The global gardening pots market size is expected to reach USD 2.5 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.6% over the forecast period. Growing demand for public gardens and parks as a result of improved infrastructure of various cities at the global level is expected to expand the market size for gardening pots.
Booming population and rapid urbanization have made residential places in the cities and towns scanty, which is not enough to incorporate personal gardens. Thus, housing associations, municipalities, and urban development societies are offering their residents a healthy lifestyle by increasing spending on parks. These maintained parks have a variety of plants, flowers, and trees planted in a certain fashion to create a visual appeal. Therefore, gardening pots find use in these areas as they create aesthetic beauty.
Growing trend of the adoption of gardening among the millennials is expected to remain one of the key trends. For instance, in 2018, more than 27 million i.e., 64% of the U.K. population can be seen to partaking in gardening. The trend showcases an interesting insight that even though growing population and rapid urbanization is reducing the living space, gardening enthusiast have been working towards continuing their interest by creating small gardening pots in balconies and kitchens. Growing interest in planting flowers, fruits, veggies, and herbs in various sized containers and pots among common mass is a key factor driving the market.
For instance, in August 2019, Andrew Flynn and Martin Keane launched self-watering plant pots. These products will reduce carbon footprints by reducing the wastage of water, along with providing healthy growth to the plants. Additionally, these pots are made up of 100% recycled polypropylene. Additionally, rising importance of plastic recycling as a result of increasing concerns over carbon emissions in the manufacturing sector and implementation of various regulations at the global level are expected to ensure the access of recycled plastic raw materials to gardening pots manufacturers in the near future.
Key manufacturers include Biodegradable Pots; East JORDAN PLASTICS INC.; Garden Need; GREEN MALL; Hosco India; Landmark Plastic Corporation; Nursery Supplies Inc.; THE HC COMPANIES; THE POT COMPANY; and V G Plastech. Manufacturers are expected to increase spending on new product developments in order to expand their market size over the next few years. Additionally, the industry participants are expected to establish their strategic business units in developing countries including China, India, and Brazil, which have high concentration of middle-income age groups.
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Further key findings from the report suggest:
• By product, refractory material accounted for the largest share of over 40.0% in 2018. The product got the first mover advantage and thus, the penetration of the product is high. Polymer is expected to register the fastest CAGR of 6.4% from 2019 to 2025
• The commercial application segment is expected to generate USD 1.4 billion by 2025 owing to growing trend of creating gardens around the public buildings. The residential sector is expected to register the fastest CAGR of 6.0% from 2019 to 2025
• Offline channel led the gardening pots market and accounted for more than 80.0% share of the overall revenue in 2018.
Grand View Research has segmented the global gardening pots market on the basis of product, application, distribution channel, and region:
Gardening Pots Product Outlook (Revenue, USD Million, 2015 - 2025)
• Refractory Material
• Metal
• Polymer
• Wood
Gardening Pots Application Outlook (Revenue, USD Million, 2015 - 2025)
• Commercial
• Residential
Gardening Pots Distribution Channel (Revenue, USD Million, 2015 - 2025)
• Offline
• Online
Gardening Pots Regional Outlook (Revenue, USD Million, 2015 - 2025)
• North America
o U.S.
• Europe
o The Netherlands
o U.K.
• Asia Pacific
o Japan
o China
• Central & South America
o Brazil
• Middle East & Africa (MEA)
o South Africa