Global Pots And Planters Market To Surge At 4.64% CAGR By 2028: Driven By Growing Adoption Of Vertical Gardens - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Pots and Planters Market - Global Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global pots and planters market is expected to witness significant growth, projected to grow at a CAGR of 4.64% from 2022 to 2028.

The market dynamics are driven by various market trends and drivers, while facing certain industry restraints. The market is segmented based on material type, application, and distribution channel, with prominent players leading the industry.

Market Trends & Drivers

Growing Adoption of Vertical Gardens: Vertical gardens are gaining popularity in large installations such as apartment buildings, public spaces, and commercial properties. They offer numerous benefits, including air pollution reduction, biodiversity enhancement, and stress reduction. Hydroponic vertical gardens have emerged as a common choice, enabling plant growth in confined spaces using nutrient-rich water.
Increasing Commercial Construction Activities: The global construction industry is witnessing significant developments, influenced by technological advancements and changing design practices. The reopening of the economy has led to constant growth in the commercial sector, with construction projects including hotels, offices, amusement parks, and convention centers, thereby supporting the pots and planters market.

Industry Restraints

Variability in Raw Material Prices: Raw material costs constitute a significant portion of the overall production cost. Fluctuating prices of materials such as plastic and steel, which are crucial for designing pots and planters, pose challenges to vendors. Additionally, rising operating expenses and uncertainties related to Chinese manufacturers further impact the industry's competitiveness.

Market Segmentation

Material Type

Plastic
Ceramic
Wood
Metal
Concrete
Fiberglass
Others

Application

Residential
Commercial
Others

Distribution Channel

Offline
Online

Key Players

The HC Companies
Nursery Supplies
Poppelmann
Keter
East Jordan Plastics

Other Prominent Vendors

Landmark Plastic
Planters Unlimited
elho
Ado
Amop Synergies
ATECH
Novelty Manufacturing
Vertical Green
Sereno
T.O. Plastics
Anderson Pots
Garant
Garden Needs
Hosco
Kingfisher Direct
The Good Pot Co.
Horst Brandstatter Group
Scheurich
Yorkshire Flowerpots
Stefanplast

With a positive growth outlook, the global pots and planters market presents substantial opportunities for market participants. The growing adoption of vertical gardens and commercial construction activities are driving the market's expansion. However, the variability in raw material prices poses challenges for vendors. The market segmentation by material type, application, and distribution channel provides a comprehensive understanding of the market landscape.

Market Dynamics

Opportunities & Trends

Growth in Adoption of Vertical Gardens
Increase in Demand for Wick Systems and Self-Watering Pots
Surge in Landscaping Services and Gardening Products
Increase in Indoor Plantation

Growth Enablers

Home Improvement Projects
Increase in Commercial Construction Activities
Rapid Urbanization
Development of Sustainable Cities

Restraints

Variability in Raw Material Prices
Highly Competitive & Fragmented Market
Regulations on Usage of Plastics Pots & Planters

For more information about this report visit https://www.researchandmarkets.com/r/mt7nmq

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First published on Fri, Jul 14, 2023

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