Cut Flower Packaging Market is Projected to Expand at a CAGR of 4.8% During the Forecast Period 2018-2027: RMOZ SAYS
Wednesday, January 30, 2019
Press release from the issuing company
The global market for cut flower packaging is expected to be valued around US$ 2.1 Bn by 2018. The cut flower packaging market is projected to expand at a CAGR of 4.8% during the forecast period, 2018-2027.
Cut flower packaging helps to keep cut flowers fresh and lively throughout the supply chain. Perishable products such as cut flowers need to be packaged in appropriate packaging formats to maintain their freshness and ensure maximum vase life. Packaging plays a crucial role in this, as flowers require specific temperature and humidity to sustain. The most common cut flower packaging formats are boxes & cartons, sleeves, and wrapping sheets.
The global cut flower packaging market has been segmented on the basis of material, packaging type, and sales & distribution channel. By material type, the plastic segment holds the maximum share in the global cut flower packaging market followed by paper and paperboard, which can be attributed to their extensive use in retail sales applications. The boxes segment in the cut flower packaging is gaining traction as these are preferred for long distance transits during export and import of cut flowers. Nowadays, many companies are offering luxury boxes for cut flower packaging which is expected to result in an increased market share of the boxes segment in the global cut flower packaging market. Cut flower packaging solutions can be manufactured using materials such as paper & paperboard, plastic, wood, and fabrics. Florists remain the most prominent distributors for the cut flower packaging market, although online sales are gaining traction rapidly.
Remunerative Opportunities for the Cut Flower Packaging Market in the Festive Season
Cut Flower Packaging Manufacturers Boosting Sales through Different Distribution Channels
Application of Modified Atmospheric Packaging in Cut Flower Packaging
Recent Developments in the Global Cut Flower Packaging Market
The industry is witnessing paradigm shift with new entrants introducing alternatives for conventional cellophane and other plastic-based wraps. Using burlaps, and other fabric-based wrappings for cut flower packaging, helps these new entrants stand out among their competitors.
Leading manufacturers such as A-ROO Company are focusing on providing "Earth-Friendly Packaging Solutions" for cut flower packaging to reduce impact of packaging waste on the planet.
By packaging type, the sleeves segment of the cut flower packaging market was valued at approximately US$ 850 Mn in the year 2017. The paper and paperboard segment is anticipated to be the most rewarding segment in the global cut flower packaging market during the forecast period. The APAC region is expected to exhibit a positive outlook for the cut flower packaging market and is projected to grow at a healthy CAGR of 6.3% during 2019-2027
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Competitive Landscape: Cut Flower Packaging Market
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