Terrarium Market to Grow with an Impressive CAGR During the Forecast Period
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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