Global Artificial Plants Market is Expected to Foresee Significant Growth During the Forecast Period. North America to Witness the Highest Growth
- Himanshu Patni
- November 12, 2021
- CONSUMER GOODS, NEWS
- Artificial Plants Market, Artificial Plants Market growth, Artificial Plants Market share, Artificial Plants Market size, Artificial Plants Market trends
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Global Artificial Plants Market is expected to reach the market valuation of US$ XX million by 2027 expanding at a reasonable CAGR of XX% during the forecast period (2021-2027) from US$ XX million in 2020.
A surge in the end user’s disposable income is one of the leading factors that is contributing to the growing market of artificial plants, globally. Rising purchasing power in developing countries such as Australia, EU, Mexico, Brazil, India, Thailand, and China is projected to allow consumers to spend more on home décor including artificial plants and trees. As per OCED, the household spending in Canada, China, Denmark, European Union, France, and Germany reached to 1,021,459.5, 9,241,095.5, 139,229.8, 10,785,281.3, 1,561,879.9 and 2,288,541.1 US$ million, respectively. Also, the rising purchasing power is leading to the growing investment in the properties such as houses, villas, and other kinds of residents, which is contributing to the growing demand for artificial plants.
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The key factors attributed to the growing demand for artificial plants are benefits such as cost-effective, reduced maintenance, no seasonal changes, Less care, more durable, and more realistic appearance, and less cost to maintain. As per a study, 350% Increase in search for hanging plants on Pinterest in 2018. 200% Increase in hydrangea landscaping searches on Pinterest in 2018. 200% Increase in landscaping front yard on a budget Pinterest search in 2018 and 50% Increase in planting succulents on Pinterest in 2018
Moreover, As per the national gardening survey, Almost 8 in 10 U.S. households now garden. The number of younger households that garden also reached an all-time high. 29% of all gardening households are aged 18 to 34. The proportion of older gardeners is holding steady at 35% of all gardeners. Indoor gardening is also trending again. 30% of all households bought at least 1 houseplant
For a detailed analysis of the COVID-19 Impact on Artificial Plants browse through – https://univdatos.com/report/artificial-plants-market/
The COVID-19 pandemic adversely impacted most of the countries except a very few. As per Comscore, many consumers are utilizing time at home during the lockdown to take on new or old projects, as a remarkable surge in the number of visits to these websites and apps was witnessed. Compared to the week of Jan 13-19, 2020, visits to the home furnishings category have increased in all EU5 countries, with a 71% increase in France and a 57% increase in the UK, in the week of April 20 – 26, 2020.
Based on the Product Type, the market is fragmented into Stem Flowers, Whole Plants & Trees, Wood & Branches, Grass, and Others. The whole plants and trees grabbed the major market share in 2020. The segment captured XX% market in 2020. Moreover, the market of this segment is expected to skyrocket by 2027 by growing at an exponential CAGR during 2020-2021.
Based on the Material the market is fragmented into Silk, Plastic, Rubber, Paper, and Others (Polyester, Clay, Cotton, Nylon, Porcelain). The plastic segment grabbed the leading market share and dominated the market. The benefits of the plastic material such as being more durable, surging awareness about biodegradable plastics, etc. are acting as a growth catalyst to the industry.
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Additionally, the report provides detailed initiatives that are being taken in the field of Artificial Plants. The market is classified into distinct regions including North America (the U.S, Canada, Rest of North America), Europe (Germany, France, Spain, Italy, and United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and the Rest of APAC), Rest of World has been conducted. North America region dominated the market and grabbed major market share in 2020. However, the Asia-Pacific region is expected to witness the highest CAGR during the forecast period on account of rising disposable income and surging awareness about the healthy diet in the countries such as China, India, and Japan.
Global Artificial Plants Market Segmentation
Market Insight, by Product Type
- Stem Flowers
- Whole Plants & Trees
- Wood & Branches
Market Insight, by Material Type
- Others (Polyester, Clay, Cotton, Nylon, Porcelain)
Market Insight, by Distribution Channel
- Supermarkets & Hypermarkets
- Convenience Stores
- Specialty Stores
Market Insight, by End-Use
Market Insight, by Region
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- The GreenHouse
- Treelocate Ltd.
- Share trade Artificial Plant and Tree Co., Ltd.
- International Plantworks
- Nearly Natural
- J. S. Flower Company Limited
- Commercial Silk Int’l & Plantscape Inc
- China Silk Flower Factory
- International TreeScapes, LLC