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How Popular Are Artificial Flowers?

Views: 3     Author: Site Editor     Publish Time: 2024-06-17      Origin: Site

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How Popular Are Artificial Flowers?

Artificial Flowers Market Size and Trends


The global artificial flowers market size was estimated at USD 2.84 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.9% from 2023 to 2030. The market is driven by the growing demand for low-maintenance and long-lasting home decor products, especially in commercial spaces and homes. The continuous advancement in technology has led to the production of highly realistic and visually appealing artificial flowers, further driving the market growth. The availability of artificial flowers in various shapes, sizes, and colors, catering to different customer preferences, has contributed to the market expansion. Moreover, the growing trend of giving artificial flowers for various occasions and events has also significantly contributed to the growth of market demand.

The artificial flowers industry is experiencing a major surge in popularity, driven by the current home decor trends. In June 2022, Hobbycraft, a UK-based craft supermarket retail chain, reported that artificial flowers have become a major trend, with a significant increase in sales of 8% since the previous year. In October 2021, major retailers such as Tesco and Amazon reported a significant increase in artificial flower sales, driving market growth. One of the key drivers is the cost-effectiveness and convenience of artificial flowers, which do not need to be replaced and cleaned as frequently as real flowers. Moreover, the trend is moving beyond traditional vase displays, with people starting to look at incorporating artificial flowers into creative arrangements such as wreaths.

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The artificial flower industry is experiencing significant growth, driven by innovations such as realistic polyether polyurethane (PU) foam technology. Historically, artificial flowers have been considered cheap and low-quality. However, advancements in manufacturing processes and materials have led to the creation of high-quality, lifelike artificial flowers that closely resemble real flowers. These realistic flowers, especially those made with PU foam, offer benefits such as low maintenance, durability, and vibrant colors, making them ideal for commercial spaces such as offices, hotels, spas and salons, and retail stores. Their longevity, cost-effectiveness, and customization options have driven their adoption in a variety of settings, contributing to the overall growth of the market.

Based on material, the polyester segment contributed 33.98% revenue share in 2022 and is expected to maintain its leading position during the forecast period. This is mainly attributed to the high versatility and durability offered by polyester fiber, making it ideal for manufacturing realistic and long-lasting artificial flowers. Its ability to maintain vibrant colors and intricate details enhances the visual appeal of polyester flowers. Moreover, manufacturing artificial flowers with polyester fabric is cheaper than materials such as silk, which has driven its popularity and demand.

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The silk flowers segment accounted for 11.97% revenue share in 2022. The market has a long history rooted in the ancient Chinese silk making techniques. Artificial flowers were initially made with silk and gained prominence when Italian and French artisans began making fake flowers from silkworm cocoons. With the evolution of materials and technological advancements in manufacturing processes, polyester and plastic have become the preferred materials for producing artificial flowers.

The paper industry is expected to grow at a CAGR of 7.4% during the forecast period. This is mainly attributed to paper being a sustainable alternative to materials such as polyester and plastic, in line with the growing environmental awareness among consumers. Furthermore, advancements in papermaking technology have led to the creation of highly realistic and visually appealing artificial flowers, enhancing their appeal. The affordable price of paper as a raw material also makes these artificial flowers cost-effective and appealing to budget-conscious consumers. Furthermore, the growing popularity of DIY (Do It Yourself) crafts and home decor projects has boosted the demand for paper artificial flowers, driving market growth.

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Eva
Eva is a salesperson with twelve years of foreign trade experience. She has rich work experience in traditional trade and e-commerce trade. She has been engaged in handicraft product-related industries for seven or eight years. She owns a very powerful factory. In 2019, she started to establish her own export trading company. She serves every customer with sincerity and enthusiasm, making all customers very satisfied.
Quanzhou Xingfeng Gengxin Import and Export Trading Co., Ltd. was established in 2019. It is a mid-to-high-end customized production enterprise specializing in the research and development, production and service of resin, iron art, cloth art, enamel and paraffin and other handicrafts.

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