US - Artificial Plants and Flowers Market by Material, End-user and Distribution Channel - Forecast and Analysis 2024-2028

Published: Nov 2023

Pages: 139

SKU: IRTNTR70555

Snapshot

US-Artificial Plants and Flowers Market 2024-2028

The US-Artificial Plants and Flowers Market size is estimated to grow at a CAGR of 3.88% between 2023 and 2028. The market size is forecast to increase by USD 438.3 million. Several factors play a crucial role in the market's growth, such as the growing use of artificial plants and flowers for decorative and aesthetic purposes, the advantages of artificial plants and flowers over natural alternatives and increased penetration of online shopping.

The report offers extensive research analysis on the US-Artificial Plants and Flowers Market with a categorization based on Material, including polyester, plastic, clay and others. It further segments the market by End-user, encompassing commercial and residential. Additionally, the report provides Distribution Channel segmentation, offline and online. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD million) for all the mentioned segments.

What will be the size of the US Artificial Plants And Flowers Market During the Forecast Period?

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US Artificial Plants And Flowers Market: Key Drivers, Trends and Challenges

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key US Artificial Plants And Flowers Market Driver

Increased penetration of online shopping is notably driving the market growth. E-retail is the fastest-growing distribution channel in the artificial plants and flowers market in the US. It is gaining popularity, as it is a time-saving and cost-effective channel for purchasing products. The growing number of websites offering a wide range of artificial plants and flowers has increased the demand for these products. Nowadays, the preference for e-commerce platforms is increasing compared with physical stores. Moreover, the availability of online payment options, a wide range of merchandise, online tracking of shipments, 24/7 customer support, larger Internet reach, and low cost of products have increased the demand for online shopping in the US.

Moreover, customers have several payment options, such as credit cards, debit cards, cash on delivery, and Internet banking, which facilitate the shopping experience of customers. Therefore, the constantly growing demand for online shopping will further drive the growth of the US artificial plants and flowers market during the forecast period.

Key US Artificial Plants And Flowers Market Trends

Growing demand for seasonal decorations and a growing gifting culture is an emerging trend shaping the market growth. A major percentage of the revenue of the artificial plants and flowers market in the US comes from seasonal decorations. For instance, in the US, the holiday season is also considered a gifting season. The growing demand for seasonal gifts in the US is increasing the sales of personalized gifts such as artificial plants and flowers in customized vases. Self-gifting and mutual-gifting practices also foster market growth in the US. These practices increase the up-selling and cross-selling among gift retailers.

However, the trend of gifting is expected to grow constantly in the country, and the demand for artificial plants and flowers will increase further with the gifting trend, owing to the improvements in the materials and quality of artificial plant and flower offerings by vendors in the market. Thus, the US artificial plants and flowers market will grow significantly during the forecast period.

Major US Artificial Plants And Flowers Market Challenge

The criticality of product sourcing and inventory management is a significant challenge hindering market growth. Managing inventory is the key concern for both offline and online vendors in the US artificial plants and flowers market. Inventory concerns have evolved in tandem with changing shopping patterns. Consumer preferences change over time, thus increasing inventory turnover requirements. Suppliers or manufacturers of artificial plants and flowers in the country need to adjust to smaller orders from wholesalers and retailers, which compels them to improve inventory turnaround times. This creates pressure on the raw materials, quality control, transportation, and labour costs of manufacturers.

In addition, the emergence of the disease in the US has led to the limited availability of the labour force at warehouses. This has increased the burden on inventory planning and management operations in the country. Hence, the criticality of product sourcing and inventory management is expected to negatively impact the growth of the US artificial plants and flowers market during the forecast period.

US Artificial Plants And Flowers Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

US Artificial Plants And Flowers Market Customer Landscape

Who are the Major US Artificial Plants And Flowers Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Chans Silk Flowers Inc. - The company offers artificial plants and flowers such as florals and floor and shelf plants.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What are the Largest-Growing Segments in the US Artificial Plants And Flowers Market?

The polyester segment is estimated to witness significant growth during the forecast period. Polyesters are a class of polymers where each repeat unit of their main chain has an ester functional group. The growing demand for decorative products such as artificial plants and flowers is expected to fuel the growth of polyester material.

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The polyester segment was the largest and was valued at USD 710.54 million in 2018. Since the 1970s, polyester has been the primary material used to create artificial plants and flowers. Nowadays, polyester is used to make the majority of artificial plants and flowers sold in stores. Polyester resistance to fading, affordability, and capacity to absorb adhesives and colours make it the preferred fabric among artificial plants and flower manufacturers. Thus, the polyester segment is expected to fuel the growth of the US artificial plants and flowers market during the forecast period.

Segment Overview

The US Artificial Plants And Flowers Market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2018-2028.

Material Outlook
- Polyester
- Plastic
- Clay
- Others

End-user Outlook
- Large Enterprise
- Small and Medium Enterprise

Distribution Channel Outlook
- Offline
- Online

US Artificial Plants And Flowers Market Scope
Report Coverage	Details
Page number	139
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 3.88%
Market Growth 2024-2028	USD 438.3 million
Market structure	Fragmented
YoY growth 2023-2024(%)	3.44
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Balsam Brands Inc., Chans Silk Flowers Inc., Charles Lubin Co. Inc., H&P Sales Inc., Inter IKEA Holding BV, International Greenscapes LLC, Jamali Floral and Garden Supplies, Nearly Natural, New Growth Designs, Petals, Plantscape Commercial Silk, Prestige Botanicals, SilkPlantsDirect, Silks Are Forever, Dongyi Artificial Plants Co. Ltd., Becks Silk Plant Co., J.S. Flower Co., M and S Schmalberg Inc., Natural Decorations Inc., and Pacific Silk Plants
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this US Artificial Plants And Flowers Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the market between 2024 and 2028
Precise estimation of the market size and its contribution of the market in focus to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market across US
A thorough analysis of the market’s competitive landscape and detailed information about companies
Comprehensive analysis of factors that will challenge the growth of market companies

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market Segmentation by Material
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
- Exhibit 07: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 08: Parent market
- Exhibit 09: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 10: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 11: Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028
- Exhibit 12: Chart on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 13: Data Table on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 14: Chart on US: Year-over-year growth 2023-2028 (%)
- Exhibit 15: Data Table on US: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global artificial plants and flowers market 2018 - 2022
- Exhibit 16: Historic Market Size – Data Table on global artificial plants and flowers market 2018 - 2022 ($ million)

4.2 Materials Segment Analysis 2018 - 2022
- Exhibit 17: Historic Market Size – Materials Segment 2018 - 2022 ($ million)

4.3 End-user Segment Analysis 2018 - 2022
- Exhibit 18: Historic Market Size – End-user Segment 2018 - 2022 ($ million)

4.4 Distribution Channel Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Distribution Channel Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 20: Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers
- Exhibit 21: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers
- Exhibit 22: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

5.4 Threat of new entrants
- Exhibit 23: Threat of new entrants – Impact of key factors in 2023 and 2028

5.5 Threat of substitutes
- Exhibit 24: Threat of substitutes – Impact of key factors in 2023 and 2028

5.6 Threat of rivalry
- Exhibit 25: Threat of rivalry – Impact of key factors in 2023 and 2028

5.7 Market condition
- Exhibit 26: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Material

6.1 Market segments
- Exhibit 27: Chart on Material - Market share 2023-2028 (%)
- Exhibit 28: Data Table on Material - Market share 2023-2028 (%)

6.2 Comparison by Material
- Exhibit 29: Chart on Comparison by Material
- Exhibit 30: Data Table on Comparison by Material

6.3 Polyester - Market size and forecast 2023-2028
- Exhibit 31: Chart on Polyester - Market size and forecast 2023-2028 ($ million)
- Exhibit 32: Data Table on Polyester - Market size and forecast 2023-2028 ($ million)
- Exhibit 33: Chart on Polyester - Year-over-year growth 2023-2028 (%)
- Exhibit 34: Data Table on Polyester - Year-over-year growth 2023-2028 (%)

6.4 Plastic - Market size and forecast 2023-2028
- Exhibit 35: Chart on Plastic - Market size and forecast 2023-2028 ($ million)
- Exhibit 36: Data Table on Plastic - Market size and forecast 2023-2028 ($ million)
- Exhibit 37: Chart on Plastic - Year-over-year growth 2023-2028 (%)
- Exhibit 38: Data Table on Plastic - Year-over-year growth 2023-2028 (%)

6.5 Clay - Market size and forecast 2023-2028
- Exhibit 39: Chart on Clay - Market size and forecast 2023-2028 ($ million)
- Exhibit 40: Data Table on Clay - Market size and forecast 2023-2028 ($ million)
- Exhibit 41: Chart on Clay - Year-over-year growth 2023-2028 (%)
- Exhibit 42: Data Table on Clay - Year-over-year growth 2023-2028 (%)

6.6 Others - Market size and forecast 2023-2028
- Exhibit 43: Chart on Others - Market size and forecast 2023-2028 ($ million)
- Exhibit 44: Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Exhibit 45: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibit 46: Data Table on Others - Year-over-year growth 2023-2028 (%)

6.7 Market opportunity by Material
- Exhibit 47: Market opportunity by Material ($ million)
- Exhibit 48: Data Table on Market opportunity by Material ($ million)

7 Market Segmentation by End-user

7.1 Market segments
- Exhibit 49: Chart on End-user - Market share 2023-2028 (%)
- Exhibit 50: Data Table on End-user - Market share 2023-2028 (%)

7.2 Comparison by End-user
- Exhibit 51: Chart on Comparison by End-user
- Exhibit 52: Data Table on Comparison by End-user

7.3 Commercial - Market size and forecast 2023-2028
- Exhibit 53: Chart on Commercial - Market size and forecast 2023-2028 ($ million)
- Exhibit 54: Data Table on Commercial - Market size and forecast 2023-2028 ($ million)
- Exhibit 55: Chart on Commercial - Year-over-year growth 2023-2028 (%)
- Exhibit 56: Data Table on Commercial - Year-over-year growth 2023-2028 (%)

7.4 Residential - Market size and forecast 2023-2028
- Exhibit 57: Chart on Residential - Market size and forecast 2023-2028 ($ million)
- Exhibit 58: Data Table on Residential - Market size and forecast 2023-2028 ($ million)
- Exhibit 59: Chart on Residential - Year-over-year growth 2023-2028 (%)
- Exhibit 60: Data Table on Residential - Year-over-year growth 2023-2028 (%)

7.5 Market opportunity by End-user
- Exhibit 61: Market opportunity by End-user ($ million)
- Exhibit 62: Data Table on Market opportunity by End-user ($ million)

8 Market Segmentation by Distribution Channel

8.1 Market segments
- Exhibit 63: Chart on Distribution Channel - Market share 2023-2028 (%)
- Exhibit 64: Data Table on Distribution Channel - Market share 2023-2028 (%)

8.2 Comparison by Distribution Channel
- Exhibit 65: Chart on Comparison by Distribution Channel
- Exhibit 66: Data Table on Comparison by Distribution Channel

8.3 Offline - Market size and forecast 2023-2028
- Exhibit 67: Chart on Offline - Market size and forecast 2023-2028 ($ million)
- Exhibit 68: Data Table on Offline - Market size and forecast 2023-2028 ($ million)
- Exhibit 69: Chart on Offline - Year-over-year growth 2023-2028 (%)
- Exhibit 70: Data Table on Offline - Year-over-year growth 2023-2028 (%)

8.4 Online - Market size and forecast 2023-2028
- Exhibit 71: Chart on Online - Market size and forecast 2023-2028 ($ million)
- Exhibit 72: Data Table on Online - Market size and forecast 2023-2028 ($ million)
- Exhibit 73: Chart on Online - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on Online - Year-over-year growth 2023-2028 (%)

8.5 Market opportunity by Distribution Channel
- Exhibit 75: Market opportunity by Distribution Channel ($ million)
- Exhibit 76: Data Table on Market opportunity by Distribution Channel ($ million)

9 Customer Landscape

9.1 Customer landscape overview
- Exhibit 77: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 78: Impact of drivers and challenges in 2023 and 2028

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 79: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 80: Overview on factors of disruption

11.4 Industry risks
- Exhibit 81: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 82: Vendors covered

12.2 Market positioning of vendors
- Exhibit 83: Matrix on vendor position and classification

12.3 Becks Silk Plant Co.
- Exhibit 84: Becks Silk Plant Co. - Overview
- Exhibit 85: Becks Silk Plant Co. - Product / Service
- Exhibit 86: Becks Silk Plant Co. - Key offerings

12.4 Chans Silk Flowers Inc.
- Exhibit 87: Chans Silk Flowers Inc. - Overview
- Exhibit 88: Chans Silk Flowers Inc. - Product / Service
- Exhibit 89: Chans Silk Flowers Inc. - Key offerings

12.5 Charles Lubin Co. Inc.
- Exhibit 90: Charles Lubin Co. Inc. - Overview
- Exhibit 91: Charles Lubin Co. Inc. - Product / Service
- Exhibit 92: Charles Lubin Co. Inc. - Key offerings

12.6 Dongyi Artificial Plants Co. Ltd.
- Exhibit 93: Dongyi Artificial Plants Co. Ltd. - Overview
- Exhibit 94: Dongyi Artificial Plants Co. Ltd. - Product / Service
- Exhibit 95: Dongyi Artificial Plants Co. Ltd. - Key offerings

12.7 Inter IKEA Holding BV
- Exhibit 96: Inter IKEA Holding BV - Overview
- Exhibit 97: Inter IKEA Holding BV - Product / Service
- Exhibit 98: Inter IKEA Holding BV - Key news
- Exhibit 99: Inter IKEA Holding BV - Key offerings

12.8 Jamali Floral and Garden Supplies
- Exhibit 100: Jamali Floral and Garden Supplies - Overview
- Exhibit 101: Jamali Floral and Garden Supplies - Product / Service
- Exhibit 102: Jamali Floral and Garden Supplies - Key offerings

12.9 J.S. Flower Co.
- Exhibit 103: J.S. Flower Co. - Overview
- Exhibit 104: J.S. Flower Co. - Product / Service
- Exhibit 105: J.S. Flower Co. - Key offerings

12.10 M and S Schmalberg Inc.
- Exhibit 106: M and S Schmalberg Inc. - Overview
- Exhibit 107: M and S Schmalberg Inc. - Product / Service
- Exhibit 108: M and S Schmalberg Inc. - Key offerings

12.11 Natural Decorations Inc.
- Exhibit 109: Natural Decorations Inc. - Overview
- Exhibit 110: Natural Decorations Inc. - Product / Service
- Exhibit 111: Natural Decorations Inc. - Key offerings

12.12 Nearly Natural
- Exhibit 112: Nearly Natural - Overview
- Exhibit 113: Nearly Natural - Product / Service
- Exhibit 114: Nearly Natural - Key offerings

12.13 New Growth Designs
- Exhibit 115: New Growth Designs - Overview
- Exhibit 116: New Growth Designs - Product / Service
- Exhibit 117: New Growth Designs - Key offerings

12.14 Pacific Silk Plants
- Exhibit 118: Pacific Silk Plants - Overview
- Exhibit 119: Pacific Silk Plants - Product / Service
- Exhibit 120: Pacific Silk Plants - Key offerings

12.15 Petals
- Exhibit 121: Petals - Overview
- Exhibit 122: Petals - Product / Service
- Exhibit 123: Petals - Key offerings

12.16 Plantscape Commercial Silk
- Exhibit 124: Plantscape Commercial Silk - Overview
- Exhibit 125: Plantscape Commercial Silk - Product / Service
- Exhibit 126: Plantscape Commercial Silk - Key offerings

12.17 Prestige Botanicals
- Exhibit 127: Prestige Botanicals - Overview
- Exhibit 128: Prestige Botanicals - Product / Service
- Exhibit 129: Prestige Botanicals - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 130: Inclusions checklist
- Exhibit 131: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 132: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 133: Research methodology
- Exhibit 134: Validation techniques employed for market sizing
- Exhibit 135: Information sources

13.5 List of abbreviations
- Exhibit 136: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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