Artificial Plants and Flowers Market Size in the US to Grow by USD 369.08 million | Technavio

Key Market Dynamics:

• Market Driver
• Market Challenges

The growing use of artificial plants and flowers for decorative and aesthetic purposes is driving the growth of the artificial plants and flowers market in the US. The quality of artificial flowers has improved significantly in the past few years, and they look almost like real flowers. In addition, people are increasingly investing in gardening, landscaping, and interior decoration in the US, which is playing a major role in the growth of this market. The growing domestic and housing property market in the US has also led to an increase in the demand for artificial plants and flowers in the landscaping industry in the US. Factors such as the growing disposable income of households, availability of several varieties of artificial plant options, and the increasing demand for enhancing outdoor aesthetics in the US will continue to play key roles in market growth.

The volatility in raw material prices will challenge the artificial plants and flowers market in the US during the forecast period. Some commonly used raw materials include plastic, polyester, cotton, glass, silk, and others. Price volatility of polyester is one of the key challenges faced by manufacturers of artificial plants and flowers in the US. Plastic products used in manufacturing artificial plants and flowers are mainly derivatives of crude oil products. Fluctuations in crude oil prices create an adverse impact on the prices of raw materials.

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Market Segmentation

By end-user, the market has been segmented into commercial and residential. The commercial segment will have significant market share growth during the forecast period. This segment includes outdoor landscaping establishments, public parks, amusement parks, tech parks, government buildings, sports grounds, and other commercial establishments. The US is experiencing a significant increase in the number of office spaces and the emergence of startups. This will encourage vendors of artificial plants and flowers to expand their product portfolio

By distribution channel, the market has been segmented into offline and online.

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Some Companies Mentioned

• Charles Lubin Co. Inc.
• Inter IKEA Holding BV
• JamaliGarden
• M and S Schmalberg Inc.
• Natural Decorations Inc.
• Nearly Natural
• New Growth Designs
• Pacific Silk Plants
• Petals.com
• Dongyi Artificial Plants Co. Ltd.

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Key Topics Covered:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2020
• Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

• Five Forces Summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by End-user

• Market segments
• Comparison by End user
• Commercial - Market size and forecast 2020-2025
• Residential - Market size and forecast 2020-2025
• Market opportunity by End user

Market Segmentation by Distribution channel

• Market segments
• Comparison by Distribution channel
• Offline - Market size and forecast 2020-2025
• Online - Market size and forecast 2020-2025
• Market opportunity by Distribution channel

Customer landscape

• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Charles Lubin Co. Inc.
• Inter IKEA Holding BV
• JamaliGarden
• M and S Schmalberg Inc.
• Natural Decorations Inc.
• Nearly Natural
• New Growth Designs
• Pacific Silk Plants
• Petals.com
• Dongyi Artificial Plants Co. Ltd.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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SOURCE Technavio