The floriculture market share in Malaysia is expected to grow by USD 220.97 million, decelerating at a CAGR of 3.15% during the forecast period. The market is concentrated due to the presence of several players. Black Tulip Group, Dummen Orange, Floristika.com.my Sdn Bhd, I-Tech Farming Solution (M) Sdn Bhd, Paling Horticulture Sdn Bhd, Splendid Floriculture Sdn Bhd, Syngenta AG, Waltex Biotec Sdn. Bhd., Weeds and More Pte Ltd., and Yayasan Sabah Group are some of the major floriculture market vendors in Malaysia.
The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in this intensely competitive market, players must distinguish their product and service offerings through a clear and unique value proposition.
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The floriculture market in Malaysia is segmented by Type (Chrysanthemum, Rose, Carnation, and Others) and Sales Type (Domestic and Exports). The floriculture market growth in Malaysia by the chrysanthemum segment will be significant during the forecast period.
The increasing use of biotechnology in floriculture is the major floriculture market trend in Malaysia which will positively influence market growth. The floriculture market report in Malaysia provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.
The use of flowers and plants for decorative or aesthetic purposes is one of the primary factors driving the growth of the floriculture market in Malaysia. Factors such as the growing disposable income of households are encouraging individuals to spend more on their gardens. However, the over-dependence on climatic conditions is hindering the Malaysian floriculture market growth.
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Floriculture Market in Vietnam by Application and Type - Forecast and Analysis 2022-2026- The floriculture market share in Vietnam is expected to increase to USD 283.21 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 11.5%.