Market Size of Plastic Furniture Industry
Study Period | 2020 - 2029 |
Market Size (2024) | USD 15.22 Billion |
Market Size (2029) | USD 18.74 Billion |
CAGR (2024 - 2029) | 4.25 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Plastic Furniture Market Analysis
The Plastic Furniture Market size is estimated at USD 15.22 billion in 2024, and is expected to reach USD 18.74 billion by 2029, growing at a CAGR of 4.25% during the forecast period (2024-2029).
With the onset of the pandemic, the booming sector of plastic furniture was heavily impacted due to the restriction and lockdown in the initial period. The manufacturing index also showed a drastically declined number for the month of March, April, and May of 2020. The furniture industry bounced back with the rise in work or study from furniture in the latter half of 2020. The pandemic also resulted in the need for privacy and personalized space within the house that was required for the work-from-home or study-from-home, which resulted in an increase in demand for WFH furniture.
Due to the increased demand for inexpensive, lightweight, and durable plastic furniture in a range of end-use industries, consumers are selecting plastic furniture over traditional, wooden, or metal furniture.
The study concludes that the development of the plastic furniture business will be greatly influenced by ongoing improvements in engineered plastics and an increasing focus on recyclable plastics. The industry gained momentum with the development of high-performance plastic polymers ideal for making durable plastic furniture. The makers of plastic furniture will keep producing new types of plastic and furniture designs to capitalize on possible sales prospects. Small businesses are entering the plastic furniture market with innovative designs of recycled plastic furniture to take advantage of the growing consumer demand for eco-friendly products.
Plastic Furniture Industry Segmentation
A complete background analysis of the Plastic Furniture Market includes an assessment of the parental market, emerging trends by segments and regional markets, significant changes in market dynamics, and a market overview covered in the report.
The Plastic Furniture Market is Segmented by Type (Kitchen Furniture, Living and Dining Room Furniture, Bathroom Furniture, Outdoor Furniture, and Other Types), End User (Residential and Commercial), Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online, and Other Distribution Channels), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report offers market size and values in (USD million) for all the above segments.
By Type | |
Kitchen Furniture | |
Living and Dining Room Furniture | |
Bathroom Furniture | |
Outdoor Furniture | |
Other Types |
By End User | |
Residential | |
Commercial |
By Distribution Channel | |
Supermarkets and Hypermarkets | |
Specialty Stores | |
Online | |
Other Distribution Channels |
Geography | |
North America | |
Europe | |
Asia-Pacific | |
South America | |
Middle-East and Africa |
Plastic Furniture Market Size Summary
The plastic furniture market is experiencing a notable transformation, driven by the increasing preference for lightweight, durable, and cost-effective furniture solutions across various sectors. The pandemic initially disrupted the market, but the subsequent rise in demand for work-from-home and study-from-home furniture spurred a recovery. Consumers are increasingly opting for plastic furniture over traditional materials like wood and metal due to its flexibility, pressure resistance, and affordability. The industry is benefiting from advancements in engineered and recyclable plastics, which are enhancing the durability and appeal of plastic furniture. This has led to a surge in innovation, with manufacturers introducing new designs and materials to meet the growing demand for eco-friendly products.
The market is witnessing significant growth, particularly in the Asia-Pacific region, where rising disposable incomes and increased awareness of plastic furniture are driving expansion. The Middle East and Africa are also emerging as promising markets, attracting investments from companies seeking to capitalize on new opportunities. The competitive landscape is characterized by a mix of large enterprises and small businesses, with major players like Keter Group, Ashley Furniture Industries, Inc., and IKEA dominating the market. These companies leverage extensive product offerings and strategic marketing to maintain their market share, while smaller firms focus on niche markets and superior customer service. The industry's growth is further supported by global trends towards sustainability and multifunctional design, as evidenced by recent events like the Milan Furniture Fair.
Plastic Furniture Market Size - Table of Contents
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1. MARKET INSIGHTS AND DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Market Opportunities
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1.5 Supply Chain / Value Chain Analysis
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1.6 Porter's Five Forces Analysis
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1.7 Insights into the Trends Influencing the Plastic Furniture Market
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1.8 Insights into Technological Innovations in the Market
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1.9 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Kitchen Furniture
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2.1.2 Living and Dining Room Furniture
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2.1.3 Bathroom Furniture
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2.1.4 Outdoor Furniture
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2.1.5 Other Types
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2.2 By End User
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2.2.1 Residential
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2.2.2 Commercial
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2.3 By Distribution Channel
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2.3.1 Supermarkets and Hypermarkets
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2.3.2 Specialty Stores
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2.3.3 Online
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2.3.4 Other Distribution Channels
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2.4 Geography
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2.4.1 North America
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2.4.2 Europe
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2.4.3 Asia-Pacific
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2.4.4 South America
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2.4.5 Middle-East and Africa
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Plastic Furniture Market Size FAQs
How big is the Plastic Furniture Market?
The Plastic Furniture Market size is expected to reach USD 15.22 billion in 2024 and grow at a CAGR of 4.25% to reach USD 18.74 billion by 2029.
What is the current Plastic Furniture Market size?
In 2024, the Plastic Furniture Market size is expected to reach USD 15.22 billion.