Increasing urbanization and reduced cultivation area are expected to drive the growth of Asia Pacific bonsai market
According to TechSci Research report, “Asia Pacific Bonsai Market By Type, By Style, By Distribution Channel, By Country, Competition, Forecast & Opportunities, 2024” the Asia-Pacific bonsai market is expected to grow at a steady rate during the forecast period owing to their aesthetically pleasing shapes and low maintenance. Additionally, growing demand from various metropolitan cities due to the lack of space in these areas is anticipated to spur the growth of market during forecast period. However, watering issues can hamper the growth of market during forecast period. Also, factors like over pruning of bonsai trees, using wrong techniques of growing, not feeding or using fertilizers, among others are further expected to restrict the growth of market.
Browse market data Tables and Figures spread through Pages and an in-depth TOC on“Asia Pacific Bonsai Market”
The Asia-Pacific Bonsai market is segmented based on type, style, distribution channel, country and company. Based on type, the market can be divided into indoor bonsai trees and outdoor bonsai trees. The outdoor bonsai trees segment is expected to witness significant growth during forecast period on account of the reduced outdoor spaces for cultivation and increasing awareness among the consumers regarding indoor air quality and environment maintenance. Based on distribution channel, the market can be bifurcated into store-based and non-store-based. The non-store-based segment is expected to dominate the market since most of the population is preferring to buy these plants from online platforms.
The Bonsai Company Ltd., Bonsai Network Japan, Ferns & Petals, Nursey Live, Nurturing Green and others are some of the leading players operating in Asia-Pacific bonsai market. Companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.
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“Asia-Pacific bonsai market is expected to register substantial growth during the forecast period owing to the reducing agricultural spaces due to constantly increasing population in the region. Additionally, growing popularity of bonsai in economies such as India, on account of the improved standard of living, lack of space in urban areas and increasing awareness regarding environment is expected to further propel the market through 2024.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Asia Pacific Bonsai Market By Type, By Style, By Distribution Channel, By Country, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of Asia-Pacific bonsai market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Asia-Pacific bonsai market.