(MENAFN- America News Hour) The recent market research analysis of “Cut Flower Packaging Market: Global Demand Analysis & Opportunity Outlook 2033” by Research Nester delivers an in-depth competitors analysis and a detailed overview of the global cut flower packaging market in terms of market segmentation by packaging type, material type, distribution channel, and by region over the forecast period, i.e., 2023-2033.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion on current and future market trends that are associated with the growth of the global cut flower packaging market. These analyses help organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. Additionally, the growth opportunities exposed by the market are poised to gain significant momentum in the next few years.
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Cut Flower Packaging
market to find numerous growth opportunities on the back of ongoing development in the flower industry, finds Research Nester
The global cut flower packaging market is estimated to grow majorly on account of the increasing utilization of flowers as gifts and an increasing number of floriculture crops.
For instance, in 2021, floriculture crops across the globe were estimated to generate total sales of around USD 7 billion. Additionally, booming demand for cut flowers such as roses, tulips, sunflowers, orchids, lilies, and others is further expected to fuel the growth of the market over the forecast period.
In 2021, about 100 million rose stalks were produced in Indonesia. Therefore, all these factors are anticipated to propel the growth of the market over the forecast period.
The global cut flower packaging market is segmented on the basis of distribution channel into retail, supermarkets, florists, and online sales. The florists segment is to garner the highest revenue by the end of 2033 by growing at a significant CAGR over the forecast period. The growth of the segment can be ascribed to the higher prevalence of exchanging flowers globally. As of 2021, the floral industry in the United States was estimated to reach around USD 6 billion.
By region, the Asia Pacific cut flower packaging market is to generate the highest revenue by the end of 2033. This growth is anticipated by increasing cultivation of flowers and rising utilization of flowers in decoration and to make offerings to gods.
As of 2022, the Asian decoration segment was valued at approximately USD 10 billion and is further estimated to witness significant growth during the forecast period.
The research is global in nature and covers a detailed analysis on the cut flower packaging market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising of global cut flower packaging market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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This report also provides the existing competitive scenario of some of the key players of the global cut flower packaging market which includes company profiling of COMPARABLY, INC.Smurfit Kappa Group, Dilpack Kenya Limited, UFlex Limited, PerfoTec BV, Atlas Packaging & Displays, CAMAC HOLDING B.V., Flopak, Inc., Sirane Ltd, Flamingo Holland Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global cut flower packaging market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates, and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided the right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decisions in order to avoid future uncertainties.
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