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 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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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).