Flower Seeds Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Flower Seeds Market
The flower seeds market size was valued at USD 2.47 billion in 2023, and the market is now projected to grow from USD 2.58 billion in 2024 to USD 3.96 billion by 2032, exhibiting a CAGR of 5.48% during the forecast period of 2024-2032.
Drastically negative impact was witnessed on the product market during the Covid period as the lockdown that were imposed with respect the curfews and also the social distancing were strict due to which the revenue numbers were terrible on the charts. The Supply and demand chains were completely disrupted during the pandemic. There was a decrease in the demand for flowers as about half of the florists worldwide shut down. Farmers are among those most affected by the significant drop in demand. So, in order to attain sustainability, they moved from producing flowers to producing other crops. The opening months of the epidemic saw a significant impact on seed sales due to this aspect. These factors affected the flower seeds market growth.
Interesting prospects for the market are presented by greenhouse facility expansion. Weather-dependent or not, greenhouses allow for the focused cultivation of specific flower kinds during their prime growing seasons. Producing visually beautiful and ethically and sustainably produced variety is a growing priority for manufacturers. These particular growth driving factors have been recorded to attribute the flower seeds market share.
The expansion of the global flower seeds market is mostly being driven by advancements in seed technology. Market expansion has also been aided by an increase in government partnerships and investments in facilities for producing seeds.
Comprehensive Analysis of Flower Seeds Market
The market is split into open-pollinated and hybrid categories based on the type of characteristic. The market is divided into covered and open-field cultivation categories based on application. The market is categorized as annual, biennial, or perennial according on the type of flowers.
Europe is predicted to have a substantial market share in terms of market value. A growing emphasis on sustainability, growing disposable income, and growing interest in gardening are some of the elements that will propel the area market's future expansion.
There are many small and medium-sized competitors in the global industry, which contributes to the market's significant fragmentation. Several of the following companies are based in India Urja Agriculture Company, KIMCO SEEDS INC., Garden Seeds Market, Muller Bloemzaden BV, Sakata Seed Corporation, and Garden Seeds Market in Poland.
In January 2023, Vegetable, herb, and flower seed packet manufacturer Botanical Interests, located in Colorado, was purchased by Epic Gardening, one of the top gardening brands. In addition to providing heirloom vegetable and flower seeds and certified organic seeds, Botanical Interests increased Epic Gardening's presence in the wholesale market.
Segmentation Table
Attribute Details
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 5.48% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Trait Type
Hybrid
Open-pollinated
By Application
Open-field
Protected Cultivation
By Flower Type
Annual
Biennial
Perennial
Region
North America (By Trait Type, Application, Flower Type, and Country)
- U.S. (By Application)
- Canada (By Application)
- Mexico (By Application)
Europe (By Trait Type, Application, Flower Type, and Country)
- Germany (By Application)
- France (By Application)
- Spain (By Application)
- Italy (By Application)
- Netherlands (By Application)
- U.K. (By Application)
- Rest of Europe (By Application)
Asia Pacific (By Trait Type, Application, Flower Type, and Country)
- China (By Application)
- India (By Application)
- Japan (By Application)
- Australia (By Application)
- Rest of Asia Pacific (By Application)
South America (By Trait Type, Application, Flower Type, and Country)
- Brazil (By Application)
- Ecuador (By Application)
- Colombia (By Application)
- Rest of South America (By Application)
Middle East & Africa (By Trait Type, Application, Flower Type, and Country)
- Kenya (By Application)
- Israel (By Application)
- Ethiopia (By Application)
- Rest of Middle East & Africa (By Application)
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