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Malaysia Floriculture Market Size (2024 - 2029)

The Malaysia Floriculture Market is projected to experience significant growth over the forecast period, driven by expanding export opportunities and supportive government initiatives aimed at boosting cut flower production. The market's expansion is particularly notable in the chrysanthemum segment, which has shown substantial consumption value and potential for further growth due to extensive production areas. Malaysian growers adhere to stringent quality standards, contributing to a robust distribution network for both domestic and international markets. The increasing demand for Malaysian cut flowers from countries such as Japan, Thailand, Singapore, and Australia is expected to further propel the market's growth trajectory.

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Market Size of Malaysia Floriculture Industry

Malaysia Floriculture Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 1.12 Billion
Market Size (2029) USD 2.31 Billion
CAGR (2024 - 2029) 15.60 %

Malaysia Floriculture Market Analysis

The Malaysia Floriculture Market size is estimated at USD 1.12 billion in 2024, and is expected to reach USD 2.31 billion by 2029, growing at a CAGR of 15.60% during the forecast period (2024-2029).

  • The market is witnessing growth due to factors such as growing export potential and government support to increase cut flower production. Among the temperate flowers, the chrysanthemum possesses maximum utility potential in the country. Chrysanthemum has the potential for further expansion during the forecast period due to large acres of production.
  • Chrysanthemum stands poised for further expansion, bolstered by extensive production acreage, consistent year-round yields, and growers adhering to stringent SOPs, ensuring high-quality output garners overseas demand. Organizations like the Cameron Highlands Floriculturist Association and the Commercial Orchid Growers’ Association of Malaysia unite various temperate flower producers, facilitating dealings with foreign importers. These collaborations are driving the growth of the country's export flower market. flowers in both domestic and foreign markets.
  • Over the long term, the increasing export demand is anticipated to drive the market's growth. Japan, Thailand, Singapore, and Australia are the major countries importing cut flowers from Malaysia. China, India, the Netherlands, and Indonesia are the major countries exporting cut flowers to Malaysia. These factors indicate that Malaysia is poised to emerge as the leading exporter of floriculture products. By embracing advanced technologies and intensifying breeding activities, Malaysia is bolstering its domestic production, fueling growth in its floriculture market.

Malaysia Floriculture Indsutry Segmentation

Floriculture is a type of horticulture practice that focuses on cultivating flowering and ornamental plants for gardens and commercial use. The Malaysian floriculture market is segmented by flower type (orchids, rosa, chrysanthemum, carnation, aster, gerbera, lily, and other flowers). The report offers the market size and forecasts in terms of value in USD for the above segment.

Flower Type
Orchids
Rosa
Chrysanthemum
Carnation
Aster
Gerbera
Lily
Other Flowers
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Malaysia Floriculture Market Size Summary

The Malaysia floriculture market is poised for significant growth, driven by increasing export potential and supportive government initiatives aimed at boosting cut flower production. The market is characterized by a diverse range of floriculture species, with chrysanthemums leading the segment due to their expansive production capabilities and adherence to strict quality standards. The country's strategic position as a major exporter of cut flowers, particularly to countries like Japan, Thailand, Singapore, and Australia, underscores its growing importance in the global floriculture landscape. The government's focus on developing high-value industries, as outlined in the National Agro-food Policy, has further propelled the sector, with plans to expand cultivation areas and establish commercial nurseries to meet rising demand.

Government support plays a crucial role in the market's expansion, with initiatives such as public-private partnerships and financial incentives designed to attract investments and enhance export capabilities. The introduction of tax reliefs and export allowances for local companies exporting floriculture products has been instrumental in fostering a competitive industry. Malaysia's strategic efforts to increase the area under floriculture production and improve support services are expected to drive market growth during the forecast period. The country's commitment to developing a robust logistics and marketing network, as seen in the Malaysian Floriculture Industry Development Policy, further reinforces its position as a key player in the global floriculture market.

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Malaysia Floriculture Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Government Support is Aiding the Expansion of Cultivated Area

      2. 1.2.2 Growing Potential of Floral Exports

      3. 1.2.3 Advanced Technologies and intensifying breeding activities

    3. 1.3 Market Restraints

      1. 1.3.1 Raising Concerns Over Pest and Disease Infestation

      2. 1.3.2 Concerns Related to Overseas Transportation

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Flower Type

      1. 2.1.1 Orchids

      2. 2.1.2 Rosa

      3. 2.1.3 Chrysanthemum

      4. 2.1.4 Carnation

      5. 2.1.5 Aster

      6. 2.1.6 Gerbera

      7. 2.1.7 Lily

      8. 2.1.8 Other Flowers

Malaysia Floriculture Market Size FAQs

The Malaysia Floriculture Market size is expected to reach USD 1.12 billion in 2024 and grow at a CAGR of 15.60% to reach USD 2.31 billion by 2029.

In 2024, the Malaysia Floriculture Market size is expected to reach USD 1.12 billion.

Malaysia Floriculture Market Report Snapshots

Malaysia Floriculture Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)