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 News

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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 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. '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 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 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.

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 market. Its adaptability and portability are additional attractive features for consumers.

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.

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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

Plastic Furniture Market News

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