Indoor Plants Market Size Boosting The Growth Worldwide

The recently published Indoor Plants market study comprehensively assesses the future growth prospects of the global market. It offers valuable insights and statistical data on market size and structure spanning the period from 2023 to 2031. The primary objective of this report is to furnish decision-makers with market intelligence and strategic recommendations, empowering them to make informed investment decisions and identify lucrative growth opportunities while recognizing any potential gaps in the market.

Global Indoor Plants Market is valued approximately at USD $ million in 2019 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2020-2026. Indoor plants (also known as houseplants) are those plants which typically are grown in houses and offices and are primarily used for decorative purpose, however recently they are also used to improve the indoor air quality. Some of the common indoor plants are cactus, epiphytes, and succulents. These indoor plants are extremely useful as they keep the indoor air pure, remove pollutants, and also reduce the rate of house air pollution. These plants do require suitable pots and fertilizers. When these plants are kept at houses or offices, they must be provided precise care of moisture, temperature, light, humidity, fertilizers, soil mixture, pest control and potting. With the outbreak of COVID-19, the strict regulations implemented by the government on the movement of people, goods & services which have a severe impact on the demand of indoor plant thus, affecting the growth of market during this hard time of COVID-19 pandemic.

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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.

Increasing air pollution mainly in metro cities, introduction of new collection of indoor plants by the market players and improving standard of living among people are the few factors responsible for high CAGR of the market over the forecast period. For instance, in June 2019, Leafy Palo Alto has introduced its new collection of indoor plants. This new collection has an appealing display, which is apt for decorating and gifting purpose. Similarly, in June 2017, Tesco pioneered its new collection of indoor tomato plant. This is especially intended for the people living in urban areas who wants to grow their own vegetable and do not have their own gardens. These initiatives taken by market players are expected to accelerate the growth of indoor plants market around the world. However, complications related to the molds and fungus due to inappropriate light is one of the major constraining factors to the market growth over the forecast period of 2020-2026. The regional analysis of global Indoor Plants market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World.

Major market player included in this report are:Subhiksha OrganicRolling NaturePatch Gardens Ltd.Sheel Biotech LimitedRentokil Initial plcUnique IndustriesGanga NurseryTotally PlantsSonya Plants & Flowers LLC.Heart of Florida Greenhouses Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.

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Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:Shade-loving plantsLow light plantsHigh light plants

By Application:Absorb harmful gases and Release oxygenLandscape decoration

By Region:North AmericaU.S.CanadaEuropeUK

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GermanyAsia PacificChinaIndiaJapanLatin AmericaBrazilMexicoRest of the World

The Five Forces analysis examines the following factors:

The PESTLE analysis takes into account the following dimensions:

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