Bonsai, first originated in China, is an art form of growing tiny shrubs, plants, and trees in small containers using several training techniques. Although bonsai art is best suited for outdoor environments it can also be used to grow plants and trees indoors, even in small apartments, just with enough sunlight and watering. Such miniature trees and plants also offer various health benefits such as alleviating stress levels and come in aesthetically-pleasing sizes and shapes. Due to these factors, the popularity of this art form has increased drastically. In addition, plants or trees grown using bonsai art require minimal maintenance and space, which is also likely to fuel bonsai demand.
In-Depth research report on Bonsai Market:
Southeast Asia to Witness the Maximum Growth
Although the bonsai art is gaining popularity across the world, the Southeast Asia regional market is anticipated to display a major growth rate over the forecast period i.e., from 2018 to 2025. Since this art of miniature trees was originated in this region and is part of the Chinese and Japanese cultures, the market would witness maximum demand in this region as compared to other regions. Moreover, significantly reducing agricultural spaces, due to increasing population base in the region, are also expected to fuel the demand for bonsai plants and trees. This, in turn, would propel the growth of the global market over the coming years.
In addition, growing popularity and demand for bonsai plants in other economies such as India and Korea influenced by factors such as improved standard of living and rise in awareness about environment is also likely to spur the region’s development. Other regions such as Europe and North America are also said to witness a steady expansion rate over the next few years.
Market Insights
The findings of a research report available on Radiant Insights, Inc. suggests that the global bonsai market would have a considerable growth in the next few years. This growth is attributed to the reduction of spaces across the globe as a result of rapid urbanization. Furthermore, increased awareness regarding the environment is also expected to fuel market demand. In addition, the advent of new bonsai species and innovative trends in the market are also likely to have a major impact on its growth. For example, aqua bonsai is the current market trend, in which hydroponics system (practice of growing plants without soil) is combined with the conventional bonsai art. Lodder Bonsai B.V.; The Bonsai Company; and Fern Valley Bonsai are the pioneers in the bonsai market.
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