Plastic Furniture Market Overview:
This study's purpose is to give an overview of the Plastic Furniture market as well as extensive market segmentation based on segments, and geography. The report includes vital information on the market positions of the major Plastic Furniture companies, as well as notable industry trends and prospects.
The report also focuses on the leading industry players in the Global Plastic Furniture market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information. This research looks into Plastic Furniture Market Trends, Volume, and Value at the Global, Regional, and Company Levels. This study examines the whole Plastic Furniture Market Size from a worldwide standpoint, evaluating historical data and forecasts.
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Global Plastic Furniture Market is expected to grow at a CAGR of 7% during the forecast period. Global Plastic Furniture Market is expected to reach US$ 22 bn by2027.
Market Scope:
Top-down and bottom-up approaches are used to validate the market size and to estimate the market size by different segments. The market estimations in the report are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and breakdowns of the segments are derived based on weights assigned to each of the segments on their utilization rate and average sale price. The country-wise splits of the overall market and its sub-segments are based on the percentage adoption or utilization of the given market Size in the respective region or country.
Drivers:
Compact modular homes have become more popular, and there has been an increase in portable and easily movable furniture. This furniture is readily available and is simple to mould, design, and shape for various applications. In the expanding real estate and hospitality industries, there is a need for furniture that is adaptable, lightweight, flexible, and multifunctional with simple portability. These elements are fueling the expansion of the plastic furniture market.
creation of high-performance plastic materials suitable for producing long-lasting plastic furniture. The demand for plastic furniture is being driven by the development of novel materials and styles.
Segmentation:
By Type, the Kitchen segment controlled a 32% share of the market in 2020. The factors driving the demand for the product include a wide variety of products, various colour options, a wide range of polymers for chipboard panels, and use of Formica resins in ladles, cups, plates, etc. The demand for upscale interiors and rising high lifestyles are the two main factors propelling the plastic furniture market.
Through the forecast period, the bathroom segment is anticipated to grow at a CAGR of 6.5%. The expansion of bathroom interiors and the availability of numerous products in high-quality plastic at lower costs than steel, including stools, bathtubs, faucets, etc., are expected to fuel market expansion over the coming years.
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Key Players: the key players are
• IKEA
• UMA Plastics Limited
• Patio Furniture Industries
• Avon Furniture Factory L.L.C
• Walmart
• Ashley Furniture Industries, Inc.
• Keter Group
• Vitra International AG
• Cosmoplast Industrial Company L.L.C.
• Berkshire Hathaway Inc.
• Foliot Furniture
• Nilkamal Limited
• La-z-boy
• Sleep Number
• Telos Furniture
• Tramontina
• Cello Wim Plast Ltd.
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Regional Analysis:
The report has assessed the global Plastic Furniture market in the following regions:
- America, North (the United States, Canada)
- European Union (Germany, France, United Kingdom, Russia)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)
Key Questions answered in the Plastic Furniture Market Report are:
- Which key trends are likely to emerge in the Plastic Furniture market in the forecast period?
- What will be the Plastic Furniture market size by 2027?
- Which company had the biggest share in the Plastic Furniture market in 2020?
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