Product Code: ETC382464 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India greenhouse, nursery, and flowers market import shipments demonstrated a strong growth trend with a CAGR of 13.1% from 2020 to 2024. However, there was a notable slowdown in growth between 2023 and 2024 with a decline of 7.5%. Overall, the market expanded robustly but showed signs of stabilization towards the end of the period.
The India nursery & flowers market was valued at INR 11,611 crore and is projected to reach approximately INR 18,944 crore. Floricultural business is one of the major segments that constitute this segment which accounted for 28% share in overall revenues generated by this market segment in 2018. This can be attributed to increasing trend towards landscape gardening across India coupled with rising demand for cut flowers among consumers especially during festive occasions like Diwali or Durga Puja etc., The flower exports from India increased significantly over the last decade owing largely to improving trends witnessed within flower production standards coupled with various supporting infrastructure development initiatives undertaken by Governmental authorities such as setting up of air transportation facilities etc., Additionally availability of cheap labour along-with favourable weather conditions have helped boost production levels considerably further aiding overall floral exports outlooks from India thus driving positive growth prospects within India floricultural industry on whole.
The greenhouse nursery and flowers market in India are witnessing robust growth due to several factors contributing to its demand. The increasing trend of ornamental gardening and landscaping, both for residential and commercial purposes, has driven the demand for greenhouse-grown flowers and nursery plants. Additionally, the growing export market for flowers has further stimulated the market`s growth. Furthermore, the ability of greenhouses to provide a controlled environment for the propagation of high-quality plants has attracted the attention of farmers and horticulturists, fueling the market`s expansion.
The hoof care instruments market in India might face hurdles related to awareness and adoption. Encouraging proper hoof care practices among livestock owners and providing access to high-quality instruments and services are essential for the market`s growth.
The greenhouse nursery and flowers market in India faced disruptions due to the COVID-19 pandemic. With events and weddings being postponed or canceled, the demand for cut flowers declined significantly. The closure of nurseries and the halt in floral exports impacted the industry. However, there was a surge in demand for houseplants and ornamental plants as people spent more time indoors during lockdowns, leading to some opportunities for the industry.
In the emerging hemp seed market, players such as HempCann Solutions Private Limited, Hemp Horizons Pvt. Ltd., Boheco Life, and India Hemp Organics have been at the forefront, exploring the potential of hemp seeds for various applications, including food and industrial uses.