At a CAGR of 4.6%, Plastic Furniture Market to Reach US$ 17.8 Billion by 2027

According to IMARC Group's latest report "Plastic Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.' the global plastic furniture market reached a value of US$ 13.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 17.8 Billion by 2027, exhibiting a CAGR of 4.6% during 2022-2027. 

Plastic furniture, such as chairs and tables, is made from lightweight and more durable materials, such as polyethylene (PE), polystyrene (PS), polyvinyl chloride (PVC), and polypropylene (PP). The manufacturing process consists of collecting plastic, which is cleaned, shredded, and separated by color. These materials are then melted into thick panels and molded into desired shapes and sizes. When compared to traditional furniture, plastic furniture is robust, eco-friendly, and resistant to corrosion and ultraviolet (UV) light. As a result, plastic furniture is extensively used in residential and commercial sectors for storage and seating purposes and for enhancing the aesthetic appeal of interior spaces.  

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.'

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Market Trends:

The primary factor driving the global plastic furniture market is the increasing demand for portable furniture and the rising number of nuclear families. Moreover, the trend of compact and integrated modular homes and shifting consumer inclination towards high-end luxury furniture, such as rockers, dining sets, swings, lounges, and gliders, are boosting the market growth. Additionally, governments of various countries are heavily investing in real estate projects, which, in turn, is creating a positive outlook for the market. In line with this, key market players are introducing modern, multi-functional, and innovative plastic furniture with improved functionality and comfort to increase their consumer base, which is providing a considerable thrust to the market growth. 

Key Market Segmentation:

Based On Type:

Kitchen Furniture
Living and Dining Room Furniture
Bathroom Furniture
Outdoor Furniture
Others

Based On Distribution Channel:

Supermarkets and Hypermarkets
Specialty Stores
Online Stores
Others

Based On End User:

Residential
Commercial

Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

Competitive Landscape

Ashley Furniture Industries Inc.
Avro India Limited
Harwal Group
Inter IKEA Systems B.V
Keter Group
Kristalia Srl
Nilkamal Limited
ScanCom International A/S
Supreme Industries Limited
Tramontina
UMA Plastics Limited
Vitra International AG

Click here to view detailed information with table of content: https://www.imarcgroup.com/plastic-furniture-market

Key highlights of the report:                                                           

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Website: https://www.imarcgroup.com/

About Us: 

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.