Global Plastic Furniture Market by Distribution Channel (Offline, Online), by Application (Commercial, Residential) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2018, the global plastic furniture market was worth USD 11.9 billion. It is projected to grow at 3.9% CAGR between 2019 and 2025. Market growth can be attributed to many factors such as affordability, durability and lightweight.

Product demand is rising due to the growth of real estate and the hospitality sector via various commercial and residential projects. The global plastic furniture market is expected to be driven by demand for lightweight, portable, flexible, multi-functional furniture that can be used in small and large spaces.

The growing demand for portable and easy-moving furniture is increasing due to the popularity of modular and compact homes. The ease of designing, molding, and shaping allows for a broad range of products to suit the needs of consumers.

Due to growing awareness of eco-friendly products among consumers, many manufacturers are more inclined to develop eco-friendly furniture. The demand for eco-friendly plastic furniture will increase significantly due to the global trend towards going green. Product demand is expected to rise due to growing environmental concerns about deforestation.

Outdoor furniture is a great use for recycled plastic furniture made from bottles and other plastic waste. ScanCom International A/S, which is a Danish furniture company, has launched DuraOcean, and DuraLand. These furniture lines are entirely made from ocean and land waste.

Lack of elegance and characteristics like metal and wood is a major inhibitor to market growth. Although plastic furniture may limit consumers' choices in design and aesthetic, it is not possible to restrict their preferences when it comes to colors. Many manufacturers use the same PVC molding process. This furniture is less popular in the luxury furniture market.

Plastic has harmful environmental effects and is expected to be a market restraint. Plastic furniture's strength is one of the main restraining factors to market growth. It is stronger than other furniture.

Application Insights

The market can be divided into two segments based on application: residential and commercial. In 2018, the residential segment held the largest market share and will see the most growth in the forecast period. This growth can be attributed to increasing demand from low-medium earners, growing preference for playrooms, rapid urbanization and soft, safe furniture for children. There is also a surge in outdoor furniture demand. The growth of real estate projects in rural and urban areas will lead to a rise in residential furniture demand.

Due to the growth in the economy, which has seen an increase in office space, tourism, mid-scale restaurants and hotels, the commercial segment will see significant growth. The market is expected to be driven by demand for large-scale plastic furniture such as tables and chairs, on a contractual basis. Metal and wood furniture are more popular in commercial real estate than plastic because they offer elegance and aesthetics to the structure.

Distribution Channel Insights

The market can be divided into two types based on distribution channel: online and offline. The fastest growing segment of the market is expected to be online distribution. This is due to the availability and discounts on products, ease of shopping, comparisons, access to different sizes, and easy access to colors.

IKEA, the largest furniture retailer in the world, saw a 31% increase in online sales. Easy returns and delivery make it easier for customers to buy furniture. Furniture shipping is made easier and safer by using different delivery methods, such as inside delivery, front door delivery and white glove delivery.

In 2018, the offline distribution channel held the largest market share and is expected to see significant growth in the future. Traditional furniture buyers prefer to shop in stores to see the product in person and to feel its size and aesthetic. Manufacturers are now changing how furniture shoppers shop for it.

Virtual reality and Augmented Reality are emerging trends in the offline sector. This allows consumers to see if the product meets their needs. Macy's launched VR furniture shopping in 70 of its stores across the country, where shoppers can design their space using a 3D image. This will change the consumer's purchasing experience.

Regional Insights

Asia Pacific was the largest region in 2018, and it is expected to experience the fastest growth during the forecast period. Market demand will be positively impacted by factors such as the large low-to-mid income population, high number of households, growing IT sector, and increased office space.

Due to the increasing residential infrastructure, the residential sector holds the largest share of the market. India is the Asia Pacific's fastest-growing market due to its affordability, presence of top manufacturers like Featherlite and Nilkamal, as well as growing demand from both the residential and commercial sectors.

Due to increasing government focus on real estate through various residential and commercial projects to boost economic growth, particularly in Saudi Arabia, the Middle East and Africa will see significant growth over the forecast period. This will increase market demand for residential and commercial real estate.

Market Share Insights & Key Companies

Tramontina and Cosmoplast Industrial Company L.L.C. are some of the key market players in the global industry.

To increase their sustainability and market share, players in the industry invest in research and development. ecoBirdy is a Belgian Furniture Company that recycles plastic toys and makes furniture specifically for children.

Plastic Furniture Market Report Scope

The Report Covers Certain Segments

This report forecasts revenue growth at all levels, including country, regional and global. It also provides analysis of industry trends and potential opportunities for each sub-segment from 2015 to 2025. Grand View Research has divided the global plastic furniture market report by distribution channel, region, and application.

• Distribution Channel Outlook (Revenue USD Million, 2015-2025)

  • Online

  • Offline

• Application Outlook (Revenue USD Million, 2015-2025)

  • Residential

  • Commercial

• Regional Outlook (Revenue USD Million, 2015-2025)

  • North America

    • The U.S.

  • Europe

    • U.K.

    • France

  • Asia Pacific

    • India

    • China

  • Central & South America

    • Brazil

  • Middle East & Africa (MEA)

    • Saudi Arabia

These are the most frequently asked questions about this report

b. The market for plastic furniture in the world was valued at USD 12.37 billion in 2019, and will reach USD 12.89 in 2020.

b. Global plastic furniture market will grow at 3.9% compound annual growth rate from 2019 to 2025, reaching USD 15.48 billion in 2025.

b. With a 39.7% share in 2019, Asia Pacific was the dominant region in plastic furniture. The region's growing population of low- and middle income households, high number of households, and a growing IT sector and office space are some reasons for this dominance.

b. The market for plastic furniture includes Tramontina and Cosmoplast Industrial Company L.L.C. Supreme Group, Cello Wim Plast Ltd. Nilkamal Furniture Factory L.L.C. Keter Group, Vitra International A.G. Patio Furniture Industries and UMA Plastics Limited.

b. Product properties are key factors driving market growth. These include affordability, durability and lightweight.

Up Market Research published a new report titled “Plastic Furniture Market research report which is segmented by Distribution Channel (Offline, Online), by Application (Commercial, Residential), By Players/Companies Cello Wim Plast Ltd, Cosmoplast Industrial Company LLC, Vitra International AG, Supreme Group, Patio Furniture Industries, Keter Group, Nilkamal Furniture, Tramontina, UMA Plastics Limited, Avon Furniture Factory LLC”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Plastic Furniture Market Report Segments:

The market is segmented by Distribution Channel (Offline, Online), by Application (Commercial, Residential).

Plastic Furniture Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Plastic Furniture Market

Overview of the regional outlook of the Plastic Furniture Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Plastic Furniture Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Plastic Furniture Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Offline

                2. Online

                1. Commercial

                2. Residential

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Plastic Furniture Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Plastic Furniture Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.