Sustainable Home Decor Market is Led by Increasing Levels of Urbanization and Rising Consumer Disposable Income

The global sustainable home decor market was valued at US$ 331.0 billion in 2021 and it is anticipated to grow up to US$ 556.3 billion by 2031, at a CAGR of 5.3% during the forecast period.

For many, sustainable home decor means working with local artisans from their local community to create handmade products. For others, sustainable home decor means weaving sustainable and local materials into their designs. With more consumers looking to source ethically made and sustainable home decor products, designers try to provide quality products that shoppers can connect with on many levels. They are beautiful and created with minimal impact on the earth and society. Sustainable decorating is decorating a home in a way that benefits rather than harms the environment. Also, recycled materials are present in many sustainable home decor products.

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Market Drivers and Trends

Increasing levels of urbanization have resulted in an increasing number of new households being set up. Nowadays, more than half of the global population lives in urban areas. Going forward, these levels are expected to increase further, positively impacting the demand for home decor products. Moreover, home decor products are income elastic, with global disposable incomes increasing continuously over the next few years, particularly in economies such as Asia, Africa, the Middle East, and Eastern Europe. In addition, the recovery of the global real estate sector is also expected to drive homeownership rates creating a positive impact on this market. Another major factor driving this market is the strong performance of the online retail sector. Online retail has made home decor products easily available, affordable, and convenient to buy. Thus, factors such as increasing levels of urbanization, rising consumer disposable income, and strong performance of the online retail sector are boosting the growth of sustainable home decor market.

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Major Players in the Global Sustainable Home Decor Market

The key players studied in the global sustainable home decor market are Cisco Brothers (US), Duresta Upholstery Limited (UK), Forbo Flooring UK Limited (UK), Greenington (US), Herman Miller, Inc. (US), IKEA North America Services, LLC (US), La-Z-Boy Incorporated (US), Lee Industries (US), MOSO International B.V. (The Netherlands), and Vermont Woods Studios (US).

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