Increasing online shopping is driving the growth in global terrarium market in the forecast period, 2022-2026.
According to TechSci Research report, “Terrarium Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2016-2026”, the global terrarium market would potentially project an impressive growth in the forecast period, 2022-2026, with an impressive CAGR on the account of increasing demands from the floriculture sector. The rapidly increasing demands from the consumers demanding aesthetically pleasing indoor plant or mini forest systems is driving the growth of the global terrarium market in the upcoming five years. Demand for effective and efficient carrying out the indoor or succulent plant placement is also supporting the growth of the global terrarium market in the next five years.
Also, increasing demand for the plantation of more plants to enhance the air quality and make indoor air more breathable and toxin free, the demand for terrariums is increasing thus aiding the growth of the global terrarium market in the future five years. Terrariums are also utilized to foster single fishes in a fish-bowl aquariums thus substantiating the growth of the global terrarium market in the forecast years. Technological advancement in manufacturing of the terrarium also plays a vital role in future growth of the global terrarium market in the forecast period, until 2026.
Multiple market players are entering the international market and shipping products outside their home grounds, expanding the industry, and also supporting the growth of the global terrarium market in the forecast period. The small, compact, and beautiful set up of artificially made natural habitat definitely forms an elusive outlook to our homes and office desks and inclining consumer purchase behavior toward the lush forests in a glass bottle concept, further driving the global terrarium market growth.
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The global terrarium market is segmented on the basis of container type, type, sales channels, competitional landscape, and regional distribution. Based on container type, the market is further fragmented into glass, plastic, and others. Glass containers are expected to register largest revenue shares of the market and dominate the market segment in the upcoming five years on the account of increasing consumer demand for the aesthetic and ornamental plant decorative items for the home and office decorations. Glass containers are more aesthetically pleasing and gives lavish look to the product and thus the global terrarium market growth is expected in the next five years. Plastic containers are more reliable, and sturdy, and have better strength as compared to glass containers.
Based on these factors, the sub-segment is anticipated to register significant growth in the next five years. Other containers may include soda bottle terrarium, kokedama, air plants and other plant arrangements. Multiple market players are consistently researching over the different and aesthetically pleasing container ideas based on the consumer demand, and thus substantiating the growth of the global terrarium market in the future five years.
Based on type, the market is divided between sealed and open terrariums. Sealed terrariums can also be generalized as mini greenhouse setup. The plants that can survive inside a sealed environment with bare minimum air, water, and sunlight exposure are often utilized in the sealed terrariums. The sealed terrariums often come with removable lids that one can use to supply water, air and adjust the insides of the terrarium. The water released by soil and plants recycles in the enclosed space. Thus, the condensed water trickles down to the soil. They are mostly self-nourishing and require very less care.
Central Garden & Pet Company (Zilla), Spectrum Brands Pet, LLC (Tetra), Rolf C. Hagen Inc. (Exo Terra), REPTI ZOO, Carolina Custom Cages, are among the major market players in the global platform that lead the market growth of the global terrarium market.
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“Asia Pacific region is expected to register the largest revenue shares of the market due to increasing inclination of the population towards indoor farming in the countries like India, China, Japan, etc. The demand for terrarium is expected to increase due to rapid development of residential complexes for the increasing population in the countries like India and China. Lack of larger physical areas for growing gardens and flowering plants along with vegetative plants is further substantiating the growth of the global terrarium market. Rapidly increasing number of the market players investing in the manufacturing and extended research of the market for home decorative materials is also aiding the growth of the global terrarium market. New market players may focus on studying the consumer demands and extended research along with the smart product launches, thus aiding their brand establishment,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Terrarium Market - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2016-2026 Segmented By Container Type (Glass, Plastic, Others), By Type (Sealed and Open), By Sales Channels (Online vs Offline), By Region”, has evaluated the future growth potential of global terrarium 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 the global terrarium market.
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