The global gardening pots market is estimated to reach USD 2.5 billion, by the end of 2025, and is projected to grow at a CAGR of 5.6% from 2019 to 2025, according to a new report released by Million Insights. Increasing demand for parks and public gardens along with growing infrastructure in the cities is expected to increase the demand for the product in the next few years.
Rapid urbanization and increasing population have increased the product application in residential sector. Thus, municipalities, urban societies, and housing associations are also spending high amounts on developing parks. Parks include different types of trees and flower plantations which are creating lively vibes among the people, thereby, propelling the market growth. Youngsters are highly involved in the gardening activities. Growing interest of consumers for planting fruits, veggies, herbs, and flowers is expected to be a key factor propelling the demand for the product.
Market Share Insights
Leading players in this industry include Biodegradable Pots; GREEN MALL; East JORDAN PLASTICS INC.; Hosco India; Garden Need; Nursery Supplies Inc.; Landmark Plastic Corporation; THE HC COMPANIES; V G Plastech; and THE POT COMPANY.
Manufacturers are engaged in developing new materials to supplement gardening beds. Companies that are into the homeware business are expanding their product offerings. For instance, in 2019, Coles supermarket introduced gardening pots suited for the plantation of saplings.
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Regional Insights
In 2018, Europe accounted for the largest market share of over 35.0% in the overall market. Beautiful architecture and landscape are a key part of European society and culture. Thus, there is a large number of gardens in this region including the Eden Project in Cornwall, Rose garden in Spain, Kew garden in London, and others. Furthermore, European countries such as Spain, France, U.K., and Greece generate large incomes from the gardens & tourism sector. All these key factors are anticipated to propel the market growth over the forecast period.
Asia Pacific is projected to grow at the highest CAGR of 6.9% over the forecast period. The increasing focus of government authorities on the travel & tourism industry especially in countries such as India, China, Malaysia, Japan, and Singapore is projected to offer potential growth opportunities for the market. Moreover, Asian countries such as Bhutan, Maldives, and Sri Lanka have developed hospitals with large gardens having beautiful saplings planted in decorative gardening pots. Therefore, these countries are known for medical tourism.
Impact of COVID-19 Insights
The outbreak of COVID-19 has positively impacted the global gardening pots market. COVID-19 crisis has enforced people to stay at home and work from home. This has allowed people to with free time while they were stuck at home during the lockdown, thus many people have spent this time gardening.
In Europe, the demand for flower pots has been increased during the COVID-19 lockdown period. Consumers are preferring to buy these pots through online platforms. Thus, the market is projected to grow at a significant rate in the next few years.
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