Increased standard of living and the choice of people to keep flowerpots as display are some reasons which are driving the market
Covid-19 Impact & Market Status
Due to the introduction of Covid-19, the Flowerpot market has suffered a significant fall in terms of growth. This is due to travel restrictions, aircraft bans, and quarantines, which resulted in the temporary suspension of all offline operations and offices. These reasons hampered the offline market and supply chains got disrupted. There was lower availability of raw materials and hence people faced shortage in terms of getting their hands on flowerpots.
Terracotta segment to Remain Atop
By type, the Flowerpot market is divided into Plastic, Metal, Terracotta, Ceramic, Stone, PVC, Wood, Others. It was led by the Terracotta segment in 2021, and is projected to maintain its dominance during the forecast period. This is due to the material's porous structure, which allows air and moisture to travel freely, preventing soil illness and root rotting. These are made of clay and hence better for environment as compared to plastic pots.
Home Decorates to Ensure Highest Sales
Based on application, the flowerpot market is divided into Hospitals, Commercial Offices & Building, Home Decorates, Plant Nurseries, Others. The home decorate segment is expected to give higher returns than any other segment as flower pots is mostly used in the residential space and not the commercial space. It is also because of higher awareness in people pertaining to the use of flower pots as to compare to corporate.
Wholesalers to get Highest Sales
Based on distribution channel, the flowerpot market is divided into Wholesaler, Hypermarkets/Supermarkets, E-commerce Platform, Others. Because there are so many plant nurseries and retail establishments across the world, wholesalers are anticipated to have bigger sales than anybody else. Also, the wholesalers offer the best price for the flowerpots.
Europe Region to Render Ample Investment Avenues
Europe is the largest contributor to the growth of global Flowerpot Market. The key factors such as a long presence of gardening culture along with a large percentage of population working in the gardening business. Additionally, the people there have higher income due to which they get the opportunity to use flowerpots as decorative material.
However, the Asia Pacific region is expected to incur huge demand because of the high population and the growing need for flower pots.
The growth in need for Flowerpot is primarily because of the growing necessities of gardening coupled with increased spending power of individuals.
Flowerpot is basically a pot in which flowers are planted. These are used widely for decorative purposes, there are different types of flower pots available with different shapes, designs and sizes. Newly introduced designs and effective material build also attract a lot of people to buy flower pots. Additionally, the different colours of flowers available make it an altogether impressive package for decoration purposes. More and more people are now looking to buy these flower pots because of increased awareness about concerns regarding environment. These variables will have a combined impact on the worldwide Flowerpot market, resulting in a market size of 800 million dollars by 2029.
The rise in the players in the market, constant innovations etc. are increasing the overall market size of the Flowerpot market. There is also a huge use of technology to innovate the product. There has been a great number of young gardeners which is helping the market grow even further.
Plastic Corporation, Novelty, and SOF Lvhe. By applying technology, the R&D teams of the companies must try increase to make better designs and more beautiful and appealing flowerpots.
Recent Developments in the Global Flowerpot Market:
- Tesco Ireland and Paltech have collaborated to create a new flower container made completely of recycled plastics. The €25 slate-grey flower pots are produced from scrap plastic packaging, which is a major source of trash in the retail industry.
Flowerpot Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 800 million|
|Growth Rate||CAGR of 8.1% during 2021-2028|
|Segment Covered||Application, Type, Distribution Channel, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East & Africa|
|Key Players Profiled||Nursery Supplies Inc., Yorkshire, Xinyuan Flowerpots, Keter Group, Beiai Musu, Anderson Pots, Garant, echuza, Stefanplast, ELHO, Landmark Plastic Corporation, Novelty, and SOF Lvhe & among others.|
Key Segments of the Flowerpot Market
Type Overview, 2022-2029 (USD Million)
Application Overview, 2022-2029 (USD Million)
- Home Decorates
- Commercial Offices & Building
- Plant Nurseries
Distribution Channel Overview, 2022-2029 (USD Million)
- E-commerce Platform
Regional Overview, 2022-2029 (USD Million)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa