Global Peony Market is Set for a Positive Growth Forecast at CAGR of 3.5% till 2023

Bharat Book Bureau Provides the Trending Market Research Report on “Global Peony Market, Forecast to 2023” under Food & Beverages category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.

Peony is a flowering plant in the genus Paeonia, the only genus in the family Paeoniaceae. Peony varieties with huge, double flowers will be the focal point of the garden when they bloom in early summer. Single-flowered types are more subtle and combine well with other perennials. Flower colors include pink, red, white, and yellow, and the plants grow 18 inches to 3 feet tall, depending on the variety. Peonies make an attractive low hedge. However, they can take up to 3 years to mature, and don't perform well in hot summer climates.

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Scope of the Report:
- This report focuses on the Peony in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
- Currently, the Netherlands peony occupy the absolute position, but the next few years there will be some change in the situation, his market will gradually be swallowed by other countries, especially China and the United States.
- Although the Peony market is fire, but because they need high technology to storage and transport, meanwhile with high inspection standards, if cannot supported by the facilities, research do not recommended for new manufacturers to enter the field.
- The worldwide market for Peony is expected to grow at a CAGR of roughly 3.5% over the next five years, will reach 540 million US$ in 2023, from 440 million US$ in 2017, according to a new GIR (Global Info Research) study.

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