Indoor Plants Market Destine to Reach USD 26.23 billion by 2029 Globally, Size, Share, Industry Growth Rate, Demand and Revenue Forecast

Data Bridge Market Research in its report titled of Indoor Plants Market offers comprehensive insights and detailed research on this market. The report covers the key factors that are propelling the growth of the Indoor Plants market, untapped lucrative opportunities for manufacturers, latest trends and latest developments that are shaping the growth of the market and other valuable insights across different market segments.

To make the business successful, adopting such Global Indoor Plants Market research report is one the vital keys. Market research study finds out the general market conditions while working on this report. It also figures out the probable market for a new product to be launched, assesses client company's market share and possible sales volume. Moreover, it recognizes the types of consumers, their response and views about the products, and their thoughts for the step up of a product. The persuasive Indoor Plants report also estimates the most appropriate method for the distribution of certain product.

Data Bridge Market Research analyses that indoor plants market was valued at USD 17.93 billion in 2021 and is expected to reach the value of USD 26.23 billion by 2029, at a CAGR of 4.87% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, technological advancements and patent analysis.

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Indoor Plants Market Analysis and Size

Flowers and ornamental plants can add value to a smaller or larger space. These flowers and ornamental plants add beauty and lift the décor a few notches. Indoor plants come in various sizes, shapes, and colours and can be easily adapted to various climates, gardening needs, and landscapes.

It is clear from the name that indoor plants are plants that are grown indoors. Indoor plants can be grown in homes, offices, or any other indoor location. Growing indoor plants is thought to bring a lot of positivity as well as benefits. Indoor plants increase the oxygen level, purify the air in the home, remove pollutants, and reduce the rate of indoor air pollution.

Indoor Plants Market Dynamics

Drivers

Increasing popularity of indoor plants as interior decoration

The indoor plants various colours, which include white, pink, and violet, make it popular for home decoration. The growing popularity of the indoor plants as a decorative element is expected to drive market growth.

Health benefits associated with indoor gardening
Indoor plants are thought to reduce stress and to be therapeutic. People suffering from mental illnesses are often advised to begin indoor gardening as horticultural therapy to improve feelings of well-being in people suffering from depression, anxiety, dementia, and other conditions. It aids in relaxation, concentration, and connecting with nature and one another. The global indoor plants market is being driven by rising demand for indoor plants and flowers in the residential sector.

Opportunity

Plant breeding, including cross breeding and multi-breeding, has recently been widely used by many flower and plant production centres. The primary goal of plant breeding is to create plants that outperform existing ones in terms of economic value. Flowers have many beneficial components for the consumer that can be created, enhanced, or improved through flower breeding programmes that use various research and traditional techniques. Finally, the ultimate goal of breeding research programmes is to increase economic productivity yield. This increases demand for flowers and ornamental plants, creating opportunities in the global Indoor Plants market.

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Recent development

Bright Farms were focused on expanding their production base and actively involved in the installation of new indoor farming systems. Bright Farms, for example, will open its latest indoor farm in Hendersonville, North Carolina, in 2021. Every year, the 6-acre greenhouse will produce 2 million pounds of lettuce. Similarly, Bright Farms expanded its construction division in 2019 by opening three new sustainable greenhouse farms in Massachusetts, New York, and North Carolina.
Bowery Farming, a vertical farming startup based in New York City, announced a USD 300 million Series C round of funding in 2021. Bowery stated that the funds would be used to expand its network of smart indoor farms across the United States.

Leading Key Players Operating in the Indoor Plants Market Includes:

DÜMMEN ORANGE (U.S.)
Syngenta (Switzerland)
Beekenkamp Group (Netherlands)
Hofland flowering plants (Netherlands)
SAKATA (U.S.)
DUTCH FLOWER GROUP (Netherlands)
MARGINPAR BV (Netherlands)
Walter Blom Plants BV (Netherlands)
Selecta Klemm, Double H Nurseries Ltd, (Germany)
ARCANGELI GIOVANNI (Italy)
KP Holland (Netherlands)
Ball Horticultural Company (U.S.)

Key Market Segments:

Indoor plants market is segmented on the basis of type, application and product. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

Shade- loving plants
Low light plants
High light plants

Application

Absorb Harmful Gases
Home Decoration

Product

Succulent Plants
Berbaceous Plants
Woody Plants
Hydroponic Plants

Indoor Plants Market Country Level Analysis:

Indoor plants market is analysed and market size insights and trends are provided by country, type, application and product as referenced above.

The countries covered in the indoor plants market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

European region dominated market share and is expected to maintain its dominance throughout the forecast period. This region is the world's largest producer and exporter of indoor plants. The United States is expected to experience high demand in the North American region as consumer awareness grows. Meanwhile, in the Asia Pacific region, China and Japan are expected to be major consumers of this plant in the coming years.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.  

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Key Benefits of the report:

This study presents the analytical depiction of the global Indoor Plants industry along with the current trends and future estimations to determine the imminent investment pockets.

The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Indoor Plants market share.

The current market is quantitatively analyzed to highlight the global Indoor Plants market growth scenario.

Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.

The report provides a detailed global Indoor Plants market analysis based on competitive intensity and how the competition will take shape in the coming years.

Key questions answered in the report:

Which are the five top players of the Indoor Plants market?

How will the Indoor Plants market change in the next five years?

Which product and application will take a lion's share of the Indoor Plants market?

What are the drivers and restraints of the Indoor Plants market?

Which regional market will show the highest growth?

What will be the CAGR and size of the Indoor Plants market throughout the forecast period?

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