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Japan observes the cultivation of different varieties of flowers ranging from cut flowers, seedlings for flower beds, potted flowers, and bulbous plants. Their production volume in millions amount to 3,482, 579, 205, and 76.3 million respectively. With such a large production of flowers, there arises a need for flowerpots to plant and it creates a market for flowerpots in Japan.
Potted flower production in japan had observed a decrease in production since 2013 and that decline continued in 2018-2019. From 2020 to 2021, the population growth of Japan declined at a fast rate combined with this agriculture, forestry, and fishing contribution to GDP stands at a stable level of around 1% from 2013 to 2021. In 2022 fertilizers prices in japan declined by 3.7% with ease in Agricultural prices of 0.7% these trends affected the flower market during the period of COVID-19 and post-COVID recovery period.
Flowers had always played a symbolic meaningful role in Japanese culture. Japanese flowers have been central in the holiday celebration, tea ceremonies, and memorial services and from paintings to music and fashion.
Scope of the Report
Japan's Flowerpots market is segmented By Type (Plastic, Ceramics, Wood, Fiber Glass and Others), By Application (Commercial, Residential, and Others), By Region (Hokkaido, Tohoku, Kanto, Chubu, Kinki, Chugoku, Shikoku, Kyushu). The study tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. The study also tracks the revenue accrued from the Japanese flowerpot companies being used across end-user industries.
Key Market Trends
Growth in Volume of Potted Flowers Affecting Japan Flowerpot Market.
In Japan, the most common type of potted flowers were ornamental trees and shrubs with a total production volume of 42.6 million pots in 2019. Plants with beautiful leaves, Cyclamen and Tropical orchids come next with a production volume of plotted flowers as 36.8, 15.8,13.9 million pots. A further increase in the production volume of potted flowers will increase the demand for pots in the market. With all this annual household expenditure observed a decreasing trend from 2017-2019 and with COVID-19 as people have been restricted to homes an increase in expenditure on the household garden is observed which includes the plantation of flowers.
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Investment in Companies Positively Affecting Japan Flower Pot Market
Most of the companies indulged in the manufacture of flower pots are observing positive growth in their financial as well as annual performance, showing a positive image for flower pots market. Kurosaki Corp observed an increase in its total assets and net assets existing at 150,000 and 73,000 million Yen respectively. With this Etsy also observed an increase in active customers and buyers. This creates a positive environment for the market in terms of growth and investment in flower pot manufacturing.
Etsy which is a flower pot manufacturer and seller in japan is observing a continuous increase in Active buyer number which exist at around 45 million in 2021 and increased to a level of around 85 million in 2021 showing positive growth in the market for occupying consumer with new buyers at a maximum level during 2020 of 38 & 35 million respectively. For companies, there is competition for increasing their level of market share as well as retaining their active customers.
Itochu, Etsy, Kurosaki Harima Corporation, and Shinagawa Refractories are among the major market players in japan dealing with the flowerpots market.
- On July 13, 2021, Etsy, Inc. announced the completion of its acquisition of Depop, which is a community-powered, purpose-driven marketplace to buy and sell unique fashions. It increases Etsy's opportunity further into the high-frequency apparel sector. After the acquisition, Depop will continue to operate as a standalone marketplace rum by its existing leadership team.
- On Jan 2021, Histil announced entering into a partnership agreement with Kenya to distribute and sell Histil's selection of top-quality organic vegetables, herbs seedlings and young plants to customers across japan. Kaneya and Histhil are highly-regarded market veterans with roughly 50 years of history each. They are both known for reliability, consistency, and product variety, and both companies have global distribution networks.
Table of Contents
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
4.5 Porters 5 Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Type
5.2 By Application
5.3 By Region
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Vendor Market Share
6.2 Mergers & Acquisitions
6.3 Company Profiles
6.3.1 Itochu Corp
6.3.2 Daiso Industries
6.3.3 Krosaki Harima
6.3.4 Shinagawa Refractories Co
6.3.6 Anhui Bochen Eco Co
6.3.7 Xiamen Vivenri Industrial Co.Ltd
6.3.8 Quanzhou Tianyuan Stone Co
6.3.9 Kaneya Co
6.3.10 Ait Corp*
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Frequently Asked Questions
What is the study period of this market?
The Japan Flower Pots Market market is studied from 2018 - 2027.
What is the growth rate of Japan Flower Pots Market?
The Japan Flower Pots Market is growing at a CAGR of >3.5% over the next 5 years.
Who are the key players in Japan Flower Pots Market?
https://www.daisojapan.com, https://www.itochu.co.jp/en, https://www.krosaki.co.jp/en, https://www.shinagawa.co.jp, https://www.etsy.com/in-en are the major companies operating in Japan Flower Pots Market.