Artificial Flower Market Scope
Artificial flower are made of artificially from various materials and it is imitations of natural flowers. Artificial Flowers are indeed a replica of naturally available flowers. The art of making Artificial Flowers is so specialized that it usually takes more than just a glance to differentiate artificial flowers from natural flowers. Increasing demand for interior decoration in the developed economies has led to project the growth of the market in the forecast period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Nearly Natural (United States), Foshan Tongxin Artificial Flowers Co., Ltd (China), Dongguan Hengxiang Artificial Plants Co., Ltd (China), Dongguan Fusheng Arts Products Co., Ltd. (China), Jiangsu Goldmoon Industry Co., Ltd (Chian), China FuLi Silk Flower Factory (China), J. S. Flower Company Limited (Thailand), Sparkling International Jiangsu Co., Ltd (China), Ngar Tat Production Factory Ltd. (China) and Gold Eagle (United States) |
CAGR | % |
The artificial flower market is fragmented as the market has a number of companies that offer various products. The companies are exploring the market by expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.The Vendors having a strong hold in the market are Nearly Natural, Foshan Tongxin Artificial Flowers Co., Ltd , and Dongguan Hengxiang Artificial Plants Co., Ltd. Research Analyst at AMA estimates that Asian Vendors will contribute to the maximum growth of Global Artificial Flower market throughout the predicted period.
Nearly Natural (United States), Foshan Tongxin Artificial Flowers Co., Ltd (China), Dongguan Hengxiang Artificial Plants Co., Ltd (China), Dongguan Fusheng Arts Products Co., Ltd. (China), Jiangsu Goldmoon Industry Co., Ltd (Chian), China FuLi Silk Flower Factory (China), J. S. Flower Company Limited (Thailand), Sparkling International Jiangsu Co., Ltd (China), Ngar Tat Production Factory Ltd. (China) and Gold Eagle (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Artificial Flower market by Type , by Application (Residential/Home Use and Commercial Use) and Region with country level break-up.
On the basis of geography, the market of Artificial Flower has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In November 2023, Stems has announced partnership with Local Artisan Group to Create Unique Artificial Flowers this partnership will bring together Stems' expertise in artificial flower design and manufacturing with the artisan group's traditional craftsmanship and local cultural knowledge. The resulting collection will feature one-of-a-kind artificial flowers that are inspired by local traditions and motifs.
In October 2023, Nearly Natural had launched New Line of hyper realistic Orchids they are hard to distinguish from real flowers. The orchids are made with intricate details and delicate fragrances, making them perfect for adding a touch of elegance to any home or office.
Influencing Trend:
Increasing Business Event Depends on Artificial Flowers for Decorative Layout
Market Growth Drivers:
Increasing demand for lasting impersonation flowers at a lower cost is the key driver for the global artificial flower market. Artificial flowers made out of silk, plastic, or papers, which looks as fresh and beautiful as the originals would look. These flowers which would enhance the good look of your space.
Challenges:
Presence of Unorganized Players in Market
Restraints:
High Cost Associated with Artificial Flower affect Local Sales and Unavailability of Skilled Craftsmen for Traditional Artificial Flowers
Opportunities:
Increasing Interest for Artificial flowers to Beautify Homes and Business Spaces
Key Target Audience
Artificial Flower Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors and Other