Global Indoor Plants Market Size to Worth USD 28.69 Billion by 2033: Forecast Analysis Report

Global Indoor Plants Market Size to Worth USD 28.69 Billion by 2033

According to a research report published by Spherical Insights & Consulting, the Global Indoor Plants Market Size is Expected to Grow from USD 19.78 Billion in 2023 to USD 28.69 Billion by 2033, Growing at a CAGR of 3.79% during the forecast period 2023-2033.

Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global Indoor Plants Market Size, Share, and COVID-19 Impact Analysis, By Type (High-Light Plants, Low-Light Plants, and Shade-Loving Plants), By Application (Residential and Commercial), By Distribution Channel (Offline and Online), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

Indoor plants bloom in the restricted spaces of our homes and are botanical beauties. With their vivid greenery and blooms, they enhance our surroundings and purify the air, bringing the beauty of nature indoors. Indoor plants provide a wide range of options that suit every space and style, from beautiful peace lilies to low-maintenance succulents, and they promote a sense of calm and well-being in our indoor spaces. The market for indoor plants is expanding as more people become aware of indoor gardening and the health advantages of houseplants. It is anticipated that growing cultivation indoors in homes and businesses and a growing desire to improve the aesthetics of the surroundings would drive market expansion. Many gardeners make considerable use of growing plant breeding, including cross-breeding and multi-breeding. It is anticipated that these factors will propel market expansion in the years to come. It is anticipated that quick advancements and a high demand for home décor will propel market expansion. It is projected that growing consumer awareness of air purifiers and quick technological developments will hasten market expansion. However, it is expected that market progress will be limited by high maintenance and attention.

The low-light plants segment dominates the market with the highest market share of the global indoor plants market through the projected timeframe.                            

Based on the type, the indoor plants market is classified into high-light plants, low-light plants, and shade-loving plants. Among these, the low-light plants segment dominates the market with the highest market share of the global indoor plants market through the projected timeframe. Low-light plants have grown in favor recently because of their adaptability and low maintenance requirements. These plants are commonly selected because of their ability to enhance interior decor and purify the air.                                                       

The residential segment is predicted to grow at the highest CAGR in the global indoor plants market through the projected timeframe.            

Based on the application, the indoor plants market is classified into residential and commercial. Among these, the residential segment is predicted to grow at the highest CAGR in the global indoor plants market through the projected timeframe. Indoor plants are widely utilized in homes for aesthetic reasons or to increase the amount of oxygen present. Also contributing to the expansion of the residential category is the growing trend of indoor gardening.     

The offline segment is expected to hold the largest market share of the global indoor plants market through the projected period.

Based on the distribution channel, the indoor plants market is classified into offline and online. Among these, the offline segment is expected to hold the largest market share of the global indoor plants market through the projected period. Customers can have the instant satisfaction of seeing and buying plants in person at offline retail outlets such as garden centers, nurseries, home improvement stores, and florists. The conventional shopping experience, where customers can physically examine the plants, receive knowledgeable staff assistance, and take the plants home right away, is preferred by many customers.

North America is expected to hold the largest share of the indoor plants market through the forecast period.

North America is expected to hold the largest share of the indoor plants market through the forecast period. The number of homeowners in the US and Canada is rising quickly. In addition, there is a growing demand for rental properties due to an increase in both foreign tourism and the working and student populations. A living area would not be complete without indoor plants. In local homes, plant species such as pothos, snake plants, and peace lilies are extremely prevalent.

Europe is predicted to grow at the fastest CAGR of the indoor plants market over the forecast period. Specialized plant nurseries, garden stores, and even online marketplaces have become more and more popular among consumers wishing to purchase indoor plants. The market has grown as a result of these retail channels' accessibility and ease, which have made indoor plants more widely available.

Competitive Analysis

Major key players in the indoor plants market include Fiddle Leaf Fig, The Home Depot, Petal, IKEA, Leaf and, Lowe's, Pistils Nursery, Checkered Green, Costa Farms, The Sill, Proven Winners, Greenery Unlimited, Bloomscape, com, and Terrain, Fast Growing Trees, and Others.

Recent Developments

• In January 2022, Bloomscape established plant care with its Bloomscape app, which completely changed the market. Users now have a smooth experience owing to this cutting-edge platform that simplifies plant selection and maintenance instructions. The app, which combined ease and knowledge and was targeted at plant lovers, established a new benchmark for the sector.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the indoor plants market based on the below-mentioned segments:

Global Indoor Plants Market, By Type

• High Light Plants
• Low Light Plants
• Shade Loving Plants

Global Indoor Plants Market, By Application

• Residential
• Commercial

Global Indoor Plants Market, By Distribution Channel

• Offline
• Online

Global Indoor Plants Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa