According to a new report, published by KBV research, The Global Artificial Flowers Market size is expected to reach $2.1 billion by 2030, rising at a market growth of 4.9% CAGR during the forecast period. In the year 2022, the market attained a volume of 532.5 million units, experiencing a growth of 2.9% (2019-2022).
The Residential segment is showcasing a CAGR of 6.8% during (2023 - 2030). Increasing consumer preference for innovative home decorating products drives the residential segment's expansion. In addition, increased product accessibility and online channel penetration contribute to increasing demand. Residents can engage in creative DIY projects using dried or pressed flowers, such as making floral artwork, wreaths, or decorative crafts.
The Polyester segment is leading the Global Artificial Flowers Market by Material in 2022; thereby, achieving a market value of $761.9 Million by 2030. The increased demand in the polyester segment is due to cost-effectiveness, durability, and the material’s ability to combine with glues and dyes, which are essential for making artificial plants and flowers. Polyester flowers are designed to closely mimic the appearance of natural flowers. Advanced manufacturing techniques create intricate details, textures, and colors that make them look remarkably similar to their living counterparts.
The Online segment is experiencing a CAGR of 5.6% during (2023 - 2030). The high demand for artificial flowers is seen as a result of rising consumer preference for online purchases and the rapid expansion of online stores and e-commerce websites, particularly in Asian nations like Japan and India. Several retailers and manufacturers of artificial flowers are increasing online sales to generate new revenue streams.
The Europe region dominated the Global Artificial Flowers Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $725.1 Million by 2030. The North America region is anticipated to grow at a CAGR of 4.6% during (2023 - 2030). Additionally, The Asia Pacific region would showcase a CAGR of 5.4% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/artificial-flowers-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of FRS Holding s.r.l.u, Diane James Designs, Inc., Dongguan Fusheng Arts Products Co., Ltd., Artificial Flower Factory, TreeLocate (Europe) Limited, TreeScapes & PlantWorks, LLC, NGAR TAT PRODUCTION FTY. LTD., Plantscape Commercial Silk (PLANTSCAPE INC.), Xuzhou Pleasant Arts Flower Co., Ltd., and SG Silk Flower Limited
By Application (Volume, Million Units, USD Million, 2019-2030)
By Material (Volume, Million Units, USD Million, 2019-2030)
By Distribution Channel (Volume, Million Units, USD Million, 2019-2030)
By Geography (Volume, Million Units, USD Million, 2019-2030)
Companies Profiled
Unique Offerings 
