Pots and Planters Market - Global Outlook & Forecast 2023-2028

MARKET INSIGHTS

The global pots and planters market size was valued at USD 1.05 billion in 2022 and is expected to reach USD 1.37 billion by 2028, growing at a CAGR of 4.64%. The market is majorly driven by the factors such as the rapid pace of industrialization, the increase in construction of commercial spaces, and the surge in focus on the development of green cities to promote sustainable lifestyles have contributed to the demand for green spaces across the globe. Also, tourism revival during the post-pandemic phase and the high demand for recreational green spaces have contributed to increased gardening activities worldwide. Thus, the surge in gardening is expected to generate a sustainable demand for pots and planters across the globe in the coming years.

North America is home to several large industries, including construction. Moreover, the U.S. residential sector supports the demand for pots and planters across the region. The rising construction activities, disposable incomes, and business establishments are driving the market's growth. The growing competition in the landscaping industry in the U.S. has made these services more affordable for a wider range of customers, which, in turn, is driving the pots and planters market in the region. Further, the rising number of dual-income households has supported the market in recent years.

MARKET TRENDS & DRIVERS

Growing Adoption of Vertical Gardens
Vertical gardens are increasingly popular for large installations such as apartment buildings, public spaces, and commercial properties. Vertical gardens are one of the best methods to bring nature into urban sector spaces. They offer a wide range of benefits, such as it helps in lowering air pollution since plants filter out dangerous toxins, and they can help improve biodiversity since they offer habitats to various creatures. In cities planting trees is a great way to help safeguard the environment and make it a more pleasant place to live. They can also help lower stress, providing a peaceful and calming atmosphere. Various vertical gardens are available, each providing an exclusive way to grow plants in confined, small spaces. Hydroponic vertical gardens are one of the most common vertical gardens, as instead of soil, they use nutrient-rich water to allow plants to thrive.

Increasing Commercial Construction Activities
The global construction industry is witnessing new developments and market trends. Moreover, technological transformation is a major factor influencing this growth, along with significant changes in design and installation. The growing population, rising demand for public construction activities, and growing investments in renewables and telecommunication are expected to fuel the growth of the construction industry during the forecast period. The commercial sector is witnessing constant growth since 2021 with the reopening of the economy. The construction of hotels, amusement parks, private & government offices, and sports & convention centers is growing, supporting the pots and planters market.

INDUSTRY RESTRAINTS

Variability in Raw Material Prices
Raw material costs comprise 50−60% of the overall cost of production. The quality and lifespan of pots and planters heavily depend on the materials and key raw materials used in designing pots and planters to ensure the product's safety. The prices of major raw materials used to manufacture pots and planters, such as plastic and steel, have been volatile over the last few years. The volatility of raw material prices seriously threatens vendor margins in the global pots and planters market. Other operating expenses, such as labor costs, are also sharply increasing. Chinese manufacturers add more uncertainties to the company’s top line. These factors burden vendors striving to produce efficient pots and planters at affordable costs to cope with the competition in the industry.

SEGMENTATION INSIGHTS

INSIGHTS BY MATERIAL TYPE
The plastic material type segment is expected to be the largest in the global pots and planters market, accounting for over 28% share in 2022. Plastic pots and planters are available in various shapes, sizes, and colors. There are several types of plastic pots and planters. Low-density polyethylene (LDPE) pots, high-density polyethylene (HDPE) pots, high-impact polystyrene (HIPS) pots, and polypropylene (PP) pots. During the forecast period, the plastic pots and planters segment is expected to gain a significant industry share by catering to the consumer base that earlier preferred clay pots. Several factors have boosted and are still boosting the demand for plastic pots and planters across the globe. The housing sector is gradually gaining traction, and the total demand for housing materials and products is increasing. Plastic pots and planters are available in various shapes, sizes, and colors.

INSIGHTS BY APPLICATION
The global pots and planters market by application is segmented into residential, commercial, and others. Presently, homeowners increasingly prefer to design ornamental gardens with lush flora and fauna and fancy pots and planters. Nowadays, with people using pots of different types, gardening is much more than a hobby to enhance the décor of balconies, windows, open spaces, and terraces. Sales of pots and planters are booming in the household sector and are projected to keep growing. The industry outlook is strong in the residential sector, and buyers of all ages are keen to bring green goods home. Also, household pots and planters create a highly visible online presence that has helped build momentum in pots and planters sales.

INSIGHTS BY DISTRIBUTION CHANNEL
The offline distribution channel segment dominated the global pots and planters market in 2022. Offline sales of pots and planters were high compared to online sales as consumers prefer to shop for pots and planters in person due to the lack of awareness of the types and sizes of pots. This segment constitutes supermarkets, hypermarkets, and discounters such as Walmart, Lowe’s, Costco, Sears, Tesco, Home Depot, and Target, which sell various types of products. Factors such as broader reach in areas that lack better connectivity and high consumer trust associated with personally experiencing the quality of products are driving the growth of this segment.

GEOGRAPHICAL ANALYSIS

The global pots and planters market is highly developed in Europe, North America, and APAC owing to the increasing economic development, construction sectors, and tourism sector contributing to the growth of the pots and planters market. On the other hand, Latin America and the Middle East are highly potential markets that help manufacturers to expand their product segments, thereby increasing sales. In 2022, Europe dominated the global pots and planters market. The high demand is attributed to the increased demand for landscaping services due to the widespread green areas across the region. Further, Nordic countries are driving the rapid growth of pots and planters in the next five years. The demand can also be more significant in Western Europe than in Eastern Europe due to the rapid rate of renovation and infrastructure development activities.

The urbanization of developing countries in APAC is expected to bolster the demand for gardens and recreational parks, thereby driving the pots and planters market during the forecast period. Also, multifamily residential properties are witnessing increasing prominence in the region. These properties are largely characterized by widespread green areas, promoting the demand for garden products in the market. Further, the increasing government initiatives in developing countries to expand infrastructure constructions and maintain the aesthetics and beauty of the surroundings are boosting the usage of garden products, thereby providing significant growth opportunities to the pots and planters market.

COMPETITIVE LANDSCAPE

The global pots and planters market is highly fragmented, with many local and international players. The market is characterized by diversified international vendors and a few regional vendors. Prominent players in the market include The HC Companies, Nursery Supplies, East Jorden Plastics, Poppelmann, and Keter. Manufacturers stress effective ways in which new goods are introduced to produce, assemble, and sell while satisfying customers’ different needs and requirements. Major vendors distribute their products via dealers, distributors, mass retailers, and online channels. In addition, these vendors focus on establishing a close partnerships with retailers of pots and planters.

Major vendors are also introducing new cost-cutting and operating efficiency steps through various initiatives, such as maintaining direct material cost-out operations, right-sizing the supply chain footprint, reducing indirect material and logistics costs, and increasing revenue and operating spending performance. Further, competition in the different product segments is expected to escalate with the growing technical advances among participants. The rising rivalry can be due to the changing market pressures and evolving customer preferences across the globe in different geographical regions. Moreover, the growing trend for efficient use of capital resources is likely to gain prominence. Key competitive factors include reliability and quality, product innovation, product support, pricing, warranty, distribution, financing options, and shelf space.

ABOUT THE REPORT

The global pots and planters market is provided for 2023 to 2028 and a base year of 2022. The market is segmented by material type, application, distribution channel, and geography for the years considered. The report provides a holistic approach to the global pots and planters market to enable customers to analyze the market thoroughly.