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.
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.
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
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~5% |
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Base Year Market Size (2022) |
~USD 700 Million |
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Forecast Year Market Size (2033) |
~USD 2 Billion |
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:
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By Packaging Type |
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By Material Type |
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By Distribution Channel |
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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.
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
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