I
nformation by Product Type, Material Type, End Use, Distribution Channel, and Region - Forecast till 2028”, the market is projected to reach USD 780.3 Million by 2028 registering a CAGR of 4.15%.
Primary Growth Boosters:
Artificial plants have become quite popular in the commercial sector over the years, used primarily as indoor decoration that require almost no maintenance. This has led to robust demand for artificial plants within the commercial sector. Moreover, millennials’ thirst for aesthetic convenience items and replication of exotic plants that are rare and are hard to maintain in certain weather conditions have driven sales to a large extent.
A huge population around the world are highly susceptible to numerous allergies from a variety of plants. This helps shed light on artificial plants, which have emerged as the best alternative for decorations. Consumers are also enamoured by artificial plants, given their high durability, which is not the case with natural decomposable plants.