Artificial Plants Market Research Report: Information by Product Type (Stem Flowers, Whole Plants & Trees, Wood & Branches, Grass, and Others), Material Type (Silk, Plastic, Rubber, Paper, and Others),End Use (Commercial, Residential),Distribution Channel (Store-Based: Supermarkets & Hypermarkets, Convenience Stores, Specialty Stores, and Others, Non-Store-Based),and Region (North America, Asia-Pacific, Europe, and the Rest of the World) - Forecast till 2028

Market Scenario

Artificial plants market size is projected to reach approximately USD 780.3 million by 2028, at a CAGR of 4.15% from 2021 to 2028. Artificial plants are also known as faux plants. These plants are made of a variety of materials such as silk, polyester, paper, cotton, parchment, rubber, and others. However, polyester is a highly preferred material by manufacturers for the production of artificial plants owing to the availability and low cost of the raw material. Artificial plants have applications in both commercial and residential settings. Consumers highly prefer them because they increase the aesthetics of the place and can sustain in any weather condition without any maintenance cost.

COVID-19 Analysis

The outbreak of COVID-19 has affected almost every industry, and the long-term effects are expected to impact the industry growth during the forecast period. The pandemic has considerably affected the global economy—the GDP of numerous countries reduced tremendously in the first quarter of 2020. The pandemic has resulted in a crisis; therefore, the purchase ofnon-essential commodities has declined significantly worldwide. The artificial plants market has experienced a considerable downfall during the COVID-19 pandemic. Massunemployment and almost all offices starting their operations from home have reduced the demand for artificial plants in the commercial sector as well as households.

COVID-19 has significantly impacted the economies of almost all countries worldwide.The revenues of several industries—including tourism and retail—have been affected substantiallydue to the pandemic. Furthermore, industries such as real estate, manufacturing, and construction buildings had slowed down their function and production owing to the restrictions on the flow of logistics and availability of human resources. Moreover, shopping malls, restaurants, specialty stores, supermarkets, offices, and tourism have been completely shut to prevent the spread of the disease; this has caused a down wave in demand for artificial plants market. COVID-19 has triggered a shift of retail companies to online platforms, along with strategically shrinking their offline layout. COVID-19 has affected many industries and supply chains largely.

However, the market prospect for artificial plants is still bright. In the coming years, the market is expected to undergo extensive growth; this is because artificial plants are trendy, require almost no maintenance can sustain in any weather, and make the surroundings look aesthetically appealing. Moreover, improvements in technology and design in artificial plants have resulted in an increased demand for artificial plants among consumers. These factors are expected to drive the global artificial plants market during the forecast period.

Market Synopsis

The global artificial plants market is expected to experience significant growthin the near future. The demand for artificial plants has increased rapidly in the last few years due to improved technology and designs in the products. Moreover, artificial plantsdo not need any maintenance costs and last for a longerperiod of time; this is expected to boost the demand for artificial plants in the next few years. Furthermore, artificial plants are gaining immense popularity among the millennial. The lack of time required for caring for real plants is expected to drive the growth of theglobal artificial plants market.

Additionally, some people tend to develop allergies to certain types of real plants, which is not the situation with artificial plants; this factor is further increasing the acceptance of artificial plants among consumers. However, artificial plants neither release oxygen in the air nor help in reducing volatile organic compoundsfrom the air, as opposed to real plants; this factor is expected to restrain the growth of the artificial plants market.

Market USP

No maintenance cost and longer shelf life.

Market Drivers

• Low maintenance: Artificial plantsare being increasingly opted for as an indoor decoration by residentialhouseholds as well as the commercial sector as it needs no maintenance. It only needs dusting once in a while. This drives the market for artificial plants in the household as well as commercial sector. Moreover, the millennial populationseeks convenient and trendy showpieces for aesthetics; thishas boosted demands for artificial plants. Replication of rare, beautiful plants which are hard to find or maintain in different weather conditions is also an essentialfactor driving the artificial plants market.

Market Restraints

• Artificialplants are non-biodegradable: Artificial plants are manufactured in factories using synthetic materials and harmful dyes. These materials aren’t easily recycled. Furthermore, artificial plants do not last forever; once they get damaged or faded, they are thrown in a trash dump where it might take many years to decompose. However, natural plants are thrown away only when they are dying, and even after they are thrown away, they begin to biodegrade almost instantly. This can be a major restraining factor for the artificial plants market because of the changing consumer preferences and inclination towards a clean and pollution-free environment.

Market Opportunities

• Fireproof artificial plants: Fire breakouts can occur in several areas such as hotels, offices, homes and cause significant damage to life and property. One way to prevent this fire disaster is to use fireproof design articles such as fireproof decorations. These fireproof artificial plants are manufactured by using flame-resistant materials and chemicals during the manufacturing process. These artificial plants have a realistic appearance and retardant properties, making it easy for people to have a safe decorative environment. Owing to this, fireproof artificial plants are a preferred choice for landscapers, architects, and interior designers looking to add a special touch to any project. Moreover, consumers are inclined towards safety and quality and are willing to pay more for safe products. Owing to the various benefits offered by artificial plants, the global artificial plants market has high growth potential and is expected to present lucrative opportunities for players in the market during the forecast period.

Market Challenges

• Artificial plants do not offer purification of the air: The challenges faced by major companies operating inthe artificial plants market are the difficulty for users in switching to artificial plants from natural plants. Artificial plants do not offer the purification of the air and oxygen emission during the day, as opposed to natural plants.Natural plants absorb various gases through pores on the surface of their leaves. Furthermore, indoor plants can absorb many other gases along with carbon dioxide. These indoor plants help remove pollutants from the air by absorbing these gases through their leaves and roots. Moreover, the microorganisms living in the soilof potted plants also play a significant role in neutralizing the pollutants and purification of air.

Segmentation

By ProductType

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  Whole Plants & Trees: The whole plants & trees segment held the largest share in the global artificial plants market for the product type segment. These plants increase the aesthetics of the place and need no investment of time of money for its maintenance. This helps consumers in easy accessibility of whichever plants they want in any season. This drives the growth of the global artificial plants market.

  
  


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  Stem flowers

  
  


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  Wood & Branches

  
  


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  Grass

  
  


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  Others

  
  

By Material Type

• Plastic: The plastic segment accounted for the largest share in the global artificial plants market for material type segment. Plastic material is preferred by manufacturers for the production of artificial plants owing to its availability and affordability.


• Silk


• Rubber


• Paper


• Others

By End Use

• Commercial:


• Residential:Residential accounted for the largest market share in the global artificial plants market for the end user segment. Homes are considered under the residential segment. The proportion of the residential market is bigger than that of the commercial market. This gets majorly affected by cost, because artificial plants need to maintenance cost. Owing to this, these are majorly preferred by middle-class terminal individuals. The cultivation and maintenance of natural plants requires more cost, more time, and more efforts. Sometimes this can also need employing professional gardeners. This cost is generally affordable by large companies, malls, hotels & restaurants, or hospitals for purifying the air. However, this cost is not generally affordable by residential individuals. Due to this, the market for global artificial plants market is expected to have a larger market share in residential segment.

By Distribution Channel

• Store-Based:


• Non-Store-Based: The non-store based helda larger market share in the global artificial plants market for the distribution channel segment. The platforms considered under non-store-based segment are e-commerce portal or company-owned websites. The rapid development of the internet has attracted numerous companies to sell artificial plants online. Someof the companies independently produces artificial plants and sells on their own website. Some of the portals become agents or dealers of physical factories manufacturing artificial plants.

By Region

• North America: North America accounted for the largest market share for global artificial market in the year 2020. North America is one of the biggest artificial plants and flowers market in the world, where artificial plants are used in various festivals and occasions. Artificial plants are manufactured by using advanced technologies for making them resemble real plants. Advanced technologies are usedin the US and Canada for manufacturing various types of artificial plants.


• Europe:


• Asia-Pacific: Asia-Pacific is a new revenue pocket for the global artificial plants market.The growing populationin China and India hascreated an opportunistic market for the existing players. Increasing busy lifestyles in this region and growing earning capacity results in consumers to incline towards buying artificial plants, as they are easy to maintain.


• Rest of the World

Competitive Landscape

Some of the key players operating in the artificial plants and flowers business areThe Green House (India), Treelocate Ltd. (UK), Sharetrade Artificial Plant and Tree Co., Ltd. (China), International Plantworks (US), Nearly Natural (US), J. S. Flower Company Limited (Thailand), Commercial Silk Int'l & Plantscape Inc (US), China Silk Flower Factory (China), GreenTurf (Singapore), and International TreeScapes, LLC (US). These players are expected to positively influence the global artificial plants market growth during the forecast period.