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:
    • Residential
    • Commercial
  • India Succulent Plants Market, By Region:
    • South
    • West
    • North
    • East

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).
India Succulent Plants Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on India Succulent Plants Market

4.    Executive Summary

5.    Voice of Customer

5.1.  Brand Awareness

5.2.  Factors Contributing to Growing Demand of Succulent Plants

5.3.  Preference, By Type

5.4.  Preference, By Distribution Channel

5.5.  Barriers to Adoption of Succulent Plants

6.    India Succulent Plants Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Type (Indoor Interior v/s Outdoor Shade)

6.2.2.     By Distribution Channel (Online v/s Offline)

6.2.3.     By Application (Residential v/s Commercial)

6.2.4.     By Company (FY2021)

6.2.5.     By Region

6.3.  Product Market Map

7.    India Indoor Interior Succulent Plants Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Distribution Channel

7.2.2.     By End User

8.    India Outdoor Shade Succulent Plants Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Distribution Channel

8.2.2.     By End User

9.    Market Dynamics

9.1.  Drivers

9.2.  Challenges

10.  Market Trends & Developments

11.  Competitive Landscape

11.1.              Sunder Nursery

11.2.              Ugaao

11.3.              Mera Maali

11.4.              NurseryLive

11.5.              myBageecha

11.6.              Nurturing Green

11.7.              Root Bridges

12.  Strategic Recommendations

13.  About Us & Disclaimer

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]