Indoor Plants Market Size, Share, Growth, and Industry Growth by Type (Succulent Plants, Herbaceous Plants, Woody Plants, and Hydroponic Plants) By Application (Commercial and Household) Regional Forecast To 2031

Updated On: 08 July 2024

Indoor Plants Market Report Overview

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The global indoor plants market size was USD 10.459 billion in 2021 and the market is projected to touch USD 14.753 billion by 2030, exhibiting a Compound annual growth rate (CAGR) of 3.88% during the forecast period. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Indoor plants are known as potted plant, pot plants, or a houseplant. It is an ornamental plant indoors, such as in household and commercial. It is used for decorative purposes, and common indoor plants are semi-tropical or tropical.

The indoor plant market growth is attributed to growing awareness about indoor gardening and the health benefits associated with a houseplant. A rise in a desire to add aesthetics to the environment and expansion in indoor gardening in commercial and household is estimated to fuel market growth. Growing plant breeding, including multi-breeding and cross breeding, is extensively used by many gardeners. These factors are estimated to drive market growth in the forthcoming years. A high need for house décor and rapid innovations is predicted to surge market growth. A rise in concern for air purifiers and rapid technology advancements is anticipated to accelerate market progress. On the contrary, high maintenance and attention are estimated to limit market progress. Further, the complexity of fungus and moulds caused by insufficient light is anticipated to slow market growth in the upcoming years.

COVID-19 Impact: Closures of Workplace Areas and Delay in Import & Export of Flowers to Limit Market Growth

Closures of workplace areas and delays in the import & export of flowers to limit market growth. Shutdown of showrooms and gardens due to lockdown restrictions to harm market progress. Further, supply and chain disruptions coupled with limited production of ornamental plants. Lower demand for the product among consumers and an increased need to save human life minimized market growth during the pandemic period. 

LATEST TRENDS

"Health Benefits associated with Houseplant to Fuel Market Growth "

Indoor plants have several health benefits, such as stress relaxation and air purification. It offers relief from mental illnesses. Further, several health professionals advise adopting indoor gardening. High demand to improve feelings of well-begin in people suffering from anxiety, depression, and other health conditions. Indoor gardening offers to improve concentration, relaxation, and connection with nature. Rise in demand for indoor flowers and plants in the residential sector is estimated to surge market growth in the forthcoming years.

Indoor Plants Market Segmentation

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• By Type

Based on type, the market is divided into succulent plants, herbaceous plants, woody plants, and hydroponic plants.

Succulent plants are expected to be the top part of the segmentation type.

• By Application

Based on the application, the market is divided into commercial and household.

Household is expected to be the top part of application segmentation.

DRIVING FACTORS

"Growing Need for Interior Decoration and Plant Breeding to Surge Market Growth "

Increased popularity for the indoor plant as interior decoration is estimated to fuel market growth. The plants have various colors, such as pink, white, and violet, which help in decorating homes. It is extensively used as a decorative element, anticipated to accelerate market growth. Rise in desire to add aesthetics to the environment and expansion in indoor gardening in commercial and household is estimated to fuel market growth. Many gardeners extensively use growing plant breeding, including multi-breeding and cross-breeding. These factors are estimated to drive market growth in the forthcoming years. Increased research activities for breeding programmer coupled with increased economic productivity yield is estimated to drive indoor plants market growth.

"Government Initiatives and High Need to Increase Oxygen Level to Foster Market Growth "

Government initiatives about awareness programs for indoor gardening and the high need to increase oxygen levels are estimated to fuel market growth. The plants can be grown in offices, homes, and any other indoor location. It is estimated that indoor plants bring a lot of positivity to the place. Further, it helps to purify the air, reduce the rate of indoor air pollution, and remove pollutants. High demand for fresh air in indoor areas and growing air pollution globally are anticipated to surge market growth in the forthcoming years. In addition, rapid technology advancements are anticipated to accelerate indoor plants market progress.

RESTRAINING FACTORS

"High Maintenance and Continuous Attention associated with Indoor Gardening to Harm Market Growth "

High maintenance and attention are estimated to limit market progress. Further, the complexity of fungus and moulds caused by insufficient light is anticipated to slow market growth in the upcoming years.

Indoor Plants Market Regional Insights

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"Increased Air Pollution in Asia Pacific to Drive Market Share "

Asia Pacific is estimated to account for the highest indoor plants market share owing to the increased air population. Ease of purchase and cost-effective product features are anticipated to fuel market growth. A high need to reduce indoor air pollution and rapid technological advancement is anticipated to accelerate market growth in the forthcoming years. Growing awareness about indoor gardening and the health benefits associated with a houseplant. A rise in the desire to add aesthetics to the environment and expansion in indoor gardening in commercial and household is estimated to fuel market growth. Many gardeners extensively use growing plant breeding, including multi-breeding and cross breeding. These factors are estimated to drive market growth in the forthcoming years.

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Vertvista (India)
• Patch Gardens Ltd (U.K.)
• Ambius (U.S.)
• Inside Plants (India)
• Gamlaa (India)
• Floricoltura Zardi (Italy)
• Root Bridges (India)
• Rolling Nature (India)
• The Sill (U.S.)
• Heart of Florida Greenhouses Inc. (U.S.)
• Arnott and Mason (U.K.)
• Lakshmi Garden Creators. (India)
• Crocus (U.K.)
• Totally Plants (U.K.)
• Sugandha Farms and Nursery (India)
• Marconi Antonio & Figlio (Italy)
• Sonya Plants & Flowers LLC. (India)
• Sheel Biotech Limited (India)
• Premier Planters (U.K.)
• Valley Interior Plant Care (U.S.)

REPORT COVERAGE

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