The global flower seed market size is expected to experience substantial growth backed by the growing demand for traditional flowers and the increasing inclination towards indoor farming across the globe. Fortune Business Insights, published this information in its upcoming report, titled, “Flower Seed Market Size, Share & Industry Analysis, By Trait (Hybrid, Open-pollinated Varieties), By Application (Open-field, Protected Cultivation) and Regional Forecast, 2020-2027.”
Suspension of Festivities & Events amid COVID-19 to Restrain Growth
The COVID-19 pandemic has negatively impacted several sectors of the economy. Amongst them, the demand for flowers has drastically reduced owing to the stringent regulations imposed by the government agencies across the globe to suspend traditional festivities and events. This is likely to restrain market growth to some extent. However, supportive government efforts to mitigate the risk of the global pandemic is expected to bode well for the growth of the market in the longer run.
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The demand for agri-business is rising day-by-day owing to several factors such as the growing consciousness amongst the people to reside in an eco-friendly atmosphere, along with improved standards and high-profit margins. These factors have led to the high demand for advanced flower seed across the globe.
What does the Report Provide?
The global market for flower seed report includes an in-depth analysis of several factors such as the key drivers and restraints that will have an impact on the market. In addition to this, the report furnishes significant insights into the regional analysis that includes different regions, which are contributing to the growth of the market. It further includes the competitive landscape involving the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, collaborate, and acquire other companies that will contribute to the market growth during the forecast period. Moreover, the research analyst has adopted several research methodologies to obtain information about the current trends and industry developments that will drive the market growth between 2020 and 2027.
DRIVING FACTORS
Increasing Demand for Traditional Flowers to Augment Growth
The growing traditional festivities and events across the globe is anticipated to drive the demand for innovative flower seed products. According to the data by Ampersand Travels Destination Weddings and Honeymoon report, around 340,000 destination weddings take place every year globally. This is likely to boost the demand for exotic flowers in a way leading to increased adoption of innovative flower seed products. Additionally, the growing inclination towards indoor farming by people who are preferring eco-friendly surroundings is expected to drive the global flower seed market in the forthcoming years.
REGIONAL INSIGHTS
High Demand for Fresh Flowers in North America to Favor Growth
Among all the regions, North America is expected to showcase considerable growth and hold the highest position in the global flower seed market during the forecast period. This is ascribable to factors such as the significant demand for fresh flowers to celebrate special occasions such as engagement, weddings, and parties in countries such as the U.S. in the region.
The market in Asia-Pacific is expected to gain momentum backed by the growing focus on floriculture that propels the demand for advanced flower seeds in the region between 2020 and 2027.
COMPETITIVE LANDSCAPE
Product Launches by Key Players to Intensify Industry Competition
The global flower seed market is experiencing healthy competition from the major companies present that are focusing on the introduction of new advanced flower seed products to maintain a stronghold. In addition to this, the adoption of strategies such as partnership, facility expansion, and collaboration by other key players is likely to favor market growth during the forecast period.
Industrial Development:
· July 2019 – Thompson & Morgan, the United Kingdom-based flower seed provider, introduced new seed varieties such as Nasturtium Baby Deep and Cosmos Apricot Lemonade. According to the company, the launch is expected to strengthen its position in the global marketplace.
List of the Companies Operating in the Global Market for Flower Seed:
· Syngenta
· Floret Flowers
· Harris Seeds
· American Seed
· West Coast Seeds
· Starke Ayres
· Dashine
· Sakata Seed
· TAKII SEED
· Limagrain
· Others
Browse Summary
https://www.fortunebusinessinsights.com/flower-seed-market-103207
