The Global Christmas Tree Market size is expected to grow from USD 5.66 billion in 2022 to USD 7.94 billion by 2030, at a CAGR of 4.33% during the forecast period (2023-2030).
Market Overview:
A Christmas tree is an evergreen tree, typically a pine or fir, that is decorated for the Christmas holiday with lights and ornaments. Artificial, potted, and freshly cut Christmas trees are used as decorations both inside and outside. Although Christmas trees have long been used by every religion, they are most often associated with Christian symbolism these days. Christmas gift-giving customs typically involve wrapping presents and leaving them unopened until Christmas Eve or Christmas Day. Western Germany is where the modern Christmas tree first appeared. Germans used to put wafers on a fir tree as a Christian symbol of redemption. Later, cookies in a variety of shapes took the place of the wafer tradition.
Top Key Players in the Christmas Tree Market:
Peak Farms, National Tree Company, TRINITY Christmas, Farmabilia LLC, Oncor Recycled Trees, and Other Major Players.
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The report summarizes all the information collected and serves the customer's requirements. However, these market analyses help in understanding market growth at both global and regional levels.
For market data analysis, we have market panorama tools such as Market Dynamics, Competitor Analysis, PESTEL Analysis, SWOT Analysis, Porter Five Forces Analysis, Value Chain Analysis, Technology Roadmap and Evolution, Regulatory Framework, Price Trend Analysis, Patent Analysis, Covid-19 Impact Analysis, Russia-Ukraine War Impact and others.Market Dynamics and Factors for the Christmas Tree Market:
Drivers:
Rapid Urbanization and The Rise In The Per Capita Disposable Income
The two main factors driving the growth of the Christmas tree market during the forecast period are accelerated urbanization and the increase in per capita disposable income. Due to the widespread practice of Christianity, European and American nations are the top locations for the Christmas festival celebration. The younger eastern population's increasing exposure to Western culture is boosting market expansion in those areas. For instance, a well-known US exporter of fresh-cut Christmas trees from Oregon anticipates sending about 6 million evergreen trees to Japan and China for the Christmas festival in 2021.
Opportunities:
The Growing Popularity of Christmas Celebrations Across All Religions
The growing popularity of Christmas celebrations across various religions and cultures presents a significant opportunity for the Christmas tree market. While Christmas is traditionally a Christian holiday, it has become a widely celebrated and commercialized occasion in many parts of the world, appealing to people of various faiths and backgrounds.
In today's globalized world, cultures are increasingly intertwined. People from diverse backgrounds are exposed to and adopt elements of each other's traditions.
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Segmentation Analysis of the Christmas Tree Market:
By tree type, the real or live segment is expected to dominate the market. Real Christmas trees can be recycled without any underlying threat to the environment and can also be turned into mulch which can be utilized in yards to help prevent soil erosion and compaction.
By the shape of the tree, full is likely to dominate in this area. Full Christmas trees have a wide circumference as compared to their other counterparts. This large surface area can be utilized by individuals to decorate and bring a lavish look to the home décor thus, supporting the growth of this segment.
By Type
- Real or Live
- Artificial
By Tree Height
- 3-10 Ft
- 10-15 Ft
- Above 15 Ft
By Shape of the Tree
- Full
- Pyramid
- Slim
- Half & Corner
- Upside Down
By End-users
- Residential
- Commercial
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Regional Analysis of the Christmas Tree Market:
North America is expected to dominate the market during the forecast period. Every year, close to 25–30 million real Christmas trees are sold in the US. Additionally, the 142,000 hectares of American farms alone are currently growing 350 million real Christmas trees. Over 100,000 people in the US are employed by the Christmas tree industry. Since Christians make up roughly 71% of the US population, every state in the union celebrates Christmas. Approximately 23,787 hectares of land are set aside for the cultivation of Christmas trees, according to the most recent statistics from Statistics Canada. The provinces with the most land for Christmas trees are Quebec and Nova Scotia, with 8,255 and 6,179 hectares, respectively. All of these elements thus contribute to the growth of the Christmas tree market in this area.
By Region
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Key Industry Development:
In March 2019, BP PLC signed a joint contract with McDermott International Inc. and Baker Hughes for Risers, subsea umbilicals, and flowlines (SURF), and subsea production system equipment at the Greater Tortue Ahmeyim natural gas situated offshore of Mauritania and Senegal.
In September 2019, McDermott International Inc. and Baker Hughes won the contract to provide joint umbilicals, risers, and flowlines (URF) and subsea production systems (SPS) for the INPEX-operated Ichthys LNG project situated offshore northwest Australia.
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