Indoor Plants Market Size, Growth, Industry & Revenue | 2031

Report Description

The global indoor plants market size was USD 2065.61 Mn in 2022 and is likely to reach USD 3149.92 Mn by 2031, expanding at a CAGR of 4.8% during 2023–2031. The market growth is attributed to the rising demand for indoor plants in offices and residences.

Indoor plants are grown indoors in residences and offices or any other indoor premises. Common indoor plants are usually tropical or semi-tropical epiphytes, succulents, or cacti. Indoor plants need optimal moisture, light levels, soil mixture, temperature, and humidity to grow well. These plants purify the air, filter out indoor pollutants, and increase the humidity level indoors.

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Spider plants, snake plants, rubber plants, peace lilies, English ivy, and ferns are included in indoor plants for purifying the air and boosting oxygen levels. Tulsi plant also called holy basil is native to the Indian subcontinent and grows throughout Southeast Asia. Tulsi absorbs toxic pollutants from the air including carbon monoxide, carbon dioxide, and sulfur dioxide. Tulsi provides oxygen for 20 hours a day. 

Snake plant removes formaldehyde, nitrogen oxides, and xylene from the air. Poor-indoor quality is linked to many health-related issues including asthma and allergies. Thus, indoor plants are widely used to eliminate air pollutants, boost moods, increase creativity, and reduce stress. Plants clean the air through the photosynthesis process in which plants take in carbon dioxide and release oxygen.

COVID-19 Impact on Indoor Plants Market 

The research report finds that the COVID-19 pandemic hampered the tourism, hospitality, and leisure industry. Government put substantial efforts to safeguard public health by employing certain regulations. The pandemic caused lockdowns, work from home, and the government employed several restrictions. Thus, people were engaged in various activities such as gardening, cleaning, and performing domestic chores. Moreover, gardening helps people make feel more peaceful and content. Different types of herbs, vegetables, and flower plants are grown in pots. The demand and online shopping for various indoor plants were rising during the pandemic.

Indoor Plants Market Dynamics

The market research report presents a complete overview by providing a detailed analysis of the current market trends, existing drivers, growth opportunities, and emerging challenges. The global indoor plants market report offers up-to-date information about factors that can shape the market outcome or overall performance during the forecast period, 2022 to 2030.

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What are the Major Trends in the Global Indoor Plants Market?

Growing Trend of Indoor Farming and Terrace Farming

Indoor farming is done in a controlled environment using techniques including hydroponics, aquaponics, and aeroponics. Indoor farming and terrace farming is widely used to earn good returns. Terrace farming does not require large equipment as it is done on a flat terrace or at residential premises. Indoor and terrace farming is popular among people as it obtains more yield and safeguards plants from crop diseases and bad weather.

Which Factors Drive the Demand for Indoor Plants?

Rising Popularity of Indoor Plants as Interior Decoration

Indoor plants leaves and flowers are in different colors such as pink, white, and violet, and make them more popular for home decoration. The rising popularity of the indoor plant as a decorative element is anticipated to drive market growth during the forecast period. Moreover, indoor gardening is associated with several health benefits. People who are suffering from mental illnesses are advised to begin indoor gardening as horticultural therapy to improve feelings and release stress.

Which Factors Limit the Growth of the Indoor Plants?

Lack of Attention and Awareness Towards the Health of Indoor Plants

Watering plants too much affects the leaves and roots, as leaves turn yellow and rhizomes turn brown or black. Healthy plants have shiny dark leaves and their flowers are bright and their roots are pale. Moreover, sometimes people forget to water plants and this sends plants into shock. Plants start wilting as they cannot absorb enough water. Furthermore, fungi and molds grow in a shaddy place, where they do not get direct sunlight. Thus, a lack of attention and awareness towards the health of indoor plants is projected to hamper the market. 

What are the Growth Opportunities in the Indoor Plants Market?

Increasing Demand for Flowers and Ornamental Plants

The demand for flowers and ornamental plants is expected to create lucrative opportunities for market players. Flowers and ornamental plants decrease stress levels thus, they are used to decorate the home. Flower and plant breeding decrease the production cost, increase the yield, and needs low maintenance. Plant breeding is widely used by several plants and flower production centers.

Plant breeding is employed to produce plants that are useful to humans. Research programs are conducted on plant breeding to increase economic productivity yield. The breeding project starts with the flowers as it has various beneficial components for the consumer. These components are enhanced and improved through research and traditional techniques. Flower breeding is done by selecting two flowers of the same species with different traits.

Scope of Indoor Plants Market Report

The global indoor plants market research report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Indoor Plants Market Segment Insights

What are the key factors driving the low-light plants segment?

Rising Popularity of Low-Light and Low-Maintenance Indoor Plants

On the basis of types, the global indoor plants market is segmented into shade-loving plants, low-light plants, and high-light plants. The low-light plants segment is projected to expand at a considerable CAGR during the forecast period, as these plants are grown in minimum light, and require negligible maintenance. Low-light indoor plants include parlor palm, bromeliad guzmania, IVY, ponytail palm, and watermelon peperomia.

The shade-loving plants segment is anticipated to account for a major market share during the forecast period. Shade-loving plants are called sciophytes and grow in shaded habitats. Paperplant, shell ginger, lady fern, foxtail fern, blue lilyturf, and boston fern are all included in shady-plants.

What are the key factors driving the succulent plants segment?

Growing Importance of Succulent Plants to Purify Indoor Air Quality

Based on products, the market is divided into succulent plants, herbaceous plants, woody plants, and hydroponic plants. The succulent plant segment is expected to hold a significant share of the market in the coming years. Succulant plants are used in home decoration and to improve indoor air quality. These plants absorb volatile organic compounds & other pollutants by releasing oxygen. 

The herbaceous plants segment accounts for a significant market share. Herbaceous plants have no persistent woody stem above ground. Many vegetables, flowers, and houseplants are herbaceous. Herbaceous plants are easy to grow and require infrequent watering. 

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What are the key factors driving the air purification segment?

Increasing Need for Indoor Air Purification

On the basis of applications, the global indoor plants market is segregated into air purification and home decoration. The air purification segment is anticipated to expand at a substantial CAGR during the forecast period, owing to rising level of indoor air pollution. Indoor plants are widely used to purify the air and filter out indoor pollutants. Florist’s chrysanthemums or mums are widely used to purify indoor air as it is shown to eliminate common toxins and ammonia.

The home decoration segment is expected to hold a significant share of the market. Many plants are used to decor indoors, as they boost moods, reduce stress, and fatigue. Empty corners are filled with indoor plants and one can decorate a railing.  

Why is the demand for indoor plants high in Asia Pacific?

Rising Disposable Income and Awareness of the Benefits

In terms of regions, the global indoor plants market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to dominate the market during the forecast period, owing to rising disposable income and rising awareness about the benefits of indoor plants in the region. Furthermore, continuous stress among the young population, due to various reasons in the region drives the market growth. Additionally, a variety of indoor plants is expected to propel the market expansion, in the coming years.

The market in Europe is anticipated to expand at a rapid pace during the forecast period, as it is the prominent producer and exporter of indoor plants. Moreover, US is anticipated to experience high demand in North America region, due to the increasing consumer awareness.

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