Artificial Plants Market Report, Research 2021: Competitive Landscape, Production, Sales, Demand Rate and Forecast 2027

 A comprehensive overview of the Artificial Plants market is recently added by UnivDatos Market Insights to its humongous database. The Artificial Plants report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Artificial Plants market. Artificial Plants report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates Artificial Plants at the global and regional levels. Global Artificial Plants Market was valued at US$ ~700 Million in 2020 and is anticipated to display an elevated CAGR of ~5% over the forecast period (2021-2027).

Market Overview

Artificial plants are imitations of natural plants used for commercial or residential decoration. They are sometimes made for scientific purposes (the collection of glass flowers at Harvard University, for example, illustrates the flora of the United States). Artificial plants vary widely from mass-produced varieties that are distinguishable from real plants by casual observation to highly detailed botanical or artistic specimens. In recent times there has been a growing trend towards consumers using artificial plants in their homes and gardens. Sales of fake plants, shrubs, and trees are flourishing, partly because we no longer want to take the time and trouble to grow real plants. advances in design and finish it is often difficult to distinguish between an artificial plant and the real thing today. As a result, there is no compromise when it comes to appearance and feel, and this provides many more options where greenery and plants are concerned. 

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COVID-19 Impact

The COVID-19 pandemic adversely impacted all the industries due to the disruptions in the supply chain, shortage of raw materials, and reduced per capita spending. But, millions of consumers were buying new homes and renovating their current homes during the COVID-19 pandemic, the retail home furnishings category has seen tremendous growth in both site traffic and spending. In America, 74.2 million consumers completed a home remodel job in August 2020, an increase of nearly 20% compared to the same period last year.

The Artificial Plants Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Product Type, the market is primarily bifurcated into

•        Stem Flowers

•        Whole Plants & Trees

•        Wood & Branches

•        Grass

•        Others

The whole plants and Trees segment gathered a major market share of the Artificial Plants in 2020 and grabbed X% market share. The market of this segment is expected to witness robust growth due to the growing number of commercial spaces. Also, the residents are more inclined towards the indoor garden which have artificial plants as well.

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By Distribution Type, the market is primarily bifurcated into

•        Supermarkets & Hypermarkets

•        Convenience Stores

•         Specialty Stores

•        Online

•        Others

The supermarket & hypermarket segment grabbed the considerable market in 2020. The key factors attributed to the growing share of this segment are the increasing preference of consumers for the product comparison with other brands. Hypermarkets/ supermarket offers the products of several one brands under one roof. However, the online segment would emerge as the growth leader in the forthcoming years.

By End-Use, the market is primarily bifurcated into

•        Commercial

•        Residential

The commercial segment grabbed a considerable market share in 2020 and grabbed X% market share. Moreover, the market of this segment is expected to witness robust growth in the forecast period to reach a market valuation of USD X MN by 2027

Artificial Plants Market Geographical Segmentation Includes:

·        North America

·        Europe

·        Asia-Pacific

·        Rest of the World

Based on the estimation, the North America region grabbed a major market share in 2020. The demand for Artificial Plants in North America is on the rise on account of growth in the construction industry in the areas of commercial and residential. As per a renowned management consulting firm, from 2009 to 2017, US hotel gross bookings grew from US$116 billion to US$185 billion. Moreover, the restaurant industry grew by 4.4% whereas the hotels' industry grew by 6% during 2009-17.

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The major players targeting the market includes

•        The GreenHouse

•        Treelocate Ltd.

•        Share trade Artificial Plant and Tree Co., Ltd.

•        International Plantworks

•        Nearly Natural

•        J. S. Flower Company Limited

•        Commercial Silk Int'l & Plantscape Inc

•        China Silk Flower Factory

•        GreenTurf

•        International TreeScapes, LLC

Competitive Landscape

The degree of competition among prominent regional companies has been elaborated by analysing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Artificial Plants Market. The leading players have been analysed by using research methodologies for getting insight views on global competition.

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Key questions resolved through this analytical market research report include:

·        What are the latest trends, new patterns, and technological advancements in the Artificial Plants Market?

·        Which factors are influencing the Artificial Plants Market over the forecast period?

·        What are the global challenges, threats, and risks in the Artificial Plants Market?

·        Which factors are propelling and restraining the Artificial Plants Market?

·        What are the demanding global regions of the Artificial Plants Market?

·        What will be the global market size in the upcoming years?

·        What are the crucial market acquisition strategies and policies applied by global companies?

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