Artificial Plant and Flower Market: Global Industry Analysis and Forecast (2024-2030)

09 Mar.,2024

 

Artificial Plant and Flower Market size was valued at USD 1982.89 Million in 2023 and the total Artificial Plant and Flower revenue is expected to grow at a CAGR of 4.72% from 2024 to 2030, reaching nearly USD 2738.46 Million by 2030.

Artificial Plant and Flower Market Overview

Artificial plants also called faux plants are made of different types of materials such as paper, clay, plastic, polyester, and silk; help to add beauty into space and aesthetic appearance for longer durations without any maintenance.

Thesize was valued at USD 1982.89 Million in 2023 and the total Artificial Plant and Flower revenue is expected to grow at a CAGR of 4.72% from 2024 to 2030, reaching nearly USD 2738.46 Million by 2030.Artificial plants also called faux plants are made of different types of materials such as paper, clay, plastic, polyester, and silk; help to add beauty into space and aesthetic appearance for longer durations without any maintenance.

• According to MMR analysis, UK households spend about USD 8.74 Billion on gardening goods, and USD 2.80 Billion on gardeners.

The market is driven by the rising demand for low-maintenance and long-lasting home décor items, especially in commercial spaces and households. The growing advancement in technology has led to the production of highly realistic and visually appealing artificial flowers, further driving the market growth. The market is growing in popularity of online shopping, with e-retail emerging as the distribution channel. The shift towards online retail is expected to significantly impact the market, providing consumers with convenient access to a wide range of artificial plant and flower products. The market is characterized by the introduction of eco-friendly artificial plants and flowers, reflecting the industry's commitment to sustainability and innovation. The availability of a wide variety of artificial flowers in different shapes, sizes, and colors, catering to diverse customer preferences, has contributed to market progress. Additionally, the growing trend of gifting artificial flowers for various occasions and events has also significantly contributed to the growing market demand. The artificial plants and flowers market is witnessing substantial growth, with key players making significant investments to further drive the market's development and meet consumer needs. Europe holding a share of about 20% is the second largest market in Artificial Plants and Flowers. The crucial factor of the market growth is the high import value of artificial flowers in countries like Switzerland, the UK, and Spain. Artificial alternatives are becoming more popular among European customers thanks to their low care requirements and year-round beauty. The seasonal nature of real flowers frequently encourages the usage of synthetic alternatives, guaranteeing uniform beauty throughout the year. The integration of smart features like sensors and lighting in artificial plants is gaining traction, catering to consumers seeking innovative and functional solutions. Additionally, the environmentally conscious European population drives the demand for products made from recycled materials or boosting eco-friendly production processes.To know about the Research Methodology :- Request Free Sample Report

Artificial Plant and Flower Market dynamics

Increasing popularity of online shopping is propelling the market The artificial plant and flower market is notably witnessing market growth, with e-retail emerging as the fastest-growing distribution channel in the artificial plants and flowers market. The convenience and cost-effectiveness of online shopping have propelled its popularity, offering consumers a time-saving and efficient platform to purchase a wide range of artificial plants and flowers. The online platforms offer competitive pricing, discounts and promotions, and fast, reliable delivery, making artificial greenery even more affordable and accessible. The growing number of websites providing the products has further expanded the market's reach, catering to the rising demand from both commercial and residential end-users. Compared to physical stores, online retailers have reduced overhead expenses, which enables them to provide more competitive prices and reinvest in marketing and product development. Additionally, the shift towards online retail is reshaping consumer behaviour and driving the market towards a positive growth trajectory.

The market is driven by the rising demand for low-maintenance and long-lasting home décor items, especially in commercial spaces and households. The growing advancement in technology has led to the production of highly realistic and visually appealing artificial flowers, further driving the market growth. The market is growing in popularity of online shopping, with e-retail emerging as the distribution channel. The shift towards online retail is expected to significantly impact the market, providing consumers with convenient access to a wide range of artificial plant and flower products. The market is characterized by the introduction of eco-friendly artificial plants and flowers, reflecting the industry's commitment to sustainability and innovation. The availability of a wide variety of artificial flowers in different shapes, sizes, and colors, catering to diverse customer preferences, has contributed to market progress. Additionally, the growing trend of gifting artificial flowers for various occasions and events has also significantly contributed to the growing market demand. The artificial plants and flowers market is witnessing substantial growth, with key players making significant investments to further drive the market's development and meet consumer needs. Europe holding a share of about 20% is the second largest market in Artificial Plants and Flowers. The crucial factor of the market growth is the high import value of artificial flowers in countries like Switzerland, the UK, and Spain. Artificial alternatives are becoming more popular among European customers thanks to their low care requirements and year-round beauty. The seasonal nature of real flowers frequently encourages the usage of synthetic alternatives, guaranteeing uniform beauty throughout the year. The integration of smart features like sensors and lighting in artificial plants is gaining traction, catering to consumers seeking innovative and functional solutions. Additionally, the environmentally conscious European population drives the demand for products made from recycled materials or boosting eco-friendly production processes. The artificial plant and flower market is notably witnessing market growth, with e-retail emerging as the fastest-growing distribution channel in the artificial plants and flowers market. The convenience and cost-effectiveness of online shopping have propelled its popularity, offering consumers a time-saving and efficient platform to purchase a wide range of artificial plants and flowers. The online platforms offer competitive pricing, discounts and promotions, and fast, reliable delivery, making artificial greenery even more affordable and accessible. The growing number of websites providing the products has further expanded the market's reach, catering to the rising demand from both commercial and residential end-users. Compared to physical stores, online retailers have reduced overhead expenses, which enables them to provide more competitive prices and reinvest in marketing and product development. Additionally, the shift towards online retail is reshaping consumer behaviour and driving the market towards a positive growth trajectory.

• MMR analysis, 48.1% of customers engaged in buying flowers online with a frequency of 3-5 times a year while 6.5% of customers engaged more than 10 times a year.

Sustainable Appeal of Artificial Flower Jewellery in the Eco-conscious World The artificial flower jewellery trend draws inspiration from the vibrant world of real flowers, offering a sustainable and long-lasting alternative for beautification. The key driver of the trend is the growing demand for unique and eco-conscious accessories, changing consumer preferences, and the increasing demand for innovative and versatile applications of artificial flowers. The use of artificial flower jewellery has gained popularity in various events, including weddings, festivals, and fashion shows, contributing to the expansion of the artificial plant and flower market. The rise of e-commerce has facilitated the accessibility of artificial flower jewellery, enabling consumers to explore a wide range of product options conveniently. Additionally, the market offers a unique blend of sustainability, artistry, and self-expression, capturing the hearts and imaginations of fashion-conscious individuals as the trend continues to blossom contributing to the growth of the market.

Artificial Plant and Flower Market Segment Analysis

Based on product type, the Polyester Segment holds the largest market share of about 52% in the global Artificial Plant and Flower Market in 2023. According to MMR analysis, the segment is further expected to grow at a CAGR of 4.72% during the forecast period and stands out as the dominant segment within the Artificial Plant and Flower Market driving demand for branded Artificial Plants and Flowers. The leading key players in polyester manufacturing like Reliance Industries (14%), Indorama Ventures (11%), and Far Eastern New Century Corporation (FENC) (7%) have made raw materials easily available to enhance cost efficiencies. The high degree of versatility and durability offered by polyester makes it an ideal choice to manufacture realistic and long-lasting artificial flowers. Manufacturing artificial flowers from polyester fabric is cheaper than materials such as silk, which has increased in popularity and demand. Additionally, polyester can be easily moulded and dyed into various shapes and colours, enabling a wide range of design possibilities for realistic and creative artificial plants and flowers further driving the market.

The artificial flower jewellery trend draws inspiration from the vibrant world of real flowers, offering a sustainable and long-lasting alternative for beautification. The key driver of the trend is the growing demand for unique and eco-conscious accessories, changing consumer preferences, and the increasing demand for innovative and versatile applications of artificial flowers. The use of artificial flower jewellery has gained popularity in various events, including weddings, festivals, and fashion shows, contributing to the expansion of the artificial plant and flower market. The rise of e-commerce has facilitated the accessibility of artificial flower jewellery, enabling consumers to explore a wide range of product options conveniently. Additionally, the market offers a unique blend of sustainability, artistry, and self-expression, capturing the hearts and imaginations of fashion-conscious individuals as the trend continues to blossom contributing to the growth of the market., the Polyester Segment holds the largest market share of about 52% in the global Artificial Plant and Flower Market in 2023. According to MMR analysis, the segment is further expected to grow at a CAGR of 4.72% during the forecast period and stands out as the dominant segment within the Artificial Plant and Flower Market driving demand for branded Artificial Plants and Flowers. The leading key players in polyester manufacturing likehave made raw materials easily available to enhance cost efficiencies. The high degree of versatility and durability offered by polyester makes it an ideal choice to manufacture realistic and long-lasting artificial flowers. Manufacturing artificial flowers from polyester fabric is cheaper than materials such as silk, which has increased in popularity and demand. Additionally, polyester can be easily moulded and dyed into various shapes and colours, enabling a wide range of design possibilities for realistic and creative artificial plants and flowers further driving the market.

• In 2022, the market of purified terephthalic acid (PTA) was valued at approximately 54.66 billion U.S. dollars globally.

Artificial Plant and Flower Market Regional Insights

Asia Pacific Region dominated the Global Artificial Plant and Flower Market with the highest share of over 60% in 2023. The region is expected to grow at a CAGR of 4.72% and maintain its dominance during the forecast period. The lower production costs and established supply chains make China a major manufacturing hub for artificial plants and flowers with a market share of about 70% in the region. The well-established infrastructure, skilled labor, and lower production costs make the region competitive in the market. The APAC region boasts a large and growing domestic market for artificial plants and flowers fuelled by an increase in urbanization, a rise in disposable incomes, and changing consumer preferences. The government has implemented several policies to support the artificial plant industry including tax breaks and subsidies for export-oriented businesses. Additionally, the region caters to both domestic and international trade and continues to maintain its dominance globally. Additionally, the plastic segment held a market share of about 30% in 2023 and is expected to grow at a significant CAGR during the forecast period. The low production cost of plastic translates to affordable products, making them accessible to a wider range of consumers and fuels market growth and penetration. Plastic offers resistance against weather elements like sunlight, water, and fading, and translates to lower replacement costs and increased value for consumers. Additionally, the flexibility of plastic allows for diverse molding and dyeing, enabling a wide range of shapes, colors, and textures empowering manufacturers to produce realistic floral replicas and cater to various aesthetic preferences.Region dominated the Global Artificial Plant and Flower Market with the highest share of over 60% in 2023. The region is expected to grow at a CAGR of 4.72% and maintain its dominance during the forecast period. The lower production costs and established supply chains make China a major manufacturing hub for artificial plants and flowers with a market share of about 70% in the region. The well-established infrastructure, skilled labor, and lower production costs make the region competitive in the market. The APAC region boasts a large and growing domestic market for artificial plants and flowers fuelled by an increase in urbanization, a rise in disposable incomes, and changing consumer preferences. The government has implemented several policies to support the artificial plant industry including tax breaks and subsidies for export-oriented businesses. Additionally, the region caters to both domestic and international trade and continues to maintain its dominance globally.

• According to MMR analysis, 36% of consumers in China spend about 50-100 yuan per order while 1.1% spend more than 500 yuan per purchase when purchasing artificial flowers through online platforms.

Artificial Plant and Flower Market Competitive Landscapes

The artificial plant and flower market is influenced by factors such as the rising awareness among consumers about the environment and the growing demand for low-maintenance and long-lasting home décor items. The market is characterized by the presence of key players such as The Green House (India), J. S. Flower Company Limited (Thailand), TreeLocate (Europe), Diane James Designs, Inc., and Nearly Natural. Prominent market players are spending a lot of money on R&D to enhance products, taking various strategic initiatives including new product launches, contractual agreements, increased investments, mergers and acquisitions, and collaboration with other firms.

The artificial plant and flower market is influenced by factors such as the rising awareness among consumers about the environment and the growing demand for low-maintenance and long-lasting home décor items. The market is characterized by the presence of key players such as The Green House (India), J. S. Flower Company Limited (Thailand), TreeLocate (Europe), Diane James Designs, Inc., and Nearly Natural. Prominent market players are spending a lot of money on R&D to enhance products, taking various strategic initiatives including new product launches, contractual agreements, increased investments, mergers and acquisitions, and collaboration with other firms.

1. In 2023, Daliform Group, a UK-based manufacturer of artificial plants and flowers, acquired rival The Fibreworks Group, expanding its product portfolio and customer base in the UK and Europe.

2. In 2023, BloomNation, an online floral marketplace, acquired FlowerLocal, a platform connecting customers with local florists, potentially opening doors for artificial flower integration in the future.

Artificial Plant and Flower Market Scope: Inquiry Before Buying

Artificial Plant and Flower Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 1982.89 Mn. Forecast Period 2024 to 2030 CAGR: 4.72% Market Size in 2030: US $ 2738.46 Mn. Segments Covered: by Material Plastic Polyester Clay Cotton Nylon Silk by Product Type Stem Flowers Whole Plants & Trees Wood & Branches Grass by Price Point Premium Medium Economy by Application Residential Commercial by Distribution Channel Online Offline

Artificial Plant and Flower Market by Region

North America (United States, Canada, and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, and the Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan, and the Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria, and the Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Artificial Plant and Flower Market Key Players

1. International Plantworks 2.

FAQs:

1. What are the growth drivers for the Artificial Plant and Flower market? Ans. Rising demand for aesthetics and convenience, and technological advancements are the drivers of the Global Artificial Plant and Flower Market. 2. What are the major restraints for the Artificial Plant and Flower Market growth? Ans. Environmental Concerns and high initial costs are the major challenges for the Artificial Plant and Flower Market. 3. Which region is expected to lead the global Artificial Plant and Flower Market during the forecast period? Ans. Europe is expected to lead the global market during the forecast period. 4. What is the projected market size & and growth rate of the Artificial Plant and Flower Market? Ans. The Artificial Plant and Flower Market size was valued at USD 1982.89 Million in 2023 and the total Artificial Plant and Flower revenue is expected to grow at a CAGR of 4.72% from 2024 to 2030, reaching nearly USD 2738.46 Million by 2030. 5. What segments are covered in the Artificial Plant and Flower Market report? Ans. The segments covered in the market report are material, product type, price point, application, distribution channel, and region.

(United States, Canada, and Mexico)(UK, France, Germany, Italy, Spain, Sweden, Austria, and the Rest of Europe)(China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan, and the Rest of APAC)(South Africa, GCC, Egypt, Nigeria, and the Rest of ME&A)(Brazil, Argentina Rest of South America)1. International Plantworks 2. Sharetrade Artificial Plant 3. Nearly Natural (United States) 4. The Green House (India) 5. J. S. Flower Company Limited (Thailand) 6. TreeLocate (Europe) 7. Diane James Designs, Inc 8. Shanghai Sunwin Industry Co., Ltd. (China) 9. JIANGMEN ARTS & CRAFTS FACTORY (China) 10. Meiflower International Co., Ltd (China) 11. Zhejiang Hengjia Arts & Crafts Co., Ltd. (China) 12. Yangzhou Deco Crafts Co., Ltd. (China) A 13. Shanghai Suntex Industrial Co., Ltd. (China) 14. Changshu Jinshan Artificial Flower Factory (China) 15. Rosebud International (USA) Inc. (United States) 16. Silka (USA) (United States) 17. Afloral (United States) 18. Eastern Imports (United States) 19. United Shades (United States) 20. Seasonal Creations (United States) 21. Dollar Tree (United States) 22. Michaels (United States 23. Joann Fabrics (United States) 24. Hobby Lobby (United States) 25. Party City (United States) 26. Target (United States) 27. Green Turf (Singapore). Rising demand for aesthetics and convenience, and technological advancements are the drivers of the Global Artificial Plant and Flower Market.Environmental Concerns and high initial costs are the major challenges for the Artificial Plant and Flower Market.Europe is expected to lead the global market during the forecast period.The Artificial Plant and Flower Market size was valued at USD 1982.89 Million in 2023 and the total Artificial Plant and Flower revenue is expected to grow at a CAGR of 4.72% from 2024 to 2030, reaching nearly USD 2738.46 Million by 2030.The segments covered in the market report are material, product type, price point, application, distribution channel, and region.

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