Floriculture market is rising due to growing use of flowers for aesthetic purposes

The floriculture market is projected to soar to a valuation of about US$ 80.5 Bn by 2029, rising at a CAGR of about 6.7% from 2022 to 2029. It is currently valued at close to US$ 49.8 Bn.

The recent explosion in the popularity of edible flowers will significantly expand the floriculture market, which is currently primarily supported by cut flowers.

Institutions and events that currently account for about 3/5 of the market would continue to be the main consumers of floriculture products.

The enormous potential for using flowers as decorations on various occasions would drive the institutions/events segment’s growth during the forecast period.

Read the complete article at: www.newstrail.com

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