Indian Floriculture Market to Grow at a CAGR of 23% During 2011-12 - 2017-18.

Nov. 7, 2012 - PRLog -- Floriculture also known as flower farming refers to the cultivation of flowering and ornamental plants. Although flowers have been an integral part of the Indian society with flowers being grown for various purposes ranging from aesthetic to social and religious, commercial floriculture has been of recent origin. A strong increase in the demand for cut and loose flowers has made floriculture as one of the important commercial trades in Indian agriculture.

According to our report, " Indian Agriculture Market Report & Forecast: (2012-2017) ", the demand for flowers is increasing robustly in India. While exports remain a key motivator for cultivators, the domestic demand for flowers is also increasing exponentially, especially in the metros and larger cities. Modernization and growing western cultural influences has driven consumers to buy flowers on a number of occasions like valentine’s day, marriages, anniversaries, birthdays, friendship day, mother’s day, etc.

The report which has done a comprehensive analysis on the current and future scenario of the Indian floriculture market expects this market to grow at a CAGR of 23% during 2011-12 - 2017-18. The report expects the consumption of flowers to increase further as trends of urbanization and influence of western cultures increase further in the coming years. Apart from aesthetic and decorative purposes, a significant amount of flower consumption also takes place in industrial applications. This includes flavours, fragrances, natural colours, medicines, etc.
The report expects the consumption of these products to increase continuously during the forecast period creating a positive impact on the floriculture industry.

IMARC’s new report entitled “Indian Agriculture Market Report & Forecast: 2012-2017” provides an analytical and statistical insight into the agriculture industry along with its various segments and sub-segments. The study that has been undertaken using both desk-based and qualitative primary research has analyzed various aspects and provides a comprehensive understanding of the Indian agriculture market. The report can serve as an excellent guide for investors, researchers, consultants, marketing strategists, and all those who are looking to foray into the Indian agriculture market in some form or the other.

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