Artificial Flower Market Size, Share & Industry Analysis, By Type (Wreath, Arrangement, Stem, Ball, Vine, Petal and Others), By Application (Supermarket, Convenience Store, Specialty Store, Online Sales and Others) Regional Forecast From 2022 To 2030

Updated On: 20 November 2023

ARTIFICIAL FLOWER MARKET REPORT OVERVIEW

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The global artificial flower market size was USD 20.175 billion in 2021 and the market is projected to touch USD 29.54 billion by 2030, with a growing CAGR of 4.3% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the artificial flower market experiencing lower-than anticipated demand across all regions compared to pre-pandemic levels.

An artificial flower, is globally known as a handmade representation of a flower or flower head. Furthermore, they are usually consumed in home applications, garden and outdoor beautifications intentions. Moreover, several consumers have a growing inclination towards the product instead of the consumption of naturally obtained flowers due to, the product being long lasting and is obtainable in the consumer’s desired and preferred colors and textures. Additionally, numerous large consuming firms are showing more inclination towards the product due to, newer product advancements and designs.

On the other hand, the artificial flower product is segmented into six variated types such as wreath, arrangement, stem, ball, vine, petal and others. Firstly, the wreath type is something knitted or put together in a spherical structure such as a decorative preparation of greenery or flowers on a rounded foundation a Christmas wreath. Moreover, or an ensemble of interweaved flowers or leaves, worn as an indication of integrity or success garland or known as a laurel wreath. Secondly, an arrangement is the skill of consuming plant materials and flowers to fashion an attractive and stable arrangement or presentation of flowers. Thirdly, a stem or also recognized as cuttings are artificial stem flowers idyllic for wedding centerpiece table decorations and other wedding applications such as in bridal preparations and bouquets. Furthermore, a ball product is a compositional ornament entailing of a ball in the flower designed void of a round frame. A vine is composed of high quality rattan, netting extended over wire constructions, ground clay, and mass generated plastic moldings. Artificial vine can be consumed for wedding, Valentine’s Day home decorations. In conclusion, a petal is one of the customized frequently dazzlingly colored leaves of the corolla of the flower.

COVID-19 Impact: COVID-19 Virus Growth Implied Several Implications

The COVID-19 pandemic implied damaging and impervious ramifications to uncountable industries and its market. However, the pandemic also imposed uninvited challenges to the world economy. Furthermore, as the COVID-19 virus grew at an unstoppable rate and brought upon a harsh lockdown and introduced a stiff supply chain, limited percentage of employees, closure of workspaces led to the decline of demand from vital consumers. Due to, the fast spread of lockdowns and restrictions on movement activities the production and sales of artificial flower was hampered majorly throughout the COVID-19 pandemic time period.

LATEST TRENDS

"Diverse Properties of the Product Stimulate Demand"

The product has been innovated through continuous research and development processes, to be equipped with such rewarding properties such as being fire retardant and weather resistant. Furthermore, these properties attract numerous buyers for garden, hotel, and other markets requiring these properties for decoration purposes. Moreover, the product is developed with a fabric that is impregnated with a retardant, before being structured into a vase or container and so it is produced as a fire proof product. Hence, give rise to higher demand from consumers in the supermarket, convenience store, specialty store, online sales and others as users receive safer and reliable product standards.

ARTIFICIAL FLOWER MARKET SEGMENTATION

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• By Type

Based on type; Wreath, arrangement, stem, ball, vine, petal and others

Arrangement is the leading type in this segment

• By Application

Based on application; Supermarket, convenience store, specialty store, online sales and others

Supermarket is the leading application in this segment

DRIVING FACTORS

"Rising Level of Indoor and Outdoor Decorations Rockets Market Growth"

 It is being noticed that, the amount of indoor and outdoor decorations in the homes and stores is rapidly increasing. Due to, artificial plants and flowers assist in preserving the look for longer periods of time and also enhance the feel of the area in which it is present in. Furthermore, the product not only brightens up the area but also helps in stimulating better and happier moods, as it supports in developing a positive and creative atmosphere for users looking at it or being around the product. This factor, inquisitives several consumers to consume and experience the product hence, which leads towards the artificial flower market growth.

"High Usage of the Product in Infrastructural Facilities Boosts Market Growth"

The artificial flowers are increasingly being consumed as a display, in superstores and retail stores. Moreover, this is accounted for as it creates a sense of welcoming, beautifies the entrance and attracts consumers to visit the particular shop. Furthermore, in several developing and developed regions, the number of retail shops and supermarkets are significantly increasing and side by side also which also grows the demand and supply while also boosting the artificial flower market share.

RESTRAINING FACTORS

"Government Restraints upon Usage of Plastic Products Hinders Market Growth"

 The current government regulation implies, a command for the stoppage of usage of products obtained through plastic materials. Furthermore, this regulation directly harms the artificial flower market as majority of the flowers are made through plastic products. The producers in the market would have to search for alternative raw materials, which may be costlier than plastic, these factors are anticipated to hamper the market growth over the projected period.

ARTIFICIAL FLOWER MARKET REGIONAL INSIGHTS

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"Increasing Number of Retail Shops to Foster Growth in Asia Pacific "

The Asia Pacific region dominates over others in the industry, due to having several and growing number of retailing shops and supermarkets consuming, selling and displaying the artificial flower. Moreover, this factor positively stimulates the product circulation within the market and the region also, a higher population within the region creates a higher gift giving trend and higher consumption of the product. Hence, these factors grows the overall demand and supply of the product in this region.

KEY INDUSTRY PLAYERS

"Key Players Aim to Grow the Applications and Scope of the Product"

The key market players look to focus on supplying other diverse products, for the sole purpose of decorations. Furthermore, such as artificial plants and turfs to provide an overall solution to the domestic consumers. A wider product portfolio, would attract a more diverse and higher number of users towards the products. Additionally, the key players also advertise the products uses and raise awareness in the market.

List of Market Players Profiled

• Tongxin Artificial Flowers (China)
• FuLi Silk Flower Factory (India)
• Suqian Hollia Arts & Crafts (China)
• Ngar Tat (China)
• J.S. Flower (Thailand)
• Nearly Natural (U.S.)
• Dongguan Fusheng Arts (China)
• Dongguan Heng Xiang plant simulation Ltd. (China)
• Qihao (China)
• Dongchu Sculpture (China)
• Gold Eagle (U.S.)

REPORT COVERAGE

This report highlights types in the artificial flower market and its latest trends along with driving and restraining factors within the market. Additionally, this report is inclusive of the key industry players and reasons why the leading region they claim this title.