As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The Indian exotic flowers market is being driven by the growing floriculture industry in the region. A shift from traditional flowers to cut flowers by floriculturists to serve overseas markets is aiding the industry growth. According to estimates, the volume of cut flowers produced in India in 2016-2016 was nearly 0.69 million metric tons. The growing awareness among farmers regarding the adoption of newer technologies coupled with the rising government participation to strengthen the floriculture industry, further offering high yield variety of seed and pesticides, is expected to aid the growth of the exotic flowers industry in India. Unorganised sector dominates the industry contributing to nearly 85% of the sale of flowers on the road. However, the growth of the e-commerce and retail sector with the entry of international players like Amazon (NASDAQ: AMZN) in India is expected to provide various growth opportunities for the development of the organised sector in the region.
The increasing demand for cut flowers for personal use, decoration, occasions, birthdays, festivals, gifting purposes, and others are boosting the sales of exotic flowers in the region. The growing urbanisation and increased acceptance of technology in the region are resulting in more precise management in the field of commercial floriculture, thus, aiding the growth of the exotic flowers market. In April 2020, Ferns N Petals, one of the major players in the industry, announced that the company is planning to come out with its IPO, that is, the initial public offer in 2021. The company aims to expand its operations from solely flower, gifting, and wedding decor businesses to FMCG and hospitality sectors, further planning to establish a chain of wedding hotels in the region. Such developments are expected to aid the growth of the exotic flowers industry in India over the forecast period.
Market Breakup by Type, Variety, Sector, Distribution Channel, Major Indian Cut Flowers Producing States, and Major Loose Flowers Producing States:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the Indian exotic flowers market are Karuturi Global, Elegant Flora, Soex Flora, Ferns n Petals, Phoolwala, Arena Flowers, and May Flower, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.