Succulent Plants Market Scope
Succulent plants or succulents are drought resistant plants in which the leaves, stem, or roots have become more than usually fleshy by the development of water-storing tissue. Indoor succulents are widely used for decoration across the globe as they can adopt lower levels of lights and are easy to maintain. Succulents are known for their low maintenance and long lifespans, which makes them great for people who work all day, are on the go, or just aren’t great at taking care of plants.
The Succulent Plants market study is segmented by Type (Indoor and Outdoor), by Application (Decoration, Air Purification and Others) and major geographies with country level break-up.
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Succulent Plants market throughout the predicted period.
Altman Plants (United States), ProFlowers (United States), AdeniumRose Company (United States), Yiwu Lishi Imp. & Exp. Co. Ltd. (China), The Bouqs Co. (United States), Costa Farms (United States), FTD.com Inc. (United States), From You Flowers, LLC (United States) and Nazmin Nursery (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 total available market.
Segmentation Overview
AMA Research has segmented the market of Global Succulent Plants market by Type, Application and Region.
On the basis of geography, the market of Succulent Plants 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).
Market Trend
- Growing Popularity of Succulent Plants in Wedding Functions as Centerpieces and Favors for Guests
Market Drivers
- Increasing Demand for Artificial Trees for Home and Office Decoration and Air Purification
- Increased Use of Succulent Plants for Gift to Close Friends, Family Members, Co-workers, Etc.
Opportunities
- High Adoption of Indoor Succulent Plants for Decoration in Hospitality and Corporate Offices
Challenges
- The Plant Containers Don’t Have a Drainage Hole, Which Can Drown the Plants’ Roots
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Succulent Plants Manufacturers & Providers, Suppliers and Distributors of Succulent Plants, Botanical Industry, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and Others