Dublin, Nov. 11, 2022 (GLOBE NEWSWIRE) -- The "Plastic Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global plastic furniture market reached a value of US$ 13.5 billion in 2021. Looking forward, the market is projected to reach US$ 17.8 billion by 2027, exhibiting a CAGR of 4.6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use sectors. These insights are included in the report as a major market contributor.
Plastic furniture is manufactured using thermoplastics polymers, such as polyethylene (PE), polypropylene (PP), polystyrene (PS), polyvinyl chloride (PVC), and acrylonitrile butadiene styrene (ABS). It is robust, durable, lightweight, eco-friendly, and resistant to corrosion and temperature and has remarkable dimensional stability and mechanical properties.
It is widely used in residential and commercial establishments for seating and storage purposes and enhancing the aesthetic appeal of interior spaces. Nowadays, due to rising environmental concerns, several manufacturers are developing sustainable and innovative products, such as chairs, tables, desks, wardrobes, and cabinets, which are made using recycled plastic.
Plastic Furniture Market Trends
The growing trend of compact and integrated modular homes on account of the increasing number of nuclear families represents one of the key factors positively influencing the demand for ergonomic plastic furniture across the globe. It can also be attributed to rising investments by governing agencies of numerous countries in real estate projects.
Moreover, the growing consumer inclination towards high-end, luxury furniture is catalyzing the demand for premium plastic furniture, such as dining sets, rockers, swings, lounges, gliders, benches, and Adirondacks. Apart from this, as plastic furniture is waterproof, corrosion-free, and requires less maintenance, it is finding extensive application in corporate offices to create a comfortable working space and improve the overall productivity of employees.
Furthermore, several manufacturers are introducing modern, innovative plastic furniture items with improved functionality and comfort. They are also offering multi-functional furniture in affordable and contemporary designs through e-commerce sites. This, in confluence with the thriving e-commerce industry and the increasing popularity of outdoor dining, is driving the adoption of plastic furniture in hotels and restaurants around the world.
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and Vitra International AG.
Key Questions Answered in This Report
- How has the global plastic furniture market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global plastic furniture market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the distribution channel?
- What is the breakup of the market based on the End-user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global plastic furniture market and who are the key players?
- What is the degree of competition in the industry?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Plastic Furniture Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Kitchen Furniture
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Living and Dining Room Furniture
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Bathroom Furniture
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Outdoor Furniture
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Distribution Channel
7.1 Supermarkets and Hypermarkets
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Specialty Stores
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Online Stores
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by End User
8.1 Residential
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Ashley Furniture Industries Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 SWOT Analysis
14.3.2 Avro India Limited
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.3 Harwal Group
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Inter IKEA Systems B.V.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Keter Group
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Kristalia Srl
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Nilkamal Limited
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.8 ScanCom International A/S
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Supreme Industries Limited
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.10 Tramontina
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 UMA Plastics Limited
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Vitra International AG
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
For more information about this report visit https://www.researchandmarkets.com/r/w3g7gf
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