The flower and ornamental plants market is expected to grow by USD 28.98 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the flower and ornamental plants market in optimistic, probable, and pessimistic forecast scenarios.
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The flower and ornamental plants market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the next normal.
This post-pandemic business planning research will aid clients to:
Adjust their strategic planning to move ahead once business stability kicks in.
Build resilience by making effective resource and investment choicesfor individual business units, products, and service lines.
Conceptualize scenario-based planning to mitigate future crisis situations.
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Key Considerations for Market Forecast:
Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
Pre- as well as post-COVID-19 market estimates
Quarterly impact analysis and updates on market estimates
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Major Three Flower And Ornamental Plants Market Participants:
1-800-FLOWERS.COM Inc. operates the business through various segments such as Consumer Floral, and BloomNet Wire Service. The company offers both flowers and ornamental plants. Some of the variants are orchids, bonsai, succulents, and others.
Astra Fund Holland BV
Astra Fund Holland BV operates the business through various segments such as Cut flowers, Pot plants, and Outdoor plants. The company offers cut flowers, pot plants, and outdoor plants.
Ball Horticultural Co.
Ball Horticultural Co. operates the business through the Unified segment. The company offers various products under Aster Matsumoto Series, Bells of Ireland (Moluccella), Campanula Champion Pro Series, and others.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/flower-and-ornamental-plants-market-industry-analysis
Flower And Ornamental Plants Market 2020-2024: Segmentation
Flower and ornamental plants market is segmented as below:
The flower and ornamental plants market is driven by the use of flowers and plants for decorative & aesthetic purposes. In addition, other factors such as growth in floriculture are expected to trigger the flower and ornamental plants market toward witnessing a CAGR of almost 6% during the forecast period.
Get more insights about the global trends impacting the future of the flower and ornamental plants market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR43042
Market positioning of vendors
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE: Technavio Research
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