The Asia Pacific home and garden market, having seen a pan-regional decline in 2020 due to COVID-19, suffered again in 2022, as case numbers surged across China, after the recovery seen in 2021. However, most countries were recording positive growth in 2023, with India and Indonesia expected to be driving the regional performance over the forecast period, even if China and Japan will be underperforming in the coming years.
This report comes in PPT.
Gardening has been a strong performer in recent years in China, with this expected to continue in the coming years. Chinese consumers have become more interested in their gardens, with the continued popularisation of gardening activities like vertical farming, grow-your-own-food and balcony planting, among others, helping to drive growth in this category.
Sustainability is a key trend in Indonesia’s home and garden market. For example, in homewares fibre-based or bamboo utensils are increasingly gaining favour over plastic variants. This is driven by both environmental awareness and health trends, as sustainable materials are also perceived as being healthier to use when cooking and eating food.
Demand for home office furniture in Japan received a strong boost from the work-from-home trend in the pandemic, particularly in 2020. This category is expected to be one of the better performers in the country’s home and garden market over the forecast period as the remote working trend continues to be seen in post-pandemic Japan.
Although e-commerce has grown to reach a 16% retail value share in home and garden in Asia Pacific, home products specialists still dominate sales, with a 65% share. Many consumers still prefer a tactile shopping experience so they can physically inspect and compare products before making a purchase, also tapping into the knowledge and advice of in-store staff.
This project has a strict focus on sales to consumers only. Trade and professional sales are excluded. Home and garden refers to gardening, home improvement, homewares and home furnishings.
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