PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1629712
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1629712
The global ornamental sunflower market is estimated to be valued at USD 161.6 Mn in 2024 and is expected to reach USD 218.4 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 161.6 Mn |
Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: | 4.40% | 2031 Value Projection: | US$ 218.4 Mn |
Ornamental sunflowers are hybrid varieties of sunflowers that are grown for decorative purposes in residential and commercial landscapes. They come in a wide variety of vibrant colors like yellow, orange, red, and burgundy. Ornamental sunflowers are valued for their large colorful blooms and ability to attract pollinators like bees. Their drought tolerance and long vase life make them a popular choice for brightening up gardens, borders, beds, and containers. Increasing consumer demand for colorful flowers along with growing trend of home gardening and vertical farming is fueling the adoption of ornamental sunflowers across the world.
The global ornamental sunflower market growth is driven by rising focus on urban gardening and vertical farming. Growing awareness about the environmental benefits of ornamentals in reducing carbon footprint has boosted their demand. Rapid urbanization has necessitated vertical cultivation using towers, trellises, and rooftop farms which favors the growth of ornamental sunflowers. Moreover, increasing popularity of organic and eco-friendly gardening free from pesticides is positively impacting the market growth. However, high upfront investment required for commercial cultivation could hamper the market growth. Also, dependency on climate and unfavorable weather conditions pose a challenge. Opportunities lie in developing hybrid varieties resistant to diseases through gene editing. Genome mapping of sunflowers can aid in the identification of genes, controlling flowering time, shape, and color.
This report provides in-depth analysis of the global ornamental sunflower market, and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global ornamental sunflower market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Dummen Orange, Syngenta Flowers, Sakata Seed Corporation, PanAmerican Seed, Ball Horticultural Company, Floranova, Proven Winners, Selecta One, Benary, Takii & Co., Ltd., Westhoff, and Fides
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global ornamental sunflower market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global ornamental sunflower market