According to a new report published by Allied Market Research, titled, “Plastic Furniture Market by Type, End User, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2027.
The global plastic furniture market size was valued at $14.5 billion in 2019, and is projected to reach $19.0 billion by 2027, registering a CAGR of 5.8% from 2021 to 2027. The report provides a comprehensive analysis of changing market trends, key segments, top investment pockets, value chain, and regional scenario.
Surge in demand for lightweight, low-cost, and durable furniture made up of plastic and rise of the real estate and hospitality sector fuel the growth of the global plastic furniture market. North America contributed to the highest market share in 2019, and will maintain its leadership status during the forecast period. The ban on export activities in developed and developing countries would present challenges for manufacturers during the Covid-19 pandemic.
presence of plastic pose a threat not only to marine life but also to agricultural land. This is attributed to the fact that plastic is responsible for the dilapidation of the agriculture land and atmosphere, which continuously use precious earth resources, in particular oil. This is now posing threat to environmental and agricultural production. Thus, adverse effects of plastic on marine life and agriculture land is restricting the growth of the plastic furniture market.
Request Sample Report: https://www.alliedmarketresearch.com/request-sample/11639
Based on type, the kitchen furniture segment accounted for the highest share in 2019, contributing to more than one-third of the total market share, and is estimated to maintain its dominance in terms of revenue during the forecast period. However, the bathroom furniture segment is expected to manifest the largest CAGR of 8.3% from 2021 to 2027.
Based on end user, the commercial segment is estimated to manifest the largest CAGR of 6.7% during the forecast period. However, the residential segment contributed to the largest market share in 2019, accounting for nearly two-thirds of total share, and will continue its lead position throughout the forecast period.
Based on region, North America contributed to the highest market share in 2019, holding nearly two-fifths of the total market, and is expected to maintain its leadership status during the forecast period. However, Asia-Pacific is projected to witness the fastest CAGR of 7.7% from 2021 to 2027.
Covid-19 Scenario:
• The ban on export activities in developed and developing countries would present challenges for market players as governments have been implementing various measures for tackling Covid-19 pandemic.
• Many new installation and maintenance activities have been delayed during the pandemic due to lockdown and stringent social distancing measures implemented by governments. The installation and maintenance activities are expected to begin during the post-lockdown.
For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/11639
Leading players of the global plastic furniture market:
• Avro India Limited
• Cosmoplast Industrial Company L.L.C.
• Cello Group
• Nilkamal Limited
• Keter Group
• ScanCom International A/S
• Pil Italica Lifestyle Limited
• Tramontina
• The Supreme Industries Limited
• Uma Plastics Limited.
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Contact us:
David Correa
5933 NE Win Sivers Drive
205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022|
UK: +44-845-528-1300 |
Hong Kong: +852-301-84916 |
India (Pune): +91-20-66346060 |
Fax: +1-855-550-5975
Email: help@alliedmarketresearch.com