Global Cut flower Packaging Market: Robust Growth of Ornamental Packaging Market to Drive Growth Prospects, says TMR
Over the past few years, the global cut flower packaging market has witnessed significant growth owing to the increasing use of cut flowers as a decorative material across the world. A new research report by Transparency Market Research (TMR), titled “Cut Flower Packaging Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2024,” offers a 360-degree view of the market. The report serves as an essential source of analysis and information regarding various aspects such as market dynamics, geographical segmentation, and competitive landscape.
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With the growth of the ornamental packaging market, the global cut flower packaging market is expected to rake in soaring revenues. The evolving lifestyles of consumers due to urbanization and increasing disposable incomes is fuelling the demand for flexible ornamental packaging, which in turn is triggering the demand for cut flower packaging. Moreover, the rising environmental concerns regarding the usage of plastic and glass for packaging and the growing demand for cut flower packaging across the globe are providing a fillip to the sales of cut flower for packaging. On the flip side, the quality issues related to flowers such as their spoilage and the difficulties associated with the storage of packed material are restraining the growth of the market.
On the basis of product type, the market for global cut flower packaging is categorized into sleeves, poles, metal stand, bags, and boxes. The demand for sleeves cut flower packaging is expected to remain high throughout the forecast period. In terms of cut flower type, the market is divided into single cut type and a bunch or a bouquet of cut flowers. Based on material type, the market is classified into cardboard, plastic, fabrics, and jute. By distribution channels type, the market is segmented into direct selling, online retailing, e-commerce, and others.
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The regional markets studied in the report are Latin America, North America, Europe, the Middle East and Africa, and Asia Pacific. The North America market is anticipated to exhibit a noteworthy growth rate owing to the increasing demand for cut flowers from the floral industry. The demand is likely to remain high in the U.S. and Canada throughout the forecast period owing to changing consumer lifestyles. Europe is estimated to tread along a healthy growth track as the Netherlands represented 52% of the global market and has been the leading producer of cut flower in Europe. The robust growth of packaging industry in India and China are contributing to the growth of Asia Pacific in the global cut flower packaging market.
The report profiles the leading players in the market along with their cost and revenue structure, latest developments, and business strategies. Some of the leading players in the market are Dongguan Yason Pack Co. Ltd., Chrysal International, Perlite Vermiculite Packaging Industries Inc., and Shenzhen CyGedin Printing & Packaging.
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