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According to the latest report by IMARC Group, titled “Indian Floriculture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the Indian floriculture market size reached INR 207 Billion in 2021. Also known as flower farming, floriculture refers to the cultivation, processing, and marketing of ornamental plants, such as cacti and other succulents. It assists in generating employment opportunities aroundtheyear and earning foreign exchange. It also aids in combating pollutionand adding an aesthetic value, such as psychological, landscaping, indoor gardening, and flower arrangement.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Indian Floriculture Market Trends:
There is presently a rise in the demand for quality flower seeds, especially annual ornamentals and ornamental planning materials, in India. This, in confluence with the changing lifestyles and increasing per capita income of individuals, represents one of the key factors bolstering the growth of the market. Apart from this, the rising trend of presenting flowers on different occasions, such as Valentine's Day, birthdays, festivals, marriages, anniversaries, religious ceremonies, and farewell parties, is another factor contributing to market growth. Furthermore, the Government of India is providing subsidies for establishing pre-cooling units, cold storage, greenhouses, and refrigerated vans, which is creating a favorable market outlook. Besides this, the growing utilization of flowers as raw materials for the production of perfumes, essences, medicines, and confectioneries is driving the market. Looking forward, the market value is projected to reach INR 426 Billion by 2027, exhibiting a CAGR of 13.7% during 2022-2027.
Market Summary:
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