Artificial Plants Market Research Future Insights
Artificial plants market size was valued at USD 0.7billion in 2022. The artificial plants industry is projected to grow from USD 0.73 Billion in 2023 to USD 0.93 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.15% during the forecast period (2023 – 2030).
The global artificial plants market has been experiencing steady growth over the years, driven by several factors such as increasing urbanization, changing consumer preferences, and the advantages offered by artificial plants over real plants in certain situations. Artificial plants find applications in various sectors, including residential, commercial, industrial, and institutional. They are widely used for interior decoration in homes, offices, hotels, restaurants, and other public spaces. Artificial plants are also popular in the retail sector, where they are used for visual merchandising and store displays.
Free Sample Copy – Access a complimentary copy of our report to explore its content and insights.
Market Segmentation
Global Artificial Plants market has been segmented into Product Type, Operating Platforms.
Type : Stem Flowers , Whole Plants & Trees , Wood & Branches , Grass
Material Type : Silk, Plastic , Rubber , Paper
End-Use : Commercial , Residential
Distribution Channel : Store-Based , Non-Store-Based
Key Players
The Green House (India), Treelocate Ltd. (UK), Sharetrade Artificial Plant and Tree Co., Ltd. (China), International Plantworks (US), Nearly Natural (US), and J. S. Flower Company Limited (Thailand)
Regional Analysis
The artificial plants market in North America is driven by the increasing demand for low-maintenance indoor and outdoor decor options. The United States and Canada are the major contributors to the market in this region. Growing urbanization, busy lifestyles, and the need for aesthetically appealing spaces contribute to the market’s growth. Key players in this region include Nearly Natural, Inc., National Tree Company, and Commercial Silk Int’l.
Europe has a significant market share in the artificial plants industry. The market is driven by the increasing adoption of artificial plants for commercial spaces like offices, hotels, and restaurants. The United Kingdom, Germany, France, and Italy are some of the prominent markets in this region. Consumers in Europe also prefer artificial plants for their durability and low maintenance. Key players in Europe include Verdissimo, NDI, and Geko Products.
The artificial plants market in Asia Pacific is experiencing substantial growth due to factors such as rapid urbanization and rising disposable income in countries like China, Japan, and India. Increasing consumer preference for artificial plants as a cost-effective and long-lasting alternative to real plants fuels the market growth. Additionally, the hospitality and tourism sectors in the region contribute to the demand for artificial plants for decoration purposes. Key players in this region include Sharetrade Artificial Plant and Tree Co., Ltd., Planters Artificial, and Dongguan Ronda Artificial Plants Company Limited.
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.