Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for global professionals · Friday, March 29, 2024 · 699,682,445 Articles · 3+ Million Readers

Plastic Furniture Market is Projected to Reach $19,075.3 Mn by 2027 | Kitchen Furniture Segment is Grow with Robust CAGR

Plastic Furniture Market Image

Plastic Furniture Market

According to the global 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 increase in demand for housing real estate space and rise in customer demand for premium & luxury furniture.”
— Shankar Bhandalkar

5933 NE WIN SIVERS DRIVE, PORTLAND, OR, UNITED STATES, February 8, 2023 /EINPresswire.com/ -- 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 global plastic furniture market size was valued at $14.5 billion in 2019, and is projected to reach $19.0 billion by 2027, registering a CAGR of 5.8% from 2021 to 2027. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.

Get Free Sample Report PDF: https://bit.ly/3DS3LkV

Availability of recycled plastic furniture, which is made from plastic waste such bottles, plastic toys, and ocean plastic finds its application in outdoor furniture. Various stakeholders are creating plastic furniture by using a waste plastics. For instance, ScanCom International A/S is an outdoor furniture company, which recently introduced DuraOcean and DuraLand, which are plastic furniture completely made from recycled maritime plastic waste, setting a benchmark for sustainable material usage and design.

Moreover, eco-Birdy a European furniture manufacturing company has currently launched ecoBridy recycled plastic furniture for kids. The company further announced that its complete line of production plastic furniture is 100% recyclable and does not contain any harmful chemical. Hence, rise in trend of using recycled plastic furniture by various stakeholders is expected to create 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 decompose and releases harmful toxins into the soil. Moreover, plastics are omnipresent in the marine environment, thus polluting environment and requiring urgent actions.

Plastic furniture is more affordable and efficient as compared to other materials. Moreover, plastic furniture are available in various designs, types, and colors that can easily match the ambience of home, restaurant, hotel, and offices which is also the current plastic furniture market trend. Apart from having flawless designs and vibrant colors, plastic furniture are extremely durable. As the metal chairs and wooden chairs are stiff, they deform or break quickly. On the contrary, the flexibility of plastic furniture makes it easy for them to resist extreme pressure and damages.

Interested to Procure the Research Report? Inquire Before Buying: https://bit.ly/3JQbNhR

In addition, presence of plastic pose a threat not only to marine life but also to agricultural land. This is attributed to the fact that plastic is responsible for the dilapidation of the agriculture land and atmosphere, which continuously use precious earth resources, in particular oil. This is now posing threat to environmental and agricultural production. Thus, adverse effects of plastic on marine life and agriculture land is restricting the growth of the plastic furniture market.

The outbreak of the COVID-19 pandemic has created a number of challenges for exporters in developing and developed countries. The challenges witnessed by exporters of plastic furniture products are likely to remain for the foreseeable future, as different states and governments around the world attempt to tackle COVID-19 with various measures.

However, implementation of lockdown and curfew practices globally have affected domestic as well as international production of plastic furniture, which, in turn, hampers growth of the overall market. Thus, the outbreak of COVID-19 has negatively impacted the plastic furniture market in 2020, as sales of companies have reduced and operations have been halted.

Region wise, North America acquired the largest plastic furniture market share in 2019, and is expected to grow at a CAGR of 4.0%.

The 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.

Get Full Report | Buy Now & Get Exclusive Discount on this Report: https://bit.ly/3YDFCq4

Key Findings Of The Study:

○ By type, the kitchen furniture segment dominated the global market in 2019, and is expected to retain its dominance throughout the plastic furniture market forecast period.
○ Depending on end user, the residential segment led in terms of the plastic furniture market value in 2019, and is expected to continue to grow with robust CAGR during the forecast period.
○ On the basis of distribution channel, the modern trade segment dominated the global market in 2019, and is expected to retain its dominance throughout the forecast period.
○ Region wise, North America acquired the largest plastic furniture market share in 2019, and is expected to grow at a CAGR of 4.0%.

Reasons to Buy This Plastic Furniture Market Report:

○ Mergers and acquisitions should be well-planned by identifying the best manufacturer.
○ Sort new clients or possible partners into the demographic you’re looking for.
○ Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.
○ Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.
○ To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects.
○ Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.
○ To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors.


Similar Reports:

Metal Furniture Market is projected to reach $191,734.0 million by 2028
Children Furniture Market is projected reach $48.9 billion by 2030

○ Hospitality Furniture Market Growing Rapidly with Significant CAGR
https://www.alliedmarketresearch.com/hospitality-furniture-market-A06986

○ Bathroom Mirror Cabinets Market Opportunities and Forecast Assessment, 2021-2022
https://www.alliedmarketresearch.com/bathroom-mirror-cabinets-market-A06070

○ New Zealand Bathroom Products Market is projected to reach $772.2 million by 2030
https://www.alliedmarketresearch.com/new-zealand-bathroom-products-market-A16016

○ U.S. Home Furniture and Bedding Market is estimated to reach $183,489.52 million by 2027
https://www.alliedmarketresearch.com/us-home-furniture-and-bedding-market-A10954

○ Organic Beddings Market is projected to reach $539 million by 2031
https://www.alliedmarketresearch.com/organic-beddings-market-A31314

David Correa
Allied Analytics LLP
+ +1 503-894-6022
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

What Sets Us Apart ? - Allied Market Research

Powered by EIN Presswire


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release