Published by Vironi Solutions LLP
Posted on October 12, 2021
Rapid change in consumer gifting habits on various special occasions such as birthdays, anniversaries, festivals, marriages, farewell parties, and religious ceremonies has become the major driving source for the orchid market. The global floral gifting market has observed substantial growth in the last few years and is expected to exhibit a similar trend in the upcoming future. Modernization and growing western culture are the prime factors influencing the floral gifting culture globally. Moreover, the increase in demand is also due to changing consumer preferences to go digital, increasing purchase of gifts from various online retailers for gifting purposes, and the growing trend of corporate gifts to reward the employees for their contributions and achievements.
The Global 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)
Several other factors such as the rising use of orchids in cosmetics, herbal medicines, cooking, and many more have contributed to the growth of the orchid market. Orchids have been used as a source of medicine for millennia to treat different diseases and ailments including tuberculosis, paralysis, cholera, acidity, stomach disorders, chest pain, syphilis, jaundice, eczema, arthritis, tumor, piles, among others.
Get a Sample Copy of the Orchid Market Report 2021-2027 Including TOC, Figures, and Graphs at https://www.alltheresearch.com/sample-request/735
Points Covered of this report are:
To share detailed information about the key factors such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors etc.
To study and analyze the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Key Players covered in the Orchid Market report is:
For more Customization, Connect with us at https://www.alltheresearch.com/customization/735
By Product Type:
By Application:
Orchid Market by Region Outlook:
In terms of geography, The Asia Pacific region is expected to grow at a rapid pace owing to the presence of abundant natural resources like minerals, ores, among others, in countries like China, India, Australia, Malaysia, and other Asian countries. These countries carry out mining and construction activities to extract natural resources in the region. The construction industry of the region has started adopting Orchids for site inspection and for speeding up construction activities on site.
Get the PDF to understand the CORONA Virus/COVID19 impact and be smart in redefining business strategies: https://www.alltheresearch.com/impactC19-request/735
Orchid Market Key Findings:
About AllTheResearch:
We are a market-intelligence company formed with the objective of providing clients access to the most relevant and accurate research content for their growth needs. At AllTheResearch, we understand Research requirements and help a client in taking informed business-critical decisions. Given the complexities and interdependencies of market intelligence, there is always more than one source to explore and arrive at the right answer. Through our smart search feature and our reliable & trusted publishing partners, we are paving way for more simplified and relevant research.
For all your Research needs, reach out to us at:
Contact Person: Rohan S.
Email: contactus@alltheresearch.com
US: +1(407)-768-2028
Rapid change in consumer gifting habits on various special occasions such as birthdays, anniversaries, festivals, marriages, farewell parties, and religious ceremonies has become the major driving source for the orchid market. The global floral gifting market has observed substantial growth in the last few years and is expected to exhibit a similar trend in the upcoming future. Modernization and growing western culture are the prime factors influencing the floral gifting culture globally. Moreover, the increase in demand is also due to changing consumer preferences to go digital, increasing purchase of gifts from various online retailers for gifting purposes, and the growing trend of corporate gifts to reward the employees for their contributions and achievements.
The Global 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)
Several other factors such as the rising use of orchids in cosmetics, herbal medicines, cooking, and many more have contributed to the growth of the orchid market. Orchids have been used as a source of medicine for millennia to treat different diseases and ailments including tuberculosis, paralysis, cholera, acidity, stomach disorders, chest pain, syphilis, jaundice, eczema, arthritis, tumor, piles, among others.
Get a Sample Copy of the Orchid Market Report 2021-2027 Including TOC, Figures, and Graphs at https://www.alltheresearch.com/sample-request/735
Points Covered of this report are:
To share detailed information about the key factors such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors etc.
To study and analyze the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Key Players covered in the Orchid Market report is:
For more Customization, Connect with us at https://www.alltheresearch.com/customization/735
By Product Type:
By Application:
Orchid Market by Region Outlook:
In terms of geography, The Asia Pacific region is expected to grow at a rapid pace owing to the presence of abundant natural resources like minerals, ores, among others, in countries like China, India, Australia, Malaysia, and other Asian countries. These countries carry out mining and construction activities to extract natural resources in the region. The construction industry of the region has started adopting Orchids for site inspection and for speeding up construction activities on site.
Get the PDF to understand the CORONA Virus/COVID19 impact and be smart in redefining business strategies: https://www.alltheresearch.com/impactC19-request/735
Orchid Market Key Findings:
About AllTheResearch:
We are a market-intelligence company formed with the objective of providing clients access to the most relevant and accurate research content for their growth needs. At AllTheResearch, we understand Research requirements and help a client in taking informed business-critical decisions. Given the complexities and interdependencies of market intelligence, there is always more than one source to explore and arrive at the right answer. Through our smart search feature and our reliable & trusted publishing partners, we are paving way for more simplified and relevant research.
For all your Research needs, reach out to us at:
Contact Person: Rohan S.
Email: contactus@alltheresearch.com
US: +1(407)-768-2028
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