Floriculture Market in Malaysia to Grow by USD 220.97 mn | Technavio – QNT Press Release

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NEW YORK, Feb. 19, 2022 /PRNewswire/ — The flora market in Malaysia is expected to grow by USD 220.97mn from 2021 to 2026. However, the growth momentum of the market will decelerate at a CAGR of 3.15% during the forecast period, according to Technavio. The report offers an up-to-date analysis as well as exact growth variance and the YOY growth rate.

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Floriculture Market in Malaysia 2022-2026: Scope

The flora market in Malaysia report covers the following areas:

Floriculture Market in Malaysia 2022-2026: Drivers and Challenges

One of the key drivers supporting the flora market growth in Malaysia is the use of flowers and plants for decorative/aesthetic purposes. The growing domestic and housing property market in Malaysia has led to high demand from the landscaping industry. Factors such as the rising disposable income of households are encouraging individuals to spend more on their gardens. Meanwhile, the availability of several varieties of flowering plants, and the awareness regarding environmental sustainability will continue to play a key role in market growth during the forecast period.

The flora market growth in Malaysia is hindered by the over-dependence on climatic conditions. The floriculture industry is highly dependent on the prevailing climatic conditions. The adverse impact of global climate change can also be seen in Malaysia. The country has seen below-average rainfall over the past several years. In addition, the limited supply of freshwater and drought-like conditions threaten flower production in the country and, in turn, the supply chain in the industry. Moreover, rising temperature as a result of global warming is adversely affecting flower pollination.

Floriculture Market in Malaysia 2022-2026: Segmentation

  • Type
    • Chrysanthemum
    • Rose
    • Carnation
    • Others
  • Sales type
    • Domestic
    • Exports

Learn more about the contribution of each segment of the market. …

Full story available on Benzinga.com

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