Artificial Flowers Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030
Page: 215 | Report Code: CG231123 | Research Suite: Report (PDF) & Market Data (Excel)
The global market value of artificial flowers market was USD 1.4 billion in 2022, and CAGR of 4.5% is expected during the forecast period. Artificial floors have various applications such as in decoration, Theatric and Film production, Memorial and Grave décor, for educational purposes, crafts and DIY projects, in fashion, and long term display. These are mostly suitable for that area, where flowers don’t survive; several factors contribute to the growth of artificial flowers market. Artificial flowers offer longevity in comparison to real flowers, making them a cost effective choice for decorations and events. Improved manufacturing techniques result in artificial flowers that closely resemble real ones, appealing to a broader market.
Impact
of Covid-19
The covid-19 outbreak has significantly affecting the market
growth, Governments worldwide imposing social distancing policies, lockdowns,
and other restrictions to decrease the spread of the virus. As a result people
had to cancel out wedding events, parties, and social get-together. But in
post-covid phase, people due to rustiness, and unnecessary rest at home, wanted
to involve themselves in some leisure activity, and for the decorative
purposes, and all the use of artificial flowers were again increased.
Growth
Drivers
Increasing
need for indoor and outdoor decoration material
Rising
demand for innovative products to increase the product demand
Artificial or fake flowers are widely used in café, hotels,
restaurants, and corporates. Furthermore these products are increasingly
employed at retail stores. In addition the growing interior design, and home
decoration trend due to rising disposable income is driving the growth of the
market significantly. The betterment in living standard is driving the growth
of this market. Artificial flowers are also ideal as gift items, as they are
available in various categories including rose, Lillie, and tulips.
Improved manufacturing techniques result in artificial
flowers that closely resemble real ones is driving the growth of the market.
Increased demand from various industries like hospitality, event management,
interior decoration, and retail drives the growth of the market. With growing
environmental consciousness, the reusability of artificial flowers make them an
automatic choice is driving the growth. Availability of wide range of colors,
styles, and materials allow for customization to suit different preferences,
and design need. No watering or special care required, making them convenient
for both commercial, and residential purposes.
Segmentation
By
Material
·
Polyester
·
Plastic
·
Paper
·
Silk
·
Nylon
·
Others
By
Application
·
Residential
·
Commercial
By
Distribution Channel
·
Online
·
Offline
Regional
Outlook
·
Asia Pacific
·
North America
·
Lin America
·
Europe
·
Middle East and Africa
Artificial
Flowers by Material Segmentation
On the basis of materials, the artificial market is segmented into Polyester, Plastic, Paper, Silk, Nylon, and others. The polyester segment was the leading one in 2022, due to its durability, cost-effectiveness, and easy to use property. On the other hand plastic flowers are worldwide popular, and they are well-known for their water resistant properties. People being well aware of the threat of pollution is taking care of the excess use of plastic flowers and its wastage. Nylon flowers are expected to drive the growth of the market during the forecast period. Nylon flowers are well-known for their aesthetic appeal, and close resemblance to natural flowers.
Artificial
Flowers by Application Segmentation
On the basis of application, the artificial flower market is
segmented into commercial, and residential. The rising product adoption, is the
key reason behind the acceptance, and dominance of commercial segment during
the forecast period. Rising product adoption of most notably the rose, and
tulip, in commercial settings, such as corporate, hotels, and shops, and their
increasing application of decorative purposes. The residential segment is
driven by the fact that, people all around the world are having more disposable
income than in the past, and increasing inclination of people towards home
decoration is driving the growth of the market significantly.
Artificial
Flowers by Distribution Channel Segmentation
On the basis of distribution channel, the market is
segmented into offline, and online. Offline segment is expected to hold the
largest market share during the forecast period, due to easy availability of
products, increasing number of offline physical outlets, and easy accessibility
is driving the growth of offline market significantly. Supermarkets/Hypermarkets,
and retail consumer stores are easily accessible, and they are widely
increasing the availability of artificial flowers. Online Segment is expected
to grow at the fastest rate due to people inclination towards online-shopping,
and increasing inclination towards e-commerce platforms with rising disposable
income.
Regional
Outlook
On the basis of regions, the artificial flower market is
segmented into 5 parts: Asia Pacific, North America, Latin America, the Middle
East and Africa, and Europe. Europe emerged as the most prominent market in
2022. Accelerating product adoption in hotels and cafes is driving the growth
of the artificial flower market. The growth in the hospitality sector in
European countries like Germany, France, England, Russia, Sweden, Denmark, and
Norway is growing the demand for artificial flowers. Key players from countries
like Sweden and the Netherlands are playing a major role in the growth of the
market.
Asia Pacific, due to rapid urbanization and
industrialization, is driving growth in the artificial flower market. The
rising consumer adoption of urban lifestyles and increasing consumer spending
on decorative items are driving the growth of the market. The urban population
in India is expected to reach 675 million in 2035 from 483 million in 2020, and
approximately 43% of the country’s population is expected to shift to the
cities by that time.
The rising living
standard and increase in disposable income of people in North America are also
driving the growth of the market. The United States is a very popular and big
market for artificial flowers.
Key
Players
·
SG Silk Flower Limited
·
Oriental Fine Art Company Limited
·
Tree Locate Europe Limited
·
NGAR TAT Production Fty. Ltd.
·
Xuzhou Pleasant Arts Flower Company
Ltd.
·
FRS Holding S.R.L.
·
Foshan Tongxin Artificials flower co.
ltd.
·
Diane James Design INC.
·
Dongguan Fusheng Arts Product co. ltd.
·
Artificial flower factory
·
Other Players
Global Artificial Flowers Market research report presents a
strategic analysis of the global Artificial Flowers Market and a forecast for
its development in the medium term, taking into account the impact of COVID-19
on it.
This report delivers market size, regional and country
market data, segmentation growth, market share, competitive landscape,
company’s Artificial Flowers revenue analysis, strategies of domestic and
global market players, opportunities analysis, strategic market growth
analysis, and technological innovations. It analyses historical and current
market data to accurately gauge its future growth potential. This market report
provides in-depth analysis and insight of market drivers, challenges, trends
& opportunities. At the same time, comprehensive coverage of major vendors
(recent product development & industrial activities, company overview,
insights on business strategy & financial performance, company SWOT
analysis) is provided to give competitive overview. This study presents most
detailed (COVID-19 updated) and in-depth analysis about the global Artificial
Flowers market, covering all global regions and countries. The report provides
intricate dynamics for each of the countries covered, offering unmatched value,
accuracy and expert insights.
Report
Purpose
The purpose of the report is to portray the state of the
global Artificial Flowers Market and to present real and expert-verified data
and insights about the market values, volumes, dynamics, segmentation and
prices. It also offers forecast for the market development in the short and
medium term and the impact COVID-19 has and will have on it. Further, it covers
in-depth analysis of the key market players, industry trends and insights,
growth drivers and challenges and all other factors, influencing the growth of
market.
Scope
of the Report
The
report on the global Artificial Flowers Market presents:
·
Historical Data: Market data including
volume, growth rate, value, and dynamics; Market segmentation (by product, by
region and by country; etc.) for the last five years;
·
Strategic Insights for companies
looking to launch new products to diversify their business, exploring leading
countries to establish supply chain, and top countries to increase company export
and go global
·
Comprehensive Regional Market Data:
volume, growth rate, value, market share and dynamics of for the last five
years (broken down by region);
·
Market Dynamics: Analysis of the
factors impacting the market including demand drivers, industry trends and
challenges and the short and the medium-term impact of COVID-19 presently and
in near future;
·
Analysis and forecast for the global
economy and demographics;
·
Supply chain and value chain analysis,
risk analysis of supply side and demand side;
·
Market Forecast for next ten years
(market share, year-on-year growth, volume, value and segmentation by region);
·
Company profiling of key market players
covering company’s Artificial Flowers revenue, sales and market share;
·
Comprehensive coverage of competitive
landscape offering market positioning and snapshot of key business strategies;
·
Porter’s Five Forces analysis;
How Can
You Benefit from This Report?
In this
report you can:
·
Track and identify key market trends
and insights and key drivers behind recent market changes and see the impact
COVID-19 has and will have on the market in both the short and the medium term;
·
Get access to reliable and verified
market data, with which aids you to make confident business decisions;
·
Analysis of market numbers, such as
volume, value, forecasts, dynamics, segmentation and market structure – past,
present and future;
·
Gain competitive intelligence about the
market at low cost as compared to other reports;
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Understand growth potential countries
and regions, opportunities, growth drivers and barriers on the market;
·
Own data spreadsheet for comparison at
global, regional and for individual country, covered in the report;
·
Analyse countries with highest and
lowest demand for Artificial Flowers and countries in each region which will
grow at highest growth in next five years.
·
Strategically plan business strategy
based on verified market data and expert insights;
·
Identify revenue generation
opportunities in the countries and regions within the market;
·
Get market trend data of last 10 years
and how market growth will unfold in next ten years;
·
Market share analysis and positioning
of leading market players;
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intensity, fragmentation and environment and understand competitive threats;
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What
Kind of Decisions You Can Make Based on the Data in This Report?
This
report detailed and all-inclusive data on Artificial Flowers Market, providing
valuable support to make vital decisions regarding:
·
Strategic planning;
·
Industry analysis;
·
Target Market/Marketing and sales;
·
Regional and country assessment and
opportunity analysis;
·
Market entry into new product group or
country;
·
Pricing of existing and new products;
·
New product development and Innovation
in existing products;
·
Supply chain management;
·
Market evaluation;
·
Mergers, Expansions, Joint Ventures and
acquisitions.
Who Is
This Report for?
This
report is intended to give broad overview of market to people who already are
working on this market:
·
C-suite Level executives;
·
Directors;
·
Industry strategists;
·
Marketing professionals;
·
Business development professionals;
·
Product developers;
·
Product marketers and strategists;
·
Product managers;
·
Project managers;
·
Suppliers;
· Traders;
This
report also caters to people who are not involved in the market,
representatives of investors, consultants, advisors and financial institutions:
·
Management consultants;
·
Investment managers;
·
Financial professionals;
· M&A managers.
Regional
Coverage
The report on the global Artificial Flowers Market breaks
down the world into the following regions & countries and covers every
single one of them:
Report
Customization
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