Plastic Furniture Market Outlook
According to a new report by Expert Market Research titled “ The global plastic furniture market Size, Price, Share, Analysis, Report and Forecast 2023-2028″ the plastic furniture market reached a value of approximately USD 15 billion in 2022. Aided by the rapid growth of the hospitality and real estate sectors and increasing adoption of biodegradable plastic furniture, the market is projected to further grow at a CAGR of 5.20% between 2023 and 2028 to reach a value of USD 15.78 billion by 2028.
Plastic furniture, due to its durability, affordability, and ease of maintenance, has become increasingly popular in homes, offices, schools, hospitals, and outdoor settings. Furthermore, plastic furniture, unlike traditional wooden or metal furniture, is resistant to termites and rust, adding to its practical appeal. The material’s excellent mouldability also allows for a diverse range of furniture designs, broadening its applications.
The growing consumer preference for affordable and low-maintenance furniture is propelling the global plastic furniture market growth. As urbanisation intensifies and living spaces shrink, there has been a significant shift towards multifunctional and compact furniture, leading to a surge in demand for plastic furniture. Its resistance to various environmental factors, making it an ideal choice for outdoor furniture, also adds to the market expansion.
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Additionally, the rising trend of DIY home decor and the availability of a wide array of plastic furniture in various designs and colours contribute to its increasing popularity, thereby boosting the global plastic furniture market development. Plastic furniture, easily assembled and disassembled, fits perfectly into the growing culture of transient lifestyles and frequent home renovations.
The diverse applications of plastic furniture in various sectors further drive the plastic furniture market demand. In the education sector, plastic furniture is a preferred choice due to its lightweight nature and ease of maintenance. It finds substantial use in hospitals for its sterility and ease of cleaning. Moreover, the hospitality industry utilises plastic furniture for its cost-effectiveness and durability.
Innovation in product design and the development of high-quality plastic furniture that mimics the aesthetics of wood or metal furniture is another factor contributing to the plastic furniture market expansion. Companies are investing in advanced manufacturing techniques to produce environmentally friendly, recyclable plastic furniture, addressing the growing consumer demand for sustainable products.
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Plastic Furniture Market Segmentation
The market can be divided based on type, end suer, distribution channel, and region.
Market Breakup by Type
- Kitchen Furniture
- Living and Dining Room Furniture
- Bathroom Furniture
- Outdoor Furniture
Market Breakup by End User
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Speciality Stores
- Online Stores
Market Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global plastic furniture companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Inter IKEA Systems B.V.
- Ashley Furniture Industries, Inc.
- Keter Group BV
- Tramontina USA Inc.
- Cosmoplast Ind. Co. (L.L.C.)
- Nilkamal Ltd.
- ScanCom International A/S
- Cello World private Limited
- Supreme Industries Limited
- Vitra International AG
- Patio Furniture Industries
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