CAGR: 4.3%Current Market Size: USD 344.5 BillionFastest Growing Region: APAC
Largest Market: EuropeProjection Time: 2022-2029Base Year: 2021
Global Concrete Container market is expected to grow from USD 344.5 billion in 2021 to USD 482.4 billion by 2029, at a CAGR of 4.3% during the Projection period 2022-2029. The growth of this market is mainly driven owing to the growing use of gardening as a hobby.
Cement planters and concrete containers are among the many vessels you can grow your beloved plants. They can be found in many sizes, from small ones for planting herbs to planters large enough for small trees. There are many benefits to using concrete planters but also a few drawbacks. It should be noted that there is a distinction between cement and concrete – primarily, cement (along with rock) makes up concrete. According to Fireplace Doors Online, several benefits come with using concrete containers. First and foremost, they last a long time because they are made of hard, durable material. Concrete is used in buildings, so it should be no surprise that concrete planters are quite popular among gardeners. Similarly, because concrete has such a rough look, the damage will easily be hidden compared to wood, plastic, or clay materials. Concrete offers good heat insulation. The sun will warm the concrete and the soil inside it, and the concrete will keep the soil at a suitable, warm temperature, which can be ideal for growing plants that come from warmer climates or ones with a higher heat requirement. Also, because they last so long, they are more environmentally friendly than plastic planters, which will degrade over time.
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Market Dynamics:
Drivers:
Growing millennials’ interest in gardening is expected to remain a favorable factor for industry growth. Young gardeners worldwide are keenly interested in recent trends that are way different from traditional-style perennial gardens. Furthermore, they are increasing spending on the inclusion of decorative features in their residences by planting money plants and flower sets in concrete gardening pots, containers, and bags. The trend of planting delicate plants inside the house is growing among modern gardeners. Concrete containers have proved to be an efficient method for potting the saplings inside the house, as they are potted in certain pots or containers, which are portable as per position and direction. There is a trend towards planting fragile saplings such as African Violet, Money Plant, Venus Fly Traps, Maiden Hair Ferns, Orchids, Yarrow, Ajuga, Aquilegia, Aster, and Buddleia. These plants need special care and are placed inside the controlled environment of the house, and millennials are ready to spend their money on such items, which is increasing the need for such concrete containers.
Restraints:
This item is not a good option for winter conditions. In the winter, water might get into the pores of the pot. The material can expand or contract when water falls below or rises above freezing. Cracks may form as a result of this process. Its weight may be advantageous for large trees, but it might make it difficult to maneuver. Before you go out and get one, be sure you know where to put it. Concrete items, like terra cotta, clay, and other stone materials, may become an eyesore if kept outside. The appearance of concrete containers can be destroyed by accumulating lime, moss, and salt deposits, which discolor the outside surface and knead their replacement.
Opportunities:
Concrete can be stained or painted to achieve a variety of ornamental designs or left bare to produce an aged, mossy appearance for a more natural, classical appearance. Concrete containers, unlike plastic pots, frequently include aesthetic components. Allow mosaic tiles to the exterior surface of a concrete container to give it a unique look. Watching such compositions is a pleasure, so it is worth having an attractive place and apply there an object made of concrete. Also, the lighter color and thickness of concrete containers will help protect the soil from temperature variations. Darker-colored containers attract heat, which may quickly harm roots and dry up the soil, especially in hot, sunny locations.
Challenges
A concrete container tends to be very heavy, and you might need to set it first on a sturdy foundation or a slab. Aside from this, once these planters have been knocked over or bumped into by accident, they may also break easily. Also, the poured concrete products must be left outside for them to be rained on several times before putting soil in them for your shrubs, herbs, vegetables, and flowers. It lets the additives from the manufacturing process and dyes leach out of the concrete. If not, the soil’s pH could be increased to a level that might not be good for plants.
Segmentation Analysis:
The global concrete container market has been segmented based on application, distribution channel and regions.
By Application
The application segment is commercial and residential. The commercial segment led the largest share of the concrete container market with a market share of around 52.3% in 2021. This segment involves deploying products in the gardens of hospitals, libraries, hotels, malls, and public parks. The trend of having a garden around public buildings has seen an upward trend owing to the place's enhanced aesthetic beauty and visual appeal. Using gardening pots in these areas helps establish a theme and beauty in the settings. Additionally, gardens in hospitals are said to improve the healing process of patients by providing them with a healthy space to walk and exercise. Around hotels, it provides space for visitors to relax, entertain, and dine. Gardening pots also help develop a good ground for hosting events and parties.
By Distribution Channel
The distribution channel segment includes offline and online. The offline segment led the concrete container market with a market share of around 79.8% in 2021. The sale of these products is more often seen to be taken through offline channels, including local stores. Retail customers prefer buying products after consulting a local gardener or a gardening enthusiast for which the nearby local stores are appropriate. These stores are a one-stop solution to all gardening related issues including fertilizer, pot, irrigation, seed, and sapling. Furthermore, most people buy these platforms while buying the plant itself, which makes the physical stores more appropriate.
By Regional Analysis:
The regions analyzed for the concrete container market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The Europe region dominated the concrete container market and held a 42.1% share of the market revenue in 2021.
Global Concrete Container Market- Country Analysis:
Germany's concrete container market size was valued at USD 61.0 billion in 2021 and is expected to reach USD 89.4 billion by 2029, at a CAGR of 4.9% from 2022 to 2029.
Shifting inclination toward the interior decoration of modern residences has been expanding the utility of concrete containers in Germany as the presence of saplings in beautiful gardening pots, containers, and vase adds to the aesthetics of the room and gives it a lively vibe.
China concrete container’s market size was valued at USD 48.7 billion in 2021 and is expected to reach USD 67.1 billion by 2029, at a CAGR of 4.1% from 2022 to 2029. Rapid urbanization has been resulting in shrinking apartments in the cities. Despite that, garden enthusiasts have created gardens with the use of big and small gardening pots in kitchens and balconies. Planting unique varieties of flowers, climbers, and creepers is a modern way of creating a replica of beautiful meadows increasing in China, which fuels the market in the country.
India's concrete container market size was valued at USD 38.8 billion in 2021 and is expected to reach USD 50.6 billion by 2029, at a CAGR of 3.4% from 2022 to 2029. The demand for concrete containers across the country is expected to increase significantly as people are inclined towards planting different plants as per their benefits. The ancient science of layout, design, and architecture including Vastu Shastra, Feng Shui, and the Malay system strongly focus on planting particular plants in certain directions to improve the flow of energy in the house. For instance, the holy basil should be planted in the northern, northeastern, and eastern sections of the house for the improved well-being of the residents of the houses. Concrete containers can provide a complete solution for planting saplings all around the house as and when required without interfering with the construction of the house.
Key Industry Players Analysis:
To increase their market position in the global concrete container business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.
Latest Development:
Report Metrics
Report Attribute |
Details |
Study Period |
2021-2029 |
Base year |
2021 |
CAGR (%) |
4.3% |
Market Size |
344.5 billion 2021 |
Projection period |
2022-2029 |
Projection unit |
Value (USD) |
Segments covered |
By Application, By Distribution Channel and Region |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
Biodegradable Pots, East JORDAN PLASTICS INC., Garden Need, GREEN MALL, Hosco India, Landmark Plastic Corporation, Nursery Supplies Inc., THE HC COMPANIES, THE POT COMPANY, V G Plastech, and among others |
By Application |
|
By Distribution Channel |
|
Regional scope |
|
Scope of the Report
Global Concrete Container Market by By Application ():
Global Concrete Container Market by Distribution Channel:
Global Concrete Container Market by Region:
Global Concrete Container market size was USD 344.5 billion in 2021.
Global concrete container market is expected to reach USD 482.4 billion by 2029, at a CAGR of 4.3% from 2022 to 2029.
Europe region dominated the concrete container market and held a 42.1% share of the market revenue in 2021
Offline segment witnessed a significant share in the Concrete Container market with a market share of around 79.8% in 2021
Leading market players active in the global concrete container market are Biodegradable Pots, East JORDAN PLASTICS INC., Garden Need, GREEN MALL, Hosco India, Landmark Plastic Corporation, Nursery Supplies Inc., THE HC COMPANIES, THE POT COMPANY, V G Plastech, and among others
Political Factors- The factors that can affect market players long-term profitability in a particular nation or market are heavily influenced by political issues. Operating in the Construction & Materials industry in more than a dozen nations exposes market players to a variety of political system and environment concerns. Diversifying the systematic risks of the political environment is necessary to succeed in the dynamic Construction & Materials industry across several nations. Looking at the existing patterns, it appears that the upcoming election may result in a change of administration in India. Because it will cause the governance goals of the capital goods industry to alter, Concrete container needs to be ready for this possibility.
Economical Factors- The aggregate demand and aggregate investment in an economy are determined by the macroenvironmental factors, such as the inflation rate, savings rate, interest rate, foreign exchange rate, and economic cycle. While microenvironmental elements like industry norms have an impact on the firm's competitive edge. market players can Projection the growth trajectory of not only the —sectoryname— sector but also that of the organisation by using factors related to the country's economy, such as growth rate, inflation, and industry's economic indicators, such as Construction & Materials industry growth rate, consumer spending, etc. In the capital goods sector, India's human resources have moderate to high skill levels. In addition to using it to enhance services in India, Concrete container may take advantage of the qualified staff to open up international potential.
Social Factor- The manner of life and culture of the society have an effect on the organisational culture in a given setting. market players. marketers will study the customers of a particular market and will build the marketing message for consumers in the Construction & Materials industry based in large part on the shared ideas and attitudes of the people. Customers in India favor experiential products over traditional value propositions in the capital goods industry. Utilizing this development, Concrete container may create goods that improve the client experience. India's social structure differs from that of Concrete container's native market. To better service the clients in India, it should work to assemble a local workforce aware of cultural customs and attitudes.
Technological Factors- Different industries are being rapidly disrupted by technology, and capital goods are no exception. The Concrete container & Construction - technological elements impact Raw Materials in India in various ways. Access to more information, the speed of technological change, the availability of mobile devices that empower people, innovation in customer services, population access to technology, supply chain disruption due to technology, innovation in product offerings, etc., are some of the technological factors. The life cycle of a product has been shortened, and suppliers may now create new goods more quickly. This has put pressure on the marketing team at Concrete container to promote various goods to satisfy the suppliers. Concrete container's operating costs have increased as a result.
Environmental Factors- Sustainability and environmental concerns have grown in importance for businesses over the past ten years. Organizations are being urged to follow environmental standards by the government and pressure groups. Limiting carbon footprints, combating climate change, enforcing pollution regulations, insurance policies, safely disposing of garbage, putting more emphasis on sustainability, safely treating water, safely disposing of hazardous materials, etc. are some of the environmental factors. In India's economy, recycling is quickly becoming the standard rather than a positive practice. The capital goods industry has rules and standards that Concrete container market players must follow.
Legal Factors- In any economy, the growth of the Construction - Raw Materials industry is significantly influenced by the legal system. Before entering the global market, Concrete container management must consider the following legal factors: protection of intellectual property rights, discrimination laws, copyright laws, the legal system, data protection laws, the amount of time it takes to get justice, bias against domestic competitors, etc. Even though some nations adhere to international standards, resolution times sometimes take years. Before entering a global market, Concrete container players must carefully analyze the average time of particular cases.
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