The global flower seeds market was valued at USD 2.47 billion in 2023 and is projected to grow from USD 2.58 billion in 2024 to USD 3.96 billion by 2032, registering a CAGR of 5.48% during the forecast period. In 2023, Europe dominated the market, accounting for 57.89% of the global share.
Flower seeds are small, dry structures produced by flowering plants, containing an embryo and its food supply. The market is highly dynamic and influenced by factors such as increasing disposable incomes, the adoption of sustainable and organic gardening practices, the rising popularity of floriculture products, and advancements in seed technology.
Key players in the flower seeds industry are focusing on innovation and the development of new seed varieties, as well as introducing home gardening collections to meet evolving consumer preferences and market demands.
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List of Key Players Mentioned in the Report:
- Sakata Seed Corporation (Japan)
- Muller Bloemzaden BV (Netherlands)
- Garden Seeds Market (Poland)
- KIMCO SEEDS INC. (India)
- Urja Agriculture Company (India)
- EconSeeds BV. (Netherlands)
- Dutch Garden Seeds (Netherlands)
- The Seed Company (U.S.)
- Eden Brothers (U.S.)
- Syngenta AG (Switzerland)
Segmentation:
HybridSegment is Likely to Capture Major Share Owing to Desirable Traits for Growers' Preference
By trait type, the market is divided into hybrid and open-pollinated. The hybrid segment is touted to capture a major share of the market. The segment's prevalence stems from genetically improved traits, such as heightened yield, disease resistance, and uniformity, catering to the commercial flower industry's need for reliable quality and consistent yield.
Protected CultivationSegment to Secure Major Market Share owing to Risk Mitigation and Profitability Enhancement
By application, the market is fragmented into protected cultivation and open-field. The protected cultivation segment is poised to capture a major flower seeds market share. Utilizing protective structures shields crops from adverse weather, pests, and diseases, minimizing risks and fostering more predictable harvests. This risk mitigation aspect contributes to the growth of the segment in the market.
Annual Segmentto Secure Major Market Share Owing to Commercial Adaptability to Market Trends
By flower type, the market is fragmented into biennial, perennial, and annual. The annual segment is touted to capture a significant share of the global market. Annual flowers offer commercial growers flexibility, enabling them to adjust cultivation in response to market demand. This adaptability plays a key role in the substantial growth of the segment in the market.
In terms of region, the market for flower seeds is categorized into Europe, North America, Asia Pacific, South America, and the Middle East & Africa.
Report Coverage:
The analysis report provides a thorough examination of the market, delivering key insights into market size, statistics, regional and global market share, growth rates, competitive landscape, mergers, acquisitions, regulatory scenarios, and notable industry trends.
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Drivers and Restraints:
Development of New Seed Varieties to Propel Market Progress
Manufacturers' emphasis on visually appealing and sustainably produced flower varieties aligns with consumer preferences, boosting flower seeds market growth as demand rises for ethically sourced and aesthetically pleasing seeds. Moreover, collaborative efforts, as witnessed in the Bali province's partnership in July 2023, result in the creation of unique seed varieties such as Marigold Bali Sudamala. This trend supports market expansion by reducing imports and catering to consumer preferences for locally sourced seeds.
However, complex research, specialized techniques, and controlled pollination raise production costs, deterring consumers with higher prices for hybrid flower seeds.
Regional Insights:
Europe to Secure a Significant Market Share Owing to Technological Advancements and Regional Market Strategies
The market value of Europe stood at USD 1.43 billion in 2023 and is poised to secure a significant market share. Flower seed manufacturers in Europe leverage global market trends, embracing technological advancements and tailoring strategies to regional variations. The strategic expansion, as seen with EconSeeds B.V. in July 2021, aligns with market demands, fostering substantial growth in the segment.
The Middle East & Africa witnesses a surge in demand as awareness of aromatherapy and the therapeutic properties of aromatic flowers grows. This creates new opportunities for market expansion in the region, exemplified by Saudi farmers (July 2023) focusing on jasmine cultivation.
Competitive Landscape:
Key Players are Focusing on Strategic Acquisition to Expand their Market Presence
In a notable move, Sakata Seed Corporation acquired ISLA Sementes, a Brazilian seed company, in October 2023. This strategic acquisition aims to diversify Sakata's flower seed offerings, tapping into new customer bases and fostering increased demand in the flower seeds market.
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Key Industry Development:
March 2022: Sakata Seed Corporation launched its global brand website, providing up-to-date information on the group's worldwide businesses to stakeholders worldwide.
