Asia Pacific Cut Flowers Market Analysis and Opportunities by 2027
Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027Asia Pacific 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)
- Report Date : Nov 2020
- Report Code : TIPRE00016235
- Category : Consumer Goods
- Status : Published
- Available Report Formats :
- No. of Pages : 64
The cut flowers market in Asia- Pacific is expected to grow from US$ 6,566.96 million in 2019 to US$ 8,624.78 million by 2027; it is estimated to grow at a CAGR of 3.7% from 2020 to 2027.
Japan, China, India, Australia, South Korea, and Rest of APAC are the major economies in APAC. Surging demand of cut flowers for decorative purposes will further boost the demand of cut flowers in the market. Fresh cut flowers are highly perishable because they only maintain minimal life-sustaining processes by taking up water through their stems. Fresh cut flowers are used for ceremonial purposes such as vase arrangements and bouquets for formal events; wedding and funeral designs; presents on occasion, in times of sickness and on holidays such as Christmas and Easter; corsages and boutonnieres; and informal displays to beautify homes and public places. Boutonnieres, corsages, wreaths, formal and informal displays and similar ornamental articles can be used. With the onset of demand from interior designers and wedding planners in modern times, the demand for cut flowers has also increased. Interior designers and wedding planners use decorative flowers to enhance the beauty of their work. Therefore, if more and more people hire Wedding Planners and Interior Designers, chances of the demand of cut flowers to increase are high. Beautiful flowers, with respect to the common perception which people possess, are often in more demand. Flowers like Roses, Sun-Flowers, and Carnation are always in high demand in festive times. The Asian countries use flowers for the purpose of decoration. Companies such as Karen roses and multiflora provides Asia Pacific Cut Flowers Market for the purpose of decoration.
The COVID-19 is anticipated to cause a loss of more than 3 Billion in the Asia Pacific region. The consequence and impact can be even worse and totally depends on the spread of the virus. The government of Asia Pacific is taking possible steps to reduce its effects by announcing lockdown, and thus, impact the revenue generated by the market. The Airports Council International (ACI) Asia-Pacific warned that the prolonged duration of the coronavirus (COVID-19) outbreak would drastically impact the region’s airports’ connectivity and economic sustainability, significantly restricting them from achieving previously forecasted growth prospects. Such closures are anticipated to negatively impact the supply and trading of cut flowers market growth in the coming period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. Considering these factors the APAC cut flowers market is expected to grow at a good CAGR during the forecast period.
Asia- Pacific Cut Flower Market
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Asia- Pacific Cut Flower Market Segmentation
Asia- Pacific Cut Flower Market – By Flower Type
- Rose
- Carnation
- Lilium
- Chrysanthemum & Gerbera
- Others
Asia- Pacific Cut Flowers Market – By Application
- Home
- Commercial
Asia- Pacific Cut Flower Market, by Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
Asia- Pacific Cut Flower Market-Companies Mentioned
- Oserian
- Dümmen Orange
- The Kariki Group
- Selecta one
- MultiFlora
Asia Pacific Cut Flowers Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 6,566.96 Million |
| Market Size by 2027 | US$ 8,624.78 Million |
| Global CAGR (2020 - 2027) | 3.7% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Flower Type
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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- Oserian
- Dümmen Orange
- The Kariki Group
- Selecta one
- MultiFlora
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