Product Code: ETC381749 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Philippines exotic flowers market is estimated to be valued at about USD 106 million in 2025. This figure represents a 9. 4% increase from the previous year?s figures. The growth of the industry can be attributed to various factors such as increasing demand for high-quality exotic flowers by florists, wedding planners, landscapers and other consumers. Additionally, increased availability of online flower delivery services has also contributed to the growth of this market. Furthermore, government efforts in promoting sustainable development have been supporting this industry?s expansion over recent years.
The Philippines exotic flowers market is driven by a growing demand for unique and visually appealing floral arrangements. As consumers seek out distinctive options for special occasions and home decor, the market benefits from the country`s rich biodiversity and suitable climate for cultivating exotic flower varieties. Furthermore, the tourism industry plays a role in driving demand for these flowers as they are often sought after by tourists as souvenirs, boosting both local and international sales.
The exotic flowers market showcases the unique flora of the Philippines, but challenges arise in terms of sustainable harvesting practices and potential threats to indigenous plant species. Balancing economic opportunities with environmental conservation is a critical challenge here.
The Philippines` exotic flowers market, which contributes to both domestic and international floral trade, faced significant challenges during the COVID-19 pandemic. With event cancellations, travel restrictions, and reduced consumer spending, demand for exotic flowers plummeted. Flower growers experienced surplus inventories and financial losses, leading to concerns about the livelihoods of those dependent on the industry. The market`s recovery is tied to the revival of weddings, events, and international trade. The pandemic highlighted the need for diversification and adaptation, with some players exploring e-commerce and local markets to mitigate future disruptions. As the situation improves, the exotic flower market is expected to regain its vibrancy.
Dangwa Flower Market, Quezon City Flower Market, and Baguio City Flower Market