Product Code: ETC178130 | Publication Date: Jan 2022 | Updated Date: Jun 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The Sri Lanka Floriculture Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 15.41% in 2025, climbs to a high of 15.42% in 2026, and moderates to -4.85% by 2029.
The Floriculture market in Sri Lanka is projected to grow at a high growth rate of 12.61% by 2027, highlighting the country's increasing focus on advanced technologies within the Asia region, where China holds the dominant position, followed closely by India, Japan, Australia and South Korea, shaping overall regional demand.
The floriculture market in Sri Lanka is steadily growing, driven by increasing demand for flowers both domestically and internationally. The country`s tropical climate provides a conducive environment for a wide variety of flowers to thrive, including orchids, roses, and jasmine. Sri Lanka has become a major exporter of cut flowers, especially to European markets, due to its high-quality blooms and competitive pricing. The local flower industry also caters to a growing domestic market, with flowers being used for religious ceremonies, weddings, and other cultural events. The government has been supportive of the floriculture sector, providing incentives to encourage investments and modernization of flower farms. Overall, the Sri Lankan floriculture market presents promising opportunities for further growth and expansion.
The floriculture market in Sri Lanka is experiencing a shift towards sustainable and eco-friendly practices, with consumers showing a growing preference for locally grown flowers. There is an increasing demand for unique and exotic flowers, leading to the introduction of new varieties in the market. Additionally, there is a rising trend of gifting flowers for various occasions, boosting the overall sales in the industry. The market is also witnessing a surge in online flower delivery services, providing convenience to customers. Furthermore, there is a growing awareness about the benefits of flowers for mental well-being, driving the sales of indoor plants and floral arrangements. Overall, the Sri Lanka floriculture market is evolving to cater to changing consumer preferences and environmental concerns.
In the Sri Lankan floriculture market, one of the key challenges faced is the reliance on traditional farming methods and limited access to advanced technology for cultivation and post-harvest practices. This hinders the industry`s ability to increase production efficiency, quality control, and overall competitiveness in the global market. Additionally, fluctuating weather conditions and natural disasters pose risks to crop yields and supply chain disruptions. Furthermore, strict regulations on pesticide use and compliance with international quality standards present obstacles for growers in meeting export requirements. To address these challenges, investment in modern farming techniques, infrastructure development, and training programs to enhance skills and knowledge among growers are essential for the sustainable growth and success of the floriculture industry in Sri Lanka.
The Sri Lanka floriculture market presents promising investment opportunities due to the country`s favorable climate for growing a wide variety of flowers, including roses, orchids, and jasmine. With an increasing demand for flowers both domestically and internationally, there is a growing market for cut flowers, potted plants, and flower arrangements in Sri Lanka. Investing in commercial flower farms, florist shops, or floral export businesses could be lucrative ventures in this market. Additionally, there is potential for value-added products such as essential oils, perfumes, and herbal products derived from locally grown flowers. As the global demand for sustainable and eco-friendly products rises, investing in organic flower farming practices could also be a strategic move in the Sri Lanka floriculture market.
The Sri Lankan government has implemented various policies to support and promote the floriculture market in the country. These policies include providing subsidies and financial assistance to floriculture farmers, offering training programs to enhance skills and knowledge in floriculture practices, and facilitating access to technology and modern farming techniques. Additionally, the government has established regulations to ensure quality control and standardization in the production and export of flowers. Furthermore, initiatives have been put in place to promote sustainable practices in the floriculture sector, such as encouraging the use of eco-friendly cultivation methods and promoting organic farming. Overall, these government policies aim to boost the growth of the Sri Lankan floriculture market and enhance its competitiveness on both domestic and international fronts.
The future outlook for the Sri Lanka floriculture market appears promising, driven by factors such as increasing demand for flowers for various occasions including weddings, festivals, and corporate events. The growing trend of gifting flowers for special occasions and the rising popularity of floral arrangements for home decor are expected to further boost market growth. Additionally, the increasing awareness of the aesthetic and psychological benefits of flowers is likely to drive consumer interest in purchasing floral products. With advancements in technology and techniques for flower cultivation, the industry is poised for innovation and expansion. However, challenges such as climate change, fluctuating market prices, and competition from imported flowers may impact the market`s growth trajectory, necessitating strategic planning and market analysis for sustainable development.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Sri Lanka Floriculture Market Overview |
3.1 Sri Lanka Country Macro Economic Indicators |
3.2 Sri Lanka Floriculture Market Revenues & Volume, 2021 & 2031F |
3.3 Sri Lanka Floriculture Market - Industry Life Cycle |
3.4 Sri Lanka Floriculture Market - Porter's Five Forces |
3.5 Sri Lanka Floriculture Market Revenues & Volume Share, By Flower Type, 2021 & 2031F |
3.6 Sri Lanka Floriculture Market Revenues & Volume Share, By Sector, 2021 & 2031F |
3.7 Sri Lanka Floriculture Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.8 Sri Lanka Floriculture Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Sri Lanka Floriculture Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Sri Lanka Floriculture Market Trends |
6 Sri Lanka Floriculture Market, By Types |
6.1 Sri Lanka Floriculture Market, By Flower Type |
6.1.1 Overview and Analysis |
6.1.2 Sri Lanka Floriculture Market Revenues & Volume, By Flower Type, 2021 - 2031F |
6.1.3 Sri Lanka Floriculture Market Revenues & Volume, By Cut Flowers, 2021 - 2031F |
6.1.4 Sri Lanka Floriculture Market Revenues & Volume, By Loose Flowers, 2021 - 2031F |
6.2 Sri Lanka Floriculture Market, By Sector |
6.2.1 Overview and Analysis |
6.2.2 Sri Lanka Floriculture Market Revenues & Volume, By Retail, 2021 - 2031F |
6.2.3 Sri Lanka Floriculture Market Revenues & Volume, By Institutional, 2021 - 2031F |
6.3 Sri Lanka Floriculture Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Sri Lanka Floriculture Market Revenues & Volume, By Unorganised Retail, 2021 - 2031F |
6.3.3 Sri Lanka Floriculture Market Revenues & Volume, By Florists, 2021 - 2031F |
6.3.4 Sri Lanka Floriculture Market Revenues & Volume, By Supermarkets and Hypermarkets, 2021 - 2031F |
6.3.5 Sri Lanka Floriculture Market Revenues & Volume, By Online, 2021 - 2031F |
6.3.6 Sri Lanka Floriculture Market Revenues & Volume, By Others, 2021 - 2031F |
6.4 Sri Lanka Floriculture Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Sri Lanka Floriculture Market Revenues & Volume, By Aesthetic and Decorative Purposes, 2021 - 2031F |
6.4.3 Sri Lanka Floriculture Market Revenues & Volume, By Flavours and Fragrances, 2021 - 2031F |
6.4.4 Sri Lanka Floriculture Market Revenues & Volume, By Natural Colours, 2021 - 2031F |
6.4.5 Sri Lanka Floriculture Market Revenues & Volume, By Medicines, 2021 - 2031F |
6.4.6 Sri Lanka Floriculture Market Revenues & Volume, By Others, 2021 - 2031F |
7 Sri Lanka Floriculture Market Import-Export Trade Statistics |
7.1 Sri Lanka Floriculture Market Export to Major Countries |
7.2 Sri Lanka Floriculture Market Imports from Major Countries |
8 Sri Lanka Floriculture Market Key Performance Indicators |
9 Sri Lanka Floriculture Market - Opportunity Assessment |
9.1 Sri Lanka Floriculture Market Opportunity Assessment, By Flower Type, 2021 & 2031F |
9.2 Sri Lanka Floriculture Market Opportunity Assessment, By Sector, 2021 & 2031F |
9.3 Sri Lanka Floriculture Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.4 Sri Lanka Floriculture Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Sri Lanka Floriculture Market - Competitive Landscape |
10.1 Sri Lanka Floriculture Market Revenue Share, By Companies, 2024 |
10.2 Sri Lanka Floriculture Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |