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Artificial plants and flowers Market Segmented By Plastic, Polyester, Clay, Cotton, Glass, Nylon, Porcelain, Silk having Commercial and Residential application
In today’s age it’s difficult for people to invest time into taking care of plants hence people prefer to buy artificial plants and flowers. The CAGR for artificial plants and flowers marker indicates growth of the market and a stable increase in demand for the next years during the forecast period.
These plants can survive for long time irrespective of the weather condition making it a more viable purchase for the consumers. It does not require watering and no soil requirement hence cleanliness is maintained. The artificial plants are a cheap alternative to natural plants in the long run and can look almost or even identical to real plants although the prices go higher with the different techniques used to make the artificial plants replicate the natural ones.
Drivers for Artificial plants and flowers Market
The driver for these markets are especially in the commercial sector as an indoor decoration with next no maintenance only dusting once in a while is required and it’s good to go. This in turn drives the market for artificial plants in the commercial sector. Millennials finding ways for convenience has also boosted demands for artificial plants.
Replication of rare beautiful plants which are rather hard to find or maintain in different weather conditions also is an important driving point for sales. In many parts of the world people are susceptible to various allergies from different plants and so artificial plants can be a great alternative for them as well.
Catering to the needs of consumers gifting artificial plants and flowers which are durable and long lasting as an alternative to decomposable natural flowers and plants during festive seasons is a drive
Trends for Artificial plants and flowers Market
Companies are focused on creating rare beautiful indoor kept plants for commercial offices and hospitality centers as well as households. The quality of the product in terms of its beauty and identical nature of the artificial plants to that of natural plants is what is the main focus of the companies. Competitive prices for variety of plants is the current trend and also supplying the plants with beautiful pots and stones to keep it in.
Opportunities for Artificial plants and flowers Market
The increasing demand for the artificial plants or imitation of beautiful rare flowers is resulting in the growth of this industry. Changing weather conditions have created big problems to the consumers to grow natural plants also the deteriorating fertility of the soil and maintenance of the soil makes consumers opt for the artificial plants and flowers. Even during festivals and occasions where a lot of natural flowers get wasted can be reduced by the use of recyclable artificial flowers. Tapping into these consumer base is a great opportunity for the players in the artificial plants and flowers sector.
Challenges for Artificial plants and flowers Market
The challenges the companies face are the difficulty for users to switch to artificial plants as it does not have the advantages that natural plants offer like purification of the air and oxygen emission during the day. Also the materials used and the process of making the artificial plants causes reluctance in the consumers to buy the products.
During the current situation of the Covid-19 pandemic there has been a decrease in consumer spending in non-essential items due to the decrease in the purchasing power among the people and economic crisis in various parts of the world.
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Some of the key players operating in the artificial plants and flowers business are Treelocate Ltd, Jiangsu Goldmoon Industry Co., Ltd., The Green House, J. S. Flower Company Limited, Sharetrade Artificial Plant and Tree Co, International Plantworks, Nearly Natural, Commercial Silk Int'l & Plantscape Inc., China Silk Flower Factory, GreenTurf ,Dongguan Hengxiang Artificial Plants Co, International TreeScapes, LLC, Vert Escape and others. These players are expected to positively influence the market during the forecast period.
The biggest artificial plants and flowers market in the world are the countries in the regions of North America and Europe, where artificial plants are used in various occasions and festivals. Europe is a big natural plants exporter in the world especially Netherland and Germany but they too have a big market for artificial plants as they import them.
Regions with developing countries also have an increasing demand for the artificial plants and hence growth can be seen in the regions of South East Asia, Middle East, Africa and Latin America.