(MENAFN- PR Newswire) NEW YORK, Aug. 24, 2023 /PRNewswire/ -- The
floriculture market in malaysia size is expected to grow by USD 220.97 million from 2021 to 2026, decelerating at a CAGR of
3.15% as per the latest Technavio market research report.
Malaysia is going to have lucrative growth during the forecast period.
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![Technavio has announced its latest market research report titled Floriculture Market in Malaysia 2022-2026]( "Technavio has announced its latest market research report titled Floriculture Market in Malaysia 2022-2026")
Technavio has announced its latest market research report titled Floriculture Market in Malaysia 2022-2026
Key Floriculture Market Driver in Malaysia
One of the key drivers supporting the Malaysian floriculture market growth is the use of flowers and plants for decorative or aesthetic purposes. In Malaysia,
the growing domestic and housing property market has led to more significant demand from the landscaping industry.
In 2020, the shrubs, flowers, and planting media categories dominated the gardening and outdoor living market in the region
and contributed to over 40% of the market. The growing disposable income of households is the major factor
that is promoting individuals to spend more on their gardens. However,
the availability of varivarieties of flowering plants, and the growing urge among individuals to improve environmental sustainability will persist to play a major role in market growth during the forecast period.
Key Floriculture Market Trends in Malaysia
One of the key
floriculture market trends in Malaysia supporting the
market growth is the increasing use of biotechnology in floriculture.
Key Floriculture Market
Challenge
in Malaysia
The over-dependence on climatic conditions is a significant challenge hindering market growth.
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Some of the key Floriculture Market in Malaysia Players:
The floriculture market in Malaysia is
concentrated
and the vendors are deploying organic and inorganic growth strategies to compete in the market. Some of the key players are mentioned below:
Black Tulip Group, Dummen Orange, Floristika.com.my Sdn Bhd, I-Tech Farming Solution (M) Sdn Bhd, Paling Horticulture Sdn Bhd, Splendid Floriculture Sdn Bhd, Syngenta AG, Waltex Biotec Sdn. Bhd., Weeds and More Pte Ltd., and Yayasan Sabah Group.
What`s New for 2023?
Special coverage on the
Russia-Ukraine
war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession Global competitiveness and key competitor positions Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial Customization options available as per your business needs Access to 17000+ research report subscriptions buy the report
Floriculture Market In Malaysia: Segmentation Analysis This floriculture market in Malaysia forecast report
extensively covers segmentations by type (Chrysanthemum, rose, carnation, and others) and sales type (Domestic and exports).
The floriculture market share growth in Malaysia
by the chrysanthemum segment will be significant during the forecast period. In Malaysia, chrysanthemums
hold cultural significance, as they are regarded as auspiciand are used as common decorative flowers during events such as marriages or local festivals.
However, they are available in a wide variety of flowers and bloom sizes. Therefore, such a factor increases the demand for chrysanthemums in the country for varidecorative purposes on several occasions.
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Related Reports:
The floriculture market is estimated to
grow
at a CAGR of 8.6%
between 2022 and 2027. The size of the market is forecast to increase by
USD
44.88 billion.
This report extensively covers market segmentation by
application (conferences and activities, gifts, and personal and corporate use), product (cut flowers, bedding plants, potted plants, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa).
The growing prominence of online shopping is notably driving the market growth.
The floriculture market
share in vietnam is expected to increase to USD
283.21 million from 2021 to 2026,
and the market's growth momentum will accelerate at a CAGR of 11.5%. This report extensively covers
floriculture market
segmentation
in Vietnam
by application (gift, conference and activities, and others) and type (rose, chrysanthemum, carnation, and others).
One of the key factors driving growth in the floriculture market growth
in Vietnam is the use of flowers and plants for decorative/aesthetic purposes.
Table of contents 1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Sales type
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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