Skip to main content

Cut Flowers Market: Pride of the Decorative Industry?

For decoration of weddings or typical uses like the production of vase displays, wreaths, and garlands, cut flowers are used in every decorative industry. Cut Flowers are the flowers or flower buds which have been cut from the plant bearing them. Flower Cut is practiced because of the high demand for such flowers in the decorative industry which is the reason why it is also been stated as the pride of the decorative industry.

Cut Flower Reshaped Decorative Industry
Over time the average salary of individuals has been increasing globally. For instance, the average salary growth rate in India is about 10% of the financial year 2022-2023. This hike in average salary has increased the expenses of marriage. According to a report, about 60% of Indian families spend more than their annual income on just one wedding, which includes decorations expenses as well.

The above-mentioned reason turns out to be a major reason for the hike of cut flowers in the decorative industry because of high spending on marriages. This has resulted in high demand for cut flowers. According to Astute Analytica, the Cut Flowers Market is a growing industry and will report a CAGR (Compound Annual Growth Rate) of 5.8% during the forecast period of 2022-2030.

Not only the wedding industry which has increased the demand for cut flowers, floral decorations in special events, indoor home gardening, and floral gift-giving have also given a push to the flower cut market.

Challenges of making the Cut Flower
Although the cut flower holds a strong recognition in the decorative and gifting industry but the making i.e., cultivation of these specific flowers isn't an easy task. Cut flower cultivation is intensive, usually based on greenhouse monocultures, and requires large amounts of highly toxic pesticides, residues of which can often still be found in flower shops on imported flowers.

The intense cultivation slows the expansion of production which is the reason there's a demand for cut flowers but supply is not fulfilling the demands. The price of some cut flowers goes as high as US$ 10,000 which shows the supply-demand ratio of cut flowers.

The increase in the use of cut flower in decorative industry like marriage, and home decoration items have just bumped up the sales and market of cut flower. This increase in revenue and market growth clearly justifies why the cut flower is stated as the pride of the decorative industry. 

Labels:
Location: United States

Comments

Post a Comment

Popular posts from this blog

Exomes Research: Everything About It!

Exosomes are a type of extracellular vesicle that contain constituents (like protein, DNA, and RNA) of the cells that secrete them. They are taken up by distant cells, where they can affect cell function and behavior. Exosomes are vesicles, or cellular components, that exist outside of a cell. They are generally understood as having been released from cells upon fusion with an intermediate endocytic compartment, or a multivesicular body (MVB). When the MVB fuses with the plasma membrane surrounding the cell, intraluminal vesicles are released into the extracellular matrix and become exosomes. Other types of vesicles found outside of cells include apoptotic bodies and exosomes. These are distinct types of vesicles from the exosome. Due to the above-mentioned factors, the Global Exosome Research Market is growing at a lot faster pace. According to a research report by Astute Analytica, the global market will register a CAGR (Compound Annual Growth Rate) of 24.4% over the forecast p...
Post a Comment
Read more

Top 5 Smart Speakers Tech-Savvy Can Buy!

A smart speaker is a device that responds to the voice commands a human give. It has microphones built-in so that it can listen for an activation word, take the voice request and then perform the right action, which can range from giving a voice reply or controlling a smart device. All voice assistant works on cloud-based software which means the voice of the individual by whom the command is given, is sent to a cloud server for processing, and the result is thrown out through the smart speaker. The advantage of this system is that there are few software updates to handle, and new features appear instantly on all connected smart speakers. It also means that smart speakers don’t become obsolete very fast. The above-listed applications of smart speakers and the growing popularity of smart speakers are the primary reasons for the growth of this market. According to a research report by Astute Analytica, the Global Smart Speaker Market will register a CAGR (Compound Annual Growth Rate) of...
Post a Comment
Read more

The Digital Revolution of Online Learning: Reshaping Higher Education

With the rise of online learning, the area of education is undergoing substantial transformation. This digital method provides students with several alternatives for personalizing and enhancing their educational experience, particularly in higher education. The COVID-19 pandemic precipitated an abrupt transition towards online learning, which caught many higher education institutions off guard. However, after a year of adjusting to this new structure, many students have learned to value the advantages of online learning. Several reasons are driving expansion in the online education sector. Governments are increasingly investing in online education programs, and the widespread use of PCs, tablets, and smartphones has increased students' access to educational resources worldwide. Furthermore, Astute Analytica estimates that the global Online Education Market would develop at a compound annual growth rate (CAGR) of 23.7% between 2023 and 2031. The Transformative Impact of Online Lear...
Post a Comment
Read more