Bangladesh flower market reaches Tk1,200cr, expanding at 10% rate

The growing middle class, equipped with disposable income, along with the rise of corporate businesses and widespread use of flowers in various programs - have expanded the flowers and cut foliage business in Bangladesh.

However, cultural changes among the young generation in celebrating western festivals such Valentine’s Day, Friendship Day, Mother’s Day and iconic cultural events like Pohela Boishakh , Pohela Falgun have expedited the growth of flower business in the country. 

In addition, the celebration of National Days such as Ekushey February, Independence Day and Victory Day has reached to rural level more than ever before, which also helped boost the business. 

According to a recent Dhaka Chamber of Commerce and Industry (DCCI) statistics, the local market of flower and cut foliage has reached at Tk1,200 crore per annum and is witnessing a 10%  yearly growth.  

“Flowers are widely used in political, social and corporate events. This is because of economic growth, which brought changes in living standards of people as they have disposable income,” Anwar Faruque, a consultant to Bangladesh Flower Society told the Dhaka Tribune. 

Now people from all walks of life celebrate national days across the country, while young generation are observing several program where they all use flowers to greet friends and family members, said Faruque.
Source: https://www.dhakatribune.com

Tags :

Share this news on:

Previous Story

Archive