Why Artificial Plants Are Gaining Popularity: Market Drivers and Industry Opportunities
According to MRFR analysis, the global artificial plants market was valued at USD 0.82 billion in 2023 and is expected to reach USD 1.51 billion by 2032, growing at a CAGR of 4.18% from 2024 to 2032. This growth is primarily fueled by the rising demand for artificial plants, along with innovations in design and technology. Key trends shaping the market include the growing popularity of artificial flower jewelry and the increased use of fire-retardant and waterproof artificial plants, enhancing safety and durability across various applications.
Several factors contribute to the rising popularity of artificial plants. First, time-starved consumers prefer decor that requires minimal upkeep. Second, the longevity and cost-effectiveness of artificial greenery offer value over time. Additionally, allergy sufferers and pet owners often find artificial plants safer and more practical than living ones.
Market drivers include urban living trends, increased spending on interior aesthetics, and rising awareness of biophilic…