The Europe Artificial Flowers Market would witness market growth of 4.2% CAGR during the forecast period (2023-2030).In the year 2020, the Europe market's volume surged to 173.7 million units, showcasing a growth of 2.2% (2019-2022).
The market is expanding due to the rising demand for artificial plants or imitations of attractive rare flowers. Changing weather conditions have made it difficult for consumers to cultivate natural plants. Additionally, the deteriorating fertility of the soil and the cost of maintaining the soil encourages consumers to choose artificial plants and flowers. The use of recyclable artificial flowers can reduce the number of natural flowers wasted during celebrations and other events. This consumer base represents a tremendous opportunity for the market.
Companies are focused on creating uncommon, beautiful houseplants for commercial offices, hotels, and private residences. The primary concern of the companies is the attractiveness and similarity of the artificial plants to the natural plants in terms of product quality. The current trend is to offer a diversity of plants at competitive prices and to provide the plants with attractive containers and stones.
Artificial flowers are allergen-free, making them a preferred choice for individuals with allergies to pollen or strong scents that are often associated with real flowers. Artificial flowers are not subject to seasonal availability, allowing consumers to enjoy their favorite blooms regardless of the time of year. This is especially appealing for special occasions and events.
The rapid product uptake (for ornamental and aesthetic goals) in hotels, restaurants, and cafes boosts the European market. Additionally, as clients choose affordable solutions to give their homes a new look, the UK home decor sector is expanding more quickly than other home retail marketplaces. Over 20,000 hotels serving all market categories and operating independently make up the enormous number of independent hotels in the German hotel business. Hotels are expected to grow in minor towns as well as in Germany's most important financial hubs, including Hamburg, Berlin, Munich, Frankfurt, and Düsseldorf. Owing to these factors, the market in Europe will show rising trends in the future.
The Germany market dominated the Europe Artificial Flowers Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $162.7 Million by 2030. The UK market is poised to grow at a CAGR of 3.3% during (2023 - 2030). Additionally, The France market would exhibit a CAGR of 4.9% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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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