Artificial Plants Market Summary
As per Market Research Future Analysis, the global artificial plants market was valued at USD 0.82 billion in 2023 and is projected to grow to USD 1.51 billion by 2032, with a CAGR of 4.18% from 2024 to 2032. The growth is driven by the increasing demand for artificial plants and advancements in product design and technology. The market is significantly influenced by trends such as the rising popularity of artificial flower jewelry and the adoption of fire-retardant and waterproof artificial plants for safety and durability in various settings.
Key Market Trends & Highlights
Key trends driving the artificial plants market include:
- The artificial plants market is expected to reach USD 1.51 billion by 2032.
- The whole plants & trees segment held the majority share in 2022.
- Silk is projected to be the fastest-growing material type during 2022-2030.
- The residential segment dominated the market in 2022 and is expected to grow faster.
Market Size & Forecast
2023 Market Size | USD 0.82 Billion |
2024 Market Size | USD 1.18 Billion |
2032 Market Size | USD 1.51 Billion |
CAGR (2024-2032) | 4.18% |
Major Players
Key companies include The Green House (India), Treelocate Ltd. (UK), Sharetrade Artificial Plant and Tree Co. Ltd. (China), International Plantworks (US), Nearly Natural (US), and others.