NEW YORK, The floriculture market in Malaysia is expected to grow by USD 220.97 mn from 2021 to 2026. However, the growth momentum of the market will decelerate at a CAGR of 3.15% during the forecast period, according to Technavio.
Floriculture Market in Malaysia 2022-2026: Scope
Floriculture Market in Malaysia 2022-2026: Drivers and Challenges
One of the key drivers supporting the floriculture market growth in Malaysia is the use of flowers and plants for decorative/aesthetic purposes. The growing domestic and housing property market in Malaysia has led to high demand from the landscaping industry. Factors such as the rising disposable income of households are encouraging individuals to spend more on their gardens. Meanwhile, the availability of several varieties of flowering plants, and the awareness regarding environmental sustainability will continue to play a key role in market growth during the forecast period.
The floriculture market growth in Malaysia is hindered by the over-dependence on climatic conditions. The floriculture industry is highly dependent on the prevailing climatic conditions. The adverse impact of global climate change can also be seen in Malaysia. The country has seen below-average rainfall over the past several years. In addition, the limited supply of freshwater and drought-like conditions threaten flower production in the country and, in turn, the supply chain in the industry. Moreover, rising temperature as a result of global warming is adversely affecting flower pollination.
Floriculture Market in Malaysia 2022-2026: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the Floriculture Market in Malaysia, including 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, among others. The key offerings of some of these vendors are listed below:
Black Tulip Group – The company offers floriculture products such as roses, chrysanthemums, and carnations.Dummen Orange – The company offers floriculture products such as limonium, carnation, and anthurium.Floristika.com.my Sdn Bhd – The company offers floriculture products such as alstromeria, anthurium, and aster.
Floriculture Market in Malaysia 2022-2026: Key Highlights
CAGR of the market during the forecast period 2022-2026Detailed information on factors that will assist floriculture market growth in Malaysia during the next five yearsEstimation of the floriculture market size in Malaysia and its contribution to the parent marketPredictions on upcoming trends and changes in consumer behaviorThe growth of the floriculture market in MalaysiaAnalysis of the market’s competitive landscape and detailed information on vendorsComprehensive details of factors that will challenge the growth of floriculture market vendors in Malaysia
Companies profiled
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
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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