Flower Pots & Planters Market Global Opportunity Analysis And Industry Forecast 2020 -2030

The global Flower Pots & Planters market was valued at USD 978.7 million in 2020 and is expected to reach USD 1.5 billion by 2030, growing at a CAGR of 4.3% from 2021 to 2030.

Planters are containers used to grow and display small plants and flowers in homes and other settings. They are predominantly used as decorative items in domestic and commercial spaces to enhance the beauty and aesthetic appearance of bedrooms, home gardens, and front spaces of homes and offices.

Surge in adoption of vertical gardens, demand for houseplants in households, and increase in spending on home décor products are likely to drive the growth of planters market over the forecast period. Rapid urbanization has led to shrinking of living spaces and the use of vertical gardening has addressed the space constraints faced by conventional gardening. Moreover, consumer inclination towards residential interiors is expected to drive the demand for planters. Indoor plants are gaining popularity among millennials and are considered to improve mental and physical health, reduce stress, and enhance home aesthetics.

Consumer lifestyle is improving significantly due to increase in disposable income and the demand for planters is on the rise, these products enhance the aesthetics of the home and home gardens and have become an integral part of the modern lifestyle and are expected to offer potential growth opportunities for the players operating in the global planters market.

By product type, plastic planters market size contributed the most at USD 328.1 million in 2020 and is expected to reach USD 479.6 million by 2030, growing at a CAGR of 3.6% during the forecast period. Plastics such as polypropylene, low-density polyethylene (LDPE), high-impact polystyrene (HIPS), and high-density polyethylene (HDPE) are used as raw materials for the production of planters. Plastics are low cost, easily available, durable, lightweight, and easy to transport; moreover, plastic planters are recyclable and reusable and easy to add functional designs, thereby boosting their sales globally.

Regionally, North America accounted for the highest market share in 2020 and is expected to maintain its share throughout the planter market forecast period. Gardening is gaining popularity in North American countries. According to a study by Article and OnePoll 2020, 66% of households in North America have at least one houseplant. Article and OnePoll's survey further indicates that an estimated 27% (33.1 million) of U.S. households engage in active indoor plant gardening. Additionally, Millennials are increasingly interested in gardening, spending their time buying plant seeds and engaging in gardening activities. According to a poll conducted by U.S.-based supplier Bonnie Plants, more than 20 million Americans will start gardening for the first time in 2020, resulting in increased sales of planters. Overall growth in the gardening culture among North American consumers is expected to contribute to the growth of planters market share.

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