PUBLISHER: Grand View Research | PRODUCT CODE: 1571667
PUBLISHER: Grand View Research | PRODUCT CODE: 1571667
Plastic Furniture Market Size, Share & Trends Analysis Report By Application (Residential, Commercial), By Distribution Channel (Online, Offline), By Type (Kitchen, Living Room), By Region, And Segment Forecasts, 2024 - 2030
Plastic Furniture Market Growth & Trends:
The global plastic furniture market size is expected to reach USD 18.35 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.7% from 2024 to 2030. The market growth is attributed to factors like affordability, durability, lightweight, low or no maintenance, eco-friendly, resistant to corrosion, no effect of termites and bugs, good weatherability, and flexibility.
Growing real estate and hospitality sector through various residential and commercial projects and demand for versatile, lightweight, flexible, and multi-functional furnishings offering easy portability and application in small as well as large space are expected to drive the global market.
Many manufacturers are inclined towards developing eco-friendly furniture due to increasing awareness among consumers regarding eco-friendly products. Globally expanding trend to go green will substantially increase demand for ecological plastic furniture over the forecast period. Growing environmental concerns across the world over deforestation is expected to surge the market demand.
Recycled plastic furniture made from plastic waste such as bottles and ocean plastic finds a wide application in outdoor furniture. For Instance, ScanCom International A/S, a company based in Denmark, launched DuraOcean and DuraLand, a line of furniture made completely from ocean and land waste to manufacture 100% recycled product.
The residential segment accounted for the largest share in 2023 and is also estimated to be the fastest growing segment over the forecast period. The growth is attributed to factors such as increasing demand from low-medium income population, growing preference for playroom, rapid urbanization, soft and safe children furniture, and surging demand for outdoor furniture.
The commercial segment is estimated to witness significant growth over the forecast period owing to growing economy resulting in growing office space, tourism, mid-scale restaurant, and hotel industry. Demand for plastic furnishings such as chairs and tables in large scale events on contract basis is expected to drive the market. However, in commercial real estate, demand for metal and wood furnishings is high as it offers elegance and aesthetic to the infrastructure over plastic.
Online distribution channel is estimated to be the fastest growing segment in the market owing to availability of a wide range of products, discounts on product, convenience of purchasing, easy comparison, and access to different sizes and colors. For instance, the world's largest furniture retailer, IKEA witnessed a 31% growth in online sales.
However, manufactures nowadays are changing the consumer's ways of shopping furniture. Augmented reality and Virtual Reality are the upcoming trends in the offline segment, where consumers can check if the product fits consumer's requirement. For instance, Macy's has launched VR furniture shopping experience in about 70 stores nationwide, allowing shoppers to design space with 3D image, thus changing the purchasing experience of the consumers.
In Asia Pacific, India is the fastest and largest growing market owing to affordability, presence of leading manufactures such as Nilkamal and Featherlite, and increasing demand from the residential and commercial sectors. Middle East and Africa is expected to witness significant growth owing to increasing government focus on real estate through various commercial and residential projects to boost the economic growth, especially in Saudi Arabia. This is expected to increase the market demand in the commercial as well as residential sectors.
Plastic Furniture Market Report Highlights:
- The residential application segment is estimated to be the largest and fastest growing segment in the forecast period owing to rapid urbanization and increasing low-medium income population
- The offline segment accounted for the largest market share in 2023 as manufacturers are changing the consumer's way of shopping by adding AR and VR technology, allowing shoppers to design space with 3D furniture image
- The kitchen furniture segment dominated the global plastic furniture market with a revenue share of 25.2% in 2023
- North America plastic furniture market held a significant share of the global plastic furniture market in 2023 and is expected to grow rapidly over the forecast period
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Plastic Furniture Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.4. Plastic Furniture Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
- 3.4.1. Porter's Analysis
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends & Preferences
- 4.3. Factors Influencing Buying Decisions
- 4.4. Consumer Product Adoption Trends
- 4.5. Observations & Recommendations
Chapter 5. Plastic Furniture Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Plastic Furniture Market: Application Movement Analysis, 2023 & 2030 (USD Million)
- 5.3. Residential
- 5.3.1. Residential Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Commercial
- 5.4.1. Commercial Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Plastic Furniture Market: Distribution Channel Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Plastic Furniture Market: Distribution Channel Movement Analysis, 2023 & 2030 (USD Million)
- 6.3. Online
- 6.3.1. Online Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Offline
- 6.4.1. Offline Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Plastic Furniture Market: Type Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Plastic Furniture Market: Type Movement Analysis, 2023 & 2030 (USD Million)
- 7.3. Kitchen Furniture
- 7.3.1. Kitchen Furniture Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Living and Dining Room Furniture
- 7.4.1. Living and Dining Room Furniture Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. Bathroom Furniture
- 7.5.1. Bathroom Furniture Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6. Outdoor Furniture
- 7.6.1. Outdoor Furniture Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.7. Others
- 7.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Plastic Furniture Market: Regional Estimates & Trend Analysis
- 8.1. Plastic Furniture Market Share, By Region, 2023 & 2030, USD Million
- 8.2. North America
- 8.2.1. North America Plastic Furniture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.2. U.S.
- 8.2.2.1. U.S. Plastic Furniture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.3. Canada
- 8.2.3.1. Canada Plastic Furniture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.4. Mexico
- 8.2.4.1. Mexico Plastic Furniture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Europe Plastic Furniture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.2. UK
- 8.3.2.1. UK Plastic Furniture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.3. Germany
- 8.3.3.1. Germany Plastic Furniture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.4. France
- 8.3.4.1. France Plastic Furniture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.5. Italy
- 8.3.5.1. Italy Plastic Furniture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.6. Spain
- 8.3.6.1. Spain Plastic Furniture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Plastic Furniture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.2. China
- 8.4.2.1. China Plastic Furniture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.3. Japan
- 8.4.3.1. Japan Plastic Furniture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.4. India
- 8.4.4.1. India Plastic Furniture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.5. South Korea
- 8.4.5.1. South Korea Plastic Furniture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.6. Australia & New Zealand
- 8.4.6.1. Australia & New Zealand Plastic Furniture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5. Latin America
- 8.5.1. Latin America Plastic Furniture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.2. Brazil
- 8.5.2.1. Brazil Plastic Furniture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6. Middle East and Africa
- 8.6.1. Middle East and Africa Plastic Furniture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.2. South Africa
- 8.6.2.1. South Africa Plastic Furniture Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Impact Analysis by Key Market Participants
- 9.2. Company Categorization
- 9.3. Company Heat Map Analysis
- 9.4. Company Profiles
- 9.4.1. Tramontina
- 9.4.1.1. Participant's Overview
- 9.4.1.2. Financial Performance
- 9.4.1.3. Product Benchmarking
- 9.4.1.4. Recent Developments/Strategic Initiatives
- 9.4.2. Cosmoplast
- 9.4.2.1. Participant's Overview
- 9.4.2.2. Financial Performance
- 9.4.2.3. Product Benchmarking
- 9.4.2.4. Recent Developments/Strategic Initiatives
- 9.4.3. Supreme Furnitures
- 9.4.3.1. Participant's Overview
- 9.4.3.2. Financial Performance
- 9.4.3.3. Product Benchmarking
- 9.4.3.4. Recent Developments/Strategic Initiatives
- 9.4.4. Nilkamal Furniture
- 9.4.4.1. Participant's Overview
- 9.4.4.2. Financial Performance
- 9.4.4.3. Product Benchmarking
- 9.4.4.4. Recent Developments/Strategic Initiatives
- 9.4.5. Wim Plast Limited
- 9.4.5.1. Participant's Overview
- 9.4.5.2. Financial Performance
- 9.4.5.3. Product Benchmarking
- 9.4.5.4. Recent Developments/Strategic Initiatives
- 9.4.6. Avon Furniture
- 9.4.6.1. Participant's Overview
- 9.4.6.2. Financial Performance
- 9.4.6.3. Product Benchmarking
- 9.4.6.4. Recent Developments/Strategic Initiatives
- 9.4.7. Keter Group BV
- 9.4.7.1. Participant's Overview
- 9.4.7.2. Financial Performance
- 9.4.7.3. Product Benchmarking
- 9.4.7.4. Recent Developments/Strategic Initiatives
- 9.4.8. VITRA INTERNATIONAL AG
- 9.4.8.1. Participant's Overview
- 9.4.8.2. Financial Performance
- 9.4.8.3. Product Benchmarking
- 9.4.8.4. Recent Developments/Strategic Initiatives
- 9.4.9. Patio Furniture Outdoor Living
- 9.4.9.1. Participant's Overview
- 9.4.9.2. Financial Performance
- 9.4.9.3. Product Benchmarking
- 9.4.9.4. Recent Developments/Strategic Initiatives
- 9.4.10. Swagath Furniture (A Brand of Uma Plastics Limited)
- 9.4.10.1. Participant's Overview
- 9.4.10.2. Financial Performance
- 9.4.10.3. Product Benchmarking
- 9.4.10.4. Recent Developments/Strategic Initiatives
- 9.4.1. Tramontina
