Plastic Furniture Market Growth 2023, Industry Trends, Share, Business Challenges, Revenue, Future Opportunities, Key Manufacturers, Future Investment and Forecast till 2033: SPER Market Research
Plastic furniture is more cost effective and durable than other materials. In addition, because plastic furniture comes in a variety of forms, colors, and styles, it is easy to match the decor of a home, restaurant, hotel, or business. Plastic furniture is not only attractive and colorful, but it is also highly durable. Metal and wooden chairs are stiff, therefore they easily distort or burst. Plastic furniture, on the other hand, is flexible and resistant to abrasion and damage.
According to SPER market research, ‘Plastic Furniture Market Size- By Type, By End User, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Plastic Furniture Market is predicted to reach USD 27.11 billion by 2033 with a CAGR of 6.04%.
Consumer demand for luxury and luxurious furniture, as well as reasons such as rising disposable income, housing real estate demand, and fast urbanization, have all propelled the worldwide plastic furniture industry’s expansion. South Africa, Brazil, India, China, and other countries have experienced rapid expansion in the real estate and hotel industries. Corporate investment in the hotel and real estate industries is increasing, which is fueling market growth. Furthermore, because to its timeless durability, appealing appearance, and water resistance, high-quality plastic furniture is becoming increasingly popular for use in both homes and businesses.
A lack of quality and elegance, such as wood and metal, is one of the most significant challenges to market expansion. Because numerous manufacturers use the same PVC molding, plastic furniture may limit client preferences in terms of design and appearance, but not color. As a result, this type of furniture is less frequent in the luxury furniture sector.
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Furthermore, market development is projected to be constrained because plastic is a non-biodegradable product with significant environmental effects. Plastic furniture is one of the challenges limiting market growth since it is less durable than other types of furniture.
Impact of COVID-19 on Global Plastic Furniture Market
The global coronavirus epidemic has generated a variety of challenges for exporters from both developing and developed countries. The difficulties faced by plastic furniture exporters are expected to continue for the foreseeable future, as several states and governments throughout the world use a range of measures to combat COVID-19. Following the COVID-19 viral outbreak, producers expanded their social media promotion of plastic furniture to reach a large consumer base. Curfews and the global norm of keeping social distance have an impact on domestic and foreign output, slowing total market growth.
Plastic Furniture Market Key Players:
Furthermore, Asia-Pacific is expected to grow at a significant rate in the worldwide plastic furniture market due to rising disposable incomes, growing public awareness of plastic furniture, and the dominance of China and India in the region. It is projected that the African market for plastic furniture will grow at a robust pace. Businesses searching for better prospects are investing in the Middle East and Africa sector, and it is expected to grow significantly over the coming years. Additionally, some of the market key players are The Supreme Industries Limited, Nilkamal Limited, Keter Group, ScanCom International A/S, Tramontina, Pil Italica Lifestyle Limited, Uma Plastics Limited., Avro India Limited, Cello Group, Cosmoplast Industrial Company L.L.C.
Global Plastic Furniture Market Segmentation:
By Type: Based on the Type, Global Plastic Furniture Market is segmented as; Kitchen Furniture, Living and Dining Room Furniture, Bathroom Furniture, Outdoor Furniture.
By End User: Based on the End User, Global Plastic Furniture Market is segmented as; Residential, Commercial.
By Distribution Channel: Based on the Distribution Channel, Global Plastic Furniture Market is segmented as; Modern Trade, Specialty Stores, E-commerce, Direct-to-customers.
By Region: This report also provides the data for key regional segments of North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link:-
Plastic Furniture Market Future Outlook
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