Flower Seeds Market Expected to Grow at a CAGR of 7.3% During the Forecast Period 2024-2032
Polaris Market Research analyses show that the global flower seed market will grow at a CAGR of 7.3% in the forecast period of 2024-2032. The market was valued at USD 1,270.33 million in 2023 and is expected to grow to USD 2,389.01 million by 2032. This growth is attributed to landscaping preferences, gardening trends, and cultural events that affect the market for flower seeds.A flower seed is a small, dry structure created by a flowering plant that holds an embryo and its food supply. These are grown for their attractive leaves, flowers, and other decorative components. They are covered with a seed coat. Blooming plants, or angiosperms, typically reproduce by seeds, which come in a wide variety of sizes. The flower seeds spread spontaneously via a variety of agents, including wind, water, insects, and others.
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Competitive Analysis
The market is majorly fragmented, with the existence of numerous small and medium sized participants in the global market. Some of them include:
Some of the major players operating in the global market include:
โข American Seed
โข Dashine
โข Floret Flowers
โข Harris Seeds
โข Limagrain
โข Sakata Seed
โข Starke Ayres
โข Syngenta
โข TAKII Seed
โข West Coast Seeds
Growth Factors
โข Growing urbanization and personal interest in gardening will support market expansion. Because urbanization has resulted in fewer living areas, there is a growing need for decorative and compact plants that may be used in tiny gardens, patios, and balconies.
โข Government programs that support community gardening, green spaces, and environmental preservation may benefit the flower seed market.
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Geographic Insights
Category-Wise Data
Trait study indicates that the hybrid industry has the highest revenue share. Commercial hybrid flower seed cultivation is an extremely profitable endeavor. This activity has significantly increased recently, which is indicative of growers' growing interest in it.
Furthermore, according to the application study, the industry with the highest CAGR was open-field farming. Flowers are grown in fields or under cover in greenhouses or shade structures. Even though many flower seed varieties are cultivated in open fields, protected plantings still provide better flowers and yields.
Recent Developments
โข In September 2023, Thompson and Morgan Seed Company unveiled an impressive lineup for 2024, introducing a captivating array of flower seeds. The collection features stunning varieties such as vibrant sunflowers and snapdragons, fiery zinnias, exquisite nasturtiums, and giant-flowered rudbeckia.
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Flower Seeds Market Report Highlights
โข In 2023, the hybrid segment held the largest revenue share. Hybrid flower seeds are considered a lucrative choice for commercial cultivation due to their desirable traits. Growers often opt for hybrids as they can result in higher yields compared to open-pollinated varieties.
โข The open-field cultivation segment accounted for the highest CAGR during the forecast period due to the cost-effective method compared to more controlled environments like greenhouses. Farmers may find it economically viable to cultivate flower seeds in open fields, due to increased adoption of this method. It often allows for natural pollination by insects and wind, promoting the natural growth and reproduction of flowers. This can result in a sustainable and self-sufficient cultivation process.
Polaris Market Research has segmented the flower seeds market report based on trait, application and region:
Flower Seeds, Trait Outlook (Revenue - USD Million, 2019 - 2032)
โข Open pollinated varieties
โข Hybrid
Flower Seeds, Application Outlook (Revenue - USD Million, 2019 - 2032)
โข Open field
โข Protected cultivation
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