Surging demands for indoor farming is driving the growth if India Succulent Plants Market, FY2017-FY2027.
According to TechSci report on, “India Succulent Plants Market By Type (Indoor Interior v/s Outdoor Shade), By Distribution Channel (Online v/s Offline), By Application (Residential v/s Commercial), By Region, Competition Forecast & Opportunities, FY2027”, India succulent plants market has shown promising growth in historical years until FY2020 and is expected to continue its growth in upcoming forecast years FY2023 to FY2027. India succulent plants market owes its growth to the factors like surging demand for the home plants. Moreover, grafting of the home plants to multiply the number of succulent plants and other floriculture practices that promote the demands are expected to drive the growth of the India succulent plants market in the upcoming five years. Also, surging demands for the better air quality and thus utilizing succulent plants to enhance the indoor air quality is expected to support the growth of the India succulent plants market in the next five years.
Gifting succulent and other indoor plants as festival gifts is also in trend and thus supporting the growth of the India succulent plants market in the future five years. Recent pandemic situation has given enough scare to the population toward decreasing pollution and creating better air quality outdoor as well as indoor premises. To enhance the air quality, the corporate offices and residential consumers are actively adopting succulent plants and thus driving the growth of the India succulent plants market in the forecast years. Sale of succulent plants through online portals that are specific for the plants, seeds, and floriculture products and equipment are also substantiating the growth of the India succulent plants market in the forecast period until 2026.
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The India succulent plants market is segmented on the basis of type, distribution channel, application, competitional landscape, and regional distribution. Based on type, the market is further fragmented into indoor interior and outdoor shade. Indoor interior succulents are the type of succulent plants that can very easily grow inside the homes and do not require large and consistent sunlight. These plants can survive even in a few hours sunlight exposure in a regular interval of 7-15 days. Also, the market segment is anticipated to register largest revenue shares of the market and dominate the segment in the upcoming five years on the account of its aesthetic looks to the interiors as well as its advantages like lesser requirement of water and sunlight. These plants make and store their food in the parts like roots, stem, and leaves and thus do not require continuous sunlight exposure.
With the busy lives of the consumers, maintaining indoor interiors succulent plants is easier as compared to other type of plants. Outdoor shade succulents are expected to register significant growth in the next five years on the account of increasing influences of social media about aesthetic outlook for the corporate complexes as well as residential complexes. Outdoor shade succulent plants include variety of plants like Zamioculcas zamiifolia, Sanseveria trifasciata, Christmas cactus, Wax plant, Snake Plant, Aloe Vera, Bonsai, etc. These plants need shade to survive, and barely need sunlight and also enhances the air-quality, thus supporting the futuristic growth of the India succulent plants market in the next five years.
Sunder Nursery, Ugaao, Mera Maali, NurseryLive, myBageecha, Nurturing Green, Root Bridges are some of the major market players in the country that lead the market growth analysis.
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“With increasing disposable income among the population, the India succulent plants market is anticipated to register an impressive growth. Younger population is more inclined towards creating aesthetic decoration inside their homes and office desks. Demand for indoor plants including succulent plants is expected to aid to the growth of the India succulent plants market in the upcoming five years. Air quality enhancement, decrease in the air pollution, and natural methods of keeping the environment clean are some of the added advantages that these succulent plants provide and thus supporting the growth of the India succulent plants market in the next five years. New market players may invest in creating more general awareness about the kind of plants and the decorative pots and packaging that come along and thus might influence consumer purchasing habits and help them is establishing their brand value,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.