Singapore Flower and Ornamental Plants Market (2024-2030) | Companies, Forecast, Analysis, Outlook, Growth, Industry, Size, Share, Value, Revenue & Trends

Singapore Flower and Ornamental Plants Market Synopsis

The Singapore flower and ornamental plants market is expected to witness a moderate CAGR of 5.7% during the forecast period (2020-2026). Increasing demand for indoor and outdoor gardening, rising disposable incomes, increased living standards, changing lifestyles, and rising number of organized retail garden centers are some of the key factors driving growth in the market. Furthermore, increasing popularity of home gardening among urban citizens and growing number of online platforms offering wide variety of flowers and ornamental plants are anticipated to fuel demand for these products over the forecast period. Additionally, growing trend towards gifting specific variety flowers as gifts on various occasions such as birthdays or anniversaries will bolster industry growth over coming years.

Market Drivers

Increasing Disposable Income: Rising disposable incomes have enabled consumers to splurge more on their lifestyle products such as flowers and ornamental plants. This has led to an uptick in consumer spending on these products which is further driving the Singapore flower and ornamental plant market growth across the region.Growing Urbanization: With rapid urbanization across Southeast Asia countries including Singapore, there has been an increase in living spaces that require decoration with floral ornaments leading to high demand for ornamental plants among residential buildings as well as corporate organizations.Increased Demand For Home D?cor Items: Aesthetics play an important role while decorating homes or offices; therefore people spend a lot of money on buying decorative items like flowers & ornamental plants thus creating high demand within this segment over recent years which would eventually result in revenue generation from this sector ultimately propelling overall market growth over time frame under consideration.

Market challenges

Stringent Regulations Regarding Chemicals Used In Floriculture : Use of chemical fertilizers & pesticides plays an important role when it comes cultivation of certain species but at same time they can be harmful if not handled properly without following guidelines issued by respective governmental authorities hence restricting their usage due to risk attached with them thereby posing challenge ahead of players operating within said domain.

Key players

Some major key players operating within global flower & ornamentals markets include Oasis Floral Products Ltd., International Flowers Ltd.

Covid-19 Impact

The COVID-19 pandemic had impacted various sectors negatively throughout globe however flower industry was one amongst few that got benefited from it owing presence of online delivery services coupled with need for gifting items during festive season leading towards significant surge witnessed within purchase activities related with flowering ornaments.Moreover, lockdown imposed by respective governments resulted into working from home scenario making people investing much more into beautification process resulting into speculated higher adoption rate recorded during current year.

Key Highlights of the Report:

• Singapore Flower and Ornamental Plants Market Outlook
• Market Size of Singapore Flower and Ornamental Plants Market, 2023
• Forecast of Singapore Flower and Ornamental Plants Market, 2030
• Historical Data and Forecast of Singapore Flower and Ornamental Plants Revenues & Volume for the Period 2020-2030
• Singapore Flower and Ornamental Plants Market Trend Evolution
• Singapore Flower and Ornamental Plants Market Drivers and Challenges
• Singapore Flower and Ornamental Plants Price Trends
• Singapore Flower and Ornamental Plants Porter's Five Forces
• Singapore Flower and Ornamental Plants Industry Life Cycle
• Historical Data and Forecast of Singapore Flower and Ornamental Plants Market Revenues & Volume By Product Type for the Period 2020-2030
• Historical Data and Forecast of Singapore Flower and Ornamental Plants Market Revenues & Volume By Potted Plants for the Period 2020-2030
• Historical Data and Forecast of Singapore Flower and Ornamental Plants Market Revenues & Volume By Cut Flowers for the Period 2020-2030
• Historical Data and Forecast of Singapore Flower and Ornamental Plants Market Revenues & Volume By Application for the Period 2020-2030
• Historical Data and Forecast of Singapore Flower and Ornamental Plants Market Revenues & Volume By Home for the Period 2020-2030
• Historical Data and Forecast of Singapore Flower and Ornamental Plants Market Revenues & Volume By Commercial for the Period 2020-2030
• Singapore Flower and Ornamental Plants Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Application
• Singapore Flower and Ornamental Plants Top Companies Market Share
• Singapore Flower and Ornamental Plants Competitive Benchmarking By Technical and Operational Parameters
• Singapore Flower and Ornamental Plants Company Profiles
• Singapore Flower and Ornamental Plants Key Strategic Recommendations