated to be approximately USD 7 billion.

  • Higher Cultivation and Demand for Tulips - The Netherlands is the leading country in supplying flowers globally and was projected to produce nearly 150 hectares of tulip bulbs in 2021.

  • Noteworthy Increment in the Sales of Cut Flowers - In 2020, the sales of cut flowers were at their peak. Cut flower became the 351st most traded product across the globe in 2020.

Challenges

  • Presence of Alternatives in the Market
  • Difficulty in Exporting and Importing the Flowers
  • Requirement for Higher Initial Investment

Cut Flower Packaging Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

~5%

Base Year Market Size (2022)

~USD 700 Million

Forecast Year Market Size (2033)

~USD 2 Billion

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Cut Flower Packaging Segmentation

Distribution Channel (Retail, Supermarkets, Florists, Online Sales)

The global cut flower packaging market is segmented and analyzed for demand and supply by distribution channel into retail, supermarkets, florists, and online sales, out of which, the florists segment is projected to witness noteworthy growth over the forecast period. The growth of the segment can be accounted to the rising trends of exchanging flowers. For instance, in 2021, the floral industry reached nearly USD 6 billion solely in the USA.

Our in-depth analysis of the global market includes the following segments:

  By Packaging Type

  • Bags & Boxes
  • Sleeves
  • Wrap Sheets
  • Others

  By Material Type

  • Paper & Paperboard
  • Plastic
  • Others

  By Distribution Channel

  • Retail
  • Supermarkets
  • Florists
  • Online Sales

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Cut Flower Packaging Industry - Regional Synopsis

Regionally, the global cut flower packaging market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Asia Pacific region is projected to hold the largest market share by the end of 2033. The growth of the market in the region can be accounted to the higher utilization of flowers in decoration and to make offerings to the gods and goddesses and the rising cultivation of flowers. For instance, the decoration segment in the Asia Pacific was estimated to generate total revenue of nearly USD 10 billion in 2022. Hence, such factors are estimated to hike the market growth in the region during the forecast period.

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Companies Dominating the Cut Flower Packaging Landscape

top-features-companies
    • COMPARABLY, INC.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Smurfit Kappa Group 
    • Dilpack Kenya Limited
    • UFlex Limited
    • PerfoTec BV
    • Atlas Packaging & Displays
    • CAMAC HOLDING B.V.
    • Flopak, Inc.
    • Sirane Ltd
    • Flamingo Holland Inc.

In the News

  • Sirane Ltd., to provide EARTHBOARD, a tree-guard that utilizes enhanced water-resistant board and is helpful to keep plants last longer outside. Additionally, all the tree shelters of Sirane Ltd are sustainable, recyclable, compostable, and plastic free.

  • PerfoTec BV to talk about its trial to examine the methods that can increase the shelf life of tulips in PerfoTec LinerBags. These bags are based on Modified Atmosphere Packaging technology and can be useful to keep tulips fresh for many days. 

Author Credits:  Sadaf Naaz, Mohd Shadab


  • Report ID: 4554
  • Published Date: Feb 10, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising trends of offering flowers on particular occasions are estimated to majorly boost the market growth.

The market is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2023-2033.

Difficulty in exporting and importing flowers is estimated to challenge the market growth.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are packaging type, material type, distribution channel, and by region.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue-generating capacity as well as the new products being launched into the market by the company.

The market is segmented by Smurfit Kappa Group, Dilpack Kenya Limited, UFlex Limited, PerfoTec BV, Atlas Packaging & Displays, CAMAC HOLDING B.V., Flopak, Inc., Sirane Ltd., and others.

The florists segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Cut Flower Packaging Market Report Scope
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