Project Report For Orchid Plantation
Project report for Orchid Plantation is as follows.
Orchids are members of the family Orchidaceae, which has about Ogenera and over 20,000 species found all over the world, with over Ovarieties (Chadha, 1994).
Furthermore, the simplicity with which they may be hybridised has resulted in the development of 100,000 man-made registered hybrids. Orchids are the most intriguing, diverse, and gorgeous flowers of all. They are so unlike that it is difficult to realise they are related at first look.
Some are enormous and flashy, while others are very minuscule. Some have delicate colouring, while others have such vibrant colours and patterns that one immediately associates them with tropical harbour animals.
The growing practice of presenting flowers for important events such as Christmas, birthdays, and weddings is also moving the Orchid business ahead. Giving flowers as gifts on special occasions is becoming more common in developing nations such as China, India, and Thailand.
Product innovation has evolved into a critical strategy for satisfying client demand and growing revenue. Seasonal decorations, such as colourful home and wall art for holidays such as Christmas and Halloween, are positively impacting the global floral gifting industry, rising demand for orchids.
Market Potential Of Orchid Plantation
The Global Orchid Market was valued at $5,152.1 million in 2020 and is estimated to reach $7,051.3 million by 2027, rising at a CAGR of 4.6 percent during the forecast period (2021-2027).
The orchid industry is predicted to increase rapidly due to the increasing usage of orchids in cosmetics, herbal remedies, and cookery, among other applications. Various orchids are used to cure ailments, such as dried dendrobium, which is said to have medicinal characteristics that can help treat cancer, enhance the immune system, and improve vision.
For millennia, orchids have been utilised as a source of medicine to cure a variety of ailments. TB, paralysis, cholera, acidity, stomach issues, chest discomfort, syphilis, jaundice, eczema, arthritis, tumour, piles, and other illnesses and maladies Even today, the Chinese employ orchids for therapeutic reasons, most often in the form of medicinal tea. Many orchidaceous concoctions are also used as purgative, aphrodisiac, a bronchodilator, contraceptive, and cooling agents in scorpion sting and snakebite.
Orchid blooms are frequently used in cosmetics since it is said to prevent skin ageing. Furthermore, orchids are currently being utilised for hydrating, combating free radicals, improving skin immunity, and minimising the appearance of fine wrinkles, which is fueling the orchid industry even more.