Christmas Tree Market Size, Share, Industry Analysis, Growth, 2032

Christmas Tree Industry Prospective:

The global Christmas tree market size was evaluated at $7,000 million in 2023 and is slated to hit $9,000 million by the end of 2032 with a CAGR of nearly 5% between 2024 and 2032.

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Christmas Tree Market: Overview

A Christmas tree is an evergreen tree made up of fir or pin and is decorated with ornaments & lights. Furthermore, Christmas trees are available in two forms, namely, natural trees and artificial trees. Reportedly, natural Christmas trees are spruce trees that we can get from either forests or nursery farms. While artificial Christmas trees are made up of PVC and look like natural Christmas trees.

Key Insights

• As per the analysis shared by our research analyst, the global Christmas tree market is projected to expand annually at the annual growth rate of around 5% over the forecast timespan (2024-2032)
• In terms of revenue, the global Christmas tree market size was evaluated at nearly $7,000 million in 2023 and is expected to reach $9,000 million by 2032.
• The global Christmas tree market is anticipated to grow rapidly over the forecast timeline owing to a prominent increase in e-commerce activities, online retail purchases of products, and a rise in product promotions on social media tools.
• In terms of material type, the vertical tree segment is slated to register the highest CAGR over the forecast period.
• Based on location, the onshore segment is predicted to contribute majorly towards the global industry profits in the upcoming years.
• Region-wise, the European Christmas tree industry is projected to register the fastest CAGR during the projected timespan.

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Christmas Tree Market: Growth Factors

A surge in the increment in the e-commerce sector to boost global market trends

A prominent increase in e-commerce activities, online retail purchase of products, and a rise in product promotions on social media tools have paved the way for humungous growth of the global Christmas tree market. A rise in organic farming along with supportive government initiatives favoring the recycling of naturally grown trees in the form of bonsai is likely to provide impetus to the expansion of the market globally. Growing need for socializing for the people belonging to Europe and North America leading to a rise in social gatherings for celebrating festivals such as Christmas is likely to pave the way for the expansion of the market across the globe. Reportedly, Christmas trees are harvested in such a soil where many of the plants cannot grow and they help in preventing floods. This has led to large-scale expansion of the market globally.

Christmas Tree Market: Restraints

Altering climatic conditions to restrict the growth of the global industry by 2032

Sale of the Christmas tree is only witnessed in vogue before and during the Christmas festival and hence it is a product that is available for a specific period and not throughout the year. This aspect can impede the growth of the Christmas tree industry across the globe. Changing climatic conditions can impact the harvesting of Christmas trees, thereby obstructing the expansion of the global industry.  

Christmas Tree Market: Opportunities

New product launches to open new avenues for the global market over the forecast timeline

Product differentiation and customized offerings along with an increase in customer engagement activities are likely to help the global Christmas tree market explore untapped growth potential in various countries. An increase in the availability of the product in retail stores and supermarkets will further account for the major share of the global market in the near future.

Christmas Tree Market: Challenges

Shifting customer purchasing trends can challenge the growth of the global industry by 2032

Changing consumer buying behavior and purchasing parity depending on the income of the consumers as well as their preferences and type of employment can severely impact the expansion of the global Christmas tree industry. Moreover, dynamic pricing of the product during Christmas leads to huge costs, and the non-biodegradable nature of the artificial Christmas trees can significantly restrict the growth of the industry globally.

Christmas Tree Market: Segmentation

The global Christmas tree market is divided into type, location, and region.                                          

In terms of type, the Christmas tree market across the globe is bifurcated into vertical tree and horizontal tree segments. Additionally, the vertical tree segment, which gained approximately 33.3% of the global market revenue in 2023, is expected to record the highest CAGR in the forecast timeline. The expansion of the segment in the next eight years can be owing to the growing need for saving room space along with growing aesthetic sense among the customers. Apart from this, the vertical tree can accommodate decorations and can be easily housed in apartments and rooms having lower ceilings.

Based on the location, the global Christmas tree industry is divided into offshore and onshore segments. Furthermore, the onshore segment, which gathered approximately two-thirds of the global industry earnings in 2023, is set to make major contributions towards the global industry share in the next eight years. The expansion of the segment in the forecast timeline can be credited to a surge in the demand for onshore Christmas trees in comparison to offshore ones owing to their cost-efficiency and ease of deployment & maintenance.

Christmas Tree Market: Report Scope

Christmas Tree Market: Regional Insights

North America is expected to maintain dominant status in the global market in the forecast timeline

North America, which contributed about three-fourths of the global Christmas tree market revenue in 2023, is expected to establish a major position in the global market in the ensuing years. In addition to this, the regional market surge in the forecast timeline can be credited to a rise in the sale of the product in the U.S. each year leading to employment for nearly 1 lac people in the country. Furthermore, these trees are harvested in about 1, 40,000 hectares of arable land in the U.S. Additionally, many states in the U.S. such as Pennsylvania, Oregon, and North Carolina harvest Christmas trees. Additionally, there is large-scale production of artificial Christmas trees in countries such as Canada.

The European Christmas tree industry is slated to register the highest growth rate annually in the coming few years. The growth of the industry in the continent can be due to the growing demand for artificial and natural Christmas trees in European countries. Presence of key players in these countries will steer the expansion of the industry in Europe.    

Key Developments

• In the second half of 2022, Whitehill established a new unit for harvesting Christmas tree seeds that is funded by the North Carolina Tobacco Trust Fund.
• In the third quarter of 2020, the U.S. Department of Agriculture Forest Service improved sales of Christmas trees.

Christmas Tree Market: Competitive Space

The global Christmas tree market profiles key players such as:

• Best Choice Products
• Manta Media Inc.
• Farmabilia LLC
• Oncor Recycled Trees
• National Tree Company
• Stony Hill Farms
• Kærsgård Plantage
• Christmas Raave's Evergreen
• Kurt Adler Inc.
• J.L. Jamieson Christmas Trees
• Fraserdale Ltd
• Treetime Christmas Creations
• Meadowbrook Christmas Tree Farms
• Kunstbäume Richter
• TRINITY Christmas
• Greenex A/S
• Peak Farms
• Puleo International
• Almo Corporation
• PLANTSCAPE Inc.
• Green Christmas
• Christmas Tree Village
• Ningbo Green Christmas Crafts Co. Ltd
• Weihnachtsbaumland Lauscha
• Yiwu Christmas Decorations

The global Christmas tree market is segmented as follows:

By Type

• Vertical Tree
• Horizontal Tree

By Location

• Offshore
•  Onshore

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa