Japan Bonsai Market to be dominated by Indoor Bonsai till FY2027
The growing awareness of the
benefits of growing bonsai plants and decreasing cultivation area is expected
to drive the demand of Japan Bonsai market for the forecast period.
According
to TechSci Research report, “Japan
Bonsai Market By Type (Indoor Bonsai v/s Outdoor Bonsai), By Style (Formal
Upright, Informal Upright, Slant, Cascade, Others), By Application (Wholesale
Bonsai v/s Customized Bonsai), By Distribution Channel (Store-Based v/s
Non-Store-Based), By Region, Competition Forecast & Opportunities, FY2027”, the Japan bonsai is expected to grow at a rate of
significant CAGR for the forecast period, FY2023-FY2027. Bonsai plants are the
miniature version of full-grown trees. Bonsai is grown by using different
cultivation practices such as cutting or by using seed, small tree species.
Japanese people prefer to grow bonsai plants as they enhance positivity and add
to the beauty of the place. Presence of attractive Bonsai nurseries and gardens
witnessing huge footfall boost the popularity of the Bonsai plants in the
country. Bonsai exhibitions are organized every year such as Kokufu-ten Bonsai
exhibition, Shohin exhibition Osaka, Shohin exhibition Tokyo, Bonsai exhibition
Kyoto inviting people to visit and gain knowledge about the type of bonsai and the
ways to maintain the bonsai plant health, thereby boosting Japan bonsai market
demand across the country. Therefore,
the surge in the number of enthusiasts and gardening hobbyists around the globe
is expected to bolster the Japan Bonsai market growth in the next five years.
The rise in the demand for Bonsai plants from the urban areas due to the
availability of less space in homes, buildings, and offices significantly
contributes to the Japan bonsai market growth. The presence of bonsai plants at
the work desk helps in creating a positive environment and is soothing to the
eyes. They are in high demand in the office to create a relaxing and
stress-free environment for the employees to obtain maximum productivity. Rapid
urbanization is decreasing the agricultural space across the country, and the
apartments have smaller balconies as the only open available space for
gardening. Also, the growing trend of gifting bonsai plants on several
occasions, such as housewarming and weddings, as they can be easily carried and
fit into space, contributes to market growth.
However, factors like over-pruning of bonsai trees and
limited knowledge about growing the bonsai trees may restrain the Japan Bonsai
market growth for the forecast period.
Browse XX market data Tables and XX Figures spread through 70 Pages and an in-depth TOC on "Japan Bonsai Market”
Japan
bonsai market is segmented into type, style, application, distribution channel,
regional distribution, and company. Based on distribution channel, the market
is bifurcated into store-based and non-store-based. The store-based segment is
expected to witness growth for the forecast period, FY2023-FY2027. People
prefer to examine the plant present conditions physically to make the best
purchasing decision. Bonsai plants can be found healthier in stores as they are
grown in a natural environment, and services can be easily obtained from the
stores as they are normally close to the house of the consumer. The staff
present at the nursey can answer any questions better and help the consumers
make the best purchasing decision. The presence of many native plants in the
nurseries can be purchased directly from the stores as they have larger chances
to grow and have a healthier life.
Based
on application, the market is divided into wholesale bonsai and customized
bonsai. The customized bonsai segment is expected to dominate the market for
the next five years. Customized bonsai gives the freedom to choose the design
of the bonsai based on the available landscape. Growing expenditure capacity of
the consumers and the rapid urbanization of people is contributing to
increasing the awareness of the consumers to buy customized bonsai plants.
Bonsai Network Japan Co., Ltd., Seitaro
Arai & Co., Ltd., Nomura Holdings, Inc., YOSHOEN, Taishoen Bonsai Nursery are
some of the leading players operating in Japan bonsai market.
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“The
availability of online sales channels and the ease and convenience of getting
the plants delivered at the desired place without making any physical efforts
are expected to boost the growth of Japan bonsai. Market players are making
quick deliveries with attractive packaging and creating personalized plants
according to the needs of the consumers. The demand for bonsai plants for
gifting purposes and use advanced cultivation methods to produce quality bonsai
plants is expected to propel the Japan bonsai market growth till FY2027” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Japan Bonsai Market By Type (Indoor Bonsai v/s
Outdoor Bonsai), By Style (Formal Upright, Informal Upright, Slant, Cascade,
Others), By Application (Wholesale Bonsai v/s Customized Bonsai), By
Distribution Channel (Store-Based v/s Non-Store-Based), By Region, Competition
Forecast & Opportunities, FY2027”, has evaluated the future growth potential of Japan
bonsai market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Japan bonsai market.
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