The Detailed Market intelligence report on the Global Plastic Furniture Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Global Plastic Furniture Market place for the forecast 2021-2027.
Scope of The Report:
The growth in the global plastic furniture market has been attributed to the factors such as durability, affordability, weight or the lower or no maintenance, restraint to the process of corrosion, eco-friendliness or flexibility, weather resistance, effect of termites. The global size of the plastic furniture market has been valued significantly in the last few years and has also been expected to grow at a good speed too. The growth in the real estate sector and the hospitality sector because of a lot of projects which are commercial or residential have been a major growth factor for the market. The demand for a flexible multi-functional, lightweight and versatile furniture which offers a lot of portability in terms of application in the smaller to larger spaces has been expected to drive the market of plastic furniture globally.
Because of the trend of a nuclear family growing, the demand for the easy moving and portable furniture has been increasing in the homes which are compact. A lot of the range of these products as per demand and application of the consumers is due to the ease in designing, shaping and molding this furniture and that provides a wider scope for the purchasing of these products. All these factors are resulting in good growth of the global plastic furniture market.
Plastic Furniture Market Key Players Analysis
SABIC, Exxon Mobile Corporation,
Sumitomo Chemical Co., Ltd.,
Reliance Industries Limited,
BASF SEA lot of the manufacturers have been inclined in the development of the furniture in an eco-friendly manner as there is an increase in the awareness of the consumers for the environment friendly products. The expanding trend all over the world for going green is going to increase the demand for the plastic furniture in the forecast period. The growth in the concerns with regard to deforestation has been expected to see a surge in the demand of the product. The furniture which is recycled from the waste of plastic like the ocean plastic and bottles are finding a newer application in the sector of outdoor furniture.
A major factor that is restricting the global plastic furniture market is the lack of elegance and characteristics which is there in that of metal and wood. The furniture made out of plastic is limiting the preference of the consumer in terms of design as well as aesthetics however in case of colors it can be molded in a manner similar to that of the PVC. Consequently, the furniture has a lot lesser demand than the market of luxury furniture. Further, plastic is a product which is not biodegradable and has a lot of harmful effects for the environment and that has also been a restraining factor for the market. The strength of this material is another factor which restrains growth of the global plastic furniture market because this is weaker than the other forms of furniture. In terms of application, the global plastic furniture market may be divided into home or office furniture. The residential furniture segment has been accounting for the biggest share in the market historically and is also expected to see a good amount of growth in the period as there is a major demand for the plastic furniture from the groups of people who have their income in the lower or medium levels.
Plastic Furniture Key Market Segments
Kitchen Furniture, Living and Dining Room Furniture, Bathroom Furniture, Outdoor Furniture, Other
By Distribution Channel
Supermarkets & Hypermarkets, Specialty Stores, Online, Others
Plastic Furniture Market by Regional Analysis
Middle East and Africa
The plastic furniture market of Asia Pacific has been the one which has shown the greatest amount of adoption of plastic furniture and the growth is expected to continue in the period of forecast. The abundance of the population in the low-mid income strata as well as the larger number of households and the growth in the IT sector as well as the office spaces have been expected to impact this market positively in this particular region. Nilkamal and Featherlite are the major players in the global plastic furniture market and are leading the commercial and residential sectors.
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