Product Code: ETC408979 | Publication Date: Oct 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
South Korea Carnation market currently, in 2023, has witnessed an HHI of 8156, Which has increased slightly as compared to the HHI of 5834 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Carnation Market involves the cultivation and distribution of carnation flowers, popular for their beauty and fragrance, used in floral arrangements and decorations.
The South Korean carnation market is expanding with its popularity in floral arrangements, gifts, and decorative purposes. Carnations symbolize love, admiration, and celebration, driving demand for fresh cut flowers, potted plants, and floral products in retail, events, and personal occasions.
Educating consumers about the versatility and benefits of carnations, managing seasonal demand fluctuations, and ensuring product freshness pose challenges for growers and marketers in South Korea.
Government policies in South Korea regarding the carnation market focus on agricultural support, floral industry regulations, and market development. Regulations govern carnation cultivation practices, pest management, and quality standards to ensure product quality and consumer satisfaction. The government provides subsidies, agricultural extension services, and research funding to support local carnation growers and enhance production efficiency. Policies also promote flower trade agreements, export promotion initiatives, and floriculture education programs to strengthen market competitiveness and stimulate domestic and international demand for South Korean carnations.