Plastic Furniture Market to Reach USD 19,075.3 Million, Globally and by 2030 at a CAGR of 5.8% – AMR Report

plastic furniture market

According to a new report, the plastic furniture market is segmented into type, end user, distribution channel and region.

The plastic furniture market is expected to witness significant growth, owing to the increase in demand for residential real estate space and growing customer demand for high-end and luxury furniture.

—Shankar Bhandalkar

PORTLAND, OREGON, USA, July 25, 2022 / — According to a new report published by Allied Market Research, titled Plastic Furniture Market by Type, End User (Residential and Commercial) and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2027 The report offers an in-depth analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces Analysis, and competitive landscape.

The global Plastic Furniture Market size was valued at USD 14.5 Billion in 2019 and is projected to reach USD 19.0 Billion by 2027, registering a CAGR of 5.8% from 2021 to 2027.

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Plastic furniture is more affordable and efficient than other materials. Moreover, plastic furniture is available in various designs, types and colors which can easily match the ambience of home, restaurant, hotel and offices, which is also the current trend of furniture market. in plastic. Apart from having impeccable designs and vibrant colors, plastic furniture is extremely durable. Since metal chairs and wooden chairs are rigid, they deform or break quickly. On the contrary, the flexibility of plastic furniture allows them to easily withstand extreme pressure and damage.

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Additionally, eco-Birdy, a European furniture manufacturing company, has now launched ecoBridy recycled plastic children’s furniture. The company further announced that its full line of production plastic furniture is 100% recyclable and contains no harmful chemicals. Hence, increasing trend in the use of recycled plastic furniture by various stakeholders is expected to create a lucrative opportunity for the plastic furniture market growth. However, the major impact of plastic furniture is on the environment, as it takes many years to break down and release harmful toxins into the ground.

In addition, plastics are ubiquitous in the marine environment, polluting the environment and requiring urgent action. Moreover, the presence of plastic poses a threat not only to marine life but also to agricultural land. This is attributed to the fact that plastic is responsible for the degradation of agricultural land and the atmosphere, which continuously use up precious earth resources, especially oil. This now poses a threat to the environment and agricultural production. Thus, the adverse effects of plastic on marine life and agricultural land is limiting the growth of the plastic furniture market.

Regionally, North America captured the largest plastic furniture market share in 2019 and is expected to grow at a CAGR of 4.0%.
Key Players Profiled in the Plastic Furniture Industry Report Avro India Limited, Cello Group, Cosmoplast Industrial Company LLC, Keter Group, Nilkamal Limited, Pil Italica Lifestyle Limited, ScanCom International A/S, The Supreme Industries Limited, Tramontina and Uma Plastics Limited.

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The outbreak of the COVID-19 pandemic has created a number of challenges for exporters in developing and developed countries. The challenges faced by plastic furniture exporters are expected to persist for the foreseeable future as different states and governments around the world attempt to combat COVID-19 with various measures.

However, the implementation of lockdown and curfew practices globally has affected the domestic and international production of plastic furniture, which, in turn, is hampering the growth of the overall market. Thus, the COVID-19 outbreak negatively impacted the plastic furniture market in 2020 as company sales declined and operations were halted.

Major players operating in the plastic furniture industry include:

○ Avro India Limited
○ Cello group
○ Cosmoplast Industrial Company LLC
○ Keter Group
○ Nilkamal Limited
○ Pil Italica Lifestyle Limited
○ ScanCom International A/S
○ Supreme Industries Limited
○ Tramontine
○Uma Plastics Limited.

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Main results of the study

○ By type, the kitchen furniture segment dominated the global market in 2019 and is expected to maintain its dominance throughout the plastic furniture market forecast period.
○ According to the end-user, residential segment was leading in terms of plastic furniture market value in 2019 and is expected to continue growing with a robust CAGR during the forecast period.
○ Based on distribution channel, modern commerce segment dominated the global market in 2019 and is expected to maintain its dominance throughout the forecast period.

Related reports:

○ Children’s furniture market is expected to reach $48.9 billion by 2030
○ The rapidly growing hospitality furniture market with a large CAGR

David Correa
Allied Analytics LLP
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