Sustainable Furniture Market Key Vendors, Key Segment, Key Companies, Growth Opportunities by 2022-2030

Sustainable Furniture Market is projected to rise at a significant rate by 2030 expanding at a considerable CAGR of CAGR of 11.2% over the forecast period of 2022-2030.

The increasing prominence for durable and fixable furniture with less chances of ending up in a landfill has developed greater application of green furnishings across residential as well as commercial sectors.

The growing adoption of green building projects across the globe has paved the demand for sustainable interior products that includes, eco-friendly furniture.

In addition, rising prominence of sustainable manufacturing of furniture so as to create a pollutant-free environment has also boosted the market growth over the forecast period.

Key Market Trends:

Every market has its growth determinant and challenges. One of the major factor that has fuelled the market growth over the forecast period is the increasing influx of millennial and generation Z consumers purchasing eco-friendly furniture.

Also, the increasing adoption of sustainable materials in furniture production in order to support the environment is driving the market over the forecast period.

The growing initiatives that includes, environmentally friendly housing projects across nations have widened the scope for eco-friendly furniture among consumers over the forecast period.

Also, the increased health risks caused by traditional furniture that releases harmful pollutants such as, volatile organic compounds (VOCs) and cause allergies, migraines, and asthma has been driving demand for eco-friendly interiors that has in turn, raised the preference for eco-friendly furniture produced with a minimal amount of chemicals.

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Segmental Analysis Of The Market:

Based on Application
• Residential
• Commercial
The residential segment has dominated the market growth over the forecast period. This is because of the rising awareness among consumers towards sustainable production of furniture products has largely influenced the adoption of eco-friendly furniture in residential spaces. Consumer inclination towards avoidance of single-use plastic is also driving the consumption of sustainable furniture for interior decoration.

Based on Distribution Channel
• Offline
• Online
The offline segment has dominated the market growth over the forecast period. this is because of the specialty stores that are anticipated to dominate the offline distribution channel segment due to a large variety of home furnishing stores available across regions. Higher demand for household furniture from the real estate sector has drawn the demand for flexible and sustainable furniture.

North America is anticipated to amplify at a considerable CAGR

The Global Sustainable Furniture Market is segmented into 4 main regions namely, North America, Europe, Asia Pacific, and Middle east and Africa. Among these, North America is anticipated to dominate the regional segment over the forecast period. This is because of the rising consciousness regarding the impact of the choices made by consumers on the environment is steadily moving towards rising demand for sustainable furniture in the region. Rapid growth in the green homes industry in the U.S. is paving the way for further sustainable eco-friendly fittings.

Competitive Landscape:

Some of the prominent companies operating in the market are Vermont Woods Studios; Cisco Bros. Corp.; Manchester Woodcraft; Greenington; Lee Industries, Inc.; Williams-Sonoma Inc.; La-Z-Boy Inc.; Jiangxi Feiyu Bamboo Industry Group Co. Ltd.; Moso International B.V.; and Shenzhen Vincent Handicraft Co., Limited.

Major Questions Answered In This Report:

• What is the growth rate of the Global Sustainable Furniture Market?
• What are the primary growth determinants of the market?
• Which are the major regions constituting the geographical landscape of the market?
• Which are the prominent companies operating in the market?

Key Takeaways From The Report:

• Global Sustainable Furniture Market is projected to expand at a considerable CAGR over the forecast period.
• The increasing influx of millennial and generation Z consumers purchasing eco-friendly furniture is aiding market progression.
• The offline segment is poised to expand significantly over the forecast period.
• North America has dominated the regional market sphere over the forecast period.

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