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Cut Flower Packaging Market Analysis by Packaging Type (Bags & Boxes, Sleeves, Wrap Sheets, and Others); by Material Type (Paper & Paperboard, Plastic, and Others); and by Distribution Channel (Retail, Supermarkets, Florists, and Online Sales) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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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. 

Global Cut Flower Packaging Market Size, Forecast, and Trend Highlights Over 2023 – 2033

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

The global cut flower packaging market is estimated to garner a revenue of USD 2 billion by the end of 2033 by growing at a CAGR of ~5% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of USD 700 million in the year 2022. 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.

Cut-Flower-Packaging-Market-Scope

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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.

Global Cut Flower Packaging Market: 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

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.

Global Cut Flower Packaging Market 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.

Cut-Flower-Packaging-Market-Size

The global cut flower packaging market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global cut flower packaging 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

Top Featured Companies Dominating the Global Cut Flower Packaging Market

  • 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.

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