Vietnam’s floriculture market is projected to grow significantly over the next decade, reaching a market valuation of US$3.4 billion by 2032, according to Astute Analytica. The market is expected to expand from its current value of US$1.7 billion in 2023, at a compound annual growth rate of 8.47 percent from 2024 to 2032.
The sector’s growth can be attributed to increasing demand for flowers and ornamental plants, both domestically and internationally. Vietnam’s floriculture industry has gained recognition for its diverse range of high-quality flowers, with expanding export opportunities and rising consumer interest in ornamental plants driving further development.
With this projected growth, Vietnam’s floriculture market is poised to play an increasingly important role in the global horticulture sector.