Novel coronavirus cases continue to rise and is negatively impacting the global flower pots and planters market due to significant slowdown in spending during first half of 2020. A detailed outlook of flower pots and planters market with and COVID-19 impact on market is presented in the report. This report aims to assist our clients with valuable insights which are required to make important business decisions during and post COVID-19 period.”
A fresh report titled “Flower Pots and Planters Market – By Product Type (Plastic, Ceramics, Wood, Others), By Application (Home Decorates, Commercial, Municipal Construction, Horticulture) & Global Region – Market Size, Trends, Opportunity, Forecast 2018-2024” has been presented Fast Market Research. It evaluates the key market trends, advantages, and factors that are pushing the overall growth of the market. The report also analyzes the different segments along with major geographies that have more demand for Flower Pots and Planters Market. The competition analysis is also a major part of the report.
Global flower pots and planters market is expected to reach USD 2,208.3 Million by the end of 2024 from USD 1,869.6 Million in 2018. Rising trend among population to create their own beautiful container gardens for front porch, patio or any outdoor space and rapid growth in floriculture industry is poised to guide the demand for flower pots & planters across all regions. In addition to this, global flower pots and planters market value is projected to witness a Y-O-Y growth of 3.7% in 2024 as compared to previous years.
Growth Drivers – Flower Pots and Planters Market
Growing Interest in Household Plants
Rising interest of millennials in household plants is one of the major factors driving the growth of global flower pots and planters market. According to the European Union, the value of European houseplants and flowers were held to USD 42 Billion in 2017. Further, entry of various leading e-commerce retailers in flower pots and planters retailing business such as Amazon is envisioned to bolster the growth of flower pots market in the years ahead.
In the United States, millennials generally accounted for more than 31% sale of household plants in 2016. Internet search trend data from Google showed that household plants searches have risen to ten times since 2010. Further, this blooming millennial’s interest in household plants is believed to intensify the growth of the market during the forecast period.
Rising Nursery and Horticulture Industry
Horticulture and nursery industry trends are witnessing rapid change across the globe. Since the past three decades, a major shift trend from cuts flowers towards pot plants is being observed. For instance, cut flowers import and production of pot flowers have grown remarkably in the United States since 1980. Similarly, various other nations including China, India, among others have increased the production of pot flowers. This continuous growth is signaling positive growth of pot plant industry which in turn is expected to drive the growth of the global flower pots and planters market.
Launch of Various New Flower Pots and Planters
Continuous innovation and launch of new flower pots & planters in terms of design, durability, and material are believed to propel the future growth of global flower pots and planters market. Further, home décor and value segments are likely to continue providing various new product opportunities as consumers are increasing their gardening expenditure. In addition to this, a significant increase in professional garden and lawn services is also positively impacting the homer décor segment which in turn is believed to drive the growth of flower pots and planters market.
Barriers – Flower Pots and Planters Market
Rising environmental concerns regarding the impact of plastic containers is expected to hamper the growth of plastic flower pots market during the forecast period. Plastic flower pots are usually made from High Density Polyethylene (HDPE) or polypropylene which are harder to recycle. Further, strict rules and regulations regarding non-acceptance of plastic pots in recycling bin is anticipated to slow the growth of global flower pots and planters market. However, development of flower pots from other materials such as ceramic, fiber and others will support market growth
Market Trends – Flower Pots and Planters Market
Innovation in Design & Functionality
Manufacturers of pots & planters are continuously making innovation in product design and function in order to tackle market competition effectively. Companies are introducing innovating products such as a pot with a wick system and others in order to attract customers. For instance, Pöppelmann GmbH & Co. KG introduced cover pots, which are capable of keeping plants fresh for longer with clever watering systems.
Browse Full Report of Flower Pots and Planters Market With TOC [Impact COVID -19 ]- https://www.fastmr.com/report/41/flower-pots-and-planters-market
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