Bonsai trees can be a source of inspiration for creativity. The act of shaping and pruning a bonsai tree can help to stimulate the imagination. Additionally, the beauty of a bonsai tree can be a source of peace and tranquility, which can create an environment that is conducive to creativity. In addition to these health benefits, bonsai can also provide a sense of accomplishment and satisfaction. Caring for a bonsai tree over time can be a rewarding experience, as it allows the grower to see the tree grow and develop. This can be a source of pride and satisfaction, and it can help to improve self-esteem. The health benefits of bonsai are still being researched, but there is growing evidence to suggest that they can be beneficial for mental and physical health. As more people become aware of these benefits, the demand for bonsai is likely to continue to grow.
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Data Bridge Market Research analyses that the Bonsai Market will grow at a CAGR of 6.40% in the forecast period of 2023 to 2030 and is expected to reach USD 236,005.31 thousand by 2030 from USD 143,677.49 thousand in 2022. Bonsai have been shown to have a number of health benefits, such as reducing stress, improving concentration, and boosting creativity. This is leading to increased demand for bonsai among people who are looking for ways to improve their health and well-being. Bonsai are becoming more available in stores and online, making them easier to purchase. This is making bonsai more accessible to people who are interested in trying this hobby. Social media is playing a role in the growing popularity of bonsai. People are sharing photos and videos of their bonsai trees on social media, which is inspiring others to get involved in this hobby.
Growing interest in gardening indoor plants is expected to drive the market's growth rate
The global interest in gardening and indoor plants is growing, which is driving the demand for bonsai. Bonsai are a type of miniature tree that can be grown indoors or outdoors, making them a popular choice for people who live in urban areas. As people's disposable income increases, they are more likely to spend money on hobbies and interests, such as bonsai. Bonsai can be a relatively expensive hobby, but it is also a very rewarding one. Bonsai are aesthetically appealing trees that can be used to decorate homes and offices. They are also a symbol of peace and tranquility, which makes them appealing to people who are looking for a way to reduce stress and anxiety.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015- 2020)
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Quantitative Units
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Revenue in USD Thousand, Volumes in Units, Pricing in USD
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Segments Covered
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Species (Indoor Species, Outdoor Species, Deciduous Tree Species, Needle Tree Species, and Tree Species With Flowers), Structure (Landscape and Stumps), Application (Customized and Wholesale)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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The Bonsai Company (New Zealand), Bonsai Design Inc. (U.S.), Lodder Bonsai BV (Netherlands), BONSAI NEWTORK JAPAN (Japan), Bonsai New Zealand (New Zealand), The Greenhouse (U.S.), Nazmin Nursery (India), Jack Rost (Poland), Bonsaischule Wenddorf (Germany), Kaizen Bonsai Ltd. (U.K.), Shri Hare Krishna Nursery Farm (India), HIMALAYA AGRO FARMS (India), Ganga Nursery (India), Grow Green Bonsai (India)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
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Segment Analysis:
The global bonsai market is segmented into three notable segments, namely species, structure, and application.
- On the basis of species, the market is segmented into indoor, outdoor, deciduous tree species, needle tree species, and tree species with flowers. Outdoor species segment is expected to dominate the global bonsai market with a 32.31% market share due to the growing demand for bonsai plants as a hobby in large countries such as Japan.
- On the basis of structure, the market is segmented into landscape and stumps. Landscape is expected to dominate the global bonsai market with a 56.27% market share due to various types of small structures made with bonsai plants. This is expected to drive growth in the segment.
The landscape will dominate the structure segment of the global bonsai market
Landscape segment is expected to flourish its dominance by acquiring more than 56% of the market share. This is because of the growing demand for bonsai for landscape scenery.
- On the basis of application, the market is segmented into wholesale and customized. Customized segment is expected to dominate the global bonsai market with a 21.76% market share due to the high demand for these plants.
The customized segment will dominate the application segment of the global bonsai market
Customized segment is expected to flourish its dominance by acquiring more than 21% of the market share. This is because of the growth and expansion of the horticulture industry. Further, growing popularity of bonsai will yet again bolster the growth of the market.
Major Players
Data Bridge Market Research recognizes the following companies as the major market players: The Bonsai Company (New Zealand), Bonsai Design Inc. (U.S.), Lodder Bonsai BV (Netherlands), BONSAI NEWTORK JAPAN (Japan), Bonsai New Zealand (New Zealand), The Greenhouse (U.S.), Nazmin Nursery (India), Jack Rost (Poland), Bonsaischule Wenddorf (Germany), Kaizen Bonsai Ltd. (U.K.), Shri Hare Krishna Nursery Farm (India), HIMALAYA AGRO FARMS (India), Ganga Nursery (India), Grow Green Bonsai (India).
Market Development
- In 2022, the Bonsai Society of America announced the launch of its new online bonsai academy. The academy offers a variety of courses on bonsai care and cultivation, making it a valuable resource for bonsai enthusiasts of all levels. This is a significant development, as it makes it easier than ever for people to learn about bonsai and to start their own bonsai journey.
- In 2021, the Bonsai Garden in Singapore opened its new exhibition hall. The hall features a variety of bonsai trees from around the world, making it a must-visit destination for bonsai lovers. This is another important development, as it provides a space for people to learn about and appreciate bonsai trees from different cultures.
- In 2020, the Bonsai Museum in Tokyo opened its new permanent exhibition. The exhibition features a collection of over 1,000 bonsai trees, making it one of the largest bonsai museums in the world. This is a major coup for the bonsai community, as it provides a permanent home for some of the world's most beautiful bonsai trees.
Regional Analysis
Geographically, the countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in the bonsai market during the forecast period 2023-2030
Asia-Pacific is the dominating region in the global bonsai market. The interest in gardening and indoor plants is growing in Asia-Pacific, and this is also driving the demand for bonsai. This is due to a number of factors, including the increasing urbanization of the region, the growing affluence of the population, and the increasing awareness of the health benefits of gardening.
North America is estimated to be the fastest growing region in the bonsai market in the forecast period 2023-2030
North America is an estimated region for the global bonsai market. Bonsai are becoming more available in stores and online in North America, making them easier to purchase. This is making bonsai more accessible to people who are interested in trying this hobby.
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