The nursery planters and pots market was valued at US$ 1,523.14 million in 2020 and is projected to reach US$ 1,956.21 million by 2028; it is expected to grow at a CAGR of 3.2% from 2021 to 2028. The scope of this study involves understanding of the factors contributing to the growth of the market; it also includes estimating and forecasting the revenues, conducting the market share analysis, and spotting significant market players along with their key developments.
Nursery planters and pots are products or containers in which the plants such as flowers, vegetables, herbs are grown or placed. There are different sizes, shapes, designs or nursery planters and pots available in the market. The demand for nursery planters and pots has been rising owing to the fondness of gardens, especially in the European culture. According to the Centre for the Promotion of Imports from developing countries (CBI), the major countries in Europe which are importing garden pots include Germany, the UK, and France. Manufacturers operating in the nursery planters and pots market are continuously making innovations, which are related to the product design, as well as their functionality to provide helpful and innovative solutions to the customers. Plastic pots have adverse environmental impacts, and thus, manufacturers are focusing on creating recyclable plastic pots.
Nursery Supplies Inc.; The HC Companies; T.O. Plastics; Pöppelmann GmbH & Co., KG.; Keter; Landmark Plastic Corporation; Anderson Pots; Pot Incorporated; Fertil; and East Jordan Plastics, Inc are among the well-established players operating in the nursery planters and pots market.
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Nursery planters and pots are products or containers in which the plants such as flowers, vegetables, and herbs are grown or placed. There are different sizes, shapes, and designs of nursery planters and pots available in the market. The demand for nursery planters and pots has been rising owing to the fondness of gardens, especially in Europe.
Based on material, the global nursery planters and pots market is segmented into clay, plastic, metal, and others. In 2020, the plastic segment accounted for the largest revenue share. Plastic pots have thinner walls than clay pots and are tough, durable, and virtually unbreakable. Single-used and petroleum-based plastics are mostly used for planters and pots for the plants.
Indoor potted plants are becoming a modern trend. There has been a shift in the inclination toward interior decoration of modern residences, which has increased the demand for pots in the residential sector. The presence of flowerpots and containers, as well as vases adds to the aesthetic of the room and provides a good vibe. The ancient science of design, architecture, and layout—which includes Feng Shui, Vaastu Shastra, and Malay system—strongly focuses on placing the plants in a specific direction to improve the flow of the energy in the house. The garden enthusiast population focuses on making gardens with the help of small and big gardening pots in their verandah and kitchen. These factors are increasing the demand for pots in the residential sector. The interest of millennials in developing a kitchen garden is also having a positive impact on the nursery planters and pots market. According to the 2018 National Gardening Survey, 77% of the American households are gardening, and the millennials are driving this surge, which includes an increasing number of men. Garden Media’s 2019 trend report states that 30% of all households consist of at least one houseplant, and one-third of these plant purchases were made by millennials. Increase in standard of living of people and rise in disposable income in the developing countries have led to an increase in purchasing power of the consumers. This, in turn, has led to an increase in demand for decorative items for household purposes, thereby driving the nursery planters and pots market worldwide.
The COVID-19 pandemic is adversely affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. In addition, the global travel bans imposed by countries in Europe, Asia, and North America are hindering the business collaborations and partnerships opportunities. All these factors are hampering the consumer goods industry, which is restraining the growth of nursery planters and pots market.
Based on geography, the global nursery planters and pots market is broadly segmented into five regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). Asia-Pacific accounted for the largest share of the market in 2020, followed by Europe, South and Central America, and Middle East and Africa.
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