Artificial plants market size is expected to rise due to their advantage of sustaining in any climatic conditions in residential and commercial settings. Some of the reasons for the growing product demand are plants’ durability and low maintenance costs.
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Segments-
With regards to product type, the market is divided into stem flowers, grass, wood & branches, whole plants & trees and others. Based on application, the industry is bifurcated into residential and commercial. With respect to distributional channel, the industry is categorized into offline and online. In terms of geography, the market is segregated into the Middle East & Africa, Europe, South America, North America, and the Asia Pacific.
Report Coverage-
Secondary and primary sources are used to get a detailed overview of the study in a prominent way. The report's context also considers the qualitative and quantitative approaches to achieve a detailed analysis. Meetings with the upper management, such as the board of directors and employees, have contributed to thoroughly recognizing the industry in the best possible way. For secondary resources, various press releases and journals are used to fetch the details of the industry. The report also includes a COVID-19 analysis to boost the market coverage.
A List of Prominent Companies in the Market:
ShareTrade Artificial Plant and Trees Co. Ltd., (China)
China Sil Flower factory (China)
International Plantworks (U.S.)
GreenTurf (U.S.)
Nearly Natural (U.S.)
International TreeScapes LLC (U.S.)
Treelocate Ltd., (U.K.)
J.S. Flower Company Ltd (Thailand)
Drivers and Restraints:
Trend for Artificial Plants Bolstered Product Demand
The inability to devote sufficient time to the care of actual plants has driven up the demand for artificial products. Also, it is possible to maintain a high level of cleanliness as artificial plants do not need to be watered and do not require soil. Furthermore, artificial plants are a great alternative for people susceptible to various allergies. Meanwhile, artificial plants cannot produce oxygen in the air and reduce volatile organic compounds, hampering the artificial plants market growth.
Regional Insights
Growing Consumer Demand for Artificial Plants Nurtures Growth in North America
North America is expected to witness a significant rise in the artificial plants market share due to the growing focus on adopting artificial plants in amusement parks and commercial spots. Another reason for the growing demand is its easy manufacturing using user-friendly materials, which gives flexibility to various distributional channels to boost their sales.
The Asia Pacific is estimated to witness a substantial increase due to the rising number of major players in the market. Furthermore, strong demand for stem flowers and whole plants and trees across India, China and Japan will encourage leading companies to invest in the region.
Competitive Landscape
Stakeholders Invest in Product Portfolio Expansion to Penetrate Market
Leading companies such as Vistafolia joined hands with the University of Survey to get a competitive edge in the marketplace. Major industry players and joint ventures should invest in product launches, partnerships and mergers & acquisitions to get an additional lead. Developments in the business include:
August 2021: Vistafolia collaborated with the University of Survey to launch a new base polymer for artificial plants to enhance the product’s recyclable quality by using green sources.
October 2019: Houseplant delivery company Sill Inc., launched a faux plant, including the faux flowers and Pilea plant to establish its footprints in the marketplace.
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