The global plastic furniture market size is expected to reach USD 18.35 billion by 2030, expanding at a CAGR of 4.7% from 2024 to 2030. The market growth is attributed to factors like affordability, durability, lightweight, low or no maintenance, eco-friendly, resistant to corrosion, no effect of termites and bugs, good weatherability, and flexibility.
Growing real estate and hospitality sector through various residential and commercial projects and demand for versatile, lightweight, flexible, and multi-functional furnishings offering easy portability and application in small as well as large space are expected to drive the global market.
Many manufacturers are inclined towards developing eco-friendly furniture due to increasing awareness among consumers regarding eco-friendly products. Globally expanding trend to go green will substantially increase demand for ecological plastic furniture over the forecast period. Growing environmental concerns across the world over deforestation is expected to surge the market demand.
Recycled plastic furniture made from plastic waste such as bottles and ocean plastic finds a wide application in outdoor furniture. For Instance, ScanCom International A/S, a company based in Denmark, launched DuraOcean and DuraLand, a line of furniture made completely from ocean and land waste to manufacture 100% recycled product.
The residential segment accounted for the largest share in 2023 and is also estimated to be the fastest growing segment over the forecast period. The growth is attributed to factors such as increasing demand from low-medium income population, growing preference for playroom, rapid urbanization, soft and safe children furniture, and surging demand for outdoor furniture.
The commercial segment is estimated to witness significant growth over the forecast period owing to growing economy resulting in growing office space, tourism, mid-scale restaurant, and hotel industry. Demand for plastic furnishings such as chairs and tables in large scale events on contract basis is expected to drive the market. However, in commercial real estate, demand for metal and wood furnishings is high as it offers elegance and aesthetic to the infrastructure over plastic.
Online distribution channel is estimated to be the fastest growing segment in the market owing to availability of a wide range of products, discounts on product, convenience of purchasing, easy comparison, and access to different sizes and colors. For instance, the world’s largest furniture retailer, IKEA witnessed a 31% growth in online sales.
However, manufactures nowadays are changing the consumer’s ways of shopping furniture. Augmented reality and Virtual Reality are the upcoming trends in the offline segment, where consumers can check if the product fits consumer’s requirement. For instance, Macy’s has launched VR furniture shopping experience in about 70 stores nationwide, allowing shoppers to design space with 3D image, thus changing the purchasing experience of the consumers.
In Asia Pacific, India is the fastest and largest growing market owing to affordability, presence of leading manufactures such as Nilkamal and Featherlite, and increasing demand from the residential and commercial sectors. Middle East and Africa is expected to witness significant growth owing to increasing government focus on real estate through various commercial and residential projects to boost the economic growth, especially in Saudi Arabia. This is expected to increase the market demand in the commercial as well as residential sectors.
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Growing real estate and hospitality sector through various residential and commercial projects and demand for versatile, lightweight, flexible, and multi-functional furnishings offering easy portability and application in small as well as large space are expected to drive the global market.
Many manufacturers are inclined towards developing eco-friendly furniture due to increasing awareness among consumers regarding eco-friendly products. Globally expanding trend to go green will substantially increase demand for ecological plastic furniture over the forecast period. Growing environmental concerns across the world over deforestation is expected to surge the market demand.
Recycled plastic furniture made from plastic waste such as bottles and ocean plastic finds a wide application in outdoor furniture. For Instance, ScanCom International A/S, a company based in Denmark, launched DuraOcean and DuraLand, a line of furniture made completely from ocean and land waste to manufacture 100% recycled product.
The residential segment accounted for the largest share in 2023 and is also estimated to be the fastest growing segment over the forecast period. The growth is attributed to factors such as increasing demand from low-medium income population, growing preference for playroom, rapid urbanization, soft and safe children furniture, and surging demand for outdoor furniture.
The commercial segment is estimated to witness significant growth over the forecast period owing to growing economy resulting in growing office space, tourism, mid-scale restaurant, and hotel industry. Demand for plastic furnishings such as chairs and tables in large scale events on contract basis is expected to drive the market. However, in commercial real estate, demand for metal and wood furnishings is high as it offers elegance and aesthetic to the infrastructure over plastic.
Online distribution channel is estimated to be the fastest growing segment in the market owing to availability of a wide range of products, discounts on product, convenience of purchasing, easy comparison, and access to different sizes and colors. For instance, the world’s largest furniture retailer, IKEA witnessed a 31% growth in online sales.
However, manufactures nowadays are changing the consumer’s ways of shopping furniture. Augmented reality and Virtual Reality are the upcoming trends in the offline segment, where consumers can check if the product fits consumer’s requirement. For instance, Macy’s has launched VR furniture shopping experience in about 70 stores nationwide, allowing shoppers to design space with 3D image, thus changing the purchasing experience of the consumers.
In Asia Pacific, India is the fastest and largest growing market owing to affordability, presence of leading manufactures such as Nilkamal and Featherlite, and increasing demand from the residential and commercial sectors. Middle East and Africa is expected to witness significant growth owing to increasing government focus on real estate through various commercial and residential projects to boost the economic growth, especially in Saudi Arabia. This is expected to increase the market demand in the commercial as well as residential sectors.
Plastic Furniture Market Report Highlights
- The residential application segment is estimated to be the largest and fastest growing segment in the forecast period owing to rapid urbanization and increasing low-medium income population
- The offline segment accounted for the largest market share in 2023 as manufacturers are changing the consumer’s way of shopping by adding AR and VR technology, allowing shoppers to design space with 3D furniture image
- The kitchen furniture segment dominated the global plastic furniture market with a revenue share of 25.2% in 2023
- North America plastic furniture market held a significant share of the global plastic furniture market in 2023 and is expected to grow rapidly over the forecast period
The leading players in the Plastic Furniture market include:
- Tramontina
- Cosmoplast
- Supreme Furnitures
- Nilkamal Furniture
- Wim Plast Limited
- Avon Furniture
- Keter Group BV
- VITRA INTERNATIONAL AG
- Patio Furniture Outdoor Living
- Swagath Furniture (A Brand of Uma Plastics Limited)
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Plastic Furniture Market Variables, Trends, & Scope
Chapter 4. Consumer Behavior Analysis
Chapter 5. Plastic Furniture Market: Application Estimates & Trend Analysis
Chapter 6. Plastic Furniture Market: Distribution Channel Estimates & Trend Analysis
Chapter 7. Plastic Furniture Market: Type Estimates & Trend Analysis
Chapter 8. Plastic Furniture Market: Regional Estimates & Trend Analysis
Chapter 9. Competitive Landscape
Companies Mentioned
The leading players in the Plastic Furniture market include:- Tramontina
- Cosmoplast
- Supreme Furnitures
- Nilkamal Furniture
- Wim Plast Limited
- Avon Furniture
- Keter Group BV
- VITRA INTERNATIONAL AG
- Patio Furniture Outdoor Living
- Swagath Furniture (A Brand of Uma Plastics Limited)
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 13.33 Billion |
| Forecasted Market Value ( USD | $ 18.35 Billion |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
