The artificial plants market was valued at USD 0.82 billion in 2023 and is expected to grow to USD 1.51 billion by 2032, with a compound annual growth rate (CAGR) of 4.18% from 2024 to 2032. The market’s growth is driven by the increasing demand for artificial plants and advancements in design and technology.
Key Market Trends
- Growing Popularity of Artificial Flower Jewelry:
Artificial flower jewelry, including necklaces, brooches, and earrings, has gained popularity, especially among younger consumers. These premium products are often used in weddings and ceremonies, and even celebrities are contributing to their rising demand.
- Fire-Retardant and Waterproof Plants:
The use of fire-retardant and waterproof artificial plants and flowers is becoming more common, particularly for event decorations. These products reduce fire risks and can withstand various weather conditions, further boosting market growth.
Market Segments
Product Types: The market is segmented into stem flowers, whole plants & trees, wood & branches, grass, and others. Whole plants & trees dominate the market due to their use in home interiors, terraces, and backyards. Stem flowers are the fastest-growing segment because of their affordability and low maintenance.
Key Companies in the Market
The 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)International TreeScapes LLC (US)
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Reference
Artificial Plants Market Research Report Information By Product Type
–Market Research Future
