Cut Flower Packaging Market Analysis: The Plastic Segment to Dominate the Cut Flower Packaging Market in Terms of Market Share
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
The consumption of cut flowers is usually centered around holidays and the festive season. Manufacturers offer customized cut flower packaging solutions for such occasions. The demand for cut flowers is peak during the festive season and occasions such as Valentine’s Day, Mother’s day, and others. Most of the sales occur during this period and the demand for cut flower packaging surges. Manufacturers of cut flower packaging focus on offering customized prints and textures according to the occasion to appeal to a wider clientele. It is also observed that most of the cut flower packaging manufacturers earn a significant amount of their revenues during these seasons.
Cut Flower Packaging Manufacturers Boosting Sales through Different Distribution Channels
With increasing competition, cut flower packaging manufacturers are expanding their distribution channels. The increasing consumer inclination towards convenience stores and online sales channels has created high-growth prospects for the companies to distribute their cut flower packaging solutions via these channels. Some of the companies have witnessed strong growth in their revenue by trading through online sales channels. Along with this, cut flower packaging manufacturers are working with cut flower delivery start-ups and local vendors to effectively increase their penetration in the region.
Application of Modified Atmospheric Packaging in Cut Flower Packaging
In order to extend the postharvest life of the cut flowers, manufacturers make use of advanced packaging solutions such as modified atmospheric packaging (MAP) technology. This aids in maintaining the moisture content inside the package which results in increased shelf life. Longer shelf life of cut flowers allows processors, manufacturers, distributors, and retailers to control quality, and costs of cut flowers. Cut flower manufacturers take advantage of extended replacement cycles to reduce production replacement demands. Cut flower packaging distributors can expand their operational territories and offer a greater variety of product lines to the retailers, since less frequent replacement requirements will permit growth in under-penetrated areas for cut flowers as well as cut flower packaging formats.
Recent Developments in the Global Cut Flower Packaging Market
- Uflex Ltd., a leading packaging manufacturer in India, has designed a cut flower packaging solution called FlexFresh. FlexFresh keeps the flowers fresh for up to 15 hours without water. This innovative technology for cut flower packaging has aided in saving gallons of water along with reducing wastage of flowers throughout the supply chain. Uflex Ltd. was awarded a gold medal at the Flexible Packaging Awards for this initiative.
- 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.
Competitive Landscape: Cut Flower Packaging Market
Detailed profiles of companies are also included in the cut flower packaging market report to evaluate their strategies, key product offerings, and SWOT analysis along with recent developments. The key players in the global cut flower packaging market are Smurfit Kappa Group, DS Smith plc, Atlas Packaging, Uflex Ltd, Clondalkin Group Holdings BV, A-ROO Company LLC, Flamingo Holland Inc., Taghleef Industries LLC, Robert Mann Packaging, Hawaii Box & Packaging, Inc. Ernest Packaging Solutions, Mos Packaging Printing Factory, Flopak, Inc, Koen Pack USA, Inc., Sirane Ltd, Dilpack Kenya, Packaging Industries Ltd., JX Nippon ANCI Corporation, Pacombi Group BV and Broekhof Verpakkingen B.V. Many local and unorganized players are expected to contribute to the global cut flower packaging market during 2018-2027.
In this report, TMR offers a 9-year forecast of the global cut flower packaging market between 2018 and 2027. In terms of value, the cut flower packaging market is forecast to expand at a CAGR of 4.8%. The study reveals the market dynamics in five geographic segments along with a market analysis for the current cut flower packaging market environment and future scenario over the forecast period.
This TMR report studies the global cut flower packaging market for the period 2018–2027. The prime objective of this report is to offer insights and key market trends pertaining to the global cut flower packaging market that are gradually helping transform global businesses.
The cut flower packaging market numbers have been assessed by carefully scrutinizing the production of cut flower packaging, in all the five key regions for the current year, as well as the historical performance of the cut flower packaging market. Market size and forecast for each segment of the cut flower packaging market have been provided in the context of regional markets. All the segmentation for cut flower packaging has been considered after appropriate secondary research and revalidation of the data obtained through interviews with key thought leaders in the industry. The cut flower packaging market has been forecast based on constant currency rates.
A number of primary and secondary sources were consulted during the course of the study on the cut flower packaging market. Secondary sources for data on cut flower packaging trade include Factiva, various label associations, as well as company annual reports & publications. Detailed trade data has been provided to assess the global cut flower packaging market supply/demand scenario.
The global cut flower packaging market report begins with an executive summary intended to give a clear perspective about the market to the reader. It is then followed by a thorough definition of cut flower packaging and the market segmentation describing the scope of the study. This is to outline the significance of cut flower packaging as a product, and the impact of segmental growth on the industry.
A Porter’s Analysis section ensures a thorough understanding of the level of competition in the cut flower packaging market. Porter’s Analysis for the global cut flower packaging market has been covered for bargaining power of suppliers and buyers, threat of substitutes and new entrants, and the intensity of competition. This is followed by market dynamics and an overview of the global cut flower packaging market, which includes TMR analysis of market drivers, restraints, trends, and opportunities that are affecting the growth of the cut flower packaging market.
The material types considered in the cut flower packaging market study includes paper & paperboard, plastic, and others. Of these, the plastic segment accounts for the major share of the global cut flower packaging market.
On the basis of packaging type, the cut flower packaging market has been segmented into sleeves, boxes & cartons, and wrap sheets. Of these, the sleeves segment is anticipated to grow at a healthy CAGR in the global cut flower packaging market.
On the basis of sales & distribution channel, the global cut flower packaging market has been segmented into florists, supermarkets, and online sales. The florists segment in the global cut flower packaging market is expected to heavily dominate the market during the forecast period.
The next section of the report highlights the cut flower packaging market by region and provides the market outlook for 2018–2027. The report evaluates the present scenario and growth prospects of the regional cut flower packaging market for 2018–2027. The next section of the report highlights the cut flower packaging market by region and provides the market outlook for 2018–2027. The study investigates the regional year-on-year (Y-o-Y) growth of the cut flower packaging market. The key regions assessed in this report include North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa (MEA). The report evaluates the present scenario and growth prospects of the regional cut flower packaging market for 2018–2027.
To ascertain the market size in terms of value and volume, the revenue generated by the key manufacturers of cut flower packaging and their respective production capacity is taken into consideration. The forecast presented here assesses the total revenue generated by value across the cut flower packaging market. In order to provide an accurate forecast, we started by sizing up the current market, which formed the basis of how the cut flower packaging market is expected to develop in the future. Given the characteristics of the market, we have triangulated the outcome on the basis of three different types of analysis, based on supply side, downstream industry demand for cut flower packaging, and the economic envelope. In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyze the market based on key parameters, such as Y-o-Y growth rates, to understand the predictability of the cut flower packaging market and identify the right opportunities for players.
To understand the key growth segments in terms of growth and adoption of cut flower packaging globally, in the final section of the report, a ‘dashboard view’ of the companies is provided to compare the current industrial scenario and their contribution to the total cut flower packaging market. Moreover, it is primarily designed to provide clients with an objective and exhaustive list of manufacturers in the cut flower packaging market. A detailed comparative assessment of key providers specific to a segment in the cut flower packaging market is also included in the report. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors in the cut flower packaging market.
The key manufacturers in the cut flower packaging market profiled in this report include Smurfit Kappa Group, DS Smith plc, Atlas Packaging, Uflex Ltd, Clondalkin Group Holdings BV, A-ROO Company LLC, Flamingo Holland Inc., Taghleef Industries LLC, Robert Mann Packaging, Hawaii Box & Packaging, Inc. Ernest Packaging Solutions, Mos Packaging Printing Factory, Flopak, Inc, Koen Pack USA, Inc., Sirane Ltd, Dilpack Kenya, Packaging Industries Ltd., JX Nippon ANCI Corporation, Pacombi Group BV and Broekhof Verpakkingen B.V. Many local and unrecognized players are expected to contribute to the global cut flower packaging market during 2018-27.
Key Segments Covered in the Cut Flower Packaging Market
- By Material Type
- Paper & Paperboard
- By Packaging Type
- Boxes & Cartons
- Wrapping Sheets
- By Sales & Distribution Channel
- Supermarkets & Retail Stores
- Online Sales
Key Regions Covered in the Cut Flower Packaging Market
- North America
- Latin America
- Rest of Latin America
- Rest Of Europe
- Asia Pacific
- ASEAN Countries
- AUS & NZ
- Rest of APEJ
- Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Northern Africa
- Rest of MEA