The import of fresh cut flowers and flower buds for bouquets to India is expected to continue its upward trajectory from 2024 through 2028, showing a year-on-year increase in volume. Standing at 1.95 million kilograms in 2023, the forecasted data suggests a consistent annual growth rate until 2028. The projected compound annual growth rate (CAGR) from 2024 to 2028 is indicative of steady market expansion.
Future trends to watch for include:
- Increasing consumer demand for natural and decorative products in urban areas.
- Potential impact of trade policies and agreements on import volumes.
- Rising global awareness and consumption of sustainable and ethically sourced floral products.