Product Code: ETC380184 | Publication Date: Aug 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India artificial flowers market import shipments exhibited robust growth with a notable CAGR from 2020-2024. However, the growth rate slightly moderated between 2023 and 2024. Overall, the market expanded steadily, indicating a positive momentum and a consistent upward trend during the period.
The artificial flowers industry was valued at USD 366 million and is expected to expand at 5% CAGR over the forecast period. This growth can be attributed primarily due to an increased demand from end users like hotels/restaurants/caf? outlets; weddings/birthdays celebrations; spa centers; religious places; offices; art galleries/museums etc., Moreover changing lifestyle trends that favor synthetic floral decorations coupled with easy availability on online platforms have further boosted its adoption thus augmenting its overall industry outlook during current times.
The India artificial flowers market is experiencing substantial growth, driven by various factors. Firstly, the rising demand for decorative items and the increasing use of artificial flowers in home decor and events, such as weddings and parties, are boosting the market. Artificial flowers offer long-lasting beauty and require minimal maintenance, making them a preferred choice for various occasions.Moreover, the availability of a wide variety of artificial flowers in different shapes, colors, and sizes is attracting consumers, further propelling market growth. Additionally, the growing adoption of artificial flowers in commercial spaces, including hotels, offices, and retail stores, is contributing to the market expansion.
In the India artificial flowers and artificial plants and flowers markets, there is a growing demand for aesthetically pleasing and low-maintenance decorative products. However, the industry faces challenges related to product quality and differentiation. With the market becoming more competitive, manufacturers need to focus on developing high-quality and realistic artificial flowers and plants to stand out in the market.
The artificial flowers market in India caters to the demand for decorative floral products that offer long-lasting beauty and require minimal maintenance. Artificial flowers are popular in various settings, including homes, offices, events, and hospitality establishments. The market growth is driven by factors like changing consumer preferences, rising disposable income, and the need for cost-effective and durable floral alternatives. However, fluctuations in raw material costs and competition from fresh flower vendors are challenges faced by the market.
The India artificial flowers market is led by Artificial Blooms Pvt. Ltd., Everlasting Petals India, Floral Artifacts Ltd., Faux Flora Creations, and Bloom Decoratives India.