SYDNEY, Oct. 21, 2022 /PRNewswire/ — Data Bridge Market Research Published Latest Indoor Plants Market Study by in-depth analysis about current scenario, the Market size, demand, growth pattern, trends, and forecast. The Indoor Plants market research report is a useful manual which guides the readers to strategize their moves in the Indoor Plants market. It is basically very important to visualize and comprehend the market thoroughly before entering it. It requires time and energy, but this market research report is a solution for this problem. The report portrays the practicality of any new product or service through research drove truly with potential customers . It empowers an association to locate the target market and customer’s views regarding the need or eagerness for the product or service.
Data Bridge Market Research analyses that indoor plants market was valued at USD 17.93 billion in 2021 and is expected to reach the value of USD 26.23 billion by 2029, at a CAGR of 4.87% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis , pricing analysis, production consumption analysis, technological advancements and patent analysis.
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It is clear from the name that indoor plants are plants that are grown indoors. Indoor plants can be grown in homes, offices, or any other indoor location. Growing indoor plants is thought to bring a lot of positivity as well as benefits. Indoor plants increase the oxygen level, purify the air in the home, remove pollutants, and reduce the rate of indoor air pollution.
Flowers and ornamental plants can add value to a smaller or larger space. These flowers and ornamental plants add beauty and lift the décor a few notches. Indoor plants come in various sizes, shapes, and colours and can be easily adapted to various climates, gardening needs, and landscapes.
Plant breedingincluding cross breeding and multi-breeding, has recently been widely used by many flower and plant production centres. The primary goal of plant breeding is to create plants that outperform existing ones in terms of economic value. Flowers have many beneficial components for the consumer that can be created, enhanced, or improved through flower breeding programmes that use various research and traditional techniques. Finally, the goal of breeding research programmes is to increase economic productivity yield. This ultimate increases demand for flowers and ornamental plants, creating opportunities in the global Indoor Plants market.
- Bright Farms were focused on expanding their production base and actively involved in the installation of new indoor farming systems. BrightFarms, for example, will open its latest indoor farm in Hendersonville, North Carolinain 2021. Every year, the 6-acre greenhouse will produce 2 million pounds of lettuce. Similarly, Bright Farms expanded its construction division in 2019 by opening three new sustainable greenhouse farms in Massachusetts, New Yorkand North Carolina.
- Bowery Farming, a vertical farming startup based in New York Cityannounced a USD 300 million Series C round of funding in 2021. Bowery stated that the funds would be used to expand its network of smart indoor farms across the United States.
Some of the major players operating in the Indoor Plants market are:
- DÜMMEN ORANGE (US)
- Syngenta (Switzerland)
- Beekenkamp Group (Netherlands)
- Hofland flowering plants (Netherlands)
- SAKATA (US)
- DUTCH FLOWER GROUP (Netherlands)
- MARGINPAR BV (Netherlands)
- Walter Blom Plants BV (Netherlands)
- Selecta Klemm, Double H Nurseries Ltd, (Germany)
- ARCANGELI GIOVANNI (Italy)
- KP Holland (Netherlands)
- Ball Horticultural Company (US)
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Important market factors
Competition: Leading players have been studied depending on their company profile, product portfolio, capacity, product/service price, sales, and cost/profit.
Revenue and Sales Estimation: Historical Revenue and sales volume is presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well recognized Types and end-use industry . Additionally macroeconomic factors and regulatory policies are ascertained in Indoor Plants industry evolution and predictive analysis.
Key Strategic Developments: This study includes key strategic developments in the market, including R & D, new product launch, M & A, contracting, cooperation, partnerships, joint ventures and regional growth of leading competitors in the market in global competitive markets.
Analysis Tool: The Indoor Plants Market Research contains accurate analysis and evaluation data for key industry players and market coverage using a number of analytical tools. We analyzed the growth of leading companies operating in the marketplace using analytics tools such as Porter’s five power analysis, SWOT analysis, feasibility study and ROI .. .