International Business

Floriculture Market in Malaysia to Grow by USD 220.97 mn | Technavio

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,

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

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

This article was shared with Prittle Prattle News as a Press Release by PRNewswire

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