Floriculture Market in Malaysia 2022-2026

Floriculture Market in Malaysia 2022-2026

Technavio has been monitoring the floriculture market in Malaysia and it is poised to grow by $ 220.97 mn during 2022-2026, decelerating at a CAGR of 3.15% during the forecast period. Our report on the floriculture market in Malaysia provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is driven by the use of flowers and plants for decorative/aesthetic purposes and the high profits associated with growing ornamental plants. In addition, the use of flowers and plants for decorative/aesthetic purposes is anticipated to boost the growth of the market as well.

The floriculture market in Malaysia analysis includes type and sales type segments.

Technavio's floriculture market in Malaysia is segmented as below:

• By Type
• Chrysanthemum
• Rose
• Carnation
• Others
• By Sales Type
• Domestic
• Exports

This study identifies the growing prominence of online shoppingas one of the prime reasons driving the floriculture market growth in Malaysia during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on floriculture market in Malaysia covers the following areas:

• Floriculture market sizing
• Floriculture market forecast
• Floriculture market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading floriculture market vendors in Malaysia that include Black Tulip Group, Dummen Orange, Floristika.com.my Sdn Bhd, I-Tech Farming Solution (M) Sdn Bhd, Paling Horticulture Sdn Bhd, Splendid Floriculture Sdn Bhd, Syngenta AG, Waltex Biotec Sdn. Bhd., Weeds and More Pte Ltd., and Yayasan Sabah Group. Also, the floriculture market in Malaysia analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

Black Tulip Group, Dummen Orange, Floristika.com.my Sdn Bhd, I-Tech Farming Solution (M) Sdn Bhd, Paling Horticulture Sdn Bhd, Splendid Floriculture Sdn Bhd, Syngenta AG, Waltex Biotec Sdn. Bhd., Weeds and More Pte Ltd., Yayasan Sabah Group