Global Indoor Plants Market, By Type (Shade-Loving Plants, Low Light Plants and High Light Plants), Application (Absorb Harmful Gases and Home Decoration), Product (Succulent Plants, Berbaceous Plants, Woody Plants and Hydroponic Plants) – Industry Trends and Forecast to 2031.
Indoor Plants Market Analysis and Size
The indoor plants market has surged with the latest technological advancements, fostering remarkable growth. Cutting-edge innovations such as smart planters with automated watering systems and LED grow lights optimized for plant health have revolutionized indoor gardening. This trend is driven by a growing awareness of the benefits of indoor greenery, such as improved air quality and stress reduction, fueling the market's expansion.
The global indoor plants market size was valued at USD 19.72 billion in 2023, is projected to reach USD 28.84 billion by 2031, with a CAGR of 4.87% during the forecast period 2024 to 2031. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
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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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016- 2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Shade-Loving Plants, Low Light Plants and High Light Plants), Application (Absorb Harmful Gases and Home Decoration), Product (Succulent Plants, Berbaceous Plants, Woody Plants and Hydroponic Plants)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Dümmen Orange (U.S.), Syngenta Crop Protection AG (Switzerland), Beekenkamp Group (Netherlands), Hofland Flowering Plants (Netherlands), SAKATA SEED AMERICA (U.S.), Dutch Flower Group B.V. (Netherlands), Marginpar BV (Netherlands), Walter Blom Plants BV (Netherlands), Selecta Klemm. (Germany), Double H Nurseries Ltd (U.K.), Arcangeli Giovanni e Figlio S.A.S. (Italy), KP Holland Centraal B.V. (Netherlands), and Ball Horticultural Company. (U.S.)
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Market Opportunities
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Market Definition
Indoor plants are botanical wonders that thrive within the confines of our homes. They bring nature's beauty indoors, purifying the air and enhancing our surroundings with vibrant foliage and blooms. From low-maintenance succulents to elegant peace lilies, indoor plants offer a myriad of options to suit any space and style, fostering a sense of tranquility and well-being in our indoor environments.
Indoor Plants Market Dynamics
Drivers
- Health Benefits Associated with Indoor Gardening
The global indoor plants market is propelled by the increasing recognition of indoor gardening's health benefits. With indoor plants touted for reducing stress and enhancing well-being, they're recommended in horticultural therapy for mental health conditions such as depression and anxiety. This growing awareness fuels demand, particularly in residential sectors, where individuals seek relaxation and a connection with nature. As a result, the market experiences a significant upsurge in demand for indoor plants and flowers.
- Increasing Popularity of Indoor Plants as Interior Decoration
The surge in demand for indoor plants as interior decoration is propelling market growth. With a spectrum of colors such as white, pink, and violet, indoor plants are becoming focal points in home decor. They're no longer just air purifiers; they're aesthetic enhancers. From succulents to lush foliage, they infuse living spaces with texture and vibrancy. This trend reflects a broader shift in interior design towards creating green havens indoors, driving the market forward.
Opportunities
- Influence of Social Media
The surge in interest for indoor plants among millennials and Gen Z, propelled by social media influencers and platforms, creates a lucrative opportunity for the market. With influencers showcasing plant care tips, DIY plant projects, and aesthetic plant setups, there's a growing demand for unique plant varieties and accessories. For instance, Instagram influencers often partner with plant brands, driving sales and inspiring a new generation of plant enthusiasts, fostering a flourishing market ecosystem.
- Growing Work from Home Culture
The surge in remote work culture has sparked a notable opportunity in the indoor plants market. As individuals spend extended hours indoors, they seek to cultivate inviting home office spaces conducive to productivity and well-being. This trend has led to heightened demand for indoor plants, with businesses capitalizing by offering tailored plant collections suited for home workspaces. For instance, companies providing curated sets of desk-friendly plants have seen a substantial uptick in sales.
Restraints/Challenges
- High Cost of Indoor Gardening
The indoor plants market faces limitations due to its high costs, including those associated with high-quality plants, decorative indoor plant pots, and related accessories. These expenses make indoor gardening inaccessible to some consumers, especially during economic downturns, consequently constraining market growth.
- Rise in Competition from Artificial Plants
Competition from artificial plants, seen as low-maintenance and durable, poses a threat to the indoor plants market. The perception of convenience and longevity associated with artificial alternatives hampers the growth of real indoor plants. This competition undermines market expansion efforts, limiting consumer interest and adoption of natural indoor greenery.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In January 2022, Bloomscape revolutionized the market with its Bloomscape app, redefining plant care. This innovative platform streamlined plant selection and care guidance, offering users a seamless experience. Aimed at plant enthusiasts, the app merged convenience and expertise, setting a new standard in the industry
- In March 2021, The Plant Exchange introduced its Plant Exchange app, pioneering plant trading. This platform simplified plant transactions, fostering a community of indoor plant lovers. Through technology, users engaged in sharing and acquiring unique specimens, marking a transformative shift in the indoor plant enthusiast experience
Indoor Plants Market Scope
The market is segmented on the basis of type, application, and product. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Shade-Loving Plants
- Low Light Plants
- High Light Plants
Application
- Absorb Harmful Gases
- Home Decoration
Product
- Succulent Plants
- Berbaceous Plants
- Woody Plants
- Hydroponic Plants
Indoor Plants Market Regional Analysis/Insights
The market is analyzed and market size insights and trends are provided by type, application, and product as referenced above.
The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America is expected to witness significant growth in the indoor plants market during the forecast period as consumer awareness grows in this region. Rising interest in indoor gardening and the benefits of green spaces fuel the demand for plants, fostering market expansion and innovation.
Europe is expected to dominate the indoor plants market, leveraging its status as the world's largest producer and exporter of indoor greenery. With a rich horticultural heritage, and indoor plants low light requirement in the region's expertise fosters innovation and quality, driving growth and shaping trends in the global indoor plant industry.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Indoor Plants Market Share Analysis
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Some of the major players operating in the market are:
- Dümmen Orange (U.S.)
- Syngenta Crop Protection AG (Switzerland)
- Beekenkamp Group (Netherlands)
- Hofland Flowering Plants (Netherlands)
- SAKATA SEED AMERICA (U.S.)
- Dutch Flower Group B.V. (Netherlands)
- Marginpar BV (Netherlands)
- Walter Blom Plants BV (Netherlands)
- Selecta Klemm. (Germany)
- Double H Nurseries Ltd (U.K.)
- Arcangeli Giovanni e Figlio S.A.S. (Italy)
- KP Holland Centraal B.V. (Netherlands)
- Ball Horticultural Company. (U.S.)
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