Bonsai Market Size, Share, Growth, And Industry Analysis By Type (Stumps Bonsai, Landscape Bonsai, and Others) By Application (Wholesale Bonsai, and Custom Made Bonsai) Regional Forecast By 2032

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Bonsai Market Report Overview

The global bonsai market size was USD 8.42 billion in 2023 & the market is expected to reach USD 21.71 billion by 2032, exhibiting a CAGR of 11.1% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to bonsai market growth and demand returning to pre-pandemic levels once the pandemic is over. 

They are trees and plants grown in containers to look their most beautiful - even prettier than those growing in the wild. Cultivating bonsai is a very artistic hobby and traditional Japanese art. It's also an excellent example of the gentle Japanese respect for living things and an expression of their sense of beauty. It's much more involved than growing potted flowers and requires a much larger physical and emotional commitment. The term "bonsai" was first used in a poem in the mid-14th century, but earlier bonsai culture can be seen in picture scrolls dating back to 1309. It became more popular three centuries later, during the Edo period (1603–1867).

There are several basic bonsai styles. Chokkan style bonsai trees have a straight upward trunk, and well-balanced branches that extend left, right, forward, and behind; shakan style trees have a slanted trunk that leans to one side; and moyogi style trees have a curved S-shaped trunk. Fukinagashi-style trees are shaped by strong winds, with bent trunks and branches growing in one direction, whereas kengai-style trees are found in areas with steep slopes, such as cliffs. While all these trees have a tree shape that works best for them, the most important thing to remember is to allow the tree to express its individuality freely, without forcing it to fit into any particular category, and to assist it in achieving its most beautiful, balanced form.

COVID-19 Impact: The Lockdown Propelled the Market Growth

The Covid-19 pandemic has had a significant impact on the bonsai market. With more people staying home, the demand for these plants has increased significantly. It is because more people are looking for ways to keep busy and express their creativity. It is a low-maintenance yet rewarding hobby that people of all ages can enjoy. It also helps to add a touch of greenery to indoor living spaces, making them even more appealing. As a result, these nurseries and stores have seen a surge in business, with many selling out within weeks of opening. It enthusiasts have also taken to social media, sharing their tips and tricks with others. It has helped to spread its popularity of it even further. The Covid-19 pandemic may have harmed many aspects of life, but it has undoubtedly had a positive one on the market.

Latest Trends

"The Utilization in Garden and Home Décor Market to Boost the Market Expansion."

Bonsai is becoming increasingly popular as the latest garden and home decor trend. The art of growing it has been practiced for centuries, but it is experiencing a resurgence in popularity. These trees come in all shapes and sizes and can be grown indoors or outdoors. They require special care and attention, but these miniature trees can thrive in nearly any environment with the proper care and maintenance. Many people enjoy the challenge of growing it, which requires patience, skill, and diligence. With their unique beauty and charm, these trees are a great addition to any home and can be used as thoughtful gifts. Whether you're a novice or a seasoned green thumb, it is a great hobby to explore. So, if you're looking for something new and exciting to add to your garden or home decor, why not try bonsai? You won't regret it!

Bonsai Market Segmentation

According to type, the bonsai market can be segmented into stumps bonsai, landscape bonsai, and others. Among these, a stumps bonsai is projected to experience rapid growth through 2031.

• By Application Analysis

Based on application, the market can be divided into wholesale and custom-made bonsai. Wholesale bonsai are expected to hold the most significant bonsai market share in the upcoming years.

Driving Factors

"Eco-Friendly Nature and Minimal Resource Requirement to Fuel the Market Expansion"

The market is increasing, with more and more people taking up the hobby and finding joy in the delicate art of creating miniature trees. Energy efficiency and sustainability are key driving factors in this trend. It is one of the most eco-friendly hobbies, requiring minimal resources like soil, water, and light. Additionally, these trees require far less maintenance than larger plants, making them perfect for busy lifestyles. People are also drawn to it because of its therapeutic effects. Taking care of these trees can be calming and meditative, promoting well-being and relaxation. Finally, these trees are also aesthetically pleasing. Their unique shapes and lush foliage make them the perfect addition to any room. It's no wonder more people are turning to it as a hobby.

"Increasing Popularity and Affordability to Fuel the Market Growth"

The market has seen steady growth over the past few years, with many adopting this art as a hobby. The critical driving factors contributing to this growth include the rising popularity of miniature trees, the increased availability of related products, and affordability. As the art of bonsai continues to grow, so does the number of people practicing it. It is due to the growing trend of related products such as tools, fertilizers, and even classes. It's now easier than ever to get started in the art of bonsai, as many retailers have made it more accessible and affordable.

Additionally, more people are becoming interested in the aesthetic beauty of bonsai, which is evident in its increasing popularity. As people become increasingly aware of the art, they are more likely to become involved and help drive the market forward. All in all, the growth of the market is due to a large number of factors. Still, some fundamental driving forces include its increasing popularity, the availability of related products, and its affordability.

Restraining Factors

"Lack of Awareness and to Hinder the Market Growth"

While the market has grown exponentially recently, a few restraining factors limit its full potential. One of the main obstacles is the lack of understanding of its culture. A bonsai is an art form that requires patience, creativity, and dedication to master. It's not something that you can jump into and expect to have success. You must study and practice caring for and maintaining this tree properly. Without this knowledge, it can be challenging to enjoy the full benefits of bonsai. Another factor that limits the growth of the market is the cost. These trees are expensive and require special tools and supplies. These costs can be prohibitive for many people, especially those on a budget. Finally, these trees require a significant amount of time and effort. Caring for this tree takes dedication and commitment. It can be difficult for people who don't have the time or desire to take on the challenge. While these restraining factors exist, the market is still growing and evolving.

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Bonsai Market Regional Insights

"U.S. to Dominate Market through the Adoption of Cloud Computing"

Between 2022 and 2031, the bonsai market will be dominated by U.S. Factors driving the market growth in this region include the eco-friendly nature and minimal resource requirement.

Additionally, the market is anticipated to experience the fastest growth in European and Asian countries (India, China, Japan, and South East Asia). The increasing popularity and affordability fuel the expansion of regional markets.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

LIST OF TOP BONSAI COMPANIES

• Ganga Nursery (India)
• GardenShop (Ireland)
• Bonsai New Zealand (New Zealand)
• Kaizen Bonsai Ltd. (U.K.)
• Bonsaischule Wenddorf (Germany)
• Loder Bonsai BV (Netherlands)
• Bonsai outlet (U.S.)
• Shri Hare Krishna Nursery Farm (India)
• The Greenhouse (U.S.)
• Jack Rost (U.S.)
• HIMALAYA AGRO FARMS (India)
• Bonsai Design, Inc. (U.S.)
• Nazmin Nursery (India)
• Bonsai Network Japan (Japan)
• Agri Care Consultancy Farm And Nursery (India)
• Fern Valley Bonsai (New Zealand)
• The Bonsai Company Ltd (U.S.)
• Grow Green Bonsai (India)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.