The Floriculture Market in Vietnam is being driven by Use of flowers and plants for decorative/aesthetic purposes
The Floriculture Market in Vietnam is expected to grow at a CAGR of 9.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 320.5 million. In Vietnam's thriving economy, the market for premium goods, including floriculture, is experiencing significant growth. Calla lilies and tulips are among the high-demand, premium floral offerings in this sector. Consumers are increasingly seeking unique bouquets with diverse flower varieties, particularly for special occasions like weddings. Retailers are differentiating themselves by introducing premium pricing for these high-demand bouquets, catering to the growing preference for superior quality floral arrangements.
Get more information on Floriculture Market in Vietnam by requesting a sample report
The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
Rich Experience: 20+ years leading global market research, trusted insights across industries.
Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.
Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.
Market Scope |
|
Report Coverage |
Details |
Page number |
148 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.9% |
Market growth 2025-2029 |
USD 320.5 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
8.2 |
Key countries |
Vietnam, Asia, and Vietnam |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
The Floriculture Market in Vietnam encompasses various sectors including cut flower production, potted plant cultivation, ornamental plant breeding, bulb farming, seed distribution, and florist shops. Advanced technologies like greenhouse automation, hydroponic systems, tissue culture propagation, and vertical farming technology are employed. Irrigation management, integrated pest management, and disease control ensure optimal growth. Floral logistics, online flower delivery, wholesale flower markets, and retail flower shops cater to diverse consumer needs. Landscape architecture, garden center management, floral design, and event decor also form part of the market. Seasonal flower varieties, exotic flower imports, sustainable floriculture, organic flower certification, biotechnological applications, and consumer trends shape the industry. Target market analysis, floriculture certifications, local flower production, and the domestic and regional flower markets are crucial aspects of the business.
In the agricultural products and services market, the floriculture sector encompasses the production and trade of cut flowers, potted plants, ornamental plants, and florist supplies. Pre-production in this segment involves meticulous planning and preparation, including the selection of optimal plant species and the readiness of greenhouses equipped with advanced technologies such as tissue culture and vertical farming. These methods ensure the highest quality and yield, contributing significantly to Vietnam's burgeoning floriculture industry.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted