With 4.48% CAGR, Plastic Furniture Market to Reach US$ 18.6 Billion by 2028 | Global Industry Report

According to IMARC Group's latest report "Plastic Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.' the global plastic furniture market size reached US$ 14.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.48% during 2023-2028.

Plastic furniture is generally manufactured from polyvinyl chloride, polymers and polypropylene materials. It is usually colored using UV-inhibited pigments in order to protect the furniture from the effects of ultraviolet rays. It is widely used as a preferred alternative to steel-based furniture since it is lightweight, corrosion-resistant, thermally insulative and durable in nature. Also, it is a cost-efficient substitute for wood-based furniture; hence is extensively utilized across the commercial and residential segments. The easy product availability via online and offline organized retail channels is providing a boost to the market across the globe.

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Plastic Furniture Market Trends:

The global market is primarily driven by the shifting lifestyle preferences of the masses. Coupled with the inflating disposable income levels of individuals and the increasing demand for furniture with enhanced comfort, this has created a positive market outlook. In line with this, numerous leading players are heavily investing in launching premium quality and multi-functional product variants in the market, which are projected to gain widespread prominence among the masses. Along with this, the availability of diversified product options with modern design is further propelling the market growth. Moreover, the rising investments by private and public firms in infrastructural development projects are bolstering the growth of the market on the global level. Other factors, including rapid urbanization, the shifting consumer preference towards replacing aging furniture with contemporary furnishings and the advent of online delivery models, are positively influencing the market.

Plastic Furniture Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the plastic furniture market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these Key Players Include:

• 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

Key Market Segmentation:

The report has segmented the plastic furniture market on the basis of type, distribution channel, end user and region.

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

Based On Region:

• North America
• Europe
• Asia Pacific
• Latin America

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Key Highlights of the Report:                                                           

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• 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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