USD 13,610 Million
Plastic Furniture Market Size, Share, Growth Analysis, By Type(Kitchen Furniture, Living & Dining Room Furniture, Bathroom Furniture, and Outdoor Furniture), By End Use(Residential, and Commercial), By Distribution Channel(Online, and Offline), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25AH2013 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
89
|Figures:
67
Plastic Furniture Market Insights
Plastic Furniture Market size was valued at USD 13,610 Million in 2021 and is poised to grow from USD 14,426.60 million in 2022 to USD 22,993.81 million by 2030, growing at a CAGR of 6% during the forecast period (2023-2030).
The market growth of plastic furniture is driven by several factors, including affordability, durability, lightweight, low or no maintenance, eco-friendliness, resistance to corrosion, and immunity to termites and bugs. The furniture's good weather ability and flexibility also contribute to its popularity. The real estate and hospitality sectors' expansion, with numerous residential and commercial projects, further boosts the demand for plastic furniture. Its versatility, lightweight, flexibility, and multi-functionality make it appealing for both small and large spaces, driving the global plastic furniture market.
The increasing trend of nuclear families has led to a higher demand for easy-moving and portable furniture, especially in compact and integrated modular homes. Plastic furniture's ease of molding, designing, and shaping allows manufacturers to offer a wide range of products, catering to various consumer demands and applications.
Growing consumer awareness regarding eco-friendly products has led to the development of more environmentally friendly plastic furniture. The global trend to adopt eco-friendly practices will further drive the demand for ecological plastic furniture. Additionally, concerns about deforestation are also contributing to increased demand for plastic furniture.
Recycled plastic furniture, utilizing materials like plastic waste from bottles and oceans, is gaining popularity, especially in outdoor furniture. Furniture companies are focusing on creating 100% recycled products to meet the growing demand for sustainable alternatives, such as DuraOcean and DuraLand by ScanCom International A/S.
However, one of the major limitations for market growth is the perception that plastic furniture lacks the elegance and characteristics of wood and metal. Consumers' preferences for design and aesthetics may be limited with plastic furniture, though manufacturers are experimenting with colors to offer more variety. This could limit the demand for plastic furniture in the luxury furniture segment.
US Plastic Furniture Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2023-2030
Global Market Size
Largest Segment
Kitchen Furniture
Fastest Growth
Kitchen Furniture
Growth Rate
6% CAGR
Plastic Furniture Market ($ Bn)
Country Share for Asia Pacific Region (%)
To get more reports on the above market click here to Buy The Report
Plastic Furniture Market Segmental Analysis
The global plastic furniture market is segmented based on Type, End User, Distribution channel, Region. Based on type, the market is segmented into Kitchen Furniture, Living & Dining Room Furniture, Bathroom Furniture, and Outdoor Furniture. Based on End User, the market is segmented into Residential, Commercial, Based on Distribution channel the market is segmented into Online and Offline.
Plastic Furniture Market Analysis by Distribution Channel
The market is divided into two distribution channels: online and offline. The online distribution channel is projected to witness the fastest growth during the forecast period due to various factors. These include the availability of a wide range of products, attractive discounts, the convenience of purchasing from home, easy product comparison, and access to various sizes and colors.
For instance, IKEA, the world's largest furniture retailer, experienced a substantial 31% growth in online sales. Additionally, online shopping offers benefits like easy returns and delivery options, such as front door delivery, inside delivery, and white glove delivery, making furniture purchases more convenient and secure for consumers.
While the offline distribution channel accounted for the largest market share in 2022, it is also expected to witness significant growth in the forecast period. Traditionally, consumers prefer to buy furniture from physical stores to assess the product's aesthetics and size before purchase. However, manufacturers are now revolutionizing the offline shopping experience.
Augmented reality (AR) and virtual reality (VR) are emerging trends in the offline segment, allowing consumers to check if a product fits their requirements. For example, Macy's has introduced a VR furniture shopping experience in around 70 stores nationwide, enabling shoppers to design their spaces with 3D furniture images, thereby transforming the consumer's purchasing experience.
Plastic Furniture Market Analysis By End User Industry
The residential segment is expected to dominate the market with the highest shareholding in 2022. This segment encompasses a wide range of plastic furniture, and as households are the primary consumers of such products, it demonstrates significant growth. The increasing demand for plastic furniture to enhance the aesthetics of home infrastructure is driving market expansion. Moreover, the production of low-cost and durable plastic furniture has attracted a large customer base, leading to increased sales for manufacturers.
The commercial segment holds the second-largest share in the market in 2022. Commercial plastic furniture designs differ from residential ones as they cater to high-end infrastructure requirements. The demand for plastic furniture in commercial settings is driven by the establishment of various commercial spaces, including corporate offices, hospitals, and schools, where there is a preference for high-end and functional furniture. The future outlook suggests that this growth trend will continue, providing ample opportunities for market participants to expand their businesses.
Plastic furniture market By Type
To get detailed analysis on other segments, Request For Free Sample Report
Plastic Furniture Market Regional Insights
Asia-Pacific is poised to lead the plastic furniture market, expanding at an impressive CAGR of 7.91% by 2030. This region comprises a mix of developed and developing countries experiencing rapid urbanization. As people adopt a convenience-oriented lifestyle, plastic furniture becomes increasingly attractive to them. Moreover, the growing consumer awareness of various plastic furniture products further boosts sales. With the highest population in the world, the Asia-Pacific region witnesses a substantial surge in the purchasing of plastic furniture.
The Asia-Pacific plastic furniture market offers lucrative opportunities for businesses seeking to expand their clientele and geographic reach. Renowned brands like Nilkamal Limited, Cello Group, and Avro India Limited provide a variety of plastic furniture products in this region. The key driving force behind the market's growth is the increasing use of plastic furniture goods, particularly in countries like China and India. The expansion of these markets has also fueled growth in the real estate and hotel industries.
North America is expected to hold the second-largest market share, reaching USD 7,297 million by 2030, with a CAGR of 4.23%. Companies in this region are striving to stay competitive by developing innovative products, expanding their consumer base, and establishing operations in multiple countries. The region benefits from high consumer purchasing power due to rising disposable income and stable economic conditions. Additionally, the better standard of living among people in North America contributes to the increased sales of plastic furniture.
Plastic furniture market By Geography
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Plastic Furniture Market Dynamics
Plastic Furniture Market Drivers
Increasing Demand for Inexpensive, Frivolous, and Long-Lasting Plastic Furniture
- Plastic furniture has gained worldwide popularity due to its lightweight, durability, and affordability compared to furniture made from metal and wood. Consumers prefer plastic furniture as it offers a more flexible and pressure-resistant option compared to rigid and easily breakable metal and wooden chairs. Additionally, plastic furniture is more cost-effective than hardwood and metal alternatives, giving it a competitive edge in the global market. The flexibility and easy mobility of plastic furniture are further attractive features for buyers. Its enhanced resistance to decomposition also contributes significantly to its market growth. As a result, plastic furniture has become a preferred choice for consumers looking for practical, long-lasting, and budget-friendly furniture solutions worldwide.
Plastic Furniture Market Restraints
Plastic Furniture is Not Environment Friendly
- The most concerning aspect of plastic furniture is its adverse impact on the environment. Plastic takes a long time to degrade, and during the process, it releases toxic chemicals into the soil, posing a significant environmental hazard. Plastics are pervasive in the marine environment, leading to pollution and the urgent need for action to mitigate its harmful effects. The presence of plastic in the environment poses a threat to agricultural land and marine life. Plastic's role in contributing to environmental degradation, as it relies on non-renewable resources like oil, poses a significant concern for agricultural and environmental sustainability. As plastic negatively impacts marine life and agricultural land, it limits the market's potential for plastic furniture, urging the industry to adopt more sustainable practices and materials.
Request Free Customization of this report to help us to meet your business objectives.
Plastic Furniture Market Competitive Landscape
The plastic furniture market is a highly competitive industry characterized by the presence of numerous key players and a wide range of product offerings. They focus on offering a diverse range of plastic furniture products for residential and commercial applications. Additionally, some players are adopting sustainable practices and materials to cater to environmentally-conscious consumers. Market competition is intense, prompting manufacturers to invest in marketing and promotional activities to expand their customer base and market share. Distribution channels also play a crucial role in the competitive landscape, with companies leveraging both online and offline channels to reach a wider audience.
Plastic Furniture Market Top Player’s Company Profile
- Avro India Limited
- IKEA
- Cello Group
- Cosmoplast Industrial Company L.L.C.
- Keter Group
- Nilkamal Limited
- Pil Italica Lifestyle Limited
- ScanCom International A/S
- The Supreme Industries Limited
- Tramontina
- Uma Plastics Limited
Plastic Furniture Market Recent Developments
- In the year 2022, Tramontina USA embarked on a journey towards an optimistic future in collaboration with Voice of the Oceans, a worldwide expedition across oceans aiming to promote understanding about oceanic plastic pollution and to discover novel remedies for addressing this concern.
- During the same year, Tramontina USA introduced its sustainability program, which involved transitioning from non-reusable poly bags to bags containing a minimum of 90% recycled (LDPE) materials. This move led to a reduction of more than 60% in packaging-related CO2 emissions.
Plastic Furniture Key Market Trends
- Demand for Expensive, Fun, and Durable Plastic Furniture is Driving the Market: Plastic furniture enjoys widespread popularity worldwide due to its luxurious appearance, durability, and affordability compared to furniture made of metal and wood. Consumers prefer plastic furniture over wooden chairs, which can be stiff and prone to breakage and distortion. Plastic furniture's flexibility makes it more pressure-resistant, further adding to its appeal. Notably, plastic furniture is more cost-effective compared to its metal and wooden counterparts, giving it a competitive advantage in the global market. Its adaptability and portability are additional attractive features for consumers.
Furthermore, the growing resistance of plastic furniture to disintegration is a significant factor driving the industry's expansion. As plastic furniture continues to exhibit better durability and longevity, it remains a favored choice among buyers seeking practical, long-lasting, and budget-friendly furniture solutions.
Plastic Furniture Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global plastic furniture market analysis, factors such as affordability, durability, and versatility are the key growth drivers. The Asia-Pacific region, including developing economies such as China and India, commands a significant share due to rapid urbanization and changing lifestyles. The market is segmented by product type, including chairs, tables, and cabinets, with residential and commercial sectors dominating. Growing real estate and hospitality industries contribute to demand. Additionally, online distribution channels are witnessing rapid growth. The trend towards eco-friendly products and recycled plastic furniture is further propelling market expansion. The demand for lightweight, portable, and easy-to-maintain furniture is expected to drive the plastic furniture market's growth in the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 13,610 Million |
| Market size value in 2030 | USD 22,993.81 million |
| Growth Rate | 6% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Plastic Furniture Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Plastic Furniture Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Plastic Furniture Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Plastic Furniture Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Plastic Furniture Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Plastic Furniture Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
