The growing awareness of the benefits of growing bonsai plants and decreasing cultivation area is expected to drive the demand for the Japanese Bonsai market for the forecast period. According to TechSci Research report, “Japan Bonsai Market By Type (Indoor Bonsai v/s Outdoor Bonsai), By Style (Formal Upright, Informal Upright, Slant, Cascade, Others), By Application (Wholesale Bonsai v/s Customized Bonsai), By Distribution Channel (Store-Based v/s Non-Store-Based), By Region, Competition Forecast & Opportunities, FY2027”, the Japan bonsai is expected to grow at a rate of significant CAGR for the forecast period, FY2023-FY2027.
The Important Elements of Japan Bonsai Market
Bonsai plants are the miniature version of full-grown trees. Bonsai is grown by using different cultivation practices such as cutting or by using seed, or small tree species. Japanese people prefer to grow bonsai plants as they enhance positivity and add to the beauty of the place. The presence of attractive Bonsai nurseries and gardens witnessing huge footfall boosts the popularity of the Bonsai plants in the country. Bonsai exhibitions are organized every year such as the Kokufu-ten Bonsai Exhibition, Shohin Exhibition Osaka, Shohin Exhibition Tokyo, and Bonsai Exhibition Kyoto inviting people to visit and gain knowledge about the type of bonsai and the ways to maintain the bonsai plant health, thereby boosting Japan bonsai market demand across the country.
Therefore, the surge in the number of enthusiasts and gardening hobbyists around the globe is expected to bolster the Japanese Bonsai market growth in the next five years. The rise in the demand for Bonsai plants from the urban areas due to the availability of less space in homes, buildings, and offices significantly contributes to the Japan bonsai market growth. The presence of bonsai plants at the work desk helps in creating a positive environment and is soothing to the eyes. They are in high demand in the office to create a relaxing and stress-free environment for the employees to obtain maximum productivity. Rapid urbanization is decreasing the agricultural space across the country, and the apartments have smaller balconies as the only open available space for gardening. Also, the growing trend of gifting bonsai plants on several occasions, such as housewarmings and weddings, as they can be easily carried and fit into space, contributes to market growth.
However, factors like the over-pruning of bonsai trees and limited knowledge about growing bonsai trees may restrain the Japan Bonsai market growth for the forecast period.
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Japan bonsai market is segmented into type, style, application, distribution channel, regional distribution, and company. Based on the distribution channel, the market is bifurcated into store-based and non-store-based. The store-based segment is expected to witness growth for the forecast period, FY2023-FY2027. People prefer to examine the plant’s present conditions physically to make the best purchasing decision. Bonsai plants can be found healthier in stores as they are grown in a natural environment, and services can be easily obtained from the stores as they are normally close to the house of the consumer. The staff present at the nursery can answer any questions better and help the consumers make the best purchasing decision. The presence of many native plants in the nurseries can be purchased directly from the stores as they have larger chances to grow and have a healthier life.
Based on application, the market is divided into wholesale bonsai and customized bonsai. The customized bonsai segment is expected to dominate the market for the next five years. Customized bonsai gives the freedom to choose the design of the bonsai based on the available landscape. The growing expenditure capacity of consumers and the rapid urbanization of people are contributing to increasing the awareness of consumers to buy customized bonsai plants.
The Competitors of the Japan Bonsai Market
- Bonsai Network Japan Co., Ltd.
- Seitaro Arai & Co., Ltd.
- Nomura Holdings, Inc.
- YOSHOEN and Taishoen Bonsai Nursery are some of the leading players operating in Japan bonsai market.
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“The availability of online sales channels and the ease and convenience of getting the plants delivered at the desired place without making any physical efforts are expected to boost the growth of Japan bonsai. Market players are making quick deliveries with attractive packaging and creating personalized plants according to the needs of the consumers. The demand for bonsai plants for gifting purposes and use of advanced cultivation methods to produce quality bonsai plants is expected to propel the Japan bonsai market growth till FY2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Japan Bonsai Market By Type (Indoor Bonsai v/s Outdoor Bonsai), By Style (Formal Upright, Informal Upright, Slant, Cascade, Others), By Application (Wholesale Bonsai v/s Customized Bonsai), By Distribution Channel (Store-Based v/s Non-Store-Based), By Region, Competition Forecast & Opportunities, FY2027”, has evaluated the future growth potential of Japan bonsai market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Japan bonsai market.
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