Floriculture Market to Grow Over $15 Billion Amid Pandemic Spread

Technavio Floral December 24, 2020

LONDON– The new floriculture market research report from Technavio indicates negative growth in the short term as the business impact of COVID-19 spreads.

“One of the primary growth drivers for this market is the increase in online flower sales,” says a senior analyst for the Industrials industry at Technavio. As the markets recover, Technavio expects the floriculture market size to grow by USD 15.20 billion during the period 2020-2024.

Floriculture Market Segment Highlights for 2020

  • The floriculture market is expected to post a year-over-year growth rate of -11.96%.
  • Based on the product, the cut flowers segment led the market in 2019. The growth of the segment can be attributed to the increasing gifting culture and rising urban population.
  • The market growth in the segment will be significant over the forecast period.

To read the rest of the story, please go to: Technavio

Related Articles

Deli

Relationships Helped Cheesemakers Through Pandemic

Arielle Feger, Specialty Food Association Deli August 16, 2021

During the American Cheese Society’s virtual conference, Thursday, Emily Harbison, technical specialist with Dairy Connection, and Dave Potter, vice president of Dairy Connection, shared their perspective on how COVID-19 impacted the specialty cheese industry. Dairy Connection, Inc. is an ingredient supplier to specialty, farmstead, and small-to-midsize cheese and fermented-milk manufacturers nationwide. …

Floral

The Floral Supply Chain Is in Disarray

Tim Nelson, Architectural Digest Floral February 17, 2022

Across the U.S. and the world at large, florists have faced an unprecedented set of interconnected challenges over the last two years. Why? A confluence of everything from discarded crops and poor weather to labor shortages and supply chain snags keeps tripping up the industry. And though vaccinations have set the stage for a projected 2.5 million weddings in 2022, those in the flower trade expect the pain to persist. …