About Indoor Plant
Plants are crucial for our survival. Plants provide food, fiber and pharmaceuticals. They also decorate our homes, both inside and out, and mark special occasions, such as weddings and funerals. For thousands of years, people around the globe have grown plants in containers and brought them into their living places. Plants and gardening are also considered as good for people, physically, mentally and socially. The indoor plant provides a range of benefits such as air quality improvement, stress lowering, and recovery from illness is faster, reduced mental fatigue and higher productivity.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 10.24% |
Competition among existing players is due to the Indoor Plant market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Indoor Plant Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that Indian Vendors will contribute the maximum growth to Global Indoor Plant market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Costa Farm LLC (United States), Ambius, Inc. (United States), Nursery Live (India), Shanti Nursery (India), Fern N Petals (India), Nurturing Green (India), Valley Interior Planting (United Kingdom), Premier Planters (United Kingdom), Totally Plants (United Kingdom) and ProFlowers (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are PLANTZ (United States), Floricoltura Zardi (Italy), Heritage India, Mera Maali and MyBageecha (India).
Segmentation Overview
AMA Research has segmented the market of Global Indoor Plant market by Type (Shade-Loving Plants, Low Light Plants, High Light Plants and Others), Application (Absorb Harmful Gases, Oxygen Releasing and Landscape Decoration) and Region.
On the basis of Type, Low Light Plants are dominating the market and held 36.42% of market share in the year 2023 where as Shade-Loving Plants stood as second largest market share and accounted for 38.84%.
On the basis of application, Household segment is dominating the market and held 58.4% of market share in the year 2023 where as Commercial segment stood as second largest market with a holding of 38.32%.On the basis of geography, the market of Indoor Plant 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). Asia Pacific region held largest market share in the year 2023. North America, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Indoor Plant market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Household will boost the Indoor Plant market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
New Indoor Planting Technologies Development
Market Growth Drivers:
Surging Demand for Fresh Indoor Air and Increasing Awareness about Indoor Air Purifications
Challenges:
Lack of Skilled Person
Restraints:
Lack of Awareness Regarding the Benefits of Indoor Plants
Opportunities:
Rising Concerns Regarding Health Issues
Market Leaders and their expansionary development strategies
In November 2020, PlantX Life Inc. announces that it has completed its acquisition of Bloomboxclub Limited that was previously announced. Bloombox Club UK is a privately-held e-commerce company based in the United Kingdom that sells and delivers indoor plants to its established wellness community via subscription service and online shop. The Acquisition helps PlantX execute on its international expansion strategy, as well as expand its e-commerce capabilities.
In 2018, The Plants of Steel collection from Costa Farms offers homeowners, apartment dwellers and office workers a selection of low-maintenance plants ideal for practically any indoor conditions.
Key Target Audience
Indoor Plant Providers, Suppliers of Indoor Plant, Wholesalers, Distributors and Retailers of Indoor Plant, Governmental Bodies and Research Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.