IntroductionYou scroll through any social media feed and all the décor and home posts your likely to come across will have some or the other indoor plant. Indoor plants have taken over every home in recent years and we all know at least one self-proclaimed plant parent.
While gardening earlier meant growing plants that were common to the are you lived in, with the world becoming a global village and the age of social media, people now are interested in and have access to plants from across the globe.
The common houseplants no longer start conversations, it is the new and unusual that every gardening enthusiast wants to talk about. But there is one downside to this newfound love for rare exotic plants – the price. A majority of the plant lovers get deterred by the prices and often get disillusioned by them. So why is your coveted indoor plant so costly. Let’s look at some reasons.
1. Supply demand
Some plants are rare, they are truly exotic. Either they have entered the world of indoor gardening recently, have not yet been grown on a large commercial scale, or it is impossible to grow them on a large scale due to difficulty.
The rarer the plant, the more people covet it and that is what increases the price further. Rarity coupled with demand shoots up the price to sky high levels.
3. Difficulty in growing
The high rate of failure in growing these plants also further adds to the high price of the plant.
4. Ease of propagation
8. Potting mix and PlanterA good potting mix consists of builders, aerators, and fertilisers in the right proportion. Cheaper plants come in clayey red soil that is cheap and sometimes free to procure, but it does not support a healthy root system. Adding these components in the right proportion requires bit raw material and skilled manpower.
Plants from good growers come in good planters that not only last a lifetime but also look good in you home, case in point is Ugaoo. Ugaoo’s self-watering planters are not only excellent quality that lasts a lifetime, can be reused for other plants, can be easily recycled, but are also technologically advanced with a water reservoir at the bottom that lowers your watering work.
Ugaoo also promises free replacement in case the plant gets damaged in transit.
Lets take a look at some of the costliest plants and their average price, to the best of our knowledge.
Top 5 costliest indoor plants in the world:
Monstera varieties: While the regular monstera varieties are on the comparatively lower end of the price spectrum, their variegated counterparts are rarer, more coveted, and pricier. A white variegated Monstera Adansonii sold for $38000 (INR 26,60,000) in the US.
- Mature Fiddle leaf fig: This plant is a good example of demand driving the price. Indoors the plant can grow up to 10 feet and the interior design magazines and Instagram have pushed it into stardom. It is this stardom that has increased its pricing. A mature fiddle leaf can cost anywhere between INR 4200 to INR 28000.
- Hoya carnosa: This extremely slow grower, especially ones with unique variegations, are sold at high prices. This beauty has recently sold for $6500 (INR 4,55,000).
- Bonsai Tree: Recently an 800-year-old bonsai of white pine tree sold for $1.3 million (INR 9.1 Cr). The price of bonsai trees grows exponentially higher as they grow older and are more intricate.
- The Shenzhen Nongke Orchid claimed the record for the most expensive flower ever sold when it was auctioned off for about $224,000 ( INR 1,56,80,000) in 2005. This flower was created by scientists in a university lab and took 8 years of work to develop. It only blooms every 5 years!
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