According to a new report published by Allied Market Research, titled, “Flower Pots and Planters Market,” The flower pots and planters market was valued at $978.70 million in 2020, and is estimated to reach $1.5 billion by 2030, growing at a CAGR of 4.3% from 2021 to 2030.
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Surge in adoption for vertical garden, demand for houseplants in households and rise expenditure on home decoration products are likely to propel the flower pots and planters market growth during the forecast period. Rapid urbanization has resulted in the shrinking of living spaces, the adoption of vertical gardening utilizes the vertically accessible walls that solves the space limitation issues faced in traditional gardening. In addition, inclination of consumers toward home interior decorations at residences is expected to fuel the demand for flower pots and planters. Houseplants are gaining high traction among millennials, which is giving momentum to plant parenthood. Houseplants are considered to improve physical & mental well-being, reduce stress, and enhance aesthetics of home.
Lifestyle of consumers, especially in urban areas, is enhancing significantly, owing to increase in disposable income. Furthermore, owing rise in construction activities and luxurious lifestyle of consumers, the demand for flower pots and planter is rising, as they have becoming an integral part of to modern lifestyles. Furthermore, rise in willingness to spend more on home décor products including flower pots and planter are anticipated to offer remunerative opportunities for the expansion of the global market, as these products enhance the aesthetical appearance of homes and home garden. Thus, improvement in lifestyle is expected to provide potential growth opportunities for players operating in the global flower pots and planters market.
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According to flower pots and planters market analysis, on the basis of end user, the households segment dominated the market, garnering about 61.9% of the market share in 2020. This is attributed to increase in demand for flower pots and planters among the hobbyist gardeners in the developed markets such as North America and Europe.
By distribution channel, the e-commerce segment was the significant contributor to the market, with $229.1 million in 2020, and is estimated to reach $387.3 million by 2030, at a CAGR of 5.1% during the forecast period. This is attributed to increased adoption of online shopping platforms among the millennial population and availability of home décor products, including flower pots and planters on e-commerce platforms.
Region wise, Europe has been gaining considerable share in global flower pots and planter market, and is expected to sustain its share throughout flower pots and planters market forecast period. According to the CBI Ministry of Foreign Affairs, in 2020, an annual growth of about 1–3% was recorded in the real private consumption expenditure in Europe. Moreover, around 27 million people in the UK are involved in gardening. As per the data provided by the Center for the Promotion of Imports from developing countries (CBI), Germany has around 45 million active hobby gardeners, whereas as France has around 17 million gardeners who actively participate in gardening. Thus, flower pots and planters witness significant demand in developed countries, owing to the presence of huge number of hobby gardeners and increased consumer expenditure on home decoration products.
The key players profiled in the global flower pots and planters industry includes Ado Urban Furniture, Amop Synergies, Ashley Furniture Industries, Atech, CROWD, Elho B.V., Inter IKEA Systems B.V., Kone Crafts, Planters Unlimited, and the HC Companies.
Key findings of the study
- The flower pots and planters market size was valued at $978.7 million in 2020, and is estimated to reach $1,528.2 million by 2030, registering a CAGR of 4.3% from 2021 to 2030.
- In 2020, by product type, the metal segment is estimated to witness the significant growth, registering a CAGR of 5.5% during the forecast period.
- In 2020, depending on end user, the commercial segment was valued at $372.4 million, accounting for 38.1% of the global flower pots and planters market share.
- In 2020, by distribution channel, the e-commerce segment is estimated to witness significant growth, registering a CAGR of 5.1% during the forecast period.
- By country, the U.S. was the most prominent market in the flower pots and planters market in 2020, and is projected to reach $387.9 million by 2030, growing at a CAGR of 3.0% during the forecast period.
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According to the top CXOs, the demand for houseplants is expected to grow significantly in corporate offices and home office settings. With rising adoption of the work-from-home culture and the re-opening of offices across the globe, the sales of flower pots and planters is projected to spike. It is evident that houseplants may increase the productivity; therefore, individuals working remotely or from office may tend to adopt houseplants to decorate their workspace, thus increase their attention and productivity. The CXOs further added that the demand for flower pots and planters is expected to surge significantly from the developed economies such as the UK, Germany, the Netherlands, and France. The presence of huge number of hobbyist gardeners in Western Europe plays a crucial role in the growth of the global flower pots and planters market. Developing nations are offered great opportunities to generate revenues by exporting their products to the European countries. “Home Sweet Home” is a popular trend, which is associated with stability and wellness in the European markets that boost the consumer expenditure on various home decoration and home textile products. Moreover, millennials are soon to become the leading consumers across the globe. This is attributed to the fact that the millennial population significantly influences the on-demand economy, which is expected to boost the e-commerce distribution of flower pots and planters.
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