Asia-Pacific Bonsai Market, By Species (Indoor Species, Outdoor Species, Deciduous Tree Species, Needle Tree Species, and Tree Species with Flowers), Structure (Landscape and Stumps), Application (Customized and Wholesale) Industry Trends and Forecast to 2030.
Asia-Pacific Bonsai Market Analysis and Insights
The rise in the adoption of growing bonsai by various hobbyists has a propositional impact on bonsai's growth and adoption.
Data Bridge Market Research analyses that the Asia-Pacific bonsai market will grow at a CAGR of 7.1% from 2023 to 2030.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2020-2016)
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Quantitative Units
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Revenue in USD Thousand, Volumes in Units, Pricing in USD
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Segments Covered
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By Species (Indoor Species, Outdoor Species, Deciduous Tree Species, Needle Tree Species, and Tree Species With Flowers), Structure (Landscape and Stumps), Application (Customized and Wholesale)
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Countries Covered
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China, Japan, South Korea, India, Australia, Thailand, Indonesia, Malaysia, Philippines, Singapore, and the Rest of Asia-Pacific.
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Market Players Covered
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MiniGardens Bonsai NZ Ltd., Dongyi Artificial Plants Co., Abana Homes, Kaizen Bonsai Ltd., Bonsai Sensation Nursery, Ganga Nursery and others
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Market Definition
Bonsai is the Japanese art of growing and training miniature trees in pots, developed from the traditional Chinese art of penjing. Unlike penjing, which utilizes traditional techniques to produce entirely natural scenery in small pots that mimic the exquisite shapes of real-life scenery, the Japanese "bonsai" only attempts to produce small trees that mimic the shape of real-life trees. The loanword "bonsai" has become an umbrella term in English, attached to many forms of miniature potted plants and, on occasion, to other living and non-living things. Bonsai is not intended for the production of food or medicine. Instead, bonsai practice focuses on long-term cultivation and shaping one or more small trees growing in a container. A bonsai is created beginning with a specimen of the source material. This may be a cutting, seedling, or small tree of a species suitable for bonsai development. Bonsai can be created from nearly any perennial woody-stemmed tree or shrub species that produces true branches and can be cultivated to remain small through pot confinement with crown and root pruning.
Asia-Pacific Bonsai Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
Drivers
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GROWTH IN THE INCLINATION OF THE BONSAI PLANT ASIA-PACIFIC
A bonsai plant has been around humanity for quite some time. Recently, bonsai plants have been adopted immensely Asia-Pacific as a hobby, especially in countries such as Japan and China, which are more inclined toward protecting nature. Bonsai plants are grown for various purposes such as indoor decoration, maintaining and balancing the ecosystem, and creating a healthier environment as it is safe. Moreover, it is one of the key elements of sustainable development, providing the backbone for economic growth.
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RISE IN THE ADOPTION OF GROWING BONSAI FOR VARIOUS HOBBYISTS
Bonsai has been popular since the mid-20th century. Bonsai trees are believed to have originated in china over a thousand years ago and were later introduced to japan. Bonsai trees are often seen as a symbol of patience and perseverance, as they require much time and care to grow and shape. The bonsai tree is a reminder that even the smallest things can have a great deal of beauty
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INCREASE IN THE DEMAND FOR MINIATURE BONSAI PLANTS
Over a decade, growing bonsai plants have played a significant role in decorating spaces. With a growing population across the globe and the majority of the population shifting towards urban areas for better opportunities and better living standards, it plays a vital role in increasing the sale of miniature bonsai trees and plants.
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INCREASE IN THE DEMAND FOR LANDSCAPE BONSAI TREES
Recently, companies and suppliers have been focusing on designing and building landscapes with the best bonsai species to maintain efficiency levels and reduce stress levels of human beings. A more efficient landscape bonsai plant requires less maintenance and eventually will have lower growing costs. The major disadvantage of landscape bonsai trees is that they raise concerns due to changing environmental issues such as climate change, rising room temperature, and depletion of soil layers.
Opportunity
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GROWTH IN THE PERSONAL DISPOSAL INCOME
The enhancement and up gradation of growing bonsai trees and various techniques provide an attractive opportunity for many hobbyists and plant growers as a source for their income as most of the growers across the globe are decades quite outdated, with the emergence of various bonsai species and their benefits for the environment and the large quantity of import and export of bonsai trees.
Restraints/Challenges
- GROWTH IN THE COMPLICATION DUE TO FUNGUS AND MOULDS
Bonsai plants require a lot of maintenance and fertilizers rich with minerals such as potassium, phosphorous, and nitrogen (NPK), due to which growing complications related to fungus and molds are high. Growers often use a different ratio of NPK for different trees and at different types of years. Nitrogen increases the growth of the leaves and stems or the growth above ground. Phosphorus contributes to healthy root growth and the growth of fruits and flowers. Potassium enhances overall plant health. Hence, the time being taken to prepare the fertilizers enriched with these ingredients takes longer. These elements require different types of fungus to decompose and become fertilizers, which leads to a restraining factor for the market growth
Recent Development
- In May 2004, BRUSSEL'S BONSAI announced the grand opening of its nursery in the olive branch. The expansion was for a 200, 00 sq. feet area for a climate-controlled greenhouse that provides growing conditions for various bonsai trees.
Asia-Pacific Bonsai Market Scope
Asia-Pacific bonsai market is segmented based on species, structure, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Species
- Outdoor Species
- Deciduous Tree Species
- Tree Species With Flowers
- Indoor Species
- Needle Tree Species
On the basis of species, Asia-Pacific bonsai market is segmented into indoor species, outdoor species, deciduous tree species, needle tree species, and tree species with flowers.
Structure
- Landscape
- Stumps
On the basis of structure, Asia-Pacific bonsai market is segmented into landscape and stumps.
Application
- Customized
- Wholesale
On the basis of application, Asia-Pacific bonsai market is segmented into customized and wholesale.
Asia-Pacific Bonsai Market Regional Analysis/Insights
Asia-Pacific bonsai market is analyzed, and market size insights and trends are provided by species, structure, and application.
The countries covered in the Asia-Pacific bonsai market report are China, Japan, South Korea, India, Australia, Thailand, Indonesia, Malaysia, Philippines, Singapore, and the rest of Asia-Pacific.
China dominates in the Asia-Pacific region due to the market due to the growing bonsai culture in the region.
The country section of the report also provides individual market-impacting factors and changes in regulations in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands and the impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Asia-Pacific Bonsai Market Share Analysis
Asia-Pacific bonsai market competitive landscape provides details of the competitor. Details include company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, solution launch, product width and breadth, and application dominance. The above data points are only related to the companies focusing on the Asia-Pacific bonsai market.
Some major Asian-Pacific bonsai market players are MiniGardens Bonsai NZ Ltd., Dongyi Artificial Plants Co., Abana Homes, Kaizen Bonsai Ltd., Bonsai Sensation Nursery, and Ganga Nursery, among others.
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