Top Players in the Indian Floriculture Market

The Indian floriculture market is expected to reach a value of 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. As per the analysis by IMARC Group, the top 5 floriculture companies in India are increasingly focusing on shifting toward virtualized trade networks to offer better logistics coordination with improved information availability in the floriculture supply chain. This allows all the participants involved in the supply chain to access real-time available information, which further aids in ensuring smoother, faster and cost-effective deliveries of perishable and degradable floriculture products, such as cut and fresh flowers.

Significant improvements in the cold chain management facilities are expected to create a positive impact on product quality and shelf life of floriculture products, thereby ensuring higher profits for the major players operating in the market. Furthermore, the Government of India (GoI) is undertaking numerous initiatives to promote export-oriented businesses by providing income-tax holidays to new floriculture entrepreneurs across the country. This, along with the subsidiary policies offered by the Agricultural and Processed Food Products Export Development Authority (APEDA) for the adoption of and improvements in cold storage facilities, refrigerated vans, pre-cooling units, and greenhouses, is expected to provide an impetus to the market growth further.

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List of Top Floriculture Companies in India:

Karuturi Global Limited

Establishment: 1994
Headquarter: Bengaluru

Karuturi Global Limited is the leading producer and exporter of cut roses on the global level. Incorporated in 1994, it has operations spread across India, Ethiopia, and Kenya. It produces around 500 million rose stems annually with a capacity to process 12 million premium cut roses at its state-of-the-art facilities. It has also set up a wholly-owned subsidiary named Ethiopian Meadows Plc in Ethiopia, Africa that focuses on the production of HT roses. Along with this, Karuturi Global Limited also supplies other cut rose products, such as rose plants, coco peat and coco cups, to their customers across numerous countries, including Germany, the United Kingdom, Italy, Singapore, Taiwan, Australia, Japan, New Zealand and across North American region.

Syngenta Flowers

Establishment: 2009
Headquarter: Switzerland
Website: https://www.syngenta.com/en

Syngenta is one of the largest science-based agtech companies worldwide. Headquartered in Switzerland, it employs more than 26,000 individuals across 100 countries. It is increasingly focusing on sustainable agriculture practices for enhancing biodiversity, improving soil and creating an impact on the global level. The company is also a global leader in sustainable flower production. With a large team of experts on advanced genetics and breeding, Syngenta offers retailers, distributors and professional growers across 75 different countries with state-of-the-art seeds, young plants and cuttings, along with training and expert advice.

Ferns and Petals Group

Establishment: 1994
Headquarter: New Delhi
Website: www.fnp.com/

Ferns and Petals Group is one of the largest flower and gifts retailers in India. The company is regarded as the preferred gifting solution provider amongst the masses that has provided fresh flowers and thoughtful gifts to their customers across the country for over 25 years. It has now expanded as the largest florist chain in India with over 320 stores across all major cities and towns of the country. It has also successfully expanded its international footprints into other parts of the world, particularly the South East Asian and Middle East markets. It has 3 stores in the UAE and 1 store in Singapore, along with a strong online presence with separate websites for each of the territories.

Florance Flora

Establishment: 1980
Headquarter: Bengaluru
Website: https://floranceflora.com/

Florance Flora is a privately-owned supplier of young plants for commercial cut flowers and pot plants production. One of the leading floriculture companies in India, it has a vast crop portfolio and collaborations with suppliers around the world. It provides numerous services to its customers, including plant inspection, crop selection, technical guidance, and pest and disease control. It offers high-quality young plants to its customers with an enhanced focus on customer satisfaction.

Soex Flora

Establishment: 2009
Headquarter: Mumbai
Website: https://www.soexflora.com/index.php

Soex Flora is one of the leading growers and exporters of fresh cut flowers across India. The company offers a vast range of rose varieties in its greenhouses that are powered by innovative and latest technologies. It comprises a highly qualified team of experienced floriculturists and plant technologists from across the country that continually ensures high-quality yield of roses throughout the year. It also has the capacity to deliver its services across the globe in a limited period of time.

About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the Indian floriculture industry, which has enabled clients to set up and expand their businesses successfully. Some of the company’s offerings include:

• Market Research
• Plant setup
• Plant Expansion
• Marketing and sales
• Procurement and Distribution
• Innovation and Product Development