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Global Residential Artificial Flower Retail Market 2020 | Growing Trend of Interior Designing to
The high penetration of smartphones and internet will be one of the major drivers in the global residential artificial flower retail market. The world has witnessed significant growth in the usage of internet and smartphones in past few years. This has provided vendors with the opportunity to expand their consumer base and target audience using their online presence. Consumers are more likely to use online retail portals for purchasing products such as artificial flowers. This is due to the fact that online retailers offer security features for online payments, improved online customer service, free delivery options, and easy-to-navigate shopping websites which offer a lot of variety in terms of products.
Global Residential Artificial Flower Retail Market: Growing Trend of Interior Designing
The rising popularity of interior designing will be one of the critical trends in the global residential artificial flower retail market. Nowadays, consumers are highly aware of different artistry forms from different regions. The interest in interior design is also increasing owing to the rising number of working women and their increased participation in household decision-making. For instance, according to The World Bank Group (data published as of June 28, 2018), in the US, female labor force increased from 45.47% in 1997 to 45.82% in 2017. Moreover, the increased social media penetration is encouraging consumer interest towards interior design and designer home decor products such as artificial flowers, which will propel global market growth during the forecast period.
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Global Residential Artificial Flower Retail Market: Segmentation Analysis
This market research report segments the global residential artificial flower retail market by distribution channel (offline and online) and geographical regions (Americas, APAC, and EMEA).
The Americas led the market share in 2018, followed by EMEA and APAC respectively. During the forecast period, the Americas is expected to maintain its dominance over the global market. This is due to the high cost of natural flowers in the region.
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