Global Orchid research report showing compound annual growth rate and forecast till 2027

PUNE, India - Aug. 9, 2021 - PRLog -- The Global Orchid Market (https://www.alltheresearch.com/report/735/orchid-market) is defined with the presence of myriad competitors, which has given rise to a highly competitive vendor scenario to exist. All The Research has announced the addition of a new report titled, 'Global Orchid Market' to its vast database of research reports. With the penetration of new market participants on a regular basis, the global market is likely to witness an exceedingly heightened competition during the forecast period.

According to the research analysts from All The Research, Orchid Market was valued at US$ 5,152.1 Mn in 2020 and is expected to reach US$ 7,051.3 Mn by 2027 with a growing CAGR of 4.6% during the forecast period (2021-2027).

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The Global Orchid Market research report will mark the analysis of all the segments with the market information over the approaching years, the data on previous years, present market size, CAGR, aggregate market share and market forecast by all segments, by region, as well as the SWOT analysis for the market, industry trends, competitive analysis, and qualitative and quantitative data with regards to the market.

Most of the players operating in the market are expected to expand their presence by concentrating on product diversification and development, accordingly making them acquire a leading share of the market. Expansion in emerging countries to elevate growth and increase product sales is also considered to be one of the major strategies implemented by the majority of players functioning in the global Orchid market. This is chiefly due to the untapped potentials present in the emerging economies, in terms of product pricing and revenue generation.

Some of the leading competitors functioning in this market are:

Burnham Nurseries Ltd, Sun Bulb Company, Inc., Kawamoto Orchid Nursery, Orchids by Hausermann, Cal-Orchid Inc., Odom's Orchids, Al's Orchid Greenhouse, Waldor Orchids, Gubler Orchids, Ter Laak Orchids, among others

Global Orchid Market Product Type Outlook (Revenue, USD Million, 2021-2027)

• Phalaenopsis Orchid
• Cattleya Orchid
• Vanda Orchid
• Paphiopedilum Orchid
• Miltonia Orchid
• Others

Global Orchid Market Product Application Outlook (Revenue, USD Million, 2021-2027)

• Garden
• Cosmetic
• Herbal Medicine