![Plastic Furniture Market](https://res.cloudinary.com/devmoveo/image/upload/v1691749735/skyquest/gallery/Global-Plastic-Furniture-Market.jpg)
Report ID: SQMIG25AH2013
Report ID:
SQMIG25AH2013 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
89 |
Figures:
67
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.
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Report ID: SQMIG25AH2013