Artificial Flowers Market: Global Industry Analysis, Market Size, Trends, and Forecast to 2023
INFINIUM GLOBAL RESEARCH
Artificial Flowers Market Global Industry Analysis, Market Size, Trends, and Forecast to 2023
INTRODUCTION REPORT DESCRIPTION Artificial flowers are imitation flowers, manufactured by using materials such as clay, foam, latex, leather, nylon, paper, porcelain, silk, soap, polyester, plastic and wax among others. Artificial flowers are used for interior decoration of buildings, floral arrangements for events and vehicles among others. Artificial flowers with stems find its place in homes in flower vases or pots as an alternative to live plant with flower. Artificial flowers do not need special care like nurturing natural flowers. Artificial flowers are colorful, cheaper than natural flowers, eco-friendly, easy to clean and it last longer. Artificial flowers are available during all seasons and it is suitable for people with floral allergies. Advanced technologies are making artificial flowers resemble the respective natural flowers visually and even touches provide similar feeling of flowers. Artificial flowers are widely popular as gift item. Artificial flowers provide similar grandeur to natural flowers in floral arrangements. Artificial flowers will not bruise, wilt or weep. It is easily transportable and can be delivered days or weeks before the events, as it will not get spoiled. Customization of artificial flowers makes it even more personalized than natural flowers. Artificial flowers are used for bouquets, garlands, vases and wreaths. Artificial flowers now account to about a quarter of overall floral sales, which includes natural flowers and dried flowers. Artificial flowers are available in all seasons, while the respective natural flowers are available in only specific seasons, and hence the demand for special flowers during off seasons is anticipated to create demand for artificial flowers in near future. The increasing demand for lasting imitation flowers at lower cost is driving the growth of the global artificial flowers market. The use of pesticides and other chemicals to grow and preserve natural flowers are driving people with allergies towards artificial flowers. The booming event management industry relies on artificial flowers for floral arrangement significantly at short notice and it is driving the growth of the market. Artificial flowers in bouquets, pots, cut and loose forms are getting more demand as gifting item in many countries. The growing demand for artificial flowers to decorate homes and commercial spaces during major festivals, due to the high cost of natural flowers and delivery issues, drives the growth of the market. Increasing demand for pre-made floral arrangements of silk and other artificial materials are anticipated to drive the growth of the market. Increasing display of artificial flowers 2
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Artificial Flowers Market Global Industry Analysis, Market Size, Trends, and Forecast to 2023
in retail stores, supermarkets/hypermarkets and also online stores are influencing the customer preferences and it is anticipated to impact the marker positively. Stems cut artificial flower segment is anticipated to grow significantly during the forecast period 2017-2023. Higher price of artificial flowers in some countries force the manufacturers to focus on exports, rather than on local markets. Reluctance of customers due to lack of awareness about the materials used for manufacturing of artificial flowers hinder the growth of sales in some regions. Unavailability of skilled craftsmen to make artificial flowers in traditional way is hinders certain segments of artificial flowers market. These are major restraints for the global artificial flowers market. Higher cost of exotic flowers and greater export of top quality local flowers provide growth opportunities for the major manufacturers to expand in emerging countries. Changing weather conditions are impacting the cultivation of natural flowers and it is anticipated to provide growth opportunities for artificial flower manufacturers in near future. Increasing preference for artificial flowers as gift item is anticipated to provide growth opportunities for the market. The global market is expected to grow at a CAGR of x.x% over the forecast period of 2017 – 2023.This report estimates the market size of Artificial Flowers in terms of value (USD Million)over the period of 2015 to 2023. The year 2015and 2016are considered to be base years, and 2017 to 2023 is considered to be a forecast period. The market sizes for Artificial Flowers by Vertical, by Material type, and by regions are estimated in terms of value. This market research study provides detailed qualitative and quantitative analyses of the Global Artificial Flowers market. Additionally, the report provides a comprehensive review of the major market drivers, restraints, opportunities in the global as well as regional markets of Artificial Flowers. The market analysis covers major geographic regions, such as North America, Europe, Asia-Pacific, and, Rest of the World (RoW). The market size and forecasts are also given for these regions. Furthermore, this report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of Artificial Flowers market. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the Global Artificial Flowers market that will impact the demand during the forecast period. The IGRGrowth Matrix analysis provided in this report highlights key investing markets in 3
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Artificial Flowers Market Global Industry Analysis, Market Size, Trends, and Forecast to 2023
the world. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly. SEGMENTATION AND RESEARCH SCOPE ARTIFICIAL FLOWERSMARKET SEGMENTATION
Material Type • • • • • • • • • • • • • • • •
Clay Cotton Foam Glass Latex Leather Nylon Paper Porcelain Satin Silk Soap Polyester Plastic Wax Others
Applications
• Commercial • Industrial
The report covers the analysis of global as well as regional markets of Artificial Flowers Market. The global artificial flowers market is segmented by application and by material type. The global artificial flowers market by application covers commercial and residential. Based on material type, the market is segmented as clay, cotton, foam, glass, latex, leather, nylon, paper, porcelain, satin, silk, soap, polyester, plastic and wax among others.
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Artificial Flowers Market Global Industry Analysis, Market Size, Trends, and Forecast to 2023
RESEARCH METHODOLOGY Infinium Global Research published reports are based on extensive primary and secondary research methods. The research begins with extensive exploration through secondary sources followed by primary research. With these research methods we were able to estimate the market size of the Artificial Flowers market, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market. Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get in the coming days.
RESEARCH METHODOLOGY: AN OUTLINE
Primary Research
Secondary research
• Primary sources of the information and data include • Industry Experts/ consultants • Top level executives in the key market players • Subject matter experts • Academicians and research scholars
• Secondary sources of the information and data include • Company reports and publications • Government/institutional publications • Trade and associations’ journals • Databases • Websites and publications by research agencies • Others
P r i ma r y R es ea r c h Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through 1. Key Opinion Leaders associated with Infinium Global Research 2. Internal and External subject matter experts 5
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Artificial Flowers Market Global Industry Analysis, Market Size, Trends, and Forecast to 2023
3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers Our primary research respondents typically include 1. Executives working with leading companies in the market under review 2. Product/brand/marketing managers 3. CXO level executives 4. Regional/zonal/ country managers 5. Vice President level executives. Se c on da r y R es ea r ch Secondary research involves extensive exploring through the secondary sources of information available in both public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources. The secondary sources of the data typically include • Company reports and publications • Government/institutional publications • Trade and associations’ journals • Databases such as WTO, OECD, Hoovers, Factiva, and World bank, among Healthcare & Life Sciences. • Websites and publications by research agencies R es ea r c h M e th od o log y: D A T A c ol l ec ti on ma tr ix
Demand Side analysis
Global market size (Consumption)
Supply Side Analysis
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Production +Import -Export
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Artificial Flowers Market Global Industry Analysis, Market Size, Trends, and Forecast to 2023
Data collection matrix explains the triangulation of the data collected to arrive at the market size of the Global Artificial Flowers market. The supply side analysis considers the production and supply of Artificial Flowers. The supply side analysis also takes into consideration the suppliers of raw materials, the manufacturers and other stakeholders involved into supply of the Artificial Flowers. The demand side analysis considers the product areas of the Artificial Flowers market. In this approach the various industry players are considered. The country-wise sales values provide the data of consumption of Artificial Flowers in the regional as well as global markets. Moreover, this approach helps analyze the future trends and the market size of the global as well as regional Artificial Flowers market. In order to arrive at the market size as well as to validate the data findings from supply and demand side analyses the import, export and production data are considered. The consumption in the global, regional as well as country markets is estimated using the following formula RESEARCH APPROACHES The study on Global Artificial Flowers market provides deep insights into the trends and opportunities in the market for the forecast period 2017 to 2023. Moreover, the market estimates are provided in terms of revenue in USD Million. The research also covers the analysis of the various segments in the Global Artificial Flowersmarket. The estimates in the Global Artificial Flowersmarket are based on both bottom-up and top-down approaches. RESEARCH APPROACHES- BOTTOM UP
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• •
Accumulation of the country level market size (sales value) Regional market size of artificial flowers
• •
Segment revenue of the key players Country level market size by type (sales value)
•
Identifying key players in the artificial flowers market
•
Accumulation of the regional/country market size (sales value)
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Artificial Flowers Market Global Industry Analysis, Market Size, Trends, and Forecast to 2023
In the bottom-up approach the revenues of the key players are determined and added to arrive at the country or regional market size. The country market sizes added to arrive at the regional market size. Further, the market size of the regions is added to arrive at the global market size of Artificial Flowers market. RESEARCH APPROACHES- TOP-DOWN
• Global market size of artificial flowers market • sales value for 2015 to 2016 Global market
Market Segments
• % breakdown by market segments by types and applications of artificial flowers • sales value for 2015 and 2016
Top- Down Approach Determine the regional market size
Country Level market sizing
• Regional market size of the artificial flowers market (sales value) • Regional market size of product types and applications in terms of value
• Country level market size of the artificial flowers market in every region (sales value) • Country level market size of product types and applications in every region
In the top-down approach the global market size is estimated based on the secondary research and historic data. Using this approach the regional market size is obtained by splitting the global number by percentage share of each region such as North America, Europe, Asia Pacific,and RoW. Get Free Sample Pages of This Premium Report: https://www.infiniumglobalresearch.com/reports/sample-request/47
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Artificial Flowers Market Global Industry Analysis, Market Size, Trends, and Forecast to 2023
IGR- RESEARCH METHOD AND DATA TRIANGULATION SECONDARY SOURCES.
PRIMARY SOURCES
• Industry Publications
end-use
•C-level executives in the leading manufacturing companies of Geospatial Imagery Analytics Product managers •Sales managers •Industry consultants •Distributors/Suppliers
• Industry news ‘ • Data sources • Others
Infinium’s Data bank/Know how
• Annual Reports • Presentations • Company Websites • Press Releases • News Articles • Journals Primary Research
Secondary Research
• Paid Databases
Company Publications .
SUPPLY SIDE
of
General. Publications
DEMAND SIDE
• Government Agencies’ Publications
•Top executives industries •Intermediaries
Data Triangulation and Information Sources
The market size of Artificial Flowers is determined based on the top down approach. The market size is validated using primary interview with the participants working in some of the leading players in the Artificial Flowers market. The primary interview participants typically include managers and CXO level executives of the leading players in this market. The primary interviews not only help identify the market size of the Artificial Flowers market but also identify the factors that promote the growth in the market and the factors that restrain the growth in this market. The views of primary respondents were reconciled to provide qualitative analysis of the Artificial Flowers market. The primary respondents also help identifying top 5-10 players and their possible market share in the respective country markets and in world market. The bottom-up approach is used to validate the global market size of Artificial Flowers. With the help of primary interviews and secondary research the market size of Artificial Flowers is determined for each country studied, which then is added to arrive at the regional market size and thereby obtaining global market size. This in turn helps us to validate the market size of Artificial Flowers in the world market. EXECUTIVE SUMMARY GLOBAL ARTIFICIAL FLOWERSMARKET HIGHLIGHTS, (USD MILLION) The Global Artificial Flowers market to grow from USD x.xmillion in 2016 to USD xx.xMillion by 2023, at a Compound Annual Growth Rate (CAGR) of 1x.x%. The year 2016 has been considered as the base year, while the forecast period is from 2017 to 2023. Artificial flowers are imitation flowers, manufactured by using materials 9
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Artificial Flowers Market Global Industry Analysis, Market Size, Trends, and Forecast to 2023
such as clay, foam, latex, leather, nylon, paper, porcelain, silk, soap, polyester, plastic and wax among others. Artificial flowers are used for interior decoration of buildings, floral arrangements for events and vehicles among others. Artificial flowers with stems find its place in homes in flower vases or pots as an alternative to live plant with flower. Artificial flowers do not need special care like nurturing natural flowers. Artificial flowers are colorful, cheaper than natural flowers, ecofriendly, easy to clean and it last longer. Artificial flowers are available during all seasons and it is suitable for people with floral allergies. Advanced technologies are making artificial flowers resemble the respective natural flowers visually and even touches provide similar feeling of flowers. Artificial flowers are widely popular as gift item. Artificial flowers provide similar grandeur to natural flowers in floral arrangements. Artificial flowers will not bruise, wilt or weep. It is easily transportable and can be delivered days or weeks before the events, as it will not get spoiled. Customization of artificial flowers makes it even more personalized than natural flowers. Artificial flowers are used for bouquets, garlands, vases and wreaths. Artificial flowers now account to about a quarter of overall floral sales, which includes natural flowers and dried flowers. Artificial flowers are available in all seasons, while the respective natural flowers are available in only specific seasons, and hence the demand for special flowers during off seasons is anticipated to create demand for artificial flowers in near future. The increasing demand for lasting imitation flowers at lower cost is driving the growth of the global artificial flowers market. The use of pesticides and other chemicals to grow and preserve natural flowers are driving people with allergies towards artificial flowers. The booming event management industry relies on artificial flowers for floral arrangement significantly at short notice and it is driving the growth of the market. Artificial flowers in bouquets, pots, cut and loose forms are getting more demand as gifting item in many countries. The growing demand for artificial flowers to decorate homes and commercial spaces during major festivals, due to the high cost of natural flowers and delivery issues, drives the growth of the market. Increasing demand for pre-made floral arrangements of silk and other artificial materials are anticipated to drive the growth of the market. Increasing display of artificial flowers in retail stores, supermarkets/hypermarkets and also online stores are influencing the customer preferences and it is anticipated to impact the marker positively. Stems cut artificial flower segment is anticipated to grow significantly during the forecast period 2017-2023. 10
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Artificial Flowers Market Global Industry Analysis, Market Size, Trends, and Forecast to 2023
Higher price of artificial flowers in some countries force the manufacturers to focus on exports, rather than on local markets. Reluctance of customers due to lack of awareness about the materials used for manufacturing of artificial flowers hinder the growth of sales in some regions. Unavailability of skilled craftsmen to make artificial flowers in traditional way is hinders certain segments of artificial flowers market. These are major restraints for the global artificial flowers market. Higher cost of exotic flowers and greater export of top quality local flowers provide growth opportunities for the major manufacturers to expand in emerging countries. Changing weather conditions are impacting the cultivation of natural flowers and it is anticipated to provide growth opportunities for artificial flower manufacturers in near future. Increasing preference for artificial flowers as gift item is anticipated to provide growth opportunities for the market. MARKET OVERVIEW AND COMPETITIVENESS DRO ANALYSIS DRO stands for drivers, restraints and opportunities. The DRO analysis involves, identifying the factors that are likely to have impact on the Global Artificial Flowers market. It covers analysis of short term and long term impact of drivers and restraints. Through this analysis both short term and long term opportunities are identified. These opportunities present the investment options and new markets for the market players in the Artificial Flowers market. Drivers refer to the factors that are expected to drive or boost the market size or demand for Artificial Flowers. The analysis involves identification of both demand side and supply side factors that drive the demand as well as environmental factor that favor the market conditions for growth of Artificial Flowers market both in short run and long run. IGR- GROWTH MATRIX ANALYSIS Growth matrix developed by Infinium Global Research, also known as IGR-Growth Matrix helps understand the market situation of the business segments. It helps identify the most attractive segment for the investment purpose and helps the companies to make better decisions in strategy making. The IGR- Growth Matrix presents the zones that define the position of the product segment and Function 11
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Artificial Flowers Market Global Industry Analysis, Market Size, Trends, and Forecast to 2023
segment based on the market size, growth anticipated and the growth factors & historic growth. Following are the zones that IGR- Growth Matrix considers Risky Zone: Low market size and low growth rate. Investment in this segment is risky Retention Zone: High market size and low growth rate, the companies operating in this segment should retain their investments in this segment. Companies may focus on extensive marketing and advertisements Consolidation zone: High growth rate and high market size, the companies operating in the segments that have high market size and high growth should focus on consolidating their market position in these segment. Mergers and acquisitions, extensive marketing programs, and new product developments can be used as marketing strategies to consolidate the market in these segments. Opportunity Zone: High growth low market size Safe Zone: Moderate growth and moderate market size. IGR- GROWTH MATRIX ANALYSIS Growth Rate
Consolidation zone
Opportunity zone High
Low Risky zone
Retention zone Market Size High
Low
North America
Europe
Asia-Pacific
RoW
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