Vision Research Reports announced the global cut flower packaging market size surpassed at US$ 2.3 Bn in 2019 and projected to grow at a CAGR of 5% during the forecast period, 2020 to 2027.
Cut flower packaging helps maintain freshness of flowers and provides longer vase life. The packaging is done in such a way that cut flowers get the required temperature and humidity throughout the period of supply. Besides, the packaging helps protect the flower buds, enhances the aesthetic appeal, and gives a fine finishing touch. The packaging is available for a variety of flowers including orchids, roses, chrysanthemums, carnations, and lilies. The most commonly used cut flower packaging formats include cartoons, wrapping sheets, boxes, and sleeves.
E-commerce is a major element influencing the expansion of the global cut flower packaging market, and the credit goes to digitalization wave across the globe. People tend to buy or gift through online stores. There are online vendors who are facilitating doorstep delivery of flowers without any hassle. To deliver fresh flowers to doorstep, the vendors need to pack it properly so that there is no spoilage. This is propelling the demand of better cut flower packaging in market. Modified atmospheric (MAP) boxes are used for cut flower packaging in such cases. It ensures moisture for longer duration, hence reduces waste of cut flowers because of spoilage.
Innovation in Wrapping Style to Push Cut Flowers Packaging Market
The demand hikes at the time of valentine’s, festive season, mother’s day, and other similar occasion. Cut flower packaging demand also increases simultaneously in this season. Also, manufacturers have started focussing on customized textures and prints as meeting the requirements of the occasion. This is one of the factors helping in widening the horizon of cut flower packaging market.
Florists and retail vendors are trying to come up with innovative wrapping style to provide aesthetic appeal to cut flower packaging. Jute-based burlaps are gaining much attention in the cut packaging market. Sleeves segment has come out as one attractive packaging type.
Shift in Major Producers of Cut Flowers is Enhancing Demand for Advanced Packaging Solution
Earlier, Europe was the major producer of cut flower but lately a shift has been observed in the paradigm. Owing to the favourable weather conditions and cheap labour, lately, Africa is emerging as a major producer of cut flowers. The shift in production dynamics has out-turned shift in the demand of cut packaging demand as well. There is surge in the demand for advanced cut packaging pattern, which is anticipated to boost the cut flower packaging market.
Owing to the demand for advanced cut flower packaging, manufacturers are compelled to come up with packaging solution that can aid in maintaining freshness of flowers for longer duration.
Remunerative Opportunities for the Cut Flower Packaging Market in the Festive Season
The consumption of cut flowers is usually centered around holidays and the festive season. Manufacturers offer customized cut flower packaging solutions for such occasions. The demand for cut flowers is peak during the festive season and occasions such as Valentine’s Day, Mother’s day, and others. Most of the sales occur during this period and the demand for cut flower packaging surges. Manufacturers of cut flower packaging focus on offering customized prints and textures according to the occasion to appeal to a wider clientele. It is also observed that most of the cut flower packaging manufacturers earn a significant amount of their revenues during these seasons.
Cut Flower Packaging Manufacturers Boosting Sales through Different Distribution Channels
With increasing competition, cut flower packaging manufacturers are expanding their distribution channels. The increasing consumer inclination towards convenience stores and online sales channels has created high-growth prospects for the companies to distribute their cut flower packaging solutions via these channels. Some of the companies have witnessed strong growth in their revenue by trading through online sales channels. Along with this, cut flower packaging manufacturers are working with cut flower delivery start-ups and local vendors to effectively increase their penetration in the region.
Application of Modified Atmospheric Packaging in Cut Flower Packaging
In order to extend the postharvest life of the cut flowers, manufacturers make use of advanced packaging solutions such as modified atmospheric packaging (MAP) technology. This aids in maintaining the moisture content inside the package which results in increased shelf life. Longer shelf life of cut flowers allows processors, manufacturers, distributors, and retailers to control quality, and costs of cut flowers. Cut flower manufacturers take advantage of extended replacement cycles to reduce production replacement demands. Cut flower packaging distributors can expand their operational territories and offer a greater variety of product lines to the retailers, since less frequent replacement requirements will permit growth in under-penetrated areas for cut flowers as well as cut flower packaging formats.
Recent Developments in the Global Cut Flower Packaging Market
By packaging type, the sleeves segment of the cut flower packaging market was valued at approximately US$ 850 Mn in the year 2017. The paper and paperboard segment is anticipated to be the most rewarding segment in the global cut flower packaging market during the forecast period. The APAC region is expected to exhibit a positive outlook for the cut flower packaging market and is projected to grow at a healthy CAGR of 6.3% during 2019-2027.
Some of the prominent players of cut flower packaging market are A-ROO Company LLC, Flopak, Ernest Packaging Solutions, Taghleef Industries LLC, Pacombi Group BV, Hawaii Box & Packaging, and Mos Packaging Printing Factory.
Many local and new players are expected to contribute to the global cut flower packaging market in the course of forecast period.
The Cut flower packaging market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Cut flower packaging market for the base year 2020 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Cut flower packaging market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Cut flower packaging market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Cut flower packaging market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Cut flower packaging capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Cut flower packaging by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Cut flower packaging market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Cut flower packaging market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Cut flower packaging market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
For the region, type and application, the sales, revenue and their market share, growth rate are the key research objects; we can research the manufacturers' sales, price, revenue, cost and gross profit and their changes. What's more, we will display the main consumers, raw material manufacturers, distributors, etc.
Geographically, global xxx market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer.
We will provide market shares of the prominent market suppliers/companies separately for each of these geographies.
Overall, this is an in-depth research report specifically for the Cut flower packaging industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Cut flower packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Cut flower packaging market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Cut flower packaging market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Cut flower packaging market. These factors have benefited the growth of the global market for Cut flower packaging. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Cut flower packaging. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Cut flower packaging are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
Barrier Shrink Films Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis, Regional Insights and Forecast 2021-2028Read more...
Postal Packaging Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis, Regional Insights and Forecast 2021-2028Read more...
PVDC Shrink Bags Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis, Regional Insights and Forecast 2021-2028Read more...
MDO Films Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis, Regional Insights and Forecast 2021-2028Read more...
Extended Text Labels Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis, Regional Insights and Forecast 2021-2028Read more...