China Cut Flower Market size is projected to grow at a CAGR of 12.9% during 2023-2029

Rose segment on the basis of flower types attained the largest revenue share in the China Cut Flower Market – 6Wresearch

By flower types, Rose acquired a major revenue share in 2022 and a similar trend is expected to continue in the future owing to rising trends to decorate houses as a part of routine life along with the rise in culture to gift someone on special occasions such as Valentine’s Week, Mother’s Day, wedding anniversary, and also as a bouquet on the weddings.

According to 6Wresearch, China Cut Flower Market size is projected to grow at a CAGR of 12.9% during 2023-2029. In 2021, the Kunming Flower Auction Trade Centre sold 1.7 billion flowers in total, a 20.59% increase over 2020. In China's main cut flower-producing region, Yunnan, the growth is paired with digital technologies, such as auctions and e-commerce, which helps the agricultural park see an increase in flower orders in early 2023 with the sale of more than 30 million seedlings and 6 million fresh-cut flower stems. Moreover, suppliers from Yunnan are strengthening their brand recognition with live-streaming shows and direct sales on popular websites. Also, courier giant SF Express has invested in full-cargo aircraft and cold-chain vehicles and has created an 'aviation plus high-speed railway plus cold chain' transportation mode that would offer fresh cut flowers delivery directly from the fields to customers in as little as 24 hours.

According to Ravi Bhandari, Research Head, 6Wresearch, the commercial segment based on application is estimated to rise in the coming years. By commercial segment, events acquired the highest revenue share in the cut flower market of China, and the same trend is expected to continue in the years ahead owing to the continuous events hosted by the country that have led to the welcoming of delegates and exhibitors along with the decoration of workplaces. Further, 40 events are expected to be held at Shenyang New World EXPO in 2023 which would lead the market growth.

The China Cut Flower Market (2023-2029) report provides an in-depth analysis with 11 figures and 6 tables, covered in 62 pages. The report comprehensively covers the market by flower types, applications, and sales channels. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.