Global Self-Watering Plant Pot Market Outlook
The growing adoption of gardening in residential places especially in urban cities has increased the demand for self-watering plant pot market. Self-watering plant pot helps to lower the carbon emissions as the wastage of water is being reduced by self-watering plant pot utilization.
Further, the self-watering plant pots play a vital role in the healthy growth of plants due to a water reservoir and wicking system which keep the soil in contact with water and maintain a consistent level of moisture in the soil.
Moreover, with the rising significance of recycling plastic materials due to increasing concerns over carbon footprints in manufacturing industries the government in every country is taking steps to maintain parks to create a visual appeal and also help to create aesthetic beauty.
Thus, the execution of various guidelines by the governments towards carbon emissions by giving implementation to people to plant more and more flowers and trees would increase the demand for self-watering plant pot in the forecast period.
Global Self-Watering Plant Pot Market: Market Dynamics
Drivers for Self-Watering Plant Pot Market
Nowadays millennials are more gardening enthusiasts and have been creating and putting little plant pots in their balconies and other places. The growing enthusiasm for planting veggies, flowers, and spices in different sized pots among millennials is a key factor driving the self-watering plant pot market.
Further, the growing demand for public parks and gardens which help to improve the infrastructure of various urban and semi-urban cities at the global level would drive the self-watering plant pot market in the foreseeable future.
Trends for Self-Watering Plant Pot Market
In order to expand their global footprints and market size in the coming foreseeable future, the manufacturers of self-watering plant pot have increased investment in manufacturing new product development for the users.
Moreover, the top players in the self-watering plant pot market are using a multi-channel approach in their separate plans of action, i.e. incorporating both online and offline presence which would help to expand their customer base and increase sales of self-watering plant pots.
Opportunities for Self-Watering Plant Pot Market
The rise in the population growth rate in various countries and the increase in the home construction industry in many developing nations would create lucrative opportunities for the manufacturers in the self-watering plant pot market.
Further, the manufacturers are focusing more on middle-income class peoples and are expected to establish strategic business units in developing countries like China, India, Brazil, and many others which would help to increase the sales volume of self-watering plant pots in the near future.
Challenges for Self-Watering Plant Pot Market
Users face many problems while the utilization of self-watering plant pot such as toxic minerals build-up, fungi, poor root growth, and many other factors that may cause poor growth of the plant. This in turn results in a negative impact on the self-watering plant pot market.
Further, the rise in the coronavirus case across the globe and the lockdown situation had brought down various challenges for almost all the sectors. Due to pandemic situation and the guidelines implemented by various governments in various countries to close all manufacturing units, schools, malls, offices, and other public places which in turn, decrease the sales of the self-watering plant pots in the global market.
Global Self-Watering Plant Pot Market: Market Segmentation
On the basis of material type, the global self-watering plant pot market has been segmented as-
On the basis of planter size, the global self-watering plant pot market has been segmented as-
On the basis of the application, the global self-watering plant pot market has been segmented as-
On the basis of sales channel, the global self-watering plant pot market has been segmented as-
Global Self-Watering Plant Pot Market: Key Players
Some of the key players operating in the global self-watering plant pot market are Novelty Manufacturing Co., East Jordan plastic Inc., Crescent Garden, Cole & Mason, Gardener’s Supply Company, Glowpear, Santino, Hosco India, Peropon, Lechuza, GardenBasix, Aquaphoric, HBServices USA, Vencer, Tabor Tools, and many others.
Self-Watering Plant Pot Market: Regional Outlook
The self-watering plant pot market is classified into seven key areas: North America, South Asia, Europe, East Asia, Latin America, Oceania, and the Middle East & Africa. Europe is expected to dominate the global self-watering plant pot market, due to the rise in the millennial population and interest for gardening among them.
Asia-Pacific countries like India and China are also anticipated to grow at a rapid pace in the global self-watering plant pot market as there has been an increase in the growth of the residential construction Industry. Further, people in developing nations are depending for public parks and gardens, which would increase the demand for self-watering plant pot market in the forecast period.