Indoor Plants Market Size & Growth Analysis to 2030

The global indoor plants market size is expected to grow at a significant CAGR of around 5% during the forecast period from 2023 to 2030. The growing popularity of indoor gardening and home decor, increasing awareness about the benefits of indoor plants on health and well-being, and the rising trend of urbanization and the need to combat indoor air pollution are some of the major driving factors for the indoor plants market. Moreover, the easy availability of indoor plants through online and offline channels and the increasing adoption of e-commerce platforms for buying indoor plants are also contributing to the growth of the market. Additionally, the growing focus on sustainable and eco-friendly lifestyles and the rising demand for low-maintenance plants that require less care and attention are further driving the market growth.

Driving Factors:

Increasing awareness of the health benefits of indoor plants: Indoor plants are known to improve air quality, reduce stress, boost productivity, and even enhance cognitive function. As people become more health-conscious, the demand for indoor plants as a means of improving indoor air quality and overall well-being has increased.

Growing interest in urban gardening and sustainable living: As more people move into urban areas, there has been a growing interest in urban gardening and sustainable living. Indoor plants provide an easy and convenient way to bring greenery into small living spaces, and they can also help to improve the overall aesthetic of the space.

Rising demand for eco-friendly products: With the growing concern over climate change, consumers are increasingly looking for eco-friendly products that are sustainable and environmentally friendly. Indoor plants are a natural and sustainable way to improve indoor air quality and add greenery to indoor spaces.

Increased availability of indoor plants: With the rise of e-commerce and online shopping, it has become easier to purchase indoor plants and have them delivered directly to your doorstep. This has made indoor plants more accessible to consumers, leading to an increase in demand.

Growing popularity of interior design and home decor: Indoor plants are not only known for their health benefits, but also for their ability to enhance the aesthetic appeal of indoor spaces. With the growing popularity of interior design and home decor, there has been an increased demand for indoor plants as a means of adding color, texture, and life to indoor spaces.

Market Attributes:

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Market Insights:

Global Indoor Plants Market Analysis by Type

The global indoor plants market is bifurcated into succulents, ferns, foliage plants, flowering plants, and others. The foliage plants are the most popular type of indoor plants due to their low maintenance, high air-purifying qualities, and versatility in adapting to different lighting conditions. Additionally, succulents have gained significant popularity in recent years due to their unique and attractive appearance, as well as their low-water requirements and durability.

Succulents: These are plants that store water in their leaves, stems, and roots, making them a low-maintenance option for indoor gardening. They come in various shapes, sizes, and colors, and are often used for home décor and landscaping purposes.

Ferns: Ferns are a popular type of indoor plant that is known for their delicate and feathery fronds. They are available in a range of colors and sizes, and are often used for hanging baskets or as decorative plants in living rooms, bedrooms, and offices.

Foliage Plants: Foliage plants are characterized by their leaves, which are often variegated or brightly colored. They are available in a variety of shapes and sizes, and are often used as indoor plants for their air-purifying qualities and aesthetic appeal.

Flowering Plants: Flowering plants are a popular choice for indoor gardening, as they add color and fragrance to any room. Some of the common flowering plants used for indoor gardening include orchids, African violets, and peace lilies.

Others: Other types of indoor plants include cacti, bonsai trees, and herbs, among others.

Global Indoor Plants Market Analysis by Application

On the basis of application, the global indoor plants market is bifurcated into residential, commercial, institutional, and others. The residential and commercial applications are likely to be significant segments in the indoor plants market. Residential applications of indoor plants include home decor and air purification, with many people purchasing indoor plants to improve the aesthetics of their living spaces and to promote healthy indoor air quality. Commercial applications include indoor landscaping and decor for businesses, which can enhance the appearance and atmosphere of an indoor environment, and also provide health benefits to employees and visitors. Institutional applications of indoor plants can include their use in hospitals, schools, and other public spaces to improve indoor air quality and promote a calming atmosphere.

Residential: This segment includes the use of indoor plants in residential spaces such as apartments, houses, and villas. Indoor plants are used in such spaces for their aesthetic value and to improve indoor air quality.

Commercial: This segment includes the use of indoor plants in commercial spaces such as offices, shopping malls, hotels, and restaurants. Indoor plants are used in such spaces for their aesthetic value and to create a more pleasant and relaxing environment for customers and employees.

Institutional: This segment includes the use of indoor plants in institutions such as hospitals, schools, and universities. Indoor plants are used in such spaces for their ability to improve indoor air quality and create a more pleasant and calming environment.

Others: This segment includes the use of indoor plants in other applications such as public spaces, event venues, and transportation hubs.

The indoor plants market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.

Historical & Forecast Period

• 2020-21 – Historical Year
• 2022 – Base Year
• 2023-2030 – Forecast Period

Market Segmentation:

By Type:

• Succulents
• Ferns
• Foliage Plants
• Flowering Plants
• Others

By Application:

• Residential
• Commercial
• Institutional
• Others

By Distribution Channel:

• Hypermarkets/Supermarkets
• Specialty Stores
• Online
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Geographic Coverage

On the basis of region, North America is estimated to have a dominant share due to the increasing demand for indoor plants for home decor and air purification purposes. Moreover, the growing trend of urbanization and the rise in consumer awareness towards environmental benefits of indoor plants are also driving the market growth in this region.

Europe is another dominant region in the indoor plants market due to the high demand for indoor plants for decorative purposes, especially during festivals and celebrations. Additionally, the increasing awareness about the health benefits of indoor plants, such as stress reduction and improved air quality, is also driving the market growth in this region.

Asia Pacific is expected to have significant growth in the indoor plants market due to the increasing urbanization and rising disposable income of consumers. The growing trend of urban gardening and the increasing demand for indoor plants in commercial spaces, such as offices and hotels, are also driving the market growth in this region.

Competitive Assessment

Some major market players operating in the global indoor plants market are Costa Farms, Ambius, The Sill, Rocket Farms, and Scotts Miracle-Gro Company. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• Costa Farms
• Ambius
• The Sill
• Rocket Farms
• Scotts Miracle-Gro Company
• Floricoltura Zardi
• Cactus Shop
• Rentokil Initial plc
• Foliage Indoor Plant Hire
• FoxFarm Soil & Fertilizer Company

Key Questions Answered by Indoor Plants Market Report

• Global indoor plants market forecasts from 2023-2030
• Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
• Indoor plants submarket forecasts from 2023-2030 covering the market by type, application, distribution channel, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level indoor plants markets from 2023-2030
• Competitive Landscape and market positioning of top 10 players operating in the market