Report Ocean has recently published the “Plastic Furniture Market“ Research Report 2023-2031, offering a comprehensive analysis of the market. This report delves deep into the market dynamics, including key trends, upcoming technologies, drivers, challenges, and regulatory policies. It also features company profiles and strategies of prominent players in the industry. With over 100+ market data tables, pie charts, graphs, and figures, this global market study provides a thorough understanding of the market landscape. It presents a complete assessment, encompassing future trends, current growth factors, informed opinions, factual insights, and industry-validated market data, enabling accurate forecasts until 2031.
The global plastic furniture market size was valued at $14,593.1 million in 2019, and is projected to reach $19,075.3 million by 2027, registering a CAGR of 5.8% from 2021 to 2027. Plastic furniture is designed using various types of plastics, including polymers, polyvinyl chloride, and polypropylene. Their prolonged durability and economic nature have made them ideal materials to be used in outdoor settings and for indoor purposes. Rise in trend to go green across the globe is the key factor driving the demand for ecological plastic furniture. Moreover, various stakeholders are focusing toward developing sustainable furniture owing to increase in awareness regarding eco-friendly products.
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Furthermore, increase in environmental concerns globally, rise in deforestation, and implementation of stringent regulations of government on cutting of trees have provided lucrative opportunity for the expansion of the plastic furniture market. Rise in penetration of various online portals in developing regions and increase in number of offers & discounts attract consumers to purchase plastic furniture products through e-commerce channels. Moreover, e-commerce channels have increased consumer reach, owing to which it has evolved as a key source of revenue for many companies. Furthermore, the e-commerce industry is expected to expand in the future, owing to rapid growth in mobile users in emerging markets.
Increase in e-commerce sales, improvements in logistics services, ease in payment options, and facility to enter in new international markets for major brands further boost growth of the plastic furniture market. However, the recent outbreak of coronavirus has significantly impacted the plastic furniture industry along with all stages of supply chain and value chain. It has further affected consumer behavior with regards to purchasing plastic furniture globally. The global plastic furniture industry is segmented into type, end user, distribution channel, and region. On the basis of type, the market is divided into kitchen furniture, living & dining room furniture, bathroom furniture, and outdoor furniture. Depending on end user, it is bifurcated into residential and commercial. By distribution channel, it is categorized into modern trade, specialty stores, e-commerce, and direct-to-customers. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
– This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the plastic furniture market analysis from 2019 to 2027 to identify the prevailing market opportunities.
– The market research is offered along with information related to key drivers, restraints, and plastic furniture market opportunities.
– Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
– In-depth analysis of the plastic furniture market segmentation assists to determine the prevailing market opportunities.
– Major countries in each region are mapped according to their revenue contribution to the global market industry.
– Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the plastic furniture market players.
– The report includes analysis of regional as well as global plastic furniture market trends, key players, market segments, application areas, and plastic furniture market growth strategies.
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The key players profiled in the plastic furniture market report are Avro India Limited, Cello Group, Cosmoplast Industrial Company L.L.C., Keter Group, Nilkamal Limited, Pil Italica Lifestyle Limited, ScanCom International A/S, The Supreme Industries Limited, Tramontina, and Uma Plastics Limited.
KEY MARKET SEGMENTS
– By Type
o Kitchen Furniture
o Living & Dining Room Furniture
o Bathroom Furniture
o Outdoor Furniture
– By End User
o Residential
o Commercial
– By Distribution channel
o Modern Trade
o Specialty Stores
o E-commerce
o Direct-to-customers
– By Region
o North America
? U.S.
? Canada
? Mexico
o Europe
? UK
? Germany
? France
? Russia
? Italy
? Spain
? Rest of Europe
o Asia-Pacific
? China
? Japan
? India
? Australia & New Zealand
? South Korea
? ASEAN
? Rest of Asia-pacific
o LAMEA
? Brazil
? South Africa
? Turkey
? Saudi Arabia
? Rest of LAMEA
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Key Questions Market Research and Analysis Report
- What is the current market size, both in terms of value and volume?
- What is the historical growth rate of the market, and what are the projected growth rates for the future?
- Who are the major players in the market, and what is their market share?
- What are the market trends and dynamics influencing the industry?
- What are the key drivers of market growth?
- What are the challenges and barriers faced by market participants?
- What are the emerging opportunities in the market?
- What is the competitive landscape of the market?
- What are the consumer preferences, behaviors, and buying patterns within the market?
- What is the market segmentation, and how are different market segments performing?
- What are the pricing trends and strategies in the market?
- What are the distribution channels and their effectiveness in reaching the target audience?
- What are the regulatory and legal factors impacting the market?
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