The Global Indoor Plants Market Size accounted for USD 16.2 Billion in 2022 and is estimated to achieve a market size of USD 30.4 Billion by 2032 growing at a CAGR of 6.6% from 2023 to 2032.
Indoor Plants Market Highlights
Indoor are plants that are grown and kept in buildings, usually for decorative purposes. These plants come in different shapes, sizes and types from small succulents to large palm trees. In recent years, indoor plants have become increasingly popular due to their ability to improve air quality and reduce stress. Research has shown that indoor plants can clean the air by absorbing harmful pollutants and toxins, making them natural air purifiers.
In addition to their ability to clean the air, indoor plants are also used for their aesthetic value. They can add greenery and life to any room, making it more inviting and calming. Indoor plants can be placed on tables, shelves, or hung from the ceiling, making them versatile decorative objects that can be used in any room.
As for placement, indoor plants need bright, indirect light, so they should be placed near a window or in a well-lit room. It is also important to avoid placing plants near vents or streams, as this can dry out the soil and damage the plant. As with any interior design product, the placement of indoor flowers can have a significant impact on the overall look and feel of a room.
Global Indoor Plants Market Dynamics
Indoor Plants Market Report Coverage
|Market||Indoor Plants Market|
|Indoor Plants Market Size 2022||USD 16.2 Billion|
|Indoor Plants Market Forecast 2032||USD 30.4 Billion|
|Indoor Plants Market CAGR During 2023 - 2032||6.6%|
|Indoor Plants Market Analysis Period||2020 - 2032|
|Indoor Plants Market Base Year||2022|
|Indoor Plants Market Forecast Data||2023 - 2032|
|Segments Covered||By Type, By Product, By Application, And By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||Costa Farms, The Sill, 1-800-Flowers.com, Bloomscape, UrbanStems, Terrain, Plantshed, ProFlowers, PlantX, Léon & George, FTD, and The Bouqs Co.
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis|
Indoor Plants Market Insights
The indoor plants market has encountered huge development lately, determined by different variables. The growing awareness of the health benefits of indoor plants, such as purifying the air and reducing stress, is one important driver. Indoor plants are a natural air purifier because they absorb harmful pollutants and toxins, as demonstrated by studies. Additionally, it has been demonstrated that the presence of plants in indoor settings decreases stress and boosts well-being as a whole.
The rising demand for products that are sustainable and friendly to the environment is another factor driving the expansion of the market for indoor plants. Since more people are looking for ways to reduce their impact on the environment, indoor plants are a natural and sustainable alternative to more conventional decor items. Indoor plants are also a great way to incorporate biophilic design, which aims to bring nature indoors and create a more natural and calming environment.
The development of technology also contributed to the growth of the market of domestic plants. New lighting and irrigation systems have made it easier to grow and care for indoor plants, while Succulent Plants stores and delivery services have made it easier for consumers to buy and receive plants. In addition, the growth of the urban population and the lack of outdoor green spaces have led many people to bring nature indoors, which increases the demand for indoor plants.
Notwithstanding, there are likewise a few restrictions and difficulties confronting the indoor plants market. Growing and maintaining indoor plants can be challenging for some customers due to the high maintenance requirements of some plants and the limited availability of certain varieties. Additionally, the threat posed by pests and diseases of plants can harm their health and decrease demand.
Indoor Plants Market Segmentation
The worldwide market for indoor plants is split based on type, product, application, and geography.
Indoor Plants Types
Shade-loving plants, also known as low-light plants, are well-suited for indoor environments with limited access to natural light, according to an analysis of the indoor plants industry. These plants can thrive in rooms with windows facing north or in areas shaded by larger plants or furniture because they typically require indirect or filtered sunlight. Pothos, peace lilies, and other shade-loving indoor plants are just a few examples.
Due to their versatility and ease of maintenance, low-light plants have gained popularity in recent years. These plants are frequently chosen for their capacity to purify the air and improve interior design. To meet customer demand, numerous retailers and nurseries offer a wide range of shade-loving plants.
High-light plants, on the other hand, thrive in bright, indirect light or direct sunlight. These plants are popular choices for indoor gardens and decor due to their distinctive foliage and vibrant blooms. A few well known high light indoor plants incorporate succulents, orchids, and blossoming plants like begonias and African violets.
Indoor Plants Applications
Air purification is a significant application for indoor plants, as many plants are known to effectively remove pollutants and toxins from the air, helping to improve indoor air quality. This application has become increasingly popular in recent years, as consumers have become more aware of the negative effects of indoor air pollution on their health. Some popular air-purifying indoor plants include snake plants, spider plants, and peace lilies.
Home decoration is another important application for indoor plants. Many consumers purchase plants for their aesthetic value and to enhance the overall ambiance of their indoor spaces. Indoor plants can add color, texture, and natural beauty to a room, making them popular choices for home decor. Some popular decorative indoor plants include succulents, ferns, and orchids.
Indoor Plants Products
According to the indoor plants market estimate, succulent plants are one such plant type that has acquired huge notoriety as of late. Because these plants can store water in their leaves, they are ideal for low-humidity indoor environments and easy to care for. Succulents arrive in various shapes and sizes, and their remarkable structures and surfaces settle on them as well-known decisions for home style.
Herbaceous plants, which incorporate blooming and non-blossoming plants, are one more famous item in the indoor plants market. These plants are popular choices for indoor gardens and decor due to their attractive foliage or vibrant blooms.
In the market for indoor plants, woody plants, such as trees and shrubs, are also popular. Although they require more upkeep and care than herbaceous or succulent plants, these plants make an interesting and striking addition to indoor spaces. Palms, ficus trees, and rubber plants are among the most well-liked woody indoor plants.
At long last, tank-farming plants are a developing pattern in the indoor plants market. Artificial lighting and nutrient-rich water are used to support the growth of these plants, which are grown without soil. Hydroponic plants are a popular choice for urban gardeners and people who want to grow fresh herbs and vegetables in small spaces because they can be grown indoors year-round.
Indoor Plants Market Regional Outlook
The Middle East & Africa
Indoor Plants Market Regional Analysis
According to the indoor plants market analysis The Asia-Pacific region is the leading market in the world. This is being driven by several factors, including rising levels of air pollution in urban areas, growing interest in eco-friendly and sustainable living, and increasing awareness of the health benefits of indoor plants. Additionally, the region's large and growing population, rising disposable income, and changing consumer preferences are all expected to contribute to the growth of the indoor plants market.
North America and Europe are expected to experience the significant growth in the indoor plants market in the coming years, with the United States and Germany being the largest markets in the respective regions.
Indoor Plants Market Players
Some of the top indoor plants companies offered in our report include Costa Farms, The Sill, 1-800-Flowers.com, Bloomscape, UrbanStems, Terrain, Plantshed, ProFlowers, PlantX, Léon & George, FTD, and The Bouqs Co.
In 2021, Bloomscape announced a new partnership with Target, a major retailer in the United States. The partnership involves Bloomscape offering a curated selection of its indoor plants through Target's online store and select brick-and-mortar locations, making it easier for customers to access high-quality indoor plants.
In 2020, 1-800-Flowers.com acquired PersonalizationMall.com, an online retailer that specializes in personalized gifts and home decor. This acquisition allows 1-800-Flowers.com to expand its product offerings beyond flowers and plants, and to offer a wider range of personalized gifts and home decor items.
The market size of indoor plants was USD 16.2 Billion in 2022.
The CAGR of indoor plants is 6.6% during the analysis period of 2023 to 2032.
The key players operating in the global market are including Costa Farms, The Sill, 1-800-Flowers.com, Bloomscape, UrbanStems, Terrain, Plantshed, ProFlowers, PlantX, Léon & George, FTD, and The Bouqs Co.
Asia-Pacific held the dominating position in indoor plants industry during the analysis period of 2023 to 2032.
North America region exhibited fastest growing CAGR for market of indoor plants during the analysis period of 2023 to 2032.
The current trends and dynamics in the indoor plants industry include rising demand for eco-friendly and sustainable products, growing interest in biophilic design, which incorporates natural elements into indoor spaces, and advancements in technology, making it easier to grow and care for indoor plants.
The shade-loving plants type held the maximum share of the indoor plants industry.