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.
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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.
The flower pots and planters product type market is segmented into plastic, ceramics, wood, and others. Among this segment, the plastic segment is anticipated to capture a market share of 62.5% in 2018. The market value of global flower pots and planters market for plastic segment is expected to rise at a CAGR of 2.7% over the forecast period. Further, the global flower pots and planters market for plastic segment is expected to reach USD 1,321.8 Million by the end of 2024. A number of usage benefits associated with plastic pots & planters such as light weight, cost benefits and ease of handling are bolstering the growth of this segment worldwide. In addition to this, global flower pots and planters market for plastic segment value is projected to witness a Y-O-Y growth of 3.5% in 2024 as compared to previous years.
Moreover, based on application, the flower pots and planters market is further sub segmented into home decorates, commercial, municipal construction, and horticulture. Among this segment, horticulture segment is expected to grow at a CAGR of 2.9% over the forecast period i.e. 2019-2024. The global flower pots and planters market for horticulture segment is expected to reach USD 1,379.6 Million by the end of 2024 from USD 1,169.3 Million in 2018.
Geographically, the report offers analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In flower pots and planters market, North America is projected to capture a large market share over the forecast period. North America flower pots and planters market is expected to reach USD 835.6 Million by the end of 2024 from USD 727.9 Million in 2018. The market value of North America flower pots and planters market is expected to rise at a CAGR of 2.5% over the projected period.
The report also covers detailed competitive analysis of major market players of global flower pots and planters market, such as The HC Companies, T.O. Plastics, East Jordan Plastics Inc., Pöppelmann GmbH & Co. KG, Keter Plastic, Nursery Supplies Inc., Landmark Plastic Corporation, Anderson Pots, Garant GP, Elho and others key players. The flower pots and planters market is witnessing a wide range of industry activities such as product launch, acquisition, partnership and expansion across the globe. For instance, in January 2018, The HC Companies launched 4.5" Square Quick Lock Pot and 6" Azalea Pot, designed exclusively for the greenhouse market.
By Product Type:
- Home Decorates
- Municipal Construction
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
The report profiles various major market players such as
• The HC Companies
• T.O. Plastics
• East Jordan Plastics Inc.
• Pöppelmann GmbH & Co. KG
• Keter Plastic
• Nursery Supplies Inc.
• Landmark Plastic Corporation
• Anderson Pots
• Garant GP
• Other Major & Niche Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities).
The study also provides company’s positioning and market share in flower pots and planters market.
Timeline Considered for Analysis:
- 2018: Base Year
- 2019: Estimated Year
- 2019 to 2024: Forecast Period
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global flower pots and planters market by the following segments:
- Product Type
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Flower Pots and Planters Industry Report
• What is the overall market size in 2018? What will be the market growth during the forecast period i.e. 2019-2024?
• Which region would have high demand for product in the upcoming years?
• What are the factors driving the growth of the market?
• Which sub-market will make the most significant contribution to the market?
• What are the market opportunities for existing and entry-level players?
• What are various long-term and short-term strategies adopted by the market players?