The Asia Pacific Artificial Flowers Market would witness market growth of 5.4% CAGR during the forecast period (2023-2030).In the year 2021, the Asia Pacific market's volume surged to 153.2 million units, showcasing a growth of 3.3% (2019-2022).
Artificial flowers are used in various art and craft projects, home decor, and DIY endeavors, contributing to their popularity among creative individuals. Moreover, advanced technologies, such as permastem and permasilk, which fuse flowers to their stems and make them more resilient, continue to enhance the functionality and attractiveness of artificial flowers. Technology is also used to generate dried-looking and soft-touch (velvet touch) plants.
The demand for foliage has benefited greatly from soft-touch processing, which varies the leaf sizes on a single branch and provides them with a warm, smooth appearance. People favor being surrounded by attractive representations of nature, that are also low maintenance and perennial. Numerous industries, from millinery to confectionery, rely on artificial flowers to complete their products.
Given the rapidly growing populations of China and India, which in turn increases the number of events and festivals each year, the demand for artificial flowers in Asia Pacific is growing rapidly. The region, where many celebrations are common in keeping with variety, presents opportunities to more and more local and international market participants. Within the categories of household goods, wall décor, home remodeling projects, lighting fixtures, textiles, bedding, and other areas of home improvement, interior design trends have grown in significance. Hence, such factors are beneficial for generating lucrative growth prospects in the market in the Asia Pacific region.
The China market dominated the Asia Pacific Artificial Flowers Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $178.2 Million by 2030. The Japan market is estimated to grow at a CAGR of 4.8% during (2023 - 2030). Additionally, The India market would register a CAGR of 6.1% during (2023 - 2030).
Based on Application, the market is segmented into Commercial, and Residential. Based on Material, the market is segmented into Polyester, Plastic, Paper, Nylon, Silk, and Others. Based on Distribution Channel, the market is segmented into Offline, and Online. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Artificial Flowers Market is Projected to reach USD 2.1 Billion by 2030, at a CAGR of 4.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include FRS Holding s.r.l.u, Diane James Designs, Inc., Dongguan Fusheng Arts Products Co., Ltd., Artificial Flower Factory, TreeLocate (Europe) Limited, TreeScapes & PlantWorks, LLC, NGAR TAT PRODUCTION FTY. LTD., Plantscape Commercial Silk (PLANTSCAPE INC.), Xuzhou Pleasant Arts Flower Co., Ltd., and SG Silk Flower Limited
By Application (Volume, Million Units, USD Million, 2019-2030)
By Material (Volume, Million Units, USD Million, 2019-2030)
By Distribution Channel (Volume, Million Units, USD Million, 2019-2030)
By Country (Volume, Million Units, USD Million, 2019-2030)
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