Asia Pacific Cut Flowers Market Forecast to 2030 - Regional Analysis - by Flower Type, Application, and Distribution Channel

The Asia Pacific cut flowers market is expected to grow from US$ 6.99 billion in 2022 to US$ 9.98 billion by 2030. It is estimated to grow at a CAGR of 4.5% from 2022 to 2030.

Surging E-commerce Platform for Flower Delivery Boosts Asia Pacific Cut Flowers Market

E-commerce purchases are on the rise, which can be an opportunity for the flower industry. The number of retailers (florists, supermarkets, and online specialists) selling flowers online is increasing. The assortment of flowers that can be purchased online is also growing. The online sales trend increases the importance of product uniformity, supply chain efficiency, and information exchange standards. Online sales of cut flowers (both bouquets, mono-bunches, and individual flowers) are expected to increase further.

Internet sales often involve florists who collectively or individually produce bouquets, flowers, or specialized bouquet producers. E-commerce offers availability of wide varieties of cut flowers, offers and discounts on different products, and customization of gifting purpose, thereby surging the purchase of cut flower through online platform. It will also give supermarkets valuable information about consumer interest and demand. Retailers are targeting the new generation of customers by offering a wide variety of cut flowers and new designs and ideas. Cut flower companies are now using social media platforms to launch marketing campaigns because social media offers many benefits, including targeting specific customer segments, broad reach, and adaptability, while being relatively inexpensive.

Asia Pacific Cut Flowers Market Overview

The cut flowers market in Asia Pacific is segmented into China, Japan, South Korea, Australia, India, and the Rest of Asia Pacific. Developed and developing countries in the region are witnessing growth in urbanization, coupled with the middle-class population, offering several opportunities for the market players in the cut flowers market. The cut flower industry in countries in Asia Pacific has experienced a huge demand in the last few years. Plant genome sequencing and advancements in the biotechnology of ornamental flowers have resulted in the development of new hybrid varieties of flowering plants, along with aiding in increased yields. Thus, floriculture is transforming into a lucrative business in Asia Pacific.

Flowers have been a crucial part of the Asian culture for a thousand years. They have also been an integral component of spiritual and cultural practices, and they also often symbolize royalty. In recent years, even the general public has considered cut flowers as an essential part of their everyday lives, associated with a healthy lifestyle and prosperity. Also, governments of countries in Asia Pacific operate as huge customers of cut flowers, as flower-lined streets have been a part of urban development and city beautification projects. This perception has increased domestic demand for cut flowers in Asia Pacific, especially in countries such as Japan, India, and China, which have a massive domestic flower industry. These factors have favored the market for cut flowers in the Asia Pacific. Thus, with the continuously flourishing Asian economies, the demand for cut flowers would continue to rise in the future.

Asia Pacific Cut Flowers Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific Cut Flowers Market Segmentation

The Asia Pacific cut flowers market is segmented into flower type, application, distribution channel, and country.

Based on flower type, the Asia Pacific cut flowers market is segmented into rose, carnation, lilium, chrysanthemum and gerbera, and others. The rose segment held the largest share of the Asia Pacific cut flowers market in 2022.

In terms of application, the Asia Pacific cut flowers market is bifurcated into home and commercial. The commercial segment held a larger share of the Asia Pacific cut flowers market in 2022.

By distribution channel, the Asia Pacific cut flowers market is categorized into supermarkets and hypermarkets, specialty stores/florist, online retail, and others. The specialty stores/florist segment held the largest share of the Asia Pacific cut flowers market in 2022.

Based on country, the Asia Pacific cut flowers market is segmented int o China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. China dominated Asia Pacific cut flowers market in 2022.

Selecta Cut Flowers SAU, Multiflora Corp, Rosebud Ltd, Karen Roses Ltd, Dummen Orange Holding BV, and Marginpar BV are some of the leading companies operating in the Asia Pacific cut flowers market.

Reasons to Buy:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific cut flowers market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific cut flowers market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the cut flowers market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.