Why The Indoor Plants Market Is Growing Rapidly
Indoor plants are a great way to add some life and freshness to your décor, and according to a recent report by Data Bridge, customers and businesses are catching on. The indoor plant market is expected to boom from $17.93 billion in 2021 to $26.23 billion in 2029, marking a major increase in the popularity of indoor gardening as both décor and a hobby. The report pinpointed two major reasons as to why the market is growing so quickly, so if you're wondering why previously minimalist homes have been transforming into lush oases, keep reading.
This Data Bridge report examined global trends across many sectors of the indoor plant market and covered everything from sunshine-fueled choices like the ever-popular snake plant to the shade-loving and low-maintenance peace lily. Across the board, the report predicted an increase in both buying and selling of these living decorations and outlined many opportunities for gardening and horticulture businesses to grow in the coming years.
Mental health benefits
According to the Centers for Disease Control and Prevention, more than 50% of people in the United States will be diagnosed with a mental health disorder during their lives. Mental health issues can be just as impactful as physical illnesses, so it's important to take care of your mind as well as your body. Gardening is a great way to get some physical exercise and experience the satisfaction of a job well done, but many people are limited on outdoor space. Bringing plants indoors can provide a healthy and fulfilling hobby that offers a break from everyday stressors while also freshening up the environment.
Plants could also help by purifying the air. Instead of absorbing oxygen and emitting carbon dioxide like humans and other animals, they reverse the process, providing fresh oxygen as a byproduct of photosynthesis. Studies (such as NASA's clean air study) show mixed results on plants' ability to truly remove toxins from the air, but at the very least, they help to absorb some of the carbon dioxide in the environment and bring some more oxygen into a space.
Natural home décor
Even if you'd rather opt for something low-maintenance than spend your days gardening, a bit of greenery can still bring some benefits into your home. Indoor plants come in a variety of sizes, colors, and styles to match your aesthetic and bring some interest to a room that may otherwise feel flat or sterile. They've also been proven to increase productivity and reduce mental fatigue and stress, an incredibly helpful benefit if you find yourself worn out after a long day on the job or are still working from home (via Washington State University). Anything from a massive fiddle leaf fig to a few small succulents can leave your indoor space with a fresh new look.
The indoor plant market has been growing recently, but it's about to see a major boom in the next few years. It's no surprise why — decorating with indoor plants is both aesthetically pleasing and can prove beneficial to your mental and physical health.