Plastic Furniture Market Is Forecasted To Reach US$ 26.7 Billion By 2033, Fact.MR

In 2023, global plastic furniture market is reached an estimated US$ 15.05 billion, with projections indicating a leap to US$ 26.7 billion by 2033. Forecasts suggest a consistent 5.9% Compound Annual Growth Rate (CAGR) over the next decade.

The pursuit of lightweight and cost-effective materials in furniture production is fueling the shift towards plastics over traditional heavy metals in contemporary designs. Given the exceptional performance attributes of plastic materials, demand for plastic furniture is anticipated to surge in the forthcoming years.

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Scientists and researchers are working on enhancing the properties of thermoplastics to potentially reduce manufacturing costs for plastic furniture makers. This initiative aims to boost sales of plastic patio, indoor, and outdoor furniture by offering cost-effective solutions and unique designs. Simultaneously, manufacturers in this sector are adapting their strategies to capitalize on the growing e-commerce landscape as a lucrative distribution channel, particularly as millennial consumers increasingly prefer online furniture shopping.

Furthermore, there is a growing awareness of the harmful effects of plastic pollution on the environment. This awareness has led to a rise in the use of recycled plastic materials in furniture production, becoming a significant trend in the plastic furniture market.

In January 2023, Herman Miller, a renowned name in home and office furnishings, unveiled a contemporary furniture line. Notably, the Sayl Chair, designed by Yves Béhar, incorporated approximately 3 pounds of discarded plastic waste retrieved from waterways, showcasing the brand's commitment to reducing ocean-bound plastic pollution.

However, plastic furniture faces limitations in innovative colors and designs compared to alternatives like metal and wood. This constraint poses challenges for consumers seeking elegant and versatile furniture options. Additionally, plastic furniture often lacks longevity, being prone to disintegration or breakage over time. Consequently, despite the lower costs associated with plastic furniture, the increasing demand for durable alternatives drives consumers to favor traditional furniture forms.

Key Companies Profiled
• Tramontina
• Keter Group
• UMA Plastics Limited
• Supreme Group
• Vitra International AG
• Kristalia Srl
• Maitri Plastic Industries
• Cosmoplast Industrial Company L.L.C.
• Nilkamal Furniture
• Cello Wim Plast Ltd.
• Avon Furniture Factory L.L.C
• Patio Furniture Industries Conover NC

Country-wise Insights
In recent years, the surge in minimalistic and compact living has swept across the United States, presenting a boon for plastic furniture suppliers. Renowned for its durability and lightweight nature, plastic furniture proves invaluable in optimizing space within tight living quarters.

Characteristically designed with minimalism in mind, plastic furniture seamlessly integrates with the contemporary trend of compact home decor, fostering a lucrative environment for distributors nationwide. The market outlook predicts significant revenue streams from plastic folding furniture, bathroom fixtures, and children's furniture, underscoring the promising trajectory for plastic furniture companies in the United States.

Market Competition
Top plastic furniture brands are focusing on launching new products with unique designs to attract a wide base of customers from different parts of the world.
• In January 2023, Nardi, an Italian outdoor furniture supplier, announced the launch of a new table and stool collection made from 100% recyclable and regenerated polypropylene. The collection was designed by designer Raffaello Galiotto.

Key Segments of Plastic Furniture Market Research
• By Resin Type :
o PP
o HDPE
o PVC
o PC
o LDPE
o LLDPE
o PS
o ABS
o Other Resins

• By Buyer Category :
o Residential
o Commercial
o Institutional

• By Price Range :
o Low
o Medium
o High
o Premium

• By Sales Channel :
o Independent Furniture Outlets
o Modern Trade Channels
o Franchised Furniture Stores
o Third-party Online Channels
o Direct-to-Customer Channels
o Factory Outlets
o Other Sales Channels

• By End Use :
o Homes
 Sofas & Arm Chairs
 Entertainment Units
 Storage units
 Table & Desks
 Dining
 Other Home Furniture
o Offices
 Office Chairs
 Office Tables
 Storage Furniture
o Outdoor
 Tables & Chairs
 Seating Sets
 Dining Sets
o Playrooms
 Table & Chair Sets
 Storage Cabinets
 Couches

• By Region :
o North America
o Latin America
o Europe
o APAC
o MEA

Read More: https://www.factmr.com/report/3574/plastic-furniture-market

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This release was published on openPR.