
KSA Flower and Ornamental Plants Market Trends, Revenue, Share, Scope, Growth Drivers, CAGR Status, Opportunities and Future Competition Till 2033: SPER Market Research
Category :
Agriculture
Published: Sep-2023
Author: SPER Analyst
Saudi Arabia Flower and Ornamental Plants Market is projected to be worth USD XX billion by 2033 and is anticipated to surge at a CAGR of XX%.
Ornamental plants are cultivated plants grown solely for their aesthetic appeal. They can be found in gardens, landscape design initiatives, as indoor houseplants, for producing cut flowers, and as display examples. Floriculture, or the specialist cultivation of these plants, is an important subsector of the horticultural discipline. Under the umbrella of floriculture, there is a category that includes cut flowers and decorative plants.
Saudi Arabia Flower and Ornamental Plants Market Driving Factors and Challenges
Several key factors influence the Saudi market for flowers and decorative plants. For starters, as the country's urbanization and income have grown, so has people's desire for attractive plants and flowers in their homes and public spaces. The government's plans to encourage landscaping and greenery as components of urban development projects have also contributed to the market's expansion. The increasing popularity of social gatherings and weddings, which typically involve floral décor, has further supported the industry's growth.
However, the market is confronted with a variety of difficulties. Saudi Arabia's hard environment, which is typified by high temperatures and arid conditions, is a big impediment because it can be harmful to many decorative plant species. This necessitates very sophisticated and resource-intensive production techniques, such as controlled environment agriculture. Another challenge is the demand for water conservation in a location with limited water supply. This raises the cost of maintaining beautiful gardens and may deter purchasers.
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Impact of COVID-19 on Saudi Arabia Flower and Ornamental Plants Market
The COVID-19 outbreak initially disrupted supply chains and reduced demand for various products in Saudi Arabia's market for flowers and ornamental plants. However, it also caused changes in consumer behaviour, such as an increase in interest in internet shopping and home gardening. The industry has had to adapt to these changes and work through the ongoing challenges brought on by the epidemic, such as resolving health and safety issues while meeting the growing demand for greenery and ornamental plants.
Saudi Arabia Flower and Ornamental Plants Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Alkifah Holding Group, Saudi Greenhouse Company, Saudi Co. for Green Buildings, Al-Dawood Royal Gardens, Others
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Saudi Arabia Flower and Ornamental Plants Market Segmentation:
By Product Type: Based on the Product Type, Saudi Arabia Flower and Ornamental Plants Market is segmented as; Potted Plants, Cut Flowers.
By Application: Based on the Application, Saudi Arabia Flower and Ornamental Plants Market is segmented as; Home, Commercial, Others.
By Region: This research also includes data for Eastern Region, Southern Region, Western Region, Northern Region.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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