Global Indoor Plants Market to record substantial growth over 2020-2026

July 10, 2020

According to the research report titled ‘Global Indoor Plants Market Size study with COVID-19 impact, by Type (Shade-loving plants, Low light plants, High light plants), by Application (Absorb harmful gases and Release oxygen, Landscape decoration) and Regional Forecasts 2020-2026’, available with Market Study Report LLC, global indoor plants market is projected to witness substantial growth over 2020-2026.

Indoor or household plants are typically grown in offices and houses, primarily used for decorative purposes, are now also being employed to enhance the indoor air quality. Succulents, epiphytes, and cactus are some common plants found indoors. They help remove pollutants, keep the air pure, and decrease the rate of air pollution indoors, which in turn is boosting the growth of global indoor plants market. These plants do need fertilizers and pots to sustain. Various care routines such as potting, pest control, soil mixture, fertilizers, humidity, light, temperature, and moisture need to be kept in mind while keeping these plants in offices or houses.

With the drastic rise in coronavirus cases, governments across the globe have imposed stringent regulations on the movement of goods & services and people. These restrictions have a negative impact on indoor plants demand, thus impeding the market growth.

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Though, improving standard of living, increasing air pollution especially in metro cities, and introduction of new collection of indoor plants by leading contenders are the key factors which will contribute to the market expansion over the anticipated timeline.

Leafy Palo Alto, one of the major players in global indoor plants market, introduced fresh collection of indoor plants in June 2019. These plants are suited for gifting and decorative purpose. Another leading firm, Tesco, launched brand-new collection of indoor tomato plant with an intention to enable people living in urban areas to grow their own vegetables with no need for having a garden. Such initiatives by market players are likely to fuel the market growth through 2026, cites the research document. However, issues with fungus and molds due to unsuitable light is one of the major factors restraining the indoor plants market growth.

Based on type, the market is categorized into high light plants, low light plants, and shade-loving plants. Citing the regional landscape, global indoor plants market is fragmented into Latin America, Europe, North America, Asia Pacific, and Rest of the World.

Major players in global indoor plants market are Heart of Florida Greenhouses Inc., Sonya Plants & Flowers LLC, Totally Plants, Ganga Nursery, Unique Industries, Rentokil Initial plc, Sheel Biotech Limited, Patch Gardens Ltd., Rolling Nature, and Subhiksha Organic among others.

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