The North America nursery planters and pots market is expected to grow from US$ 448.62 million in 2021 to US$ 541.09 million by 2028; it is estimated to grow at a CAGR of 2.7% from 2021 to 2028. In North America, the US is a major market for nursery planters and pots, followed by Canada and Mexico. The demand for nursery planters and pots is surging in North America owing to the growing urbanization as well as rising disposable income, increasing purchasing power, and changing lifestyle of consumers. Moreover, several domestic and international companies have a strong foothold in the region. Owing to the high demand for nursery planters and pots in North America, the manufacturers and industrialists are expanding their business operations with improved economic conditions. The key manufacturers in the region focus on developing innovative nursery planters and pots to attract new consumers. Key players operating in countries such as the US, Canada, and Mexico are opting for cost-effective raw material and decoration to meet the requirement of end users, which further provides lucrative opportunities for the market growth. The increasing competition among the producers drives the growth of the nursery planters and pots market in the region.
Countries in North America, especially the US, witnessed an unprecedented rise in the number of COVID-19 cases, which led to the discontinuation of nursery planters and pots manufacturing activities.Downfall in other consumer goods producing sectors has negatively impacted the demand for nursery planters and pots during the early months of 2020.
Moreover, decline in the containers manufacturing activities has led to the discontinuation of nursery planters and pots manufacturing projects, thereby reducing the demand for nursery planters and pots in the US.Similar trend was witnessed in other North American countries such as Mexico, Canada, Panama, and Costa Rica.
However, the countries are likely to overcome this drop in demand with the economic activities regaining their pace, especially in the beginning of 2021.
Based on end user, the North America nursery planters and pots market is segmented into residential, greenhouse and container farming, and others.The residential segment led the market in 2020.
The demand for nursery planters and pots in the residential sector is on a rise due to the shifting interest of the consumers to grow garden at home.The millennials are now preferring to develop the kitchen garden, which will help them in growing commercial herbs and vegetables such as bush beans, peas, parsley, mint, lemongrass, and tomatoes.
In the residential sector, consumers are using planters and pots as a decorative item.The consumers, who are garden enthusiasts, focus on creating gardens inside their house with the help of small and big gardening pots that can be placed in the verandah, as well as in the kitchen.
Many residential complexes have gardens, which also increases the demand for planters and pots. Houseplants help in keeping the air inside the house clean, removing pollutants, and providing a good vibe. The consumers look for planters and pots that will enhance their interiors as well as coordinate with the interior and exterior décor.
The overall North America nursery planters and pots market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
The process also serves the purpose of obtaining an overview and forecast for the North America nursery planters and pots market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.
The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the North America nursery planters and pots market. A few major companies operating in the market are Nursery Supplies Inc.; The HC Companies; T.O. Plastics; Pöppelmann GmbH & Co., KG.; Keter; Landmark Plastic Corporation; Anderson Pots; Pot Incorporated; Fertil; and East Jordan Plastics, Inc.
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