Self-watering Pot Market is projected to reach a Valuation of US$ 649.6 Million by End of 2031

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PRESS RELEASE

Published February 1, 2023

WILMINGTON, DE / ACCESSWIRE / February 1, 2023 / Transparency Market Research Inc. – The global self-watering pot market is likely to expand at a CAGR of 8.0% between 2022 and 2031. Self-watering pots consist of a water reservoir that is connected to the soil inside the pot and once the soil in the pot turns dry, it automatically starts watering the plants. These pots usually consist of two vessels, one for holding the plant and the other for the water reservoir. Rise in inclination of people toward plantation and gardening is anticipated to drive the self-watering pot market during the forecast period.

Transparency Market Research inc., Wednesday, February 1, 2023, Press release picture

Rapid rate of population growth and urbanization has resulted in increase in demand for residential spaces. This also resulted in the need for trendy homes with indoor plants with self-watering pots to ensure ample care is provided to the plants in a systematic manner. Additionally, rapidly prompting social media trends, with influencers speaking about self-watering pots and gardening, is anticipated to augment the self-watering pot market during the forecast period.

According to TMR report, the global self-watering pot market stood at US$ 302.6 Mn in 2021 and is anticipated to reach US$ 649.6 Mn by the end of 2031. Increase in adoption of green ambience for restaurants and office setups, apart from residential spaces is likely to drive market size in the next few years.

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Key Findings of Study

  • Increase in Awareness about Advantages of Self-watering Pots: Self-watering pots offer advantages in terms of moisture-lock and plant health. Self-watering pot helps the plant in absorbing nutrients more easily than a regular plant pot and results in enhanced productivity. Increase in usage of self-watering pots in residential areas is anticipated to bolster the market in the near future.
  • Increase in Inclination toward Indoor Planting: Indoor plants do not regularly require water for well-being. This indicates that the plants only need to be watered once the soil starts to turn dry. Adoption of self-watering pots eases the job of regularly checking the plant health on the one side and prevents it from over-watering or getting completely ignored on the other side. These advantages are expected to present significant business opportunities in the self-watering pot market in the next few years.

Key Drivers

  • Rise in inclination toward gardening and plant décor for indoor spaces is projected to boost market growth during the forecast period
  • Relaxed ambience and improved productivity of individuals working or living among indoor plants and greenery is anticipated to increase adoption of self-watering pots in future
  • Growing inclination toward decorating homes and office spaces with indoor plants is a major market trend

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Regional Growth Dynamics

  • Asia Pacific is projected to dominate the global market during the forecast period owing to rapid adoption of plants in residential and commercial spaces. India and China are the key markets in the region.
  • The market in North America and Europe is expected to witness strong growth during the forecast period owing to increase in adoption of plants in homes and rise in trend of indoor & outdoor planting among people in the U.S. and Canada.

Key Players

Prominent players of the global self-watering pot market include IKEA, Tabor Tools, Novelty Manufacturing Co., Lechuza, Hosco India, HBServices USA, Glowpear, Gardener’s Supply Company, Crescent Garden, and Cole & Mason.

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Self-watering Pot Market Segmentation

Material

  • Stone
  • Wood
  • Metal
  • Polypropylene
  • Others

Mount Type

  • Floor Standing
  • Hanging
  • Tabletop
  • Wall Mount
  • Window Mount

Shape

  • Oval
  • Rectangular
  • Round
  • Square

Depth

  • Up to 9.9 in
  • 10 to 11.9 in
  • 12 to 17.9 in
  • 18 to 23.9 in
  • 24 in and above

Price

End-use

  • Household/Residential
  • Commercial
    • Hotel
    • Restaurant
    • Mall
    • Others

Distribution Channel

Regions

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Countries

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia & CIS
  • Rest of Europe
  • China
  • India
  • Australia
  • ASEAN
  • Rest of Asia Pacific
  • GCC
  • South Africa
  • Rest of Middle East & Africa
  • Brazil
  • Mexico
  • Rest of Latin America

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About Transparency Market Research

Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research company providing custom research and consulting services. TMR provides in-depth insights into factors governing demand in the market. It divulges opportunities across various segments based on Source, Application, Sales Channel, and End-Use that will favor growth in the market over the next 9 years.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Transparency Market Research Inc.
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SOURCE: Transparency Market Research inc.

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