Plastic Furniture Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, End User and Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2021-2027

 Plastic Furniture Market Overview:

The global plastic furniture market size was valued at $14,593.1 million in 2019, and is projected to reach $19,075.3 million by 2027, registering a CAGR of 5.8% from 2021 to 2027. Plastic furniture is designed using various types of plastics, including polymers, polyvinyl chloride, and polypropylene. Their prolonged durability and economic nature have made them ideal materials to be used in outdoor settings and for indoor purposes.

Factors such as rapid urbanization, increase in disposable income, surge in demand for housing real estate space, and increase in need for premium & luxury furniture from customers have augmented the growth of the global plastic furniture market. Countries such as China, India, Brazil, and South Africa have witness strong growth in real estate and the hospitality sector. Rise in investment in real estate and hospitality sectors by various companies further contributes toward the growth of the market. Furthermore, high-quality plastic furniture are gaining increased traction for residential and commercial purposes, owing to properties such as timeless durability & aesthetics  as well as waterproof nature. Developed and underdeveloped regions are rapidly focusing on developing their real estate and hospitality sectors, as they are the crucial parts of the economy of a country. Hence, increase in investment in real estate and hospitality sectors has driven the growth of the plastic furniture market.

Rise in trend to go green across the globe is expected to substantially surge the demand for biodegradable plastic furniture during the forecast period. Moreover, various stakeholders are focusing toward developing sustainable furniture, owing to increase in awareness regarding biodegradable products. Furthermore, increase in environmental concerns globally, rise in deforestation, and implementation of stringent restriction of government on cutting of trees have provided lucrative opportunity to the plastic furniture market.  In addition, sustainable architecture are using environmentally friendly materials and construction processes for interior furniture or sustainable urban furniture which has further driven the plastic furniture market demand. However, availability of substituted products such as wood, glass, and metal furniture in the commercial real estate hampers the market growth. Furthermore, wooden furniture is always the first preference of customers, owing to their attractive design and shapes, which is further restricting the growth of plastic furniture market.

The plastic furniture market is segmented into type, end user, distribution channel, and region. On the basis of type, the market is divided into kitchen furniture, living & dining room furniture, bathroom furniture, and outdoor furniture. By end user, it is bifurcated into residential and commercial. On the basis of distribution channel, it is categorized into modern trade, specialty stores, e-commerce, and direct-to-customers. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

On the basis of type, the kitchen furniture segment constituted a major share in 2019; however, the bathroom furniture segment is projected to experience growth at the highest CAGR during the forecast period. Rise in trend of modular kitchen and kitchen cabinets significantly contributes to the global market.

By end user, the residential segment led in terms of size in 2019, and is expected to continue to grow with robust CAGR during the plastic furniture market forecast period. This is attributed to rapid urbanization, increase in disposable income, and rise in awareness regarding availability of eco-friendly plastic furniture.

Depending on distribution channel, the modern trade segment garnered the largest plastic furniture market share in 2019, and is projected to remain dominant during the forecast period. Modern trade includes hypermarkets/supermarkets, which are gaining high popularity, owing to availability of a broad range of consumer goods under a single roof, ample parking space, and convenient operation timings. Moreover, increase in urbanization, rise in working class population, and competitive pricing boost the popularity of modern trade in developed and developing regions.

The key players profiled in the plastic furniture market report are Avro India Limited, Cello Group, Cosmoplast Industrial Company L.L.C., Keter Group, Nilkamal Limited, Pil Italica Lifestyle Limited, ScanCom International A/S, The Supreme Industries Limited, Tramontina, and Uma Plastics Limited. 

COVID-19 impact analysis

• COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December 2020.
• The global coronavirus pandemic has created a number of challenges for exporters in the developing and developed countries. The challenges witnessed by the exporters of plastic furniture products are likely to remain for the foreseeable future, as different states and governments around the world attempt to tackle COVID-19 with various measures.
• The outbreak of the COVID-19 pandemic, manufacturers have increased social media advertisement of using plastic furniture to reach a large consumer base.
• Implementation of curfew and the practice of maintaining social distancing globally affect the domestic as well as international production, which in turn, hampers the growth of the overall market.
• Import and export restrictions on goods and quarantine and lockdown measures imposed by governments are key challenges exporters are facing during this pandemic.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the plastic furniture market analysis from 2019 to 2027 to identify the prevailing market opportunities.
• The market research is offered along with information related to key drivers, restraints, and plastic furniture market opportunities.
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier–buyer network.
• In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global plastic furniture industry. 
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the plastic furniture market players.
• The report includes analysis of regional as well as global plastic furniture market trends, key players, market segments, application areas, and plastic furniture market growth strategies. 

Key Market Segments

By Type  

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

By End User

• Residential
• Commercial

By Distribution channel

• Modern Trade
• Specialty Stores
• E-commerce
• Direct-to-customers

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia & New Zealand
  • South Korea
  • ASEAN
  • Rest of Asia-pacific
• LAMEA
  • Brazil
  • South Africa
  • Turkey
  • Saudi Arabia
  • Rest of LAMEA

  Plastic Furniture Market Report Highlights

Aspects	Details
By TYPE	Kitchen furniture Living and dining room furniture Bathroom furniture Outdoor furniture
By END USER	Residential Commercial
By DISTRIBUTION CHANNEL	Modern trade Specialty stores E-commerce Direct-to-customers
By Region	North America  (U.S., Canada, Mexico) Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe) Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific) LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players	Pil Italica Lifestyle Limited, ScanCom International A/S, Cosmoplast Industrial Company L.L.C., Avro India Limited, The Supreme Industries Limited, Nilkamal Limited, Uma Plastics Limited., Cello Group, Keter Group, Tramontina

Analyst Review

Innovation is the key for growth of the plastic furniture market, in terms of value sales. Rise in demand for various plastic furniture among customers makes way for manufacturers to come up with new and eco-friendly products along with affordable prices and good quality.

Increase in trend of modular kitchen and kitchen cabinets significantly contributes toward the growth of the global plastic furniture market. Moreover, poly-vinyl chloride (PVC) is one of the most favored materials for modular kitchen cabinets, as it is cost-effective and cheaper as compared to wooden cabinets. Several stakeholders in hospitality industry such as motels, hotels, and restaurants are major consumers of outdoor plastic furniture. Moreover, decorative lounge chairs, upholstery, and tables are some key products, which are boosting the demand for plastic. In last couple of years, the tourism industry has evolved owing to surge in disposable income and rise in spending on travel. The trend of opting modern lifestyle and increase in socializing trends, including outdoor dining at gardens, grilling & barbeque events at the backyard, social get-together are the factors, which bolster the demand for plastic furniture. Moreover, plastic furniture  have witnessed prominent adoption in the developing countries such as India, China, and South Africa, owing to swift change in consumer lifestyle, increase in disposable income, and surge in need for attractive plastic furniture. Furthermore, increase in penetration of various online portals globally and rise in number of offers or discounts attract large consumer base to purchase plastic furniture through online channels. In addition, online sales channel has increased consumer reach, making it key source of revenue for many companies.

 

 

Author Name(s) : Nitesh Chouhan| Himanshu Vig | Roshan Deshmukh

Related Tags

• Home Dcor
• Interior Design
• Home Improvement