Cyclamen Market Size, Share, Growth, and Industry Analysis by Type (Cyclamen Mini, Cyclamen Intermediate, and Cyclamen Standard) By Application (Commercial use and Home Use) Regional Forecast (2022-2027)

REPORT OVERVIEW

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The global cyclamen market size was USD 18,580 million in 2020. The global COVID-19 pandemic has been unprecedented and staggering, with cyclamen experiencing lower-than-anticipated/higher-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is projected to touch USD 17,820 million by 2027, exhibiting a CAGR of -0.6% during the forecast period. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Cyclamen is a type of species of perennial flowering plant in the Primulaceae family. Cyclamen classes are inherent to the Mediterranean Basin east to Iran and Europe with one class in Somalia. It is a small flowering plant that has small blooms on long branches that stretch up beyond the foliage and are sweet-scented. They mature from roots and are appreciated for their flowers with unevenly patterned leaves and upswept petals. Gardeners generally buy new plants due to the trouble in spreading such plants.

It comes in shades of purple, pink, white, and red. It is heart-shaped and is medium green, with silver marbling. It's frequently matured as an indoor plant and is especially popular during the winter time. Seeds can be implanted in midsummer for blooms in the consequent winter. It is poisonous for both animals and humans.

COVID-19 Impact: Supply Chain Disruption and Stringent Lockdown Restrictions to Hinder Industry Growth

The severe disruptions in their respective operations due to various precautionary lockdowns and other limitations imposed by governments all over the world. The global cyclamen market is no exception. Furthermore, consumer demand has decreased as people are now more focused on removing non-essential expenses from their budgets since the general economic situation of most people has been badly impacted by the outbreak. Over the forecast period, these factors are likely to weigh on the global flower industry. The global cyclamen market growth is predicted to revive as respective government agencies begin to lift these enforced lockdowns.

LATEST TRENDS

"Increasing Demand for Indoor Plant to Foster Market Growth"

The rising air pollution, particularly in the metro cities is one of the main issues motivating the market. The low upkeep, ease of buying, and cost-effectiveness are further stimulating the market growth. Previously, these plants were used for decoration but now they are used to recover the internal air quality. These plants remediate the air by captivating volatile organic composites & other impurities and releasing oxygen. Moreover, growing awareness among the people would further direct growth in the market.

Segmentation

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• By Type Analysis

By type, the market is segmented into Cyclamen Mini, Cyclamen Intermediate, and Cyclamen Standard.

Cyclamen mini is the leading segment in the global market with a 35% share.

• By Application Analysis

Based on applications, the market is classified into Commercial use and Home Use.

DRIVING FACTORS

"Research & Development Activities to Foster Market Growth"

There are several reports verifying an extensive series of progressive effects of flowers on people. The significance of plants is not restricted to their part in gathering our physical and financial needs. Plants add positivity to our mental health, make our societies safer, and improve our physical health. Moreover, hypothetical examinations of probable genotypic and phenotypic components of these reactions are yielding beneficial understandings. It helps to understand human response to precise features of plants. For example, urban atmospheres can be improved by adding trees of any shape or color. In specific situations, people are exposed to persistent stress, such as including more trees with dark green canopies in hospitals and spreading methods.

"Weather Conditions to Promote Growth"

Extreme weather events are becoming more frequent, and global warming is increasing the need for output around the world, boosting the cyclamen market. The introduction of the first F1 hybrid plant to the marketplace nearly 50 years ago, Syngenta Flowers remains a long custom of the invention in this significant global product. The acquisition of the Varinova Cyclamen industry in 2019 was one extra step in safeguarding a sturdy pipeline for the future. Manufacturers and vendors can pick from one of the largest varieties in the market, presenting diverse plant, flower and leaf styles, modified to their precise seasonal and manufacturing requirements.

RESTRAINING FACTORS

"Side Effects to Impede Market Progress"

Cyclamen is Hazardous for use. Poisoning with it has remained testified with dosages as low as 300 mg. Signs of poisoning consist of nausea, stomach pain, diarrhea, and vomiting. High amounts can cause severe poisoning, which can cause signs containing seizures and breathing difficulties.

REGIONAL INSIGHTS

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"Presence of Prominent Players to Promote Growth in North America"

Europe is projected to dominate the largest revenue contributor to the cyclamen market share. It is the major exporter and many countries want to purchase its seed to harvest seedlings and potted plants & cut flowers. The cyclamen market will still have a slight amount of growth and the production will rise at a substantial growth rate.

Asia-Pacific leads the cyclamen market and will remain to flourish its trend of domination during the forecast period. The rising disposable income, westernization, rapid globalization, growing awareness, and modernization about the benefits of plants are some major market growth factors for this region. Constant pressure amid the young people owing to several causes will nurture the development of the market. Increasing accessibility of a range of indoor plants will also generate profitable and remunerative market growth prospects. 

KEY INDUSTRY PLAYERS

"Incorporation of Strategies for Increasing Product Adoption to Help Companies Grow"

The peony industry is highly consolidated, with only a few major firms dominating. Because the market is so competitive, corporations are progressively spending on new product launches, mergers and acquisitions, collaborations, and expansions to stay ahead of the pack.

List of Market Players Profiled

• Morel (Israel)
• Syngenta (Switzerland)
• Eyraud (France)
• IZUMI Nouen (Japan)
• Varinova B.V. (Netherlands)
• Sakata Ornamentals (Denmark)
• Schoneveld (Netherlands)
• Boomaroo (U.S.)
• Sobkowich (Canada)
• China-Cyclamen (France)
• Senhe (U.S.)

REPORT COVERAGE

The research examines the most recent developments and the most profitable categories. It goes through the influence of COVID-19, the driving and restraining elements in detail. It keeps track of the important players' strategies and regional trends. It allows readers to learn about the critical methods that promote market growth.