Cut Flowers Market Projected to Grow to $50.1 Billion by 2030.
The global market for cut flowers is valued at $35 billion in 2023 and is expected to reach $50.1 billion by 2030. This represents a compound annual growth rate of 5.3 percent from 2023 to 2030, according to a recent report by Research and Markets.
The report offers a detailed analysis of market trends, drivers, and forecasts, providing essential insights for business decision-making.
Several factors are fueling the growth of the cut flowers market. There is a rising consumer demand for floral decorations, driven by their popularity in home decor, celebrations, and gifting. Additionally, advancements in cultivation and preservation technologies have improved the quality and shelf life of cut flowers, making them more attractive to buyers.
The expansion of online retail channels has also played a significant role in market growth. Online flower delivery services offer customers convenience and a broader selection of products.
Moreover, increasing disposable incomes and changing lifestyles in emerging markets have further boosted demand for cut flowers. As these trends continue, the cut flowers market is expected to maintain its growth trajectory.