The “US Cut Flowers Market Forecast to 2028 – COVID-19 Impact and Analysis – by Flower Type, Application and Distribution Channel” report has been added to ResearchAndMarkets.com’s offering.
Increase in Demand for Cut Flowers for Decorative Purposes Driving US Cut Flowers Market
US Cut Flowers Market is expected to grow from US$ 9,206.39 million in 2021 to US$ 12,771.94 million by 2028. It is expected to grow at a CAGR of 4.8% from 2021 to 2028.
Cut flowers are buds separated and cut from their bearing plant. These are mostly used for decorative and gifting purposes during special occasions, such as anniversaries, birthdays, and other events.
The increase in demand for decorative purposes in the US is one of the factors driving the market.
Fresh cut are mostly used for decorative purposes, including vase arrangements and bouquets at formal events, decorations at weddings and funerals, gifts on occasions, in times of illness, on holidays, such as Christmas and Easter, and as informal displays to beautify homes and public places.
According to the Consumer Expenditure Survey conducted by the US Bureau of Labor Statistics, interior home decoration is one of the major reasons behind the high consumption of cut flowers in the US.
The increased emphasis on interior decoration and providing an aesthetic look to homes have increased this country’s demand for cut flowers.
Holland America Flowers, LLC; Continental Flowers; Farm Fresh Flowers; Dummen Flowers; Washington Bulb Co., Inc; Selecta One; Multiflora; The Queen’s Flowers; Oserian; and The Kariki Group are the key players operating in the US cut flowers market.
Impact of COVID-19 Pandemic on US Market Growth