Global Indoor Plants Market, By Types (Shade-loving plants, Low light plants and High light plants), Application (Absorb Harmful Gases and Home Decoration), Product (Succulent Plants, Berbaceous Plants, Woody Plants and Hydroponic Plants) – Industry Trends and Forecast to 2029.
Indoor Plants Market Analysis and Size
Flowers and ornamental plants can add value to a smaller or larger space. These flowers and ornamental plants add beauty and lift the décor a few notches. Indoor plants come in various sizes, shapes, and colours and can be easily adapted to various climates, gardening needs, and landscapes.
Data Bridge Market Research analyses that indoor plants market was valued at USD 17.93 billion in 2021 and is expected to reach the value of USD 26.23 billion by 2029, at a CAGR of 4.87% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, technological advancements and patent analysis.
Indoor Plants Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Types (Shade-loving plants, Low light plants and High light plants), Application (Absorb Harmful Gases and Home Decoration), Product (Succulent Plants, Berbaceous Plants, Woody Plants and Hydroponic Plants)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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DÜMMEN ORANGE (U.S.), Syngenta (Switzerland), Beekenkamp Group (Netherlands), Hofland flowering plants (Netherlands), SAKATA (U.S.), DUTCH FLOWER GROUP (Netherlands), MARGINPAR BV (Netherlands) Walter Blom Plants BV (Netherlands) Selecta Klemm, Double H Nurseries Ltd, (Germany) ARCANGELI GIOVANNI (Italy) KP Holland (Netherlands) Ball Horticultural Company (U.S.)
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Opportunities
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Market Definition
It is clear from the name that indoor plants are plants that are grown indoors. Indoor plants can be grown in homes, offices, or any other indoor location. Growing indoor plants is thought to bring a lot of positivity as well as benefits. Indoor plants increase the oxygen level, purify the air in the home, remove pollutants, and reduce the rate of indoor air pollution.
Indoor Plants Market Dynamics
Drivers
- Increasing popularity of indoor plants as interior decoration
The indoor plants various colours, which include white, pink, and violet, make it popular for home decoration. The growing popularity of the indoor plants as a decorative element is expected to drive market growth.
- Health benefits associated with indoor gardening
Indoor plants are thought to reduce stress and to be therapeutic. People suffering from mental illnesses are often advised to begin indoor gardening as horticultural therapy to improve feelings of well-being in people suffering from depression, anxiety, dementia, and other conditions. It aids in relaxation, concentration, and connecting with nature and one another. The global indoor plants market is being driven by rising demand for indoor plants and flowers in the residential sector.
Opportunity
Plant breeding, including cross breeding and multi-breeding, has recently been widely used by many flower and plant production centres. The primary goal of plant breeding is to create plants that outperform existing ones in terms of economic value. Flowers have many beneficial components for the consumer that can be created, enhanced, or improved through flower breeding programmes that use various research and traditional techniques. Finally, the ultimate goal of breeding research programmes is to increase economic productivity yield. This increases demand for flowers and ornamental plants, creating opportunities in the global Indoor Plants market.
Restraints
On the other hand, not everyone is willing to pay attention to the health of indoor plants, which will pose a significant challenge to the market's long-term growth. The complexity of moulds and fungus caused by insufficient light will further slow the growth rate of the indoor plants market.
This indoor plants Market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the indoor plants market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact Indoor Plants Market
In the manufacturing sectors, COVID-19 had an effect in the years 2020–2021, causing workplace closures, supply chain disruptions, and transit limitations. The import and export of products relating to flowers and ornamental plants have been significantly impacted in recent years as a result of the lockout. The market for indoor plants will expand as a result of consumers' rising desire to add aesthetics to their environments.
Recent development
- Bright Farms were focused on expanding their production base and actively involved in the installation of new indoor farming systems. BrightFarms, for example, will open its latest indoor farm in Hendersonville, North Carolina, in 2021. Every year, the 6-acre greenhouse will produce 2 million pounds of lettuce. Similarly, Bright Farms expanded its construction division in 2019 by opening three new sustainable greenhouse farms in Massachusetts, New York, and North Carolina.
- Bowery Farming, a vertical farming startup based in New York City, announced a USD 300 million Series C round of funding in 2021. Bowery stated that the funds would be used to expand its network of smart indoor farms across the United States.
Global Indoor Plants Market Scope
Indoor plants market is segmented on the basis of type, application and product. The growth amongst these segments will help you analyse meagre 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.
Type
- Shade- loving plants
- Low light plants
- High light plants
Application
- Absorb Harmful Gases
- Home Decoration
Product
- Succulent Plants
- Berbaceous Plants
- Woody Plants
- Hydroponic Plants
Indoor Plants Market Regional Analysis/Insights
Indoor plants market is analysed and market size insights and trends are provided by country, type, application and product as referenced above.
The countries covered in the indoor plants market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
European region dominated market share and is expected to maintain its dominance throughout the forecast period. This region is the world's largest producer and exporter of indoor plants. The United States is expected to experience high demand in the North American region as consumer awareness grows. Meanwhile, in the Asia Pacific region, China and Japan are expected to be major consumers of this plant in the coming years.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Indoor Plants Market Share Analysis
Indoor plants market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to indoor plants market.
Some of the major players operating in indoor plants market are:
- DÜMMEN ORANGE (U.S.)
- Syngenta (Switzerland)
- Beekenkamp Group (Netherlands)
- Hofland flowering plants (Netherlands)
- SAKATA (U.S.)
- DUTCH FLOWER GROUP (Netherlands)
- MARGINPAR BV (Netherlands)
- Walter Blom Plants BV (Netherlands)
- Selecta Klemm, Double H Nurseries Ltd, (Germany)
- ARCANGELI GIOVANNI (Italy)
- KP Holland (Netherlands)
- Ball Horticultural Company (U.S.)
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