Planter Market - Introduction
The global planter market is growing rapidly due to the emergence of Omni channel retailing. Planters are available in a variety of sizes, colors, shapes, and materials. Rapid growth in the development of greenhouse technology and floriculture has helped to generate higher demand for planters. Nowadays, planters with attractive designs and custom textures and finishes are introduced to improve indoor or outdoor living environment. This is expected to boost the sales of planters in the next few years.
Global Planter Market: Competition Landscape
Presence of established as well as emerging players across the globe and targeting end-users with attractive designs are expected to drive the demand for planters in the next few years.
- Major manufacturers in the planter market emphasize on development of innovative products by opting for cost-effective raw material and decoration to meet the requirement of end-users
- Emerging players in the market are focused on new product development and collaborating with retailing channels, interior designers, nurseries, and green houses to enhance the sales of planters
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Lechuza is a Germany-based company. It was established in 2000. The company is a subsidiary of The Brandstätter Group. Lechuza provides planters in a variety of colors and shapes that are reliable for indoor and outdoor plantation. The company’s business is spread across 70 countries worldwide.
East Jordan Plastics, Inc.
East Jordan Plastics, Inc., was founded in 1947. The company involves in the business of manufacturing and distribution of plastic trays, plastic pots, and various other horticultural containers in North America. The company emphasizes on manufacturing of recyclable products as it is a prime way to protect the environment and reduce solid waste. Furthermore, the company is promoting itself as a prominent player across the region by introducing innovative products in mega events and trade show.
Keter Group was established in 1948 in Israel. The company is involved in the business of manufacturing and distribution of resin-based household and garden consumer products. Keter group sells its products through its own chain of retail stores. It has about 29 plants in Israel, Europe, and the U.S.
Other key players operating in the global planter market include Inc., Scheurich GmbH & Co. KG, Benito Urban, Milan Plast Pvt.Ltd, Garant GP, New England Garden Ornaments and The HC Companies.
Global Planter Market: Dynamics
Rise in Demand for Indoor Planters
Indoor planters are a popular choice as they tend to look great in a different premises. These can be placed as a standalone decor piece at home. Furthermore, consumers are inclining toward planters to improve the interior design of their commercial and residential places. The availability of planters in different sizes and shapes with unique finishes are found to be satisfactory among the users and used to enhance the interior decor of the house. In addition, rapid growth in residential and commercial sectors across the globe is expected to fuel the planter market during the forecast period.
Targeting Untapped Market
Rise in cultivation of herbs and ornamental plants is expected to enhance the sales of market in the near future. Collaboration with interior designers, green houses, and nurseries suppliers is expected to create significant opportunities for the planter market. In addition, investment in R&D for manufacturing of innovative products, targeting retailers and emerging markets are opening new doors of opportunities. Moreover, penetration of innovative product with attractive offers is expected to boost the planter market through online sales channel.
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Global Planter Market: Segmentation
Based on material, the global planter market can be divided into:
- Plastic composites
- Others (Fiberglass & Resins, Concrete, etc.)
In terms of application, the global planter market can be bifurcated into:
In terms of distribution channel, the global planter market can be categorized into:
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.