Report : North America Cut Flowers Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Flower Type (Rose, Carnation, Lilium, Chrysanthemum and Gerbera, and Others), and Application (Home and Commercial)
Rose Segment to Dominate North America Cut Flowers Market during 2020–2027
According to The Insight Partners market research study on “North America Cut Flowers Market Forecast to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Flower Type, and Application,” is expected to reach US$ 14,496.27 million by 2027 from US$ 10,771.21 million in 2019. The market is estimated to grow at a CAGR of 4.0% from 2020 to 2027. The report provides trends prevailing in the North America cut flowers market along with the drivers and restraints pertaining to the market growth. Increase in the demand of cut flowers for decorative purposes are the major factor driving the growth of the North America cut flowers market. However, issues associated with the stringent conditions to be met by cut flowers hinder the growth of North America cut flowers market.
The North America market for cut flowers market is segmented into flower type, application, and country. Based on flower type, the market is segmented into rose, carnation, lilium, chrysanthemum and gerbera, and others. In 2019, the rose segment held the largest share North America cut flowers market. Based on application, the cut flowers market is divided into home and commercial. Commercial is expected to be the fastest growing segment over the forecast period.
The U.S has the highest number of confirmed cases of COVID-19, as, compared to Canada and Mexico. This is likely to impact the rail and air transport in the region as, due to the COVID-19 outbreak, the supply and distribution chain is likely to get affected. In addition, the overall manufacturing processes, research, and development activities will also impact market growth.
Washington Bulb Co., Inc., Oserian, Dümmen Orange, The Queen's Flowers, The Kariki Group, Selecta one, and MultiFlora are among the leading companies in the North America cut flowers market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Dümmen Orange’s opened a new Breeding Technology Centre in the Netherlands. The Breeding Technology Centre (BTC) is home to all Dümmen Orange’s research facilities in the field of breeding technology & traits to ensure faster breeding and selection processes, enabling access to superior products for customers worldwide.
North America Cut Flowers Market – By Flower Type
North America Cut Flowers Market – By Application
North America Cut Flowers Market – By Country