India succulent plants market
is anticipated to grow with an impressive CAGR in the forecast period,
FY2023-FY2027. The market is expected to grow with the projected cumulative
annular growth rate on the account of rapidly increasing spending capacity of
the population over plants, and floriculture in home.
Succulent plants are draught
resistant plants with the parts that are thick, fleshy, and engorged. The
mentioned qualities of the succulent plants allow them to store water in the
thicker parts such that they can be grown and sustain life in arid climates as
well as poor soil conditions. Horticulture sector often segregates cacti family
plants as succulent plants. Although, other plants forms that are from the
cacti family are also readily adopted by consumers, used as decorations for the
homes and office places.
Demands For Home Decoration
Plants Driving Market Growth
The idea of utilizing plants
to decorate houses with outside garden is an age old tradition and trend in
India. Now, indoor plants are also surging due to rapidly increasing number of
high-rise buildings and skyscrapers and high building residential complexes.
Due to increasing population of the country, larger areas outside the house and
gardening areas are now a luxury item. Moreover, indoor farming is also further
supporting the future growth of the India succulent plants market in the
upcoming five years. The population living in the small flats and buildings are
actively inclined toward planting succulent plants for their houses. Added
advantages of lesser requirement for water, and maintenance is further driving
the growth of the India succulent plants market in the next five years. Also,
convenience of transportation of these plants and their ability to perspire
even for long period of times without water is also aiding to the growth of the
India succulent plants market in the future five years, since planters may
travel without worrying about their plants.
Rising Disposable Income
Influences Consumer Purchases
Increasing disposable income
among the population is actively influencing the consumer behavior toward
succulent plants’ purchases. Online affordable prices of the succulent plants
and exclusive retails are further supporting the growth of the India succulent
plants market in the future five years. Also, during the COVID-19 pandemic,
country’s population observed strict rules and regulations of complete
lockdown. Online shopping and availability of certain services increased. With
the recent relaxation in the stringent regulation regarding online shopping
services and sale, purchase, and easier delivery of non-essential items is also
aiding to the growth of the India succulent plants market in the upcoming five
years. Furthermore, the increasing adoption of these plants as ornamental
plants owing to their characteristic look and unusual appearances have also
benefitted the market growth. Consumers are ready to pay extra for these plants
due to their exquisite appearances and the aesthetic look they provide to the
home interiors.

Demands From Corporate
Offices Driving Market Growth
Corporate offices are
actively working towards the concept of green building. While incorporating
energy saving equipment and utilizing renewable energy resources, they are also
involved with creating miniature forms of garden, hanging gardens and
practicing indoor farming in the company premises. These add to the aesthetic
decorations as well as in creating better atmosphere by enhancing air-quality
inside the office premises. Moreover, the idea of office desk decoration with
succulent plants is also supporting the futuristic growth of the India
succulent plants market in the next five years. Succulents are higher plants
with hypertrophic vegetative organs, usually with three vegetative organs:
root, stem and leaf, flower, fruit and seed. Thus, maintaining these plants in
the office premises or keeping a small desk plant is not too much hassle.
Furthermore, social media trends and posts popularity about the greener homes,
and offices is also substantiating the future growth of the India succulent
plants market in the forecast years, until 2026.
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. Based
on distribution channel, the market is divided between online and offline
distribution channels. The market segmentation based on application is
fragmented between residential and commercial sub-segments. The market analysis
also studies the regional segmentation to devise regional market segmentation,
divided among North India region, South India region, East India region, and
West India region.
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. New
market players are also actively entering the market in the recent years and
further strengthening the growth of the future market growth.
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Attribute
|
Details
|
Base Year
|
FY2021
|
Historic Data
|
FY2017 – FY2020
|
Estimated Year
|
FY2022
|
Forecast Period
|
FY2023 – FY2027
|
Quantitative Units
|
Revenue in USD Million, Volume in Units, and CAGR for FY2017 –
FY2020 and FY2023 – FY2027
|
Report Coverage
|
Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
|
Segments Covered
|
·
Type
·
Distribution Channel
·
Application
|
Regional Scope
|
North; South; East; West;
|
Key Companies Profiled
|
Sunder Nursery, Ugaao, Mera Maali, NurseryLive, myBageecha, Nurturing
Green, Root Bridges
|
Customization Scope
|
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
|
Pricing and Purchase Options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
Delivery Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
|
Report Scope:
In this report, India succulent plants market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- India Succulent Plants Market, By Type:
- Indoor Interior
- Outdoor Shade
- India Succulent Plants Market, By Distribution
Channel:
o Online
o Offline
- India Succulent Plants Market, By Application:
- India Succulent Plants Market, By Region:
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in India succulent plants market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
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is an upcoming report to be released soon. If you wish an early delivery of
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